Here’s what happened this week in Bitcoin.
It was not a good week for Facebook’s Libra project – again. Hotel reservation company, Booking.com, joined PayPal, Visa, and Mastercard to become the 7th major company to exit the project. Furthermore, a US Congressman said Facebook should drop Libra and instead implement Bitcoin. Warren Davidson criticized Facebook’s speech filters and feared similar filters on transactions.
The tax haven island of Bermuda is set to accept US Dollar-pegged Stablecoin, USDC, for tax payments. USDC is issued by the major US exchanges, Coinbase and Circle. Bermuda is known for its lenient approach to crypto taxation and legislation and now becomes the first nation to accept a stablecoin for tax payments.
Binance, the largest crypto-to-crypto exchange brought in approximately $186 million in profits in Q3; up 56% from Q2. Every quarter Binance burns BNB…