#CryptoCorner: US
Treasury to Investigate Libra (NASDAQ: $FB),
Grayscale Continues (OTC: $GBTC) #DropGold Campaign to Encourage Crypto
Investment, Cryptanite (CSE: $NITE.C) Name
Change
Point Roberts, WA, Delta BC, October 23,
2019 - Investorideas.com, a leader in crypto and blockchain investing news
brings you today’s edition of the Crypto Corner podcast and commentary on
what’s driving the cryptocurrency market .
Listen
to today’s Crypto Corner Podcast:
Stocks discussed: (NasdaqGS:FB) (OTC:GBTC) (CSE:NITE)
The U.S. Department
of Treasury will investigate Libra, the planned
cryptocurrency project from Facebook (NasdaqGS:FB). The decision by the Treasury was
prompted by a letter from Emanuel Cleaver, II, congressman for Missouri’s fifth
district, who requested that regulators examine Libra and Calibra for “possible
systemic risk”. In a responding letter received by Congressman Cleaver
yesterday, the Treasury said:
“It is unclear whether U.S. and foreign regulators will
have the ability to monitor the Libra market and require corrective action, if
necessary. This concern must be addressed if the Libra is to launch.”
Congressman Cleaver
said:
“With the vast influence and reach of a company such as
Facebook, it is absolutely critical that any effort to launch a cryptocurrency
be met with the most stringent of examinations to ensure such an endeavor does
not pose a systemic risk to the global economy. I appreciate Facebook’s
willingness to work with federal regulators as the company seeks to launch
Libra, which has the potential to update—or upend—our financial system. As
Facebook works down this regulatory road, it is imperative that we affirm that
terror financing and money laundering is not advanced through Libra, and,
according to FSOC, significant concerns remain.”
Meanwhile,
Facebook’s CEO Mark Zuckerberg is in Congress today for a hearing with the House
Financial Services Committee mostly focussed on Libra.
Digital currency asset
manager Grayscale Investments has unveiled a new wave of
advertising for its #DropGold campaign. The campaign encourages investors to
allocate their investments to digital assets, and more specifically to the
company’s flagship Grayscale Bitcoin Trust (OTC:GBTC). Michael
Sonnenshein, Managing Director at Grayscale Investments, commented:
“We are delighted to continue driving the #DropGold
narrative by introducing our second commercial, the next chapter in how we are
helping to educate investors about the investment-case for Bitcoin and Bitcoin
access products like GBTC. Gold had its place in history but we now live in a
digital world. Embracing innovation is going to make a key difference when it
comes to building resilient investment portfolios.”
Cryptanite
Blockchain Technologies Corp. (CSE:NITE) has announced that it will
change its name to "Intellabridge Technology Corporation”, and will begin
trading on the Canadian Securities Exchange under the new name and the new
stock symbol "INTL" beginning October 24, 2019. According to the
press release, the new name “is designed to reflect a strategic move towards
machine learning and artificial intelligence technologies as part of its core
technology”.
Sam
Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain
and Digital Currency Stocks Directory
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