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.
In a 56-page ruling Thursday, U.S. District Judge Amy Berman Jackson wrote Stone had “no one but himself to blame” for his indictment, clearing the way for his trial to begin as scheduled Nov. 5. ROGER STONE’S TRIAL MAY FEATURE CLIP FROM ‘THE GODFATHER: PART II’: REPORTJackson concluded Stone was not targeted for political reasons, noting that 11 other individuals were indicted by Mueller’s request for making false statements to Congress. The judge also noted other Trump associates and family members who were not indicted after Mueller’s investigation despite their very public conservative views and open support for President Trump, Politico reported.“When he chose to take credit for the WikiLeaks release and to tantalize the public with hints that he had inside information about more to come, he chose to place himself directly in the vortex of the issues that became the focus of multiple law enforcement, counterintelligence, and congressional investigations,” Jackson wrote.Stone filed four motions to have his indictment scrapped, arguing that he was unfairly singled out during former Special Counsel Robert Mueller’s investigation into Russian interference in the 2016 election due to his outspoken support for President Trump. In order to prepare for trial, Jackson also ruled Thursday that Stone’s lawyers would be allowed the see the “bulk” of the redacted material in Mueller’s report, CBS News reported. That information was previously withheld as not to affect ongoing prosecution of the case, Jackson said. The redacted statements will not be made public. Stone was accused of obstruction of justice, witness tampering and lying to Congress under oath in an effort to mislead the House Intelligence Committee and the FBI about alleged dealings with WikiLeaks during the 2016 presidential election, Politico reported. CLICK HERE TO GET THE FOX NEWS APPA federal judge on Thursday rejected four motions from former Trump associate Roger Stone contesting his indictment on obstruction of justice, witness tampering and other charges, adding that Stone has “no one but himself to blame” for having to stand trial in November.
OrbNew York Area Fire Commissioners Want 9/11 Investigation into “Pre-Planted Explosives” The Franklin Square and Munson Fire District has passed a resolution asking for a new investigation into the events of 9/11. Commissioners for the volunteer fire department have called for a new investigation into the September 11 attacks due to the “overwhelming evidence” that “pre-planted explosives . […]
TRUMP tells George Stephanopoulos “there isn’t anything wrong with listening” to foreign info about rivals, what do you think?
Trump says he ‘would want to hear’ info on 2020 rivals from foreign governments – and outrage follows
Democrats are outraged after President Trump said in an interview Wednesday that he would be willing to listen to foreign governments if they approached him with information on a political rival. “I think I’d want to hear it. … I … See More think you might want to listen. There isn’t anything wrong with listening,” he said in an interview with ABC News’ George Stephanopoulos. Trump added he would not necessarily contact the FBI if such an approach was made, fueling Democrats’ ire. Sen. Kirsten Gillibrand, D-N.Y., a 2020 candidate for president, tweeted, “It’s time for Congress to begin impeachment hearings.”
Still, Trump supporters point out that Democrats may be hypocrites on this issue, as they failed to condemn fellow Democrats, including representatives of Hillary Clinton’s campaign and the Democratic National Committee (DNC), for funding the creation of the infamous and discredited anti-Trump “Steele dossier” by former British spy Christopher Steele. Fox News’ Sean Hannity called the Trump-Stephanopoulos interview a “nonstory” and a “genius setup”by Trump for his foes in the “media mob.” The interview was released hours after House Judiciary Committee Democrats announced that former White House Communications Director Hope Hicks has agreed to testify before the panel next week on Special Counsel Robert Mueller’s report.
Brother of ‘Shark Tank’ star Barbara Corcoran found dead in Dominican Republic hotel room
The intrigue surrounding vacation spots in the Dominican Republic deepened Wednesday with the news that Jonathan Corcoran, a retired New Jersey businessman and brother of ABC “Shark Tank” judge Barbara Corcoran, was found dead in a hotel room there in April. Jonathan Corcoran’s death was first reported by the gossip site TMZ and confirmed to Fox News by Emily Burke, Barbara Corcoran’s assistant. The revelation comes as the popular Caribbean vacation spot is making worldwide headlines with a recent rash of suspicious deaths of U.S. tourists plus the shooting of retired Boston Red Sox slugger David Ortiz. It was unclear where Corcoran stayed at the time of his death. TMZ said no one knows exactly what led to his death, though Barbara Corcoran told the outlet that she was told he had a heart attack.
Six suspects, including alleged gunman, in custody in David Ortiz shooting
Six suspects have been detained in the shooting of former Boston Red Sox star David Ortiz, including the alleged gunman, authorities in the Dominican Republic said Wednesday. Four other suspects were being pursued in the shooting, which witnesses said was carried out by two men on a motorcycle and two other groups of people in cars, the country’s chief prosecutor, Jean Alain Rodríguez, told a news conference. Authorities identified the alleged shooter as Rolfy Ferreyra, aka Sandy. Police Maj. Gen. Ney Aldrin Bautista Almonte said the coordinator of the attack also was among the suspects in custody. He claimed the man was offered 400,000 Dominican pesos, or about $7,800, to carry out the shooting Sunday evening at a popular Santo Domingo bar.
Two oil tankers damaged in suspected attack in the Gulf of Oman, crew evacuated
Two oil tankers were damaged in a suspected attack off the Gulf of Oman early Thursday, according to multiple reports. The U.S. Navy’s Bahrain-based Fifth Fleet told Reuters it was assisting two tankers in the Gulf of Oman after receiving two distress calls. “We are aware of the reported attack on tankers in the Gulf of Oman. U.S. Naval Forces in the region received two separate distress calls at 6:12 a.m. local time and a second one at 7:00 a.m.,” Joshua Frey of the Fifth Fleet said. The Fleet did not blame anyone for the attack..
Tonight: Fox News town hall with 2020 Dem Julian Castro
Fox News is scheduled to host 2020 Democratic presidential candidate Julian Castro, former Housing and Urban Development secretary, for a town hall at 6:30 p.m. ET Thursday. “Special Report” host Bret Baier and “The Story” host Martha MacCallum will moderate the one-hour event live from Phoenix.
Baier and MacCallum recently moderated similar events with 2020 hopefuls Sen. Bernie Sanders, Sen. Amy Klobuchar and potential candidate Howard Schultz. Their Fox News colleague Chris Wallace moderated a town hall with South Bend, Ind., Mayor Pete Buttigieg, who’s also in the running for the Democratic presidential nomination. Tune in to Fox News tonight at 6:30 p.m. ET.
52 years in the making: St. Louis Blues win their first-ever Stanley Cup championship
The St. Louis Blues beat the Boston Bruins 4-1 in Wednesday night’s deciding game for the Stanley Cup, to win their firstchampionship. The victory was 52 years in the making. Ryan O’Reilly scored for the fourth straight game and rookie Jordan Binnington stopped 32 shots in Game 7 of the Stanley Cup Final. Alex Pietrangelo added a goal and an assist and Brayden Schenn and Zach Sanford also scored for St. Louis. The Blues’ championship run is remarkable because it was so unthinkable just five months ago. The team woke up on New Year’s Day with the worst record in the league but then won 30 of their final 49 regular-season games and soared through the playoffs to reach the final for the first time since 1970.
12 white men sue San Francisco PD for racial, gender bias in promotions.
Nation’s first black priest, an ex-slave, may be on his way to sainthood.
‘X-Men’ director Bryan Singer to pay $150G to settle sex assault claim: report.
MINDING YOUR BUSINESS
General Motors to put $150M toward Michigan plant to ramp up production, company says.
This is how Americans spend their money based on their education level.
Top five vacation spots targetedby online booking scams: report.
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