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Facebook’s Double Standards: Banning a News Platform While Preparing to Launch Decentralized Crypto

  • Yuri Molchan
    📰 News

    ⚡⛔This weekend, the team of Zero Hedge found out that Facebook had banned their links on the platform, showing censorship and a deep centralized approach


Facebook’s Double Standards: Banning a News Platform While Preparing to Launch Decentralized Crypto
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At the start of this week, online news outlet Zero Hedge (ZH) found out that Facebook has banned some of the links to its website that users had shared. The Facebook message which states that the link has been shared leads to a page saying the content goes against Facebook’s community standards.

Facebook never got in touch with the outlet to explain what exactly ‘community standard’ was violated and why all articles by Zero Hedge have been blocked.


Banned for criticizing Facebook’s censorship

Trying to figure out the reason for Facebook banning them, the news site mentions its recent articles about Facebook, criticizing the social media platform for the scandals when violation of user privacy took place, as well as regular censorship against certain user accounts and cooperation with the US government.

These stories, ZH claims, have been published over the last several weeks. Previously, there were even more articles about Facebook.

ZH has made several consequent attempts to get in touch with Facebook and clarify the reason for getting blocked, but the IT giant has so far responded to none.

Hard censorship while talking of decentralized crypto launch

Recently, Facebook founder Mark Zuckerberg wrote a post in which he said that Facebook is turning towards decentralization. Besides, it has been running a blockchain department since mid-2018. And users already for a long while can exchange messages protected by end-to-end encryption.

At the end of last year, Facebook even stated its plans to launch its own crypto coin for its WhatsApp messaging app, possibly to be used in Messenger and Instagram apps too.

Another curious detail is that in spite of message encryption offered by Facebook, there is also the option of reporting a secret message if a user who receives it believes the message goes against the Facebook community standards.

Hard censorship while talking of decentralized crypto launch

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Trying to please users and the government

Earlier, U.Today reported that many members of the crypto community on Twitter took the news of Facebook launching a coin ironically.

Many called it just another ‘data grab’ and assumed that Facebook, trying to sit on two chairs simultaneously, will implement hard KYC/AML measures for those who decide to start using the ‘Facebook Coin’.

This way the company will be able to get even more detailed user data. Taking into account that in the past Facebook was involved in a scandal with a security breach and that it widely uses targeted ads based on its customers’ personal info, people are getting more and more skeptical as to whether Mark Zuckerberg and Facebook are going to enter the crypto sphere with pure intentions and not merely to raise the company’s revenues.

Cover image via u.today
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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

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