#CryptoCorner: Libra Association Announces Libra Bug Bounty Program, Facebook ($FB) Hires Lobbying Firm FS Vector for Libra, ASX Teams with VMware and Digital Asset
#CryptoCorner: Libra Association Announces Libra Bug
Bounty Program, Facebook ($FB) Hires Lobbying Firm FS Vector for Libra, ASX
Teams with VMware and Digital Asset
Point Roberts, WA, Delta BC, August 27,
2019 - Investorideas.com, a leader in crypto and blockchain investing news
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Stocks discussed: (NasdaqGS:FB) (NYSE:VMW)
Facebook’s (NasdaqGS:FB) Libra has today announced the Libra Bug
Bounty program, wherein developers can alert the Libra Association to bugs in
exchange for a reward worth up to $10,000. A description from the announcement
reads:
It enables developers to submit bugs and alert the
association to security and privacy issues and vulnerabilities to help ensure a
scalable, reliable, and secure launch.
The program will encourage many more people with
diverse skills and backgrounds to inspect and review the blockchain design and
implementation. The Libra Bug Bounty program is part of a larger ongoing effort
to build an open and vibrant community of security and privacy developers
around the globe.
Facebook has hired
Washington-based lobbying firm FS Vector for support on “issues related to
blockchain policy,” according to a report from O’Dwyer. Facebook’s
account will be led by FS Vector partner John Collins, who worked as the head
of policy at Coinbase from September 2014 to January 2016 and formerly served
as vice president of international policy at the American Bankers Association’s
international subsidiary, the Bankers Association for Finance and Trade.
The Australian
Securities Exchange (ASX) has signed a three-party memorandum of understanding
(MoU) with fintech firm Digital Asset and VMware, Inc. (NYSE:VMW), according to a
report from ZDNet. The MoU will
reportedly allow the companies to provide distributed ledger technology (DLT)
solutions for customers in Australia and New Zealand, and replace the existing
Clearing House Electronic Subregister System (CHESS) platform. ASX deputy CEO
Peter Hiom said:
"This new partnership is a very positive
development that will help us support a wider range of DLT solutions developed
by the industry. It confirms our belief in the potential of DLT as we remain on
track to deliver the CHESS replacement system in March-April 2021.”
The Swiss Financial
Market Supervisory Authority (FINMA) has granted banking and securities dealer
licences to digital asset firms SEBA and Sygnum, according to
official announcements from both firms, respectively. Andreas Amschwand,
Chairman of the Board of SEBA, commented:
“The banking licence of the Swiss Financial Market
Authority FINMA is not only a milestone for SEBA, it sets a new standard for
banking in the Blockchain and digital asset economy. This moment has
significance far beyond the Swiss financial industry.”
Luka Müller-Studer,
Co-Founder and Chairman of Sygnum, commented:
“To date, a lack of institutional-grade custody and a
truly integrated banking solution has slowed the adoption of digital assets by
institutional investors. Today’s licence announcement is a game-changer. By
methodologically incorporating digital assets into traditional banking, and
injecting much needed DLT-driven agility, Sygnum is accelerating the
development of an important new asset class.”
Sam Mowers,
Investorideas
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