Despite U.S. lawmakers' skepticism toward Facebook's proposed digital token, Libra, individual investors are eager to trade cryptocurrencies like bitcoin, TD Ameritrade CEO Tim Hockey says in an interview.
Bitcoin wilts back below the $10,000-mark on Wednesday alongside other cryptocurrencies as U.S. lawmakers cast doubts that they will give the nod to Facebook's own cryptocurrency plans, legitimizing the space in the process.
Zev Fima, Research Analyst with ActionAlertsPLUS, had a chance to sit down with three bright minds from Greenwood Project to discuss their views on cryptocurrency.
Bitcoin is testing its 50-day moving average at $9,900 for the first time since mid-February.
It is unclear how a 'libra' denominated transaction might be governed in the future and it might require the creation of an entirely new oversight entity.
Surprise, surprise: Regulatory opposition toward digital currencies at home and abroad is rising against Facebook.
The launch of Libra is expected to help spur the adoption of cryptocurrencies and blockchain technology in general.