Bitcoin Soars Higher Ahead of Facebook's Crypto Plan Unveiling

Facebook's highly anticipated crypto announcement didn't disappoint blockchain enthusiasts and the business community, but Capitol Hill is concerned about the tech giant's push into digital currencies. Henry Liu, Managing Partner, YGC, and Juan Hernandez, Founder & CEO of Openfinance, joined Cheddar to discuss the key benefits lawmakers are overlooking.

Blockchain launches a microsecond-latency crypto exchange to bring speed to traders, Facebook argues Libra could help law enforcement, and the founder of Zcash discusses privacy as a priority.

The European Central Bank Director says Facebook Libra won't be banned by global regulators, and non-profits are exploring the benefits of teaming up with Facebook for the Libra project.