[inaudible conversations] [inaudible conversations] the committee will come to order. This morning we will receive testimony from sec chairman and cftc chairman carlo with the Virtual Currency and the oversight connected by their two agencies. Welcome. Virtual currencies are meant to act as a money to be traded with the online exchanges such as dollars used to purchase goods or services predominately online. Additionally developers and individuals are selling one selling virtual coins also known as the ico to raise capital over the last year Many Americans have become increasingly interested in Virtual Currency given the rays of valuation with bitcoin it broke the 1000dollar barrier and then peaked december 2017 and almost 20000 as of this morning trading at roughly 6900. Today the market capitalization is roughly 115 billion. This is an incredible rise given in 2013 when this committee had subCommittee Hearings the total value in circulation was approximately 5 billion. As Virtual Cur
Lorenzo river mouth and fair amount for the next four days. The beach itself is open. Steve lawson was kayaking when he looked down to see the shark bite the front of his kayak, flipping him into the water. Lawson says he has never seen anything like this in his 25 years of kayaking. Park patrol came right out, helped me. Never saw the shark again. Im sure it was a mistake on his part. Im sure hes saying, hey, i lost a tooth or something. Santa cruz p. D. Tweeted out this photo. Lawson says he has no plans to stop kayaking despite the close encounter. Scary. Federal agents have settled in on oaklands valdez street, the scene of last weeks 4 alarm fire. The Atf National Response Team arrived yesterday. Its 22 members include explosive specialists, Fire Protection engineers, chemists and forensic mappers. They say they assume nothing and theyll follow the evidence wherever it leads. Today oakland mayor libby schaaf told abc7 news shes going to push forward with Safety Measures while this
Possible overnight with a low in the middle 50s. Mostly cloudy tuesday with scattered showers and a high around 70. We have a better chance for showers and thunderstorms wednesday as a cold front crosses. Highs will drop into the 50s thursday. Tonight increasing clouds. Few scattered showers overnight. Low 54 dewpoint 50 wind se 510 mph tuesday a mix of sun and clouds, with a few scattered showers. High 70 dewpoint 51 wind s 515 mph new this morning four families displaced by a fire in milwaukee overnight. People. Angelica joins us from the newsroom with the latest. Crews responded to a twoalarm fire last night near 4th and concordia. And neighbors rushed to help get the family out of the home. This happened after 10 30. Officials not saying much at this point. But a neighbor says she helped get an elderly woman out of one of the burning homes. As soon as i saw the flames i shot through the house and made sure everyone was out. So as soon as i entered things were disabled in a whelchai
Weekend. Today morning showers then partly sunny. High 72 dewpoint 53 wind s 515 mph tonight partly cloudy. Low 58 dewpoint 52 wind ssw 515 mph angelica adlibs traffic red on traffic map major delays yellow on traffic map some delays green on traffic map no delays 19 people are forced to evacuate. After a house fire in milwaukee. One neighbor says she jumped into action before First Responders arrived. To help rescue people fourth and concordia with more the neighbor tells us her only thought was to help people inside. Including an elderly person in a wheelchair. Who couldnt make it out on their own Megan Ortmeyer says she lives across the street from the home that caught fire near fourth and concordia. This was around 10 30 pm she says the fire spread to the house next door. A red cross volunteer are assisting 19 people from four different families. Ortmeyer says she was cooking at home when she heard someone yelling fire. She says she ran across the street and broke down a door to he
They wish they didnt have to honor because that means an officer lost his life. A couple of officers dropped off this police motorcycle. Its not that of officer michael capperman but similar, saying that im going to miss him. There is a tribute to the 34yearold who was a husband and father of two young sons. Around noon, a smaller procession to a fun mall roam in the area, a very heavy scene. He was on duty when a driver of a minivan turned left and he later died at the hospital. You personalize it and think about the men and women in my Police Department and think about how devastating that would be. It pulls on your heartstrings as they go through this very difficult time. We were here about 14 months ago for the death of officer johnson. And its very sad to be here today. Reporter the police chief met with San Jose Police chief eddie garcia for a month in the department. Mostly personal talk. When plans are made for the funeral, they will offer their support so the officers can go t