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Hodler's Digest, April 8–14: Top Stories, Price Movements, Quotes and FUD of the Week | | Cryptocurrency news. Breaking news on cryptocurrency.
Bloomberg calls Bitcoin a bubble yet again, and Facebook is seemingly looking for $1 billion from VC firms for its stablecoin. Top Stories This WeekNYT Reporter: Facebook Seeking $1 Billion in Venture Capital for Crypto ProjectAccording to a tweet by New York Times (NYT) tech reporter Nathaniel Popper, Facebook is reportedly looking to various venture capital firms to develop its digital token that has been previously reported on. Popper, citing unnamed sources familiar with the matter, said that Facebook is seeking $1 billion to develop its cryptocurrency project, which itself has not been publicly confirmed by the company. The Times reporter also noted that the project involves a stablecoin that would be pegged to a basket of foreign currencies held in bank accounts.Chinese Traders Pay Extra for Bitcoin Through OTC Desks Amid Crypto Market SurgeLocal Chinese social media sources said that Bitcoin's (BTC) price surge last week has led Chinese traders to pay a premium in order to trade