Trump blasts Facebooks Libra cryptocurrency says US has only one real currency

first_img Now playing: Watch this: …and International. We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. 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!— Donald J. Trump (@realDonaldTrump) July 12, 2019 Facebook cryptocurrency revealed, Google puts $1B toward… Facebook Tech Industry Tags 1:21center_img Comments US President Donald Trump tweeted about Facebook’s Libra, as well as other cryptocurrencies, on Thursday night. Saul Loeb/AFP/Getty Images In June, Facebook announced its next attempt at expanding outside social media platforms: the Libra cryptocurrency. It’ll be like Bitcoin, except its value will be pegged to a basket of assets, like government securities, to make it more stable. The world is unsure of how successful or disruptive Libra will be, and on Thursday the cryptocurrency got perhaps its biggest detractor yet: the president of the United States.”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,” Donald Trump tweeted on Thursday night, before moving on to Libra in a subsequent tweet.”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].” 10 Trump ended the tweet thread by boasting of the US dollar’s dependability and reliability. The message from the president is clear: If you want to invest in a currency, ditch the crypto and look to the US dollar.Trump isn’t the only high-profile figure to question Libra this week. The head of the US Federal Reserve, Jerome Powell, reportedly told House lawmakers on Wednesday that the US’ central bank has “serious concerns” about Libra. Both the Federal Reserve System and a separate panel called the Financial Stability Oversight Council are meeting to discuss Libra alongside global policy makers, Powell also reportedly said.Libra won’t be run by just Facebook. Rather, Facebook and its partners have created an organization, the Libra Association, to manage the technical aspects of the project and work with regulators. David Marcus, who heads both Facebook’s Messenger department and the Libra project, says Facebook will be just one of many voices in the Libra Association, and won’t have special influence.”Facebook won’t have any special responsibility over the Libra Network,” he wrote in a FAQ page.Libra also has some built-in safeguards, which have been used in the real world, to make sure the value of the cryptocurrency stays stable. Facebook will build a wallet, called Calibra, though it will be a wholly owned subsidiary that Facebook says won’t share financial data with the social network.Libra is expected to launch in the first half of next year.Meanwhile, Trump’s news-making outburst over cryptocurrencies reinforces a federal court’s ruling this week that the leader of the US can’t block users on the social network, because it’s a public forum. The unanimous decision by the US Court of Appeals for the 2nd Circuit affirms the ruling made by the US District Court for the Southern District of New York in 2018 after Trump was sued for blocking users the previous year. Share your voicelast_img read more

Copa America 2019 Schedule preview TV listings live streaming and how to

first_imgArgentina midfielder Lionel Messi reacts during a shoot out against Chile in the championship match of the 2016 Copa America Centenario soccer tournament at MetLife Stadium. ReutersBrazil started their Copa America campaign against Bolivia defeating them 3-0  in the first group stage match of the tournament by a brace from Philippe Coutinho and a goal from Everton Soares. The South American giants are the host nation of this year’s edition of the Copa America. They will miss the services of Neymar as he crashed out of the tournament due to an injury.Schedule and PreviewThis is the 46th edition of the tournament and will be played out in five different cities. The tournament started on June 14 local time and the final will be played out on July 7. Japan and Qatar are participating in the tournament on invitation.This year’s tournament will be a very important one for the likes of Lionel Messi. The Argentine legend is probably going to play his last Copa this time around and he is yet to get any success for his national team so he will look forward to winning it in Brazil. The Argentine team is a collection of a mostly new bunch of players who can actually change the course of the game as they have no fear on the pitch. Lionel Scaloni, caretaker coach of Argentina will be tested n this tournament as after he came in charge after Argentina’s exit from the Fifa World Cup 2018 he was appointed as the interim coach replacing Jorge Sampaoli, this is the first time he is going to face any major task. Argentina will definitely like to win the trophy and equal the number of Copa trophies with Uruguay but they need to play as a team rather than depending on Messi. Their group consists of Qatar, Colombia and Paraguay, they will start their campaign against Colombia on June 15 local time.Host and five-time World Cup champion Brazil have also been in good form before the tournament and they had a perfect start to the tournament. They are the major title contender, this time around. Though they will miss the services of Neymar they have the like of Philipe Coutinho, Firminho, Gabriel Jesus among many who are in top form after performing well for their clubs, to carry Brazil all the way to the South American glory. Neymar is injured at this moment. EMMANUEL DUNAND/AFP/Getty ImagesOther contenders are Uruguay, former champion Chile and Uruguay. Chile is no expected to win this time around because of their poor performance in the recent past. They were even unable to qualify for the Fifa World Cup 2018 and their performance has been on the low since then. Colombia with the likes of James Rodriguez, Cuadrado and Muriel can also dream of winning the coveted trophy.The dark horse of the tournament will be Peru who defeated Australia in the World Cup and gave tough competition to France. While Uruguay can also win the tournament for the 16th time as they have been in good form in the World Cup.All in all, it will be very interesting to see Argentina legend Lionel Messi’s last attempt at winning the tournament.Global TV listings and Live streamTelemundo (U.S.)Premier Sports 1 (UK)Stream: Telemundo Deportes En Vivo, ESPN+, Premier PlayerWhere can be watched in IndiaThere has been a huge disappointment for Indian football fans as the tournament will not be telecasted in the country. Fans can watch the live stream via the Internet and also via using free VPN services.last_img read more