Facebook’s Libra Facing Adversity From G7 Countries – October 18

๐Ÿ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:ย $7,932

Bitcoinย has taken another tumble today, falling 2% over the last 24 hours.

Altcoins have experienced an even bigger hit, with drops across the majority of top-20 coins. Ethereum is down 3%, while XRP has also corrected 3.5%.

Top Stories for October 18, 2019 ๐Ÿ”ฅ

๐Ÿ‘‰ Facebook’s Libra Facing Adversity From G7 Countries

Facebook’s cryptocurrency is facing yet another hurdle, this time involving push-back from G7 nations.

The G7 group of countries believe that the risks associated with global stablecoins need to be addressed before they can be permitted to go ahead.

The Libra Association have responded by saying that they intend to work closely with regulators.

๐Ÿ‘‰ Canada Joins List of Countries Looking to Launch a Cryptocurrency

Leaks have shown that Bank of Canada officials have been exploring the idea of a national cryptocurrency.

An editor from 680 News broke the story, saying that Canada wants to get ahead of the curve, and that it was “likely” the country would launch a cryptocurrency.

๐Ÿ‘‰ Binance Futures Launches 125x Margin Trading

Binance has just announced on Twitter that they will be integrating up to 125x leverage on their BTC/USDT trading pair.

The move may put Binance in direct competition with the infamous BitMex platform, for high-leverage traders.

Before the upgrade, the maximum leverage available was 20x.