Infrastructure

“Facebook has data on billions of people and has repeatedly shown a disregard for the protection and careful use of this data,” said Waters. “Given the company’s troubled past, I am requesting that Facebook agree to a moratorium on any movement forward on developing a cryptocurrency until Congress and regulators have the opportunity to examine these issues and take action.”
OAN Newsroom
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.

“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.


OAN Newsroom
UPDATED 10:49 AM PT — Friday, August 30, 2019

President Trump moved to replace the fencing along the San Diego border earlier this year as his administration sped up moves to build taller, stronger border reinforcement. During the State of the Union address, the president stated CBP agents are the ones who see how the wall is helping mitigate the crisis at the border first-hand.
Numerous wall construction projects are underway across the Southwest border, including projects in California, Arizona, New Mexico and Texas. pic.twitter.com/43OrCdw8J2
According to California Border Patrol agents, new infrastructure in an area known as “smuggler’s gulch” is making a difference. On Thursday, the agent in charge — Justin De La Torre — stated a steep, open canyon between Tijuana and San Diego has been used for decades by immigrants attempting to smuggle drugs into the U.S. from Mexico.
Workers break ground on new border wall construction about 20 miles west of Santa Teresa, New Mexico, Aug. 23, 2019. The wall visible on the left was built in 2018 with money allocated by Congress, while the new construction is funded by money reallocated from Department of Defense funding. (AP Photo/Cedar Attanasio)

“It has an anti-climb feature, it’s made of steel, it also has a concrete base that prevents digging from underneath, and now we’re able to control this area with the new infrastructure,” he stated.

De La Torre added, the agents who patrolled “smugglers gulch” in the past only had a fence made out of landing mat to aid security efforts. He said the fence helped, but it was easy to climb.
Border officials stated they are continuing their efforts to construct several miles of wall along the southwest border. The CBP confirmed several wall construction projects are underway in California, Arizona, New Mexico, and Texas.
— CBP (@CBP) August 25, 2019


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