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blockchain to fight fake news NEWS REGULATORS 

Social Media Giant Twitter Looking into Blockchain to Fight Fake News Says CEO Dorsey

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Jack Dorsey, CEO of the social media giant Twitter, testified before a U.S. Congressional committee on Wednesday, confirming that Twitter is considering the use of blockchain to fight fake news and prevent online scams. U.S. Congress is currently probing into the potential political bias among tech giants Twitter, Google and Facebook, questioning CEO’s such as Dorsey and Zuckerberg of Facebook, to identify what steps they are taking to prevent future election meddling. Doris Matsui, a representative of California, questioned Dorsey during a House Committee on Energy and Commerce hearing about user…

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INFLUENCERS NEWS 

Facebook Increases Focus on Blockchain with One of its Most Senior Engineers

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In a major move, Facebook increases focus on blockchain as one of its most senior engineers, Evan Cheng becomes Director of Engineering Blockchain. Following the backlash from the Facebook data scandal, industry experts say the social networking behemoth may be leveraging blockchain technology to help users control, or even monetise their data. The ‘tech’ industry is rife with speculation, as Cheng’s specialist knowledge on performance and scalability indicates the potential of the project. Cheng joins the Blockchain Team headed up by former president of Paypal David Marcus.

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facebook blockchain team FTSE / NASDAQ NEWS 

Zuckerberg Dedicates Top Execs to New Facebook Blockchain Team

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Zuckerberg moves highest ranking executives to build a Facebook Blockchain Team, marking the biggest restructuring in the companies history. The team head will be David Marcus, former President of Paypal and currently a Board Member of Coinbase, the popular digital currency exchange. Cryptocurrency related products have seen an uptake from millennials, and could potentially disrupt his networking market. However, with a board that includes venture capitalists Marc Andreessen and Peter Thiel, very active investors in blockchain, Facebook is not to be underestimated.

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facebook sparks blockchain for social networks FTSE / NASDAQ NEWS 

Facebook Data breach, sparks discussion on blockchain for social networks

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Facebook’s data security breach has sparked discussions on a ‘permission-based’ decentralised blockchain for social networks. The recent data breach by Cambridge Analytica, a political consultancy that inappropriately obtained detailed information of over 50 million facebook profiles, has revealed how data can be exploited in the worst possible way.

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