0 See how much time you’re wasting on Facebook In May, news site Cheddar reported that Facebook was “very serious” about the possibility of building its own digital currency for secure online payments. Facebook said at the time it had a small team looking into applications for blockchain — the encryption technology behind cryptocurrencies like bitcoin — but didn’t offer specifics.Facebook still has a ways to go before its cryptocurrency is ready, according to Bloomberg. The company plans to develop a stablecoin that’s pegged to the US dollar, unnamed sources told Bloomberg, but is still working on strategy and ways to protect the value of its coin.Facebook bought encrypted messaging app WhatsApp back in 2014 for $22 billion. Bitcoin Facebook Cryptocurrency WhatsApp Post a comment Share your voice Now playing: Watch this: 1:31 Tags Facebook may be getting into the cryptocurrency game.The social network is reportedly developing a digital currency that will let users transfer money on its WhatsApp messaging service, according to a report Friday from Bloomberg. The effort will focus first on the remittances market in India, according to Bloomberg.Facebook didn’t immediately respond to a request for comment. Mobile Mobile Apps
Security forces patrol outside St. Anthony’s Church, one of the targets in a series of bomb blasts targeting churches and luxury hotels on Sunday, in Colombo, Sri Lanka, on April 27, 2019.Xinhua/A. Hapuarachchi/IANSWith Sri Lanka still reeling in the aftermath of the Easter Sunday terror attacks, the government has frozen the bank accounts of 41 terror suspects. The suspects are mainly those with alleged links to the National Thowheed Jam’aath, which was behind the suicide blasts on April 21. The blasts had killed over 250 people and injured more than 500. The blasts targeted churches and high-end hotels across the country.PTI reports that the 41 bank accounts have a total of $759,000 while $79,333 was seized from the possession of the alleged terrorists during the time of their arrest.Ruwan Gunasekara, the Sri Lanka Police spokesman, was quoted as saying by Time Online that the 41 suspects are in the custody of the Terrorist Investigations department as well as the Criminal Investigations Department.The CID is also looking into the assets of the suspects which amount to USD 30 million.A state of emergency was imposed on the island nation of Sri Lanka since April 23 and the president, Maithripala Sirisena, extended by another month on Wednesday.The Islamic State of Iraq and Syria claimed responsibility for the attack but the country has not let the NTJ due to its alleged links to the ISIS. The attack’s mastermind, Zahran Hashim found dead in a hotel after the suicide blasts. Hashim was a key operative of the NTJ as well.Two days after the bombings, the ISIS, through its news agency al-Amaq, claimed responsibility for the attack saying that it was revenge for the mosque shooting which took place in New Zealand in March. They said that the bombings were a “bloody gift to you”.
Share Happening Now: Brave Americans getting arrested in protest of the #GOPTaxScam pic.twitter.com/vVw6534Lua— Working Families Party (@WorkingFamilies) December 19, 2017___12:05 p.m.A sweeping tax package speeding its way through Congress has cleared a key procedural vote in the House.The House approved the rule to begin debating the bill by a mostly party line vote of 233-193. The House is on track to pass the bill Tuesday afternoon, sending it to the Senate for an expected vote Tuesday evening.The $1.5 trillion package would provide steep tax cuts for businesses and the wealthy and more modest cuts for middle- and low-income families. The business tax cuts would take effect in January. Workers would start to see changes in the amount of taxes withheld from their paychecks in February.The bill would nearly double the standard deduction used by most taxpayers, which those who itemize would lose some deductions.___Photo via Twitter @First_FocusHouse Speaker Paul Ryan10:27 a.m.Gleeful House Republicans are taking a victory lap ahead of expected passage of their tax package.At a news conference Tuesday morning, members of the GOP hailed the bill that would slash taxes for businesses and the wealthy while offering modest cuts for other Americans.Republicans argue that corporations, flush with cash, will create more jobs and boost the economy.Speaker Paul Ryan told reporters: “This is the greatest example of a promise being made and a promise being kept.”Ryan rejected polling that shows the bill is widely unpopular. He insisted that “results are going to make this popular.”Ryan was joined by other members of the House GOP leadership who called the day historic and praised the legislation.The House was expected to vote around 2 p.m. The Senate is expected to vote Tuesday evening.____8:45 a.m.White House press secretary Sarah Huckabee Sanders says the tax overhaul legislation facing votes today in Congress is a “huge deal for America.”Speaking on “Fox and Friends” Tuesday, Sanders said, “Today is a huge day, not just for the White House, not just for Congress but most importantly for America.”Sanders said middle class Americans will “see the biggest benefit out of this tax package.”The sweeping $1.5 trillion tax bill slashes the tax rate for corporations from 35 percent to 21 percent and reduces taxes on the wealthiest Americans, while making more modest tax reductions for most others.It’s not expected to win any Democratic votes. Speaking in front of the White House, she said Democratic lawmakers should have been “banging down the door of the building behind me to be part of this process.”____6:40 a.m.President Donald Trump is hailing the performance of the stock market as the House and Senate brace for votes that majority Republicans are confident will produce the most far-reaching overhaul of the U.S. tax code in decades.In an early morning tweet Tuesday, Trump savors what would be his biggest legislative accomplishment as president, and says “DOW RISES 5000 POINTS ON THE YEAR FOR THE FIRST TIME EVER — MAKE AMERICA GREAT AGAIN!”He also says, “Stocks and the economy have a long way to go after the Tax Cut Bill is totally understood and appreciated in scope and size.”The president adds, “Immediate expensing will have a big impact. Biggest Tax Cuts and Reform EVER passed. Enjoy. And create many beautiful JOBS!”___3:55 a.m.Their long-sought political goal within grasp, Republicans in Congress are set to catapult sweeping $1.5 trillion tax legislation through the House, rolling over a dozen GOP defectors from high-tax states.The Republicans’ final drive to deliver the tax package to an eager President Donald Trump begins Tuesday with a vote in the House. Quickly following, a vote later in the day or on Wednesday in the Senate is expected to seal the deal. Both tallies likely will cling along party lines.The Senate result was in doubt in recent weeks. Only on Friday did Republican leaders cement the needed support for the legislation, securing endorsements from wavering GOP senators Marco Rubio of Florida and Bob Corker of Tennessee. More holdout GOP senators— moderate Susan Collins of Maine and Mike Lee of Utah — came into the fold on Monday. THE LATEST on the push in Congress to pass a sweeping tax cut bill (all times local):4:50 p.m.Democrats say three provisions in the Republican $1.5 trillion tax bill violate Senate rules and will likely be removed before that chamber votes on the measure.The House approved the legislation Tuesday. But this means the House will have to vote again on the legislation once it’s been amended and approved by the Senate.Senate passage was expected Tuesday night or early Wednesday. GOP House Majority Leader Kevin McCarthy’s office says the House would reconsider the bill Wednesday morning and send it to President Donald Trump for his signature.Democrats said the Senate parliamentarian had found three items that violated Senate rules.These included one provision that would let families use tax-advantaged 529 accounts for home-schooling expenses.The problem was revealed by Vermont independent Sen. Bernie Sanders and Oregon Democrat Ron Wyden.___3:50 p.m.House Majority Whip Steve Scalise (skuh-LEES’) says the chairman of the House Appropriations Committee should retain his position even though he voted against the GOP tax overhaul, the most important vote of the year to Republican leaders.Scalise says New Jersey Rep. Rodney Frelinghuysen (FREE’-ling-hy-zehn) long ago informed GOP leaders that he opposed the bill because of its impact on high-tax states such as New Jersey. Frelinghuysen voted against the bill Tuesday, leading some House conservatives to say he should be replaced as Appropriations chair.Scalise called that an overreaction, saying Frelinghuysen is “doing a really good job in a tough position” on Appropriations.Scalise praised an emergency spending bill largely crafted by Frelinghuysen that will offer $81 billion in emergency aid to states hard-hit by hurricanes and wildfires.___3:45 p.m.A sweeping tax package speeding its way through Congress has cleared a key procedural vote in the Senate.The Senate voted 51-48 to begin debating the bill. The House passed the bill Tuesday afternoon and the Senate is expected to pass it Tuesday evening, sending it to President Donald Trump for his signature.The $1.5 trillion package would provide steep tax cuts for businesses and the wealthy and more modest cuts for middle- and low-income families. The business tax cuts would take effect in January. Workers would start to see changes in the amount of taxes withheld from their paychecks in February.The bill would nearly double the standard deduction used by most taxpayers, while those who itemize would lose some deductions___3:30 p.m.President Donald Trump is celebrating the House’s passage of sweeping Republican tax legislation on Twitter.Trump in a tweet is congratulating House Speaker Paul Ryan along with Reps. Kevin McCarthy, Steve Scalise, Cathy McMorris Rodgers and what he said were “all great House Republicans who voted in favor of cutting your taxes!”The $1.5 trillion package would provide steep tax cuts for businesses and the wealthy and more modest cuts for middle- and low-income families.The bill is now headed to the Senate for an expected vote Tuesday evening.It’s Trump’s first major legislative win to date.____2:05 p.m.The House has passed the most sweeping rewrite of the nation’s tax laws in more than three decades. The bill now goes to the Senate for an expected vote Tuesday evening.The House approved the bill by a mostly party line vote of 227-203. The bill represents the first major legislative victory for President Donald Trump.The $1.5 trillion package would provide steep tax cuts for businesses and the wealthy and more modest cuts for middle- and low-income families. The business tax cuts would take effect in January. Workers would start to see changes in the amount of taxes withheld from their paychecks in February.The bill would nearly double the standard deduction used by most taxpayers, while those who itemize would lose some deductions.___2 p.m.House Speaker Paul Ryan is hailing the Republican tax package, saying “today, we give the people of this country their money back.”Ryan was wrapping up debate on the House floor on Tuesday ahead of the vote on the $1.5 trillion tax package. It was the realization of Ryan’s years-long work on tax policy.Protesters disagreed.On woman yelled from the vistors’ gallery: “You’re lying. You’re lying. Only rich will benefit.” She was escorted out of the chamber by Capitol Police.Another woman told the Wisconsin Republican he needs to learn math.___1:50 p.m.Several protesters have briefly disrupted House debate on the tax bill, yelling, “kill the bill. Don’t kill us.”Police removed the demonstrators from the visitors’ gallery and debate proceeded, with Republicans and Democrats alternating in speaking about the $1.5 trillion package.Several Democratic lawmakers applauded. The last protester escorted out of the gallery nodded toward the Democrats and said, “thank you.” Republicans did not applaud, but several could be seen smiling.The House was expected to pass the bill shortly.Stop the #GOPTaxScam pic.twitter.com/1fzG3Afjxr— Amy Traub (@AmyMTraub) December 19, 2017