Bitcoin Whipsaws On Fake Tariff Bombshell News
Speculation over a purported White House plan to pause tariffs for ninety days on all countries except China sent markets into a frenzy earlier today, triggering abrupt price reversals across equities, Bitcoin and cryptocurrencies. In a quick-fire series of conflicting updates, the rumor initially floated at around 10:10 AM ET, sparked momentum in risk assets, and was eventually deemed “fake news” by the White House. The Kobeissi Letter (@KobeissiLetter) described the chronology on X, noting: “What just happened? At 10:10 AM ET, rumors emerged that the White House was considering a ‘90-day....
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Blockchain technology implemented in the media industry will help to prevent fake news from spreading. Fact-checking agencies are in charge of verifying facts and claims in the news that may be distorted in the process of rewriting or for any political purposes. The news text may consist of truthful information written in a neutral format peculiar to the news, but one sentence may contain a false fact or claim whose origin is unknown. In addition, the state itself has begun to produce false information, as was the case with former U.S. President Donald Trump’s famous Twitter account.The....
Rather than responding to existing fake news, this solution prevents imposters, a type of fake news story that appears to be from a legitimate news agency. With the United States Presidential Election set for next month, the concern over fake news has once again dominated public discourse. Fake news — the deliberate spreading of verifiably false information under the disguise of being an authentic news story — not only undermines the public’s confidence in the free press, it inflames social conflict, can result in health hazards (like swallowing bleach in an attempt to avoid COVID-19),....
As the dust settles on Tesla withdrawing Bitcoin as a payment option, the community is awash with speculation over what happened. On that, Bitcoin-bull Anthony Pompliano chimes in with a theory that yesterday’s bombshell was the beginning of an elaborate ruse to usher in new technology from Tesla. Pompliano Gives His Take On The Bitcoin […]
"The shitpost is mightier than the thinkpiece." That's a quote a friend says he saw in the news once, though I can't find it. He swears he didn't make it up. But it's not out there on the Internet it seems, and if it is, it's lost in the millions of tweets, texts and tumblrs. That's the way the truth is these days, lost in the pages upon pages upon pages... It's concerning, this degradation of truth that has come as content has migrated from newsprint to digital platforms. Just because something seems (or sounds) true doesn't mean it is. Like the quote, fact-based content seems....