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The House financial Services Committee said the “systemic risks” posed by Facebook’s cryptocurrency platform “are even more obvious in light of Facebook’s troubled past, where it didn’t perpetually keep its users’ data safe.”

House lawmakers are formally requesting that Facebook put an end to its cryptocurrency efforts—at least for now. in a letter sent to Facebook chief executive officer Mark Zuckerberg , COO Sheryl Sandberg , and Calibra chief executive officer David Marcus , the House Financial Services Committee asked Facebook and its partners to “immediately comply with a moratorium on any movement forward on Libra—its proposed cryptocurrency and Calibra—its proposed digital wallet.” Citing the cryptocurrency’s “intention” to rival U.S. monetary policy and therefore the dollar,”

Law makers said the proposed monetary system “raises serious privacy, trading, national security, and monetary policy concerns for not solely Facebook’s over 2 billion users, however also for investors, consumers, and the broader world economy.”

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American rapper 50 Cent has called out a Kiwi Mongrel Mob member’s facial tattoo on Instagram.

Hastings mobster Puk Kireka spoke to Hawke’s Bay today last week admitting he knows it’ll be hard to get a job with the prominent black and red facial tattoo that spells “notorious”.

“I are aware of it will be onerous to get a job with my tatts,” Kireka said, pointing to the mob colors which decorate his face.
The father-of-three – who joined the Mongrel Mob in 2008 – admits in the interview that he “will always be a mobster” however desires “to bring some of the others on board this better lifestyle”.

“A lot of them are still drinking and smoking. Whereas they aren’t getting into much trouble they are still wrecking their lives with their lifestyle,” Kireka stressed.

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Facebook is suing a South Korean firm it accuses of unlawfully using information to sell marketing and advertising.
The social network is asking a judge to force Rankwave to allow it to audit the firm’s activities to see if user information was obtained and potentially sold.

A source at Facebook told the BBC it was as yet unable to say how much information or how many users may be affected.
The network said the move would “send a message to developers that Facebook is serious regarding enforcing our policies”.

“Facebook was investigating Rankwave’s information practices in regard to its advertising and marketing services,” said Jessica Romero, Facebook’s director of platform enforcement.
“Rankwave failed to co-operate with our efforts to verify their compliance with our policies, which we require of all developers using our platform.”
The BBC was unable to reach Rankwave for comment on Friday.

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