Facebook’s Libra reportedly losing support from early investors Guest Post, August 25, 2019August 25, 2019 Share this: Some original investors in Facebook’s digital currency project are considering leaving, the Financial Times reported Friday. Two Libra founders told the Financial Times they were worried about the regulatory spotlight that the cryptocurrency was attracting. The newspaper also said at least three early backers privately discussed separating themselves from the operation. The investors said they were concerned that the extra attention would put pressure on their other business ventures, the report said.In June, Facebook announced that it would launch a cryptocurrency run by the nonprofit Switzerland-based Libra Association in 2020. The digital currency would not be controlled by Facebook, but rather run by stakeholders that include Uber, Mastercard, Stripe, Visa, PayPal and Spotify, according to the organization’s whitepaper. The announcement from Facebook, which already has a tough track record with regulatory agencies about its privacy practices, caused an uproar from government officials in the U.S. and abroad.Libra faces a European Union antitrust investigation. And in the U.S., Congress has heard testimony from Treasury Secretary Steven Mnuchin, who said he has worries about potential illicit use of Libra. Federal Reserve Chairman Jerome Powell also told Congress he has “serious concerns ” about Libra.Facebook declined to comment, and Libra could not be immediately reached for comment. Source: Facebook’s Libra reportedly losing support from early investors Big Tech facebooklibra
Big Tech Sinister Psychosis and the Remembrance of God July 25, 2022July 25, 2022 Share this:by Fr. Zechariah Lynch Originally published on July 21, 2022 at inklesspen.blog “The progress of technology had led and is still leading to just such a concentration and centralization of power” Aldous Huxley. “Take heed to yourselves, lest your hearts be weighed down with carousing, drunkenness, and the cares of… Read More
Big Tech Trump Admin Might Use Big Tech’s Spy Hardware Like Amazon’s Alexa To Determine If You Should Own A Gun August 23, 2019August 24, 2019 Share this: Read More