‘Coordinated media FUD' about Bitcoin from Financial Times to Fox Business
In light of Bitcoin’s recent price rally, mainstream media has started to cover the industry again, but remain unconvinced it's a true store of value. Mainstream media outlets are finally reporting on the recent rally that saw Bitcoin creep close to its all-time high — but some commentators appear to be determined to spread FUD.Two articles released within hours of each other earlier today — a Financial Times editorial titled ‘The elusive promise of Bitcoin,’ and a Fox Business piece called ‘Bitcoin no match for gold in coronavirus world’ — state that Bitcoin does not live up to its....
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Whenever I need a laugh, I read a mainstream publication's assessment of Bitcoin, from the outside looking in. Many are merely mouthpieces, printed microphones for the current ruling global elite. They tell the masses what to believe, give them ten percent of the story, from the current ruler's purview, and then call it a day. Television, print media, cable, it's all the same. And that's why ad revenue, viewership, and circulations are dropping in mainstream media worldwide. The smart investment for your media time is online, alternative media, like CCN, for example. Things here will....
A controversial article on Financial Times calls Bitcoin a pyramid scheme. One of the leading financial media outlets just called Bitcoin a grand pyramid scheme. It doesn’t come as a surprise as it’s common among mainstream media outlets to sensationalize news to gain more readership. Bitcoin is an ideal topic to do just that. The increasing Bitcoin price in the recent days has pushed the popular cryptocurrency into the limelight. As the cryptocurrency’s price crosses $1000, Financial Times has assigned a new value — $0. The author, in a conflicting, self-contradictory piece compares the....
Blockchain, the world’s most popular Bitcoin wallet service provider, has been named in the Virgin Media Business Disruptor 10 this week as the only Bitcoin startup amongst the 10 innovative new market targeting companies. The Disruptor 10, which lists the top 10 most disruptive UK private companies, was revealed at the 20th anniversary of Fast Track, an event hosted in association with the Sunday Times, Virgin, HSBC, UBS, BMW and other multi-billion dollar financial institutions and corporations. Virgin Media Business Managing Director Peter Kelly stated: “Disruptors like Blockchain are....
Chinese media outlets have been issued censorship instructions by government authorities, mandating that no coverage be provided for the upcoming Global Bitcoin Summit, a Beijing-based digital currency conference to be held this weekend, 10th-11th May. The instructions, leaked online by California-based media outlet China Digital Times, provide evidence that the Chinese government is looking to limit information on bitcoin in the media. Perhaps most notably, however, the released statement suggests new guidelines for domestic reporting on bitcoin in the future have also been issued: "All....
Investors are contemplating what next following the market correction, which saw Bitcoin drop as low as $29k. Many pin the events of yesterday on FUD, whether Elon FUD, China FUD, or OCC FUD. However, an “insider” on anonymous board 4Chan claims it was a coordinated attack by an unnamed firm connected to the Chinese government. […]