Fed Chair Says Libra ‘Cannot Go Forward’ Until Facebook Addresses Concerns
14 July, 2019, 00:01
According to him, crypto is not money, it's based on thin air, and is highly volatile with unregulated coins facilitating illegal activities, such as drug trade.
Trump talked about the price of Facebook's upcoming Libra virtual currency, with the President saying Libra "will have little standing or dependability" adding that Facebook should work with a banking charter and get regulated like traditional financial institutions. "If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National [and international]".
After criticizing cryptos, Trump praised the US dollar as the most "dominant" currency in the world.
Despite Trump's negative views on bitcoin and the cryptocurrency space in general, the cryptocurrency community applauded his tweet over the free publicity it gave BTC.
Brian Armstrong, the CEO of Coinbase, suggested that the U.S. President needing to respond to the growth of crypto assets can be considered as an optimistic indicator for the long term survivability of the market.
Magnitude-4.6 quake in Washington felt in BC Also Friday, there was a 4.9-magnitude natural disaster in Ridgecrest, CA., and a small 2.5-magnitude quake in Mexico City. Authorities have not issued any tsunami warnings or advisories, and no serious injuries or damage has been reported yet.
Griezmann's buyout clause surpasses Messi's Though, it was only announced on Friday with Barcelona paying Griezmann's €120million release clause. He also won the Europa League, the UEFA Super Cup and the Spanish Super Cup in that time.
Federer beats Nadal to reach record 12th Wimbledon final Federer finally clinched it on his fifth match point of the match and let out a scream upon reaching his 12th Wimbledon final. In 2003 the Swiss played his first championship clash in the All England Club, now he will face Novak Djokovic on Sunday.
In early July five Democrat lawmakers sent a letter to Facebook executives including Chief Executive Mark Zuckerberg, calling on the social media giant to halt production of Libra, which is slated to roll out in the first half of next year. Both the Federal Reserve System and a separate panel called the Financial Stability Oversight Council are meeting to discuss Libra alongside global policy makers, Powell said. "Its by far the most dominant currency anywhere in the World, and it will always stay that way".
Crypto markets shrugged off Trump's tirade, with bitcoin trending up to stand at $11.618 in morning trading. In the US, Federal Reserve Chair Jerome Powell said he had "serious concerns" over privacy and money laundering.
The American public and global community, the president argued, should use the "reliable" United States dollar instead, as he called for more federal regulations of peer-to-peer financial transactions.
The ubiquity of smartphones means digital wallets for Libra could expand the use of banking, credit card services and e-commerce in developing nations.
Use of metal straws comes with potential risks particularly when used by children or mobility-challenged individuals like Elena. Elena was rushed to Southampton General Hospital after suffering the horror injuries.
The Mi A3 and Mi A3 Lite were leaked a couple of days ago, and the Mi A3 was spotted on the US FCC database as well. A 4,030 mAh battery with 18W fast charging support, and an on-screen scanner all are part of the confirmed specs.
Anderson came out in 1995 to poor reviews, but 1997s's Mortal Kombat : Annihilation was met with straight-up ridicule. A new Mortal Kombat movie is now under development and its screen writer has just confirmed that it will be R-rated.
A cranium unearthed in Greece has been dated to 210,000 years ago, at a time when Europe used to be occupied by the Neanderthals. Recent studies of early human remains have been found in the far reaches of Asia dating back further than 60,000 years.
Unlike the last three American presidents, who were wary of angering Beijing, Donald Trump has ramped up relations with Taiwan. Tsai was yesterday scheduled to attend a business forum and is today to meet students before heading to the Caribbean.
Another fierce grunt accompanied a 123mph serve into the net, but Halep was not about to be intimidated now she had come this far. Halep will need to disrupt Serena's comfort zone to have any chance of getting to slam No. 2.
While Tom doesn't have any kids, he'd be stepfather to Heidi' four children from her previous marriages. "But so far so good". Heidi Klum and Tom Kaulitz attend a photocall for the Unicef Summer Gala in Porto Cervo, Italy, on August 10, 2018.
He added that the British have "got to stop their leaking problems there just like they have to stop them in our country". Sir Nigel resigned after confidential diplomatic cables were leaked in which he criticised the Trump administration.
Blues create 14-year history in epic win
Pearce made his debut as a teenager in 2008 and then unfairly shouldered most of the blame for seven series losses. Annesley met with referees on Monday after a series of errors in round 16 which he said just wasn't "good enough".
Dragon Quest Builders 2 Shares Its Launch Trailer
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No bones found in Vatican tombs searched for missing girl
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Serena Williams Praises Meghan Markle After Wimbledon Visit
An official organising Meghan's visit claimed it had been hard , telling The Times , "It was a nightmare, she was a nightmare". And if this is a sign the rift has passed, the women's appearance together earlier this week will help confirm it.
Save $200 on 2018 Apple MacBook Air
Alongside the new MacBook Air and MacBook Pro updates, Apple has cut SSD prices across the Mac line, sometimes by as much as half. WHAT'S NOW MISSING?: Apple has now completely streamlined its MacBook range with the older MacBook Air now removed from sale.
Friends reunited as WarnerMedia names HBO Max as DTC brand
According to Business Insider , DC Universe will remain as a separate service and there aren't yet plans to roll it into HBO Max . Several other shows like " Riverdale ", "Flash" and "Dynasty", maybe on Netflix for many, many years to come.