Facebook is creating a cryptocurrency to use on WhatsApp says report

first_img 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 Appslast_img read more

DLF pares GIC debt by Rs 3100 crore plans to clear all

first_imgDLF logoWikimedia CommonsReal estate giant DLF has repaid Rs 3100 crore of debt to its venture partner GIC by transferring Noida shopping mall and some land parcels. DLF owed about Rs 8,700 crore to DLF Cyber City Developers LTD (DCCDL), which is a joint venture between DLF and Singapore sovereign wealth fund GIC. With the latest transaction, DLF’s debt has come down to about Rs 5600 crore as of July 2019.In an investor presentation, DLF clarified that it has transferred the Mall of India project in Noida, worth Rs 2950 crore, to DCCDL. The Economic Times also reported that the company also added that it has transferred 3.05 acres of land parcel in Gurugram to the Singapore-based firm. Representational ImageINDRANIL MUKHERJEE/AFP/Getty ImagesThe joint venture between GIC and DLF was signed in December 2017 when DLF promoters sold 40 percent of their stake in DCCDL to GIC for about Rs 1,200 crore. The deal included the sale of DCCDL’s 33.34 percent stake to GIC for about Rs 9,000 crore and the remaining Rs 3m000 crore was acquired by DCCDL through buyback.DLF holds about 66.66 percent in the joint venture firm and the remaining 33.34 percent is with GIC. The Gurgaon-based real estate giant has plans to sell prime commercial project Horizon Central in Gurugram for about Rs 850 crore, to settle the remaining debt of Rs 5,600 crore. The company also plans to transfer its mall in Saket for a valuation of Rs 1,050 crore, reported ET. Real estateThe report also stated that DLF will transfer its commercial land in Chennai for about Rs 1,000 crore. Some parts of the monetary settlement to GIC will be done by transferring SEZs at Hyderabad and Chennai as per the contract with group firm DLF Assets Ltd. The leftover debt of about Rs 7,00 will be paid in cash.DLF has reported a two-fold growth in its profit at Rs 414.72 crore for the June quarter against Rs 172.77 crore last year. DCCDL holds about 30 million sqft of commercial real estate in Gurugram that yields an annual revenue of about Rs 3,000 crore.last_img read more

Kamal for replacement of CEC Nurul Huda

first_imgDr Kamal HossainGano forum president Kamal Hossain on Sunday demanded the replacement of chief election commissioner (CEC) KM Nurul Huda with a credible person for holding a free and fair national election.”We couldn’t be happy after talking to the CEC. We demand that he be replaced with a credible person,” Kamal said while briefing journalists about the country’s overall political situation and election atmosphere at the National Press Club.He further said, “He (Huda) should be replaced not removed. I would like to tell the CEC again we’re not happy with over you. We may change our opinion reviewing your activities. We want you to work neutrally from today, no matter what you did in the past.”As per the constitution, the Gano Forum chief said the CEC should work neutrally and independently without being directed by any one. “But, we’re forced to say you’ve so far failed to demonstrate your impartiality.””I sincerely request the CEC to ask his conscience whether he is working spontaneously as per his own understanding or at the behest of anybody. Acting as per anybody’s directives by the CEC is not only a crime, but also a violation of the constitution. If you continue to do that you’ll be considered as a violator of the constitution in history,” he added.Referring to the CEC’s comment that all the arrests are being made as per his directives, Kamal asked Nurul Huda to explain with documents as to why he is issuing orders to arrest people. “Your explanation will help us examine whether your actions are justified or you’re doing those as an abettor of the government.”He also warned that they may move the court seeking remedy if the commission does not change its current attitude towards opposition.The Gano Forum chief said the wholesale arrest of leaders and activists of opposition parties is still going on which is not conducive to creating a congenial election atmosphere. “This wholesale arrest should be stopped.”Kamal said, “Police are the force of the state…they aren’t the government force. Police have to work for creating a proper election atmosphere. They must provide legal protection to opposition parties.”The eminent jurist urged the CEC to tell the police to help create a proper election atmosphere so that all candidates can reach out to their supporters and carry out their election campaigns with equal opportunities.He said the government is making it impossible to hold a neutral and credible election with its ‘undemocratic’ activities and ‘wholesale’ arrest of opposition leaders and activists.Kamal said they are waiting with eagerness to witness a fair and acceptable election where people, the country’s owners, will get a chance to exercise their right to franchise freely.Showing a photograph, he strongly criticised the police for the way they arrested BNP nomination hopeful Monirul Haque Chowdhury.The Gano Forum president called upon media to neutrally play their role and depict the real scenario of the country as it will help create a healthy atmosphere for a fair election.He also opposed the EC’s decision on using the EVM in six constituencies and said most parties are against it.Replying to a question on seat sharing with BNP, Kamal said there is a possibility of both creating a distance and reaching a consensus over the issue. “We forged the unity for uniting people, and we all parties will field the candidates who will be acceptable to people, responsible and can play a good role in restoring democracy.”He said they will finalise the candidates of their alliance by two or three days.Earlier, in a written speech, Gano Forum executive president Subrata Chowdhury alleged that Ganobhaban, the ministers’ residences and government offices are being used for political activities by violating the electoral code of conduct. “But the election commission is playing a silent role.”He also alleged that though the administration and the law enforcers remain under the jurisdiction of the commission during the election, the opposition leaders and activists are being constantly arrested and harassed. “Even, the possible candidates are being arrested and implicated in various cases at the behest of the government high-ups. The judiciary is also being used so that the arrested people can’t get bail within a short time.”Besides, Subrata said, the ruling party candidates are carrying out election campaigns and with assistance and protocol of law enforcers and administration while law enforcers are creating obstacles to opposition candidates’ electioneering and meetings.At the beginning of the press meet, Kamal introduced slain former Awami League finance minister Shah AMS Kibria’s son Reza Kibria and former Kurigram Awami League leader retired major general AMSA Amin who recently joined Gano Forum.The duo said they joined Gano Forum to work for the country under the leadership of Kamal.At the end of the press conference, private TV channel ETV’s ex-chairman Abuds Salam joined Gano Forum.Krishak Sramik Janata League president Abdul Kader Siddiqui, Gano Forum general secretary Mostafa Mohsin Montu and Jatiya Oikya Prokriya leader Sultan Mansur were, among others, present.last_img read more

WATCH Students Rallying Around The Country Talk With PBS Newshour

first_img Share PBS Newshour  interviewed students who took part in rallies around the country, got perspectives from a teacher and examined the darker side of the response to the school shooting in Parkland.Here is their conversation: last_img