Libra

Tom Cotton Grills Facebook on Financial Blacklisting, ‘Libra’ Currency

During a recent hearing before the Senate Banking Committee, Senator Tom Cotton (R-AR) grilled a representative from Facebook about online censorship, financial blacklisting, and its Libra currency. He questioned what the progressive tech giant would do when a consumer wished to use Libra to subscribe to Breitbart News as opposed to a left-wing publication.

Sen. Tom Cotton, R-Ark., interrupts a fellow senator during a confirmation hearing of the Senate Intelligence Committee for CIA nominee Gina Haspel, on Capitol Hill, Wednesday, May 9, 2018 in Washington. (AP Photo/Alex Brandon)

Trump Faces Backlash from Base over Bitcoin

President Donald Trump faced a backlash from his online supporters last week after he condemned the Bitcoin cryptocurrency as “highly volatile” and a facilitator of illegal activity. Trump called for Facebook’s new “Libra” cryptocurrency to be regulated like a bank.

US President Donald Trump boards Air Force One departing from Andrews Air Force Base in Maryland on July 12, 2019. - Trump is traveling to Milwaukee, Wisconsin and Cleveland, Ohio. (Photo by MANDEL NGAN / AFP) (Photo credit should read MANDEL NGAN/AFP/Getty Images)

Facebook Reveals ‘Libra’ Cryptocurrency Will Be ‘Governed’ by Switzerland-Based Coalition of Elites

Facebook plans to launch its own currency named Libra in 2020. The Silicon Valley Masters of the Universe have unveiled more details about how the currency will operate, including a promise of privacy for its user, and the fact that the currency will be “governed” by the “Libra Association,” a group of Mark Zuckerberg’s fellow elites based in Switzerland.

Facebook's privacy move: major pivot or headfake?