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US Lawmakers to Grill Facebook CEO Mark Zuckerberg on Libra

  • Alex Dovbnya
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    House members will have a unique opportunity to grill Zuckerberg himself

US Lawmakers to Grill Facebook CEO Mark Zuckerberg on Libra
Cover image via news.u.today

Mark Zuckerberg, the CEO of social media juggernaut Facebook, is expected to testify before the House Financial Services Committee on Oct. 23, Business Insider reports. 

It is worth noting that Facebook’s Blockchain head David Marcus has already endured two congressional hearings. However, this is the first time when US lawmakers will be able to talk Libra with none other than Zuckerberg himself. 

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Bug Bounty Program Launched by Libra Association Will Reward Security Experts

Bug Bounty Program Launched by Libra Association Will Reward Security Experts

Libra, which created an enormous amount of buzz after its announcement, has since faced many regulatory hurdles. As reported by U.Today,  Ripple CEO Brad Garlinghouse doesn't think that the stablecoin will be launched by 2023. 

France and Germany made it clear that they would block Libra. Meanwhile, Apple CEO Tim Cook recently threw shade at the Facebook coin by criticizing private companies that launch their own cryptocurrencies.         

 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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