Calibra wallet to protect users against fraud: Facebook’s David Marcus at the U.S. Senate hearing

John Isige FXStreet

Facebook’s executive in charge of Calibra and the proposed Libra cryptocurrency is currently attending a hearing at the United States hearing to answer questions regarding the scope and the expectations surrounding the crypto. Marcus has told the Senate that the United States needs to be at the forefront of Libra regulation.

According to Marcus Calibra wallet will put measures in place to offer consumer protection against fraud. To set up a Libra account consumer will have to provide a government identification document. There will be other authentication programs and email programs to ensure the authenticity of the users.

Facebook is also working with regulators including FINCEN to ensure that Libra is within the laws of the jurisidiction in which it will operate.

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

XRP's bearish structure threatens key support

Ripple remains in a dominant bearish trend, trading at $10.08 as of Monday. This marks the third straight day the remittance token has extended its correction, with targets at the next key support levels of $0.04 and $1.00, respectively.

Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as US and Iran exchange fresh attacks

The cryptocurrency market broadly corrects on Monday, as risk-averse sentiment persists amid fresh military attacks between the US and Iran in the Middle East. Bitcoin hovers above $63,000, reinforcing a weak technical structure while Ethereum trades below $1,800 with the next key support near $1,700.

Pi Network Price Forecast: PI risks further decline in a bearish setup

Pi Network is down over 6% on Monday, targeting the lower support trendline of a falling channel pattern around $0.075. PI Open Interest declines, signaling reduced risk appetite among traders amid the broader market's short-term corrective tone.

Bitcoin retreats as Middle East conflict overshadows ETF inflows

Bitcoin trades lower on Monday, falling below $63,000 after a mild recovery in the previous week. Renewed tensions in the Middle East escalated after the US launched fresh strikes on Iran on Sunday, weighing on risk sentiment and capping BTC.

Bitcoin: Strategy sells, the market doesn’t care

Bitcoin (BTC) reclaims $64,000 on Friday, extending a modest recovery while holding firmly above the key technical support zone so far this week. Mixed spot Exchange Traded Funds (ETFs) flows through Thursday reflect cautious institutional positioning. Meanwhile, traders have digested headlines about Strategy’s recent Bitcoin sale, highlighting the Crypto King’s resilience and deep liquidity.