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“# Diem parters with Silvergate bank to launch stablecoin in the US ” Facebook-backed digital currency project, the Diem Association, has partnered with cryptocurrency-friendly bank Silvergate to launch a stablecoin pegged to the United States dollar. Diem announced Wednesday a new model of its upcoming stablecoin, relocating its main operations from Switzerland to the United…
“#Facebook’s building a playground for perverts” Forty-four state attorneys general wrote Facebook CEO Mark Zuckerberg asking him to drop plans for an “Instagram Kids” for under-13s, but the social-media giant has no shame, insisting children and parents will be better off. Better off for Facebook — which will addict kids earlier. Parents already fret over…
“#Joe’s ‘counterproductive’ vax move … and other commentary” Libertarian: Joe’s ‘Counterproductive’ Vax Move As the pandemic continues to ravage the developing world, “the Biden administration has reportedly chosen, counterproductively, to cave to the demands of progressives at home and of a group of countries led by South Africa and India” and back waiving patent rights…
“#Facebook oversight board member says site wields ‘too much power’” A co-chair of the Facebook Oversight Board that temporarily extended the ban against former President Donald Trump said Sunday that the social media giant’s rules governing content are in “shambles” and “not transparent” — and the company “exercises too much power.” Michael McConnell, a law…
“# Stablecoins present new dilemmas for regulators as mass adoption looms ” Stablecoins present peculiar challenges to regulators. Although there is no single, agreed-upon definition of a stablecoin, the common denominator of the commonly used definitions is that stablecoins are designed to maintain a stable value in relation to a specified currency, asset or pool…
“#Letters to the Editor — May 8, 2021” The Issue: A Facebook oversight board’s decision to uphold the company’s ban on former President Donald Trump. The decision by Facebook to continue banning former President Donald Trump from the platform should scare every American (“FaceBlocked,” May 6). Censorship by social-media entities is the stuff of socialist…
“#Facebook’s ‘oversight’ decision backing Trump ban shows company was out to get him” Facebook’s handpicked Oversight Board just told the social-media giant that it was OK to suspend President Donald Trump’s account, but it can’t leave the issue in limbo forever — and gave the company six more months to decide whether to make the ban permanent,…
“#Fire Chief Resigns Over Facebook Post Telling Police To ‘Stop Responding To These Black Neighborhoods’ ” Who the f**k thinks it’s OK to say something like this?! At least this guy’s job is over, though. Racism has consequences!!! Related: Sharon Osbourne Breaks Her Silence After Racism Controversy On ‘The Talk’ A fire chief at the…
“#NYC DOE official called parents who support specialized high school tests ‘bigots’” A Department of Education official lashed out at supporters of the specialized high school entrance exam, calling them “bigots” in an online screed. The accusation was leveled in the comment section of a since-deleted Facebook post of a New York Post article about…
“#Moonstruck Star Olympia Dukakis Passes Away At 89 ” Olympia Dukakis has sadly passed away at 89. The legendary actresses’ brother Apollo Dukakis announced her death in a Facebook post on Saturday morning, writing: “My beloved sister, Olympia Dukakis, passed away this morning in New York City. After many months of failing health, she is…