Facebook’s Libra Wanders Into the Bitcoin Bear Trap
Bitcoin tokens sit next to a collection of U.S. one dollar bills in this arranged photograph in London, U.K. (Photographer: Chris Ratcliffe/Bloomberg)  

Facebook’s Libra Wanders Into the Bitcoin Bear Trap

(Bloomberg Opinion) -- Facebook Inc. on Tuesday launched its ambitious new cryptocurrency, which targets 2.6 billion users and is backed by up to $1 billion in funds. For the blockchain faithful, t...
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