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Bitcoin News Bulletin 09/17/19: Of Linux Malware, Bitcoin Cash, and More

Presenting you the most trending bitcoin stories of the last 24 hours. Imperceptible Linux Malware Is a New Way for Cryptojacking¬† Yesterday, prominent industry analysts Augusto Remiliano II and Jacob Urbanec posted a note on Trend ‘Micro’s security and intelligence blog. They discussed a new Linux Malware, which deploys malicious kernel modules to mine cryptocurrencies…

Facebook Goes Cold Feet on Libra Cryptocurrency

Facebook is doubtful about the launch of its controversial cryptocurrency Libra. The social media giant said in its SEC filing that they might not go ahead with their plans due to “significant regulatory scrutiny.” It also noted that Libra could adversely affect its business, reputation, or financial results. “Market acceptance of such currency is subject…

Facebook’s Libra Cryptocurrency is Transformative: UK Chancellor

Facebook’s plan to launch Libra, a payment cryptocurrency, is potentially a step in the right direction, believes Philip Hammond. The UK chancellor said in an interview to CNBC’s Squawk Box that Libra could be transformative in shaping the payment industry, adding that the UK regulators are willing to work with Facebook in making that happen. “We…

Facebook’s “Shadow Bank” Attracts Flacks from European Politicians

Just fourteen months ago, Facebook founder Mark Zuckerburg was facing criticism from the US Senate Committee over his platform’s alleged role in manipulating the 2016’s presidential election. The 35-year old entrepreneur apprehensively answered to a long string of questions about whether or not Facebook tackled the fake news or sold online advertisements to Russian propagandists….

Facebook Libra is Not a Cryptocurrency, Says Quantitative Analyst

Facebook’s plans to launch its own digital currency, Libra, might have posed competition to bitcoin, but their new product lacks the essential elements to function as a real cryptocurrency, according to Bart Smith of Susquehanna International Group, LLP. The head of digital assets said in an interview to CNBC that Libra is nothing but a…

Facebook Cryptocurrency Sends Shivers Across Politicians and Regulators

Not everybody is happy with Calibra, Facebook’s hugely-awaited cryptocurrency platform. Soon after the social media behemoth unveiled the technical paper of its global currency project, it scared a handful of politicians and regulators across the world. Lawmakers from Europe were the first ones to issue stern feedbacks, with French Finance Minister Bruno Le Maire stating…

Bitcoin Trades Flat as Facebook Unveils Its Libra Blockchain

The uptrend in the bitcoin market has paused following the introduction of Libra, a blockchain-based cryptocurrency unveiled by Facebook. As of 1255 GMT today, the BTC/USD exchange rate was trading at $9,241 on CoinStats’ crypto portfolio management app. That brought the pair more than 3 percent lower from its 2019 top of $9,353. Bitcoin’s upside…

Facebook Releases Whitepaper of Upcoming Payment Service Libra

By Coinstats’ Portfolio Management App: Facebook today released the whitepaper of its upcoming payment service dubbed as Libra. The social media giant stated that Libra will be a non-volatile, blockchain-based cryptocurrency, whose goal will be to bank all the unbanked people across the world. The project, according to the whitepaper, has received support from global…