RATE Group | What Libra’s 2020 Launch Might Mean For Cryptocurrency
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What Libra’s 2020 Launch Might Mean For Cryptocurrency

11 Jan What Libra’s 2020 Launch Might Mean For Cryptocurrency

Posted at 05:31h in Cryptocurrency News by

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Like in each of the past five or so years, 2020 is almost guaranteed to see a fair amount of volatility in the cryptocurrency market.

This assumption is further supported by the array of crypto-related events that are expected to take place throughout the year. Bitcoin will experience another halving, Ethereum will see more preparation for its eventual 2.0 launch and crypto options trading will be introduced to U.S. traders.

Each event will likely result in some noticeable price action across crypto exchanges. However, no single event is likely to have as wide-ranging impact on the digital asset space as the launch of Libra, the Facebook, Inc. (NASDAQ: FB) backed stablecoin that will also include its own wallet and payment platform, Calibra.

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While not truly a cryptocurrency—since it is pegged to a basket of fiat currencies—libra is being heavily associated with the industry. It’s impact in this first year could…

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