Politics: Trump knocks Bitcoin, Facebook cryptocurrency: 'Not a fan' - PressFrom - US

PoliticsTrump knocks Bitcoin, Facebook cryptocurrency: 'Not a fan'

04:20  12 july  2019
04:20  12 july  2019 Source:   thehill.com

Bitcoin consumes more energy than Switzerland, according to new estimate

Bitcoin consumes more energy than Switzerland, according to new estimate Though researchers acknowledge that reliable estimates are ‘rare’

Facebook is banning all ads that promote cryptocurrencies , including bitcoin , in an effort to prevent people from advertising what the company is calling Ads that violate the company's new policy will be banned on Facebook 's core app, but also in other places where Facebook sells ads, including

Facebook Payments is no blow to Bitcoin as Forbes recently published. It doesn't even compete with Bitcoin to be trustless, decentralized, and peer to peer. First of all news of FB Coin hasn’t scared the price of BTC down, so the money doesn’t think news of Facebook ’s cryptocurrency for its message

Trump knocks Bitcoin, Facebook cryptocurrency: 'Not a fan'© Getty Images Trump knocks Bitcoin, Facebook cryptocurrency: 'Not a fan'

President Trump took aim at various cryptocurrencies including Facebook's newly-announced Libra on Thursday just hours after concluding a social media summit at the White House which involved numerous far-right personalities.

In a series of tweets, the president wrote that he was "not a fan" of digital currencies such as Bitcoin, which are not backed by the central banks of any country, calling them avenues for potential misuse or criminal activity.

House lawmakers officially ask Facebook to put Libra cryptocurrency project on hold

House lawmakers officially ask Facebook to put Libra cryptocurrency project on hold ‘These vulnerabilities could be exploited and obscured by bad actors’

The Facebook boss is a big fan of cryptocurrencies , but his own website just banned all advertisements for Bitcoin and all other digital coins. While it may seem like an odd choice to ban Bitcoin ads, one expert told The Sun that it's " not a surprising move" at all. Getty - Contributor.

Facebook boss Mark Zuckerberg has previously expressed interest in cryptocurrency and the blockchain technology that bitcoin popularized. “I’m not a big believer in bitcoin ,” Mr Cohn said. “I am a believer in blockchain technology.” Previous speculations about what Facebook might do with

"I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity," the president tweeted Thursday evening.

"Similarly, Facebook Libra's "virtual currency" will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National and International," he continued.

"We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable," Trump went on. "It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!"

Dwayne Johnson and Other Stars Shaken by 'Loooong' 6.4 Earthquake in Southern California

Dwayne Johnson and Other Stars Shaken by 'Loooong' 6.4 Earthquake in Southern California A 6.4 magnitude earthquake shook Southern California around 10:30 a.m. on the Fourth of July, according to the U.S. Geological Survey. The quake's epicenter was near Searles Valley in the Mojave Desert, which is northeast of Los Angeles County. Some celebrities immediately took to Twitter following the quake, including Ava DuVernay, Michael Chiklis, LaToya Jackson — even "The Walking Dead." "Been living in Los Angeles all my life. That was the longest earthquake I've ever experienced," DuVernay tweeted. "Not jerky. Smooth and rolling. But it was loooong. It was so long I thought for the first time ever 'Is this the big one?' Damn. Respect Mother Nature. She's the boss.

Head of Facebook cryptocurrency project David Marcus said he's a big fan of bitcoin and Libra isn't designed to compete directly. Facebook cryptocurrency vs Bitcoin : different uses. Marcus, who was former president at PayPal, claims Libra is a better digital cash and payment system, while

Bitcoin P2P Cryptocurrency . Facebook is showing information to help you better understand the purpose of a Page. See actions taken by the people who manage and post content.

Facebook's Libra, which is actually controlled by a Swiss nonprofit but will be accessible through a virtual wallet controlled by one of the company's subsidiaries, is set to launch next year. It would allow users to send and receive currency through the system, while the cryptocurrency itself is backed by Facebook and several other major corporations.

The tweets came Thursday after the president invited several right-wing media figures to the White House for a social media summit, where the group heard about the White House's proposed "regulatory and legislative solutions" to stop supposed bias against conservatives on Facebook and other platforms.

"We have terrible bias, we have censorship like nobody has any understanding or nobody can believe," the president said Thursday.

Trump knocks New York Times for report on border facility.
President Trump on Sunday morning attacked the New York Times for reports on unsafe and squalid conditions in migrant detention centers at the U.S. border with Mexico. "Friday's tour showed vividly, to politicians and the media, how well run and clean the children's detention centers are. Great reviews!" Trump tweeted Sunday following a visit to a facility near McAllen, Texas, by Vice President Mike Pence and several Republican senators. "Failing @nytimes story was FAKE! The adult single men areas were clean but crowded - also loaded up with a big percentage of criminals," Trump added, citing no evidence.

—   Share news in the SOC. Networks

Topical videos:

usr: 1
This is interesting!