UPDATED 3:25 PM PST – Wednesday October 9, 2019
Related: FBI Director Wray, AG Barr Warn Against New Encryption On Facebook Messenger
Global regulators are also wary of how the digital currency will impact the financial system, based on the wild market cycles of similar currencies like Bitcoin.
FILE – In this April 11, 2018, file photo, Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce hearing on Capitol Hill in Washington. (AP Photo/Andrew Harnik, File)
The push towards cryptocurrency has been hindered by an ongoing federal investigation, which is looking into the Facebook’s privacy and advertising practices. Democrat Representative Maxine Waters has voiced opposition to the company and its ever-growing reach. Earlier this year, she called for Facebook to cease development of Libra.
“The type of change that will reconfigure the financial system to be tilted towards people, not the institutions serving them, will be hard,” the Libra Association said. “Commitment to that mission is more important to us than anything else — We’re better off knowing about this lack of commitment now, rather than later.”
The #Libra Association is today announcing plans for a simple global currency and financial infrastructure. Find out more https://t.co/VPS7LllcNn #blockchain #cryptocurrency pic.twitter.com/mdHymhsrcH
Libra was first announced back in June as a “simple global currency” that would “empower people around the world.”
Facebook CEO Mark Zuckerberg is set to testify before the House Financial Services Committee over the platform’s plans to implement its own digital currency. Sources close to the matter this week said Zuckerberg will be the only witness at the hearing later this month. The hearing will mark his first appearance before a congressional committee since 2018.
The Libra Association was initially composed of a handful of large firms, but PayPal Holdings has since severed ties with the project. The digital payments company announced their official separation on Monday, which the association quickly responded to.
— Libra (@Libra_) June 18, 2019
The new currency was created to boost e-commerce and advertisements within the app. Facebook plans to release the cryptocurrency in 2020, but a number of factors may halt the company’s progress.
Tucker Carlson recently pointed out the hypocrisy surrounding mainstream media’s coverage of the Justin Trudeau blackface scandal by comparing the way CNN’s Don Lemon handled the matter. On Tucker Carlson Tonight on Fox News Tucker spent no time singling out CNN’s Don Lemon in a clip where it showed how the liberal Lemon host […]
Trump demands resignations over Kavanaugh story at New Mexico rally
“I call for the resignation of everybody at The New York Times involved in the Kavanaugh smear story, and while you’re at it, the Russian witch hunt hoax, which is just as phony a story,” the president said. “They’ve taken the old Grey Lady, so prestigious, and broken her down, destroyed her virtue, and ruined her reputation. She can never … See More recover, and will never return to greatness under current management. The Times is dead, long live the New York Times.”
Trump demands resignations over Kavanaugh story at New Mexico rally
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In a major win for the Trump administration, the Supreme Court issued an order late Wednesday ending all injunctions that had blocked a White House ban on asylum for anyone trying to enter the U.S. via a third country, such as Mexico, without seeking protection there.
The Supreme Court’s order was not a final ruling on the policy’s merits but does allow the … See More policy to take effect nationwide, including in the 9th Circuit, while the case makes its way through the lower courts.
Supreme Court allows Trump asylum restrictions to take effect, ending 9th Circuit injunctions
2020 Democrats to debate in Houston on Thursday with trimmed-down lineup
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The Department of Justice has sent a package of legislative proposals on gun violence to the White House, a person familiar with the matter told Fox News, as the debate rages over how lawmakers and the president should respond to a recent spate of deadly mass shootings. The White House has had the proposals for two weeks, according to the source, but has not yet sent anything … See More along to Capitol Hill. It was not immediately clear what proposals are included in the DOJ package.
Safety deficiencies suspected in dive boat fire after preliminary investigation: report
And about ‘Sharpiegate’ …
DOJ sends gun legislation package to White House as debate rages over mass shootings
August jobs report to be released
Robert Mugabe, longtime ruler of Zimbabwe, dead at 95
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Hurricane Dorian weakens as Florida braces for impact; Bahamas devastated, death toll rises
Coast Guard releases chilling footage of … See More deadly scuba boat fire
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Since the GoFundMe page collecting money for President Donald Trump‘s border wall continues to collect millions of dollars, a few new pages have been set up in response to it. The page “Ladders to Get Over Trump’s Wall” has raised more than $120,000 as of Saturday afternoon, and despite the name, it’s not actually raising money to buy ladders. It is raising […]
CPAC (Conservative Political Action Conference) is an annual conference/celebration event that is an essential part of the right leaning person’s celebration of their political leanings. One of the greatest facts is that CPAC is an event that keeps growing, with attendance topping the 10,000 marks in recent years. Ultimately, CPAC is a lively four-day […]