© 2019 Bloomberg Finance LPBitcoin prices continued their sharp fluctuations today, falling to a three-week low as a U.S. Senate hearing regarding Facebook's libra digital currency drew widespread interest. Senate Libra HearingThe Senate Banking Committee held a hearing today on the libra digital currency, during which David Marcus, head of Calibra for Facebook, provided testimony. Senator Sherrod Brown, ranking member of the Senate Banking Committee, emphasized the concerns he has about the social media giant. "Unlike Bitcoin, Libra has to rely on regulatory oversight in order to accomplish what it has set out to do," noted Garcon. Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether and EOS.

Source: Forbes July 16, 2019 22:07 UTC