By Mine Digital on The Capital
Welcome to the first edition of the weekly FUD, here we are talking about the biggest FUD of the week, and we are trying to clarify it with facts and truth as you know that Twitter tends to overreact and the media / news is the first to spread false news.
Binance is not based in Malta, not based anywhere the CEO says
So earlier this week, Cointelegraph dropped some news that left many people confused. Apparently, the largest stock exchange in the world, Binance, which everyone believed was based in Malta is not registered there. The claim arose following a press release from the Malta Financial Services Authority (MFSA) stating that it never approved Binance or any other exchange to operate in the country.
Confusion increases when trying to understand where it really is. As CZ said on Twitter: “We are decentralized”, this in itself is confusing, because an exchange must be regulated, the term decentralized does not mean anything to regulators.
The reality here is that Cointelegraph has taken the plunge, Malta has not issued an exchange license for anyone, Binance Holdings as an entity is registered in Malta, however, they have not received an exchange license for operate in Malta, which does not restrict their global activity. Binance has licenses in all the countries in which it operates through subsidiaries such as China, the United States and Singapore. They also have other licenses for ramps through acquisitions, such as in Australia.
Justin lies about giving Warren Bitcoin
Justin Sun had finally met Warren Buffet after blowing nearly $ 5 million for the meal. He claimed that he gave him Bitcoin and explained to him the value of the cryptocurrency and why it was not vaporware, shortly after CNN reports that Warren does not have Bitcoin or any other crypto -currency and is still not interested in it.
Obviously, social media has exploded. Based on its history of hype about news and partnerships, Twitter found it easy to believe that Justin had lied. What Twitter has forgotten is that mainstream media are bigger sources of fake news than cryptographic numbers. Udi Wertheimer only tried to defend Justin to be roasted by many, Mike Dudas reacted excessively by calling him a liar and supporter of the CSW; however, as always, the truth finally came out – unfortunately, in this case, you were wrong.
Justin did not lie, he gave warren Bitcoin, but Mr. Buffet decided to give it to charity, and that is why he no longer owns Bitcoin, it is the mainstream media that lie and push the fake news to get involved this time, not Justin.
Trace becomes a shitcoiner
I remember listening to Trace in 2012, it gave me the basics I needed to understand the value of bitcoin. He was one of the most respected names in Bitcoin, and he had made significant contributions to the thought leadership behind the fundamentals of Bitcoin. To my surprise, this week he decided it was appropriate to sell a shitcoin at a bitcoin-only event. Unconfiscatable is a major Bitcoin only event where opinion leaders discuss how to move this space forward. Trace decided it was appropriate to sell Mimblewimble Coin, there is even a report saying, “Use your bitcoin for buy Mimblewimble Coin and hold it, it will be better than Bitcoin “I am very disappointed,
I tried to give him the benefit of the doubt and find an excuse for his actions or at least let him express his side of the story, but all the evidence shows that he did and that he did has not even defended himself, which for me indicates guilt, unfortunately, it is not the first time that an opinion leader Bitcoin passes on the other side, greed can ruin anyone. Although I hope this is a misunderstanding, we all know that it looks like a duck, looks like a duck, so it’s probably a duck. Hopefully this “rumor” will be debunked.
Libra is back ????
Last year, all the talk focused on Facebook’s revolutionary idea, Libra, which many thought was dead due to regulatory pressure. Well, it seems to be coming back after big companies have pulled out of the federation, two new members were announced this week; Shopify and Tagomi. Libra has promised to make waves in this space, the mission seems to be synergistic with Shopify, as it gives people who previously had no access to Shopify due to a lack of access to banking services.
There has been talk of a change in what Libra has been trying to do, mainly around pegging the currency in USD rather than a basket of currencies. This would reduce regulatory pressure, because I think the main risk posed by Libra is to reduce the strength of the US dollar. Now, none of this is confirmed, and Libra has always argued that it would be supported by a basket that could potentially contain Bitcoin.
Libra as a concept is quite exciting, I will certainly talk about it more as I discover more, it gives a lot of validity to the space, however, the main concern has always been, do we really want the most big data miner just to have our financial data too?
https://medium.com/media/3b6b127891c5c8711ad105e61d6cc81f/href
The FUD was originally published in The Capital on Medium, where people continue the conversation by highlighting and responding to this story.
