| CNBC Host Goes Full Bitcoin Maximalist With $55K Forecast After Halving
What happened?
Former Bitcoin bear and the Squawk Box co-host Joe Kernen has predicted that the coin could hit $55,000 by May 2020 — the date of Bitcoin's next halving.
What is this based on?
Kernen predicted that the increased scarcity will catalyze greater demand, arguing that such classical market principles still apply to crypto-assets — just as they do to scarce, precious metals, such as gold and silver.
Facebook Warns Investors That Libra Stablecoin May Never Launch
What happened?
Facebook told its investors in its latest quarterly report that — while the firm expects to launch Libra next year — some factors could prevent its release, admitting the significance of the pushback shown by regulators toward Libra.
Did Facebook take the criticism to heart?
Although the company still expects Libra to be released in 2020 (for now), it looks like Facebook is laying the groundwork for a U-turn, if need be.
Some Senators Call on the US to Lead in Blockchain and Crypto, Others Doubt
What is this all about?
The United States Committee on Banking, Housing and Urban Affairs ended its hearing on "Examining Regulatory Frameworks for Digital Currencies and Blockchain" on July 30.
What was the tone of the hearing?
Sen. Michael Crapo of Idaho said he wanted the U.S. to be at the forefront of cryptocurrencies and blockchain, adding the technology "both has incredible potential and incredible risk." Sen. Catherine Marie Cortez Masto of Nevada said that she believes in the potential of blockchain and the importance of leading in this technology over China. Australian Draft Bill Excludes Digital Currency From New Cash Payment Limit
What happened?
Although the country plans to ban cash payments for goods and services worth more than 10,000 AUD ($6,900), politicians hope to exclude cryptocurrencies from this rule.
Why do they want to exclude crypto?
Lawmakers say they want to avoid stifling innovation in the burgeoning sector, adding that its research suggests "there is little current evidence" that crypto is being used to facilitate black market activities.
Is Bitcoin a Store of Value? Experts on BTC like Digital Gold
What is this all about?
It's hard to tell who was the first to coin — pun intended — Bitcoin as "digital gold," underlining the idea that Bitcoin is a good store of value. To understand the community leaders' thoughts about digital gold nowadays, we spoke to Binance's Changpeng Zhao, award-winning technology leader Jonathan Reichental, the United Nations' Susan Oh, Singularity University's David Obran and other outstanding experts. | 
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