fastest growing cryptocurrency 2021

Facebook: The US Needs Libra to Counter China’s Cryptocurrency

UPDATE: Here’s the full rundown on what happened at this week’s hearing.

Facebook CEO Mark Zuckerberg will try to convince US lawmakers to back the company’s Libra project by pointing to threat of China developing its own cryptocurrency to influence the world’s financial markets.

On Wednesday, Zuckerberg is slated to appear(Opens in a new window) before the House Financial Services Committee to discuss the company’s Libra project, which is facing scrutiny from governments across the globe. A key concern is whether the proposed crytocurrency risks handing too much power to Facebook when its reputation has taken a dive on

Miami to Explore Paying City Employees in Bitcoin

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The city of Miami will explore paying municipal employees in Bitcoin.

On Thursday, city commissioners voted to study the idea on a request from Mayor Francis Suarez, who’s been trying to turn Miami into a Silicon Valley-like tech hub

According(Opens in a new window) to Suarez, Miami’s city manager will study and then select a technology vendor to enable municipal employees to receive a percentage of their salary in Bitcoin if they so choose. The same vendor will also work to enable local Miami residents to pay city fees and even taxes in the virtual currency.