Real fake news: Libra spawns fakes, including on Facebook too!

A barrelful of phonies offering or repping Facebook’s Libra currency appeared right onto Facebook’s own platforms,. Talk about fighting to reestablish trust and protect against any fraudsters likely to surround the Libra financial system.

A dozen ror more fake accounts, pages and groups scattered across Facebook and its giant Instagram introduce themselves as official hubs for the digital currency. The spread of knockoffs — and Facebook’s inability to detect them on its own — could undermine Facebook-backed efforts to inspire confidence and satisfy the regulators now scrutinizing the newly proposed global currency. Many of the fakes included Facebook’s logo, photos of Facebook chief Mark Zuckerberg, Sandberg or Libra’s own logo..

Hold Everything! Trump Just Made Bitcoin A 2020 Election Issue

Like the way the US was stunned the day the Japanese attacked Pearl Harbor, the bitcoin and crypto universe has been staggering after U.S. president Donald J.Trump unleashed a scathing sneak attack on bitcoin and cryptocurrencies, calling them "unregulated crypto assets" and based on "thin air."

The bitcoin price rose slightly following Trump's comments as bitcoin traders and investors bet that Trump's acknowledgment of bitcoin will bring greater awareness of crypto and push prices up. But more importantly, Trump has inadvertently catapulted bitcoin and cryptocurrencies into a presidential issue and given valuable recognition to the burgeoning bitcoin technology—with some 2020 U.S. presidential election hopefuls already bitcoin and cryptocurrency fans.

Believe Facebook? Libra Crypto Users Won’t Have to Trust Us

Facebook’s Dave Marcus addressed a number of issues that have been raised by lawmakers and informed observers alike...Perhaps most importantly, he talked about the widespread distrust of Facebook given the Cambridge Analytica deal, 2016 election interference and other screw-ups.

If you can swallow the official line that you won’t have to trust Facebook to get the benefit of Libra, see if you don’t choke over the next Marcus proposition

“And Facebook won’t have any special responsibility over the Libra Network. ….We’ve been clear about our approach to financial data separation and we will live up to our commitments and work hard to deliver real utility.”

Bitcoin Could Ruin U.S. Control Of Global Currency Reserves

Post WWII world wide acceptance of USD led to the exponential rise of the United States, which has carried over to date.. However, after 75 years of its dominance, the USD has met its fiercest rival in Bitcoin. Bitcoin is based on revolutionary blockchain technology. In simple terms, the technology takes off the control of authorities over the monetary system, and pass it to the users themselves. The popularity it has managed to garner over a period of time has forced government regulators like central banks, finance ministries, etc. to take them seriously and find ways to regulate them.

Nonetheless, all efforts to control, regulate, or even ban cryptocurrencies haven’t worked out. So what’s next? Adopt them! And a few countries like Russia or Venezuela, who are doing so, have found it to be a mode of liberation from the American dominance. How? Quite simple. They have found a new currency to trade with other countries and hence will no longer need the US dollar. This is what eats at DC….

https://www.cryptonewsz.com/bitcoins-btc-rise-could-damage-the-control-of-the-united-states-over-world-currency-reserves/28574/