The U.S. President claimed the value of cryptocurrencies is "highly volatile and based on thin air".
"FacebookLibra's "virtual currency" will have little standing or dependability".
According to the POTUS, Facebook has to seek a new Banking Charter, becoming subject to all national and worldwide banking regulations in order to provide financial services.
In the wake of Donald Trump's recent disparaging comments about crypto, enthusiasts have been taking the opportunity to defend Bitcoin and express their disdain for the former host of The Apprentice.
The U.S. president described cryptocurrencies as "volatile" and "unregulated" in a series of tweets published late Thursday. He warned that "unregulated crypto assets can facilitate unlawful behavior, including drug trade and other illegal activity".
The American billionaire leader has slammed the growing popularity of cryptocurrencies, stressing that digital assets only facilitate illegal activity and are made out of "thin air" - unlike, of course, the "reliable" U.S. dollar.
Follow our model for 'happy' Xinjiang, China tells West
It pointedly cites China's obligations as a member of the 47-member state forum to maintain the highest standards. While China restricts access and reporting in Xinjiang, Geng said it would welcome a visit by Michelle Bachelet.
Bitcoin did not react to Trump's anti-crypto comments, last trading almost up 1% on the day at $11,447, according to Kitco's aggregated charts.
Federal Reserve Chairman Jerome Powell spoke about Bitcoin during a Senate testimony earlier this week, where he noted that the advent of cryptocurrencies could put the USA into a new era of banking.
Ironically, Trump has also grabbed the chance to shill the Dollars, claiming that it is "stronger than ever" as well as calling it the "most dominant currency" of the world.
His American counterpart at the Federal Reserve also broached the topic Wednesday and Thursday when testifying before Congress. It is by far the most dominant currency anywhere in the World, and it will always stay that way. There are major concerns by House Democrats, and now President Trump, that officially asked Facebook to hold its Libra layout plans as it should be investigated for its possible risks to the entire global financial system.
Just under 24 hours ago, the 45th president of the United States of America shared his thoughts on Bitcoin and cryptocurrencies via his favourite social media platform.
And earlier this month, the president downplayed concerns about how migrants are being treated at the facilities. He said they were given three hot meals a day from local restaurants, as well as juice and crackers.
The series will also star Alison Pill , Harry Treadaway , Isa Briones , Santiago Cabrera , Evan Evagora and Michelle Hurd . Star Trek: Picard provides away a little, as we would expect, considering how far away the first of the series is still.
The Al-Shabaab Islamist militant group has claimed responsibility for the blast, adding that this was a suicide attack. Outside of Kismayo, al-Shabab still controls parts of Jubbaland, a region in southern Somalia.
You can't argue with McDonald's in 1st place, though! Taco Bell : Nacho fries are back for a limited time for $1.29 per order . Regardless, National French Fry Day 2019 has plenty of deep-fried deals out there for lovers of French fries (and freebies).
On Thursday, Halep showed her more adventurous side to defeat first-time semi-finalist Elina Svitolina 6-1, 6-3 at Wimbledon . That makes me know that. she can get there again". "I plan to be the best version of myself and fight to the end".
Chevron said Tuesday it began closing five of its platforms and will start moving out all associated personnel. US West Texas Intermediate (WTI) crude futures were up 34 cents, or 0.6 per cent, at $60.54 a barrel.
The virus can only pass to humans from mosquitoes and horses do not pose any risk to humans for infection, officials said. Experts say most people who are infected have no symptoms or experience only mild, flu-like symptoms.
Several videos feature him entering businesses and berating workers, foreigners and women. "No one invited him for a bagel". When another male customer tries to get the man to calm down, that's when he really gets toasted . " It was insane.
Business secretary: 'no-deal Brexit will cost thousands of jobs'
But the former foreign secretary insisted his comments in the debate had been "misrepresented" and denied withholding his backing. Mr Johnson, in a separate interview with Neil, repeated his pledge to leave the European Union on October 31 "come what may".
Selfie addicts flock to toxic pond because the water is pretty
In recent weeks, the lake's enchanting hue has sparked a social media craze, luring scores of camera-toting visitors to its banks. Many of the Instagrammers seemed to know about the lake's content, and even made comments about the taste of the water.
Rebel Karnataka MLAs back in Mumbai
And they said whatever decision you take kindly keep us informed in the remaining portion of the day. The apex court also asked whether the Speaker had the power to challenge its order.
Supermassive's 'Man of Medan' is officially multiplayer
So sometimes you'll find yourselves in the same location doing the same thing, having a conversation, making a hard decision. Do you like the sound of multiplayer in Man of Medan? The first, of course, is the aforementioned co-op mode.
Facebook Faces $5 Billion Fine Over Privacy Disaster
The two detractors were the FTC's two Democratic commissioners, who presumably felt that the settlement was not punitive enough. In addition to the fine, Facebook agreed to more comprehensive oversight of how it handles user data , according to the people.
After Google+, Google is Working on Another Social Network
Shoelace is a hyperlocal app for organizing events and activities, called " Loops ", which makes it similar to Facebook Events. It is now available only to 'select communities' in New York City, and users must have an active Google account to sign in.
Appeals court dismisses Trump emoluments case
The Trump International Hotel is located on Pennsylvania Avenue, just four streets from the White House. The panel of three judges decided that D.C. and Maryland "lack standing" to continue with their case.
Hawaii's Maui Island wildfire forces evacuations
As of 1:40 p.m., Maui Veterans Highway remained open while Kuihelani Highway continued to be closed, Perry said. Fire officials said winds blowing 20 miles per hour and higher fanned flames across fallow fields.