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Zuckerberg will testify today about Pounds before Congress
The CEO and founder of Facebook, Mark Zuckerberg, will face a mark of the legislators in the Congress at 14:00 UTC today. In his testimony before the Committee on Financial Services of the House of Representatives, Zuckerberg has already revealed that the project will address of criptomoneda Pound and other problems facing the social networking giant. However, there are many things that are unknown, as Zuckerberg also face questions from the 60 members of the committee for the hearing, entitled: “An examination of Facebook and its impact in the sectors of financial services and housing.” On the 9th of October, congresswoman Maxine Waters officially announced that Zuckerberg would attend a hearing in Congress entitled, “An examination of Facebook and its impact in the sectors of financial services and housing.”
Bitcoin registers a fall in its price close to the $7.5 K
The consolidation of low volatility of Bitcoin has terminated with a drop in violent beyond the minimum of four months near $ 7,500. The main criptomoneda fell $ 500 in just minutes at the 12:50 UTC to reach a minimum of $ 7,500, the lowest level since June 10, according to data from CoinMarketCap. Currently is floating at that price. The reasons for the fall have not yet been elucidated, but the volatility changes the most recent period of performance plane for Bitcoin.
U.S. treasury will monitor to Pound on possible financial risks
The US Treasury Department has committed to monitor the project criptomoneda led by Facebook Pound. The news was announced by Emanuel Cleaver, II, congressman from the fifth district of Missouri. Cleaver said that he had written to the Council of Supervision of Financial Stability (FSOC) and the Office of Financial Research (OFR) in August asking the regulators “to review proactively to Pound and Calibrated to detect possible systemic risks”. In the letter, the Treasury Department declares: “it is Not clear whether the u.s. and foreign regulators will have the ability to monitor the market Pounds and will require corrective measures, if necessary. This concern must be addressed if the Pound is going to release”. As chairman of the Subcommittee on Financial Services on Monetary Policy, congressman Cleaver has played an active role by asking for the regulation of the criptomoneda proposal of Facebook.
Winklevoss said that Bitcoin is more than digital gold
Cameron Winklevoss, one half of the office family of the same name of Winklevoss Capital and co-founder of the exchange of encryption Gemini, says that the chances of Bitcoin going beyond the digital gold. In a tweet published on October 23, Cameron argued that: Because Bitcoin is an open source software, their possibilities are limitless. I often talk of gold as a capital of the target market, but that is only the beginning… it is the digital gold, the source of truth, etc
Because Bitcoin is open source software, its possibilities are boundless. I often talk about gold as a target market cap, but that’s really just the beginning…it’s digital gold, source of truth, etc…— Cameron Winklevoss (@winklevoss) October 23, 2019
The argument of Cameron aims to go beyond the common analogy of Bitcoin with gold, whose supporters compare the scarcity of the precious metal with the supply of finite Bitcoin to emphasize the role of the criptomoneda as a store of value digital. The following two tabs change content below. Venezuelan, student of the last semester of Social Communication. Attracted by the new technologies and the development that they offer to humanity.