Bitcoin Isnt Facebookbut Which Coin Is The Facebook?
Bitcoin isnt Facebook But which coin is the Facebook? Six Degrees was the first modern social network and it was launched in 1997. In 1999, Six Degrees was bought for $125 million during the Dot-com bubble. However, it was shut down in 2001. In 2002 Friendster, in 2003 LinkedIn and MySpace were founded. That was the time for social network sites to flourish. MySpace was getting more page views than Google by 2005. After all, among those early social networking platforms, only LinkedIn has survived with 100 million active users. In 2004, Facebook was founded, and it was the biggest of all in 2009. Today, it has about 2,000 million active users. Being successor isnt a disadvantage to become biggest of social network platforms and Facebook reached summit of social networking sites 5 years after its establishment. On the other side, being first also doesnt guarantee to being biggest or even doesnt promise to survive. Like we see in the case of those early social network sites (Six Degrees, MySpace etc.). In this respect, cryptocurrency makes no difference. Bitcoin is the first and the biggest. But how long does Bitcoin will remain at the summit of cryptocurrency mountain? Is it strong enough to endure all the challenges that continuously strike to Bitcoin. Furthermore, challenges dont always come from outside. Bitcoin has some inner problems (well talk about it) to handle. So, it is suspicious that people treat Bitcoin like it will survive forever, isnt it? Bitcoins destination may similar to Six Degrees, MySpace or LinkedIn. Who knows? When Facebook was launched, no one was whispering about it. It couldnt draw any attention for a couple of years. Likewise, maybe we arent talking about the cryptocurrency that will has largest market dominance in 5 years. Further, maybe it Continue reading >>
Mark Zuckerberg, Facebook, And Cryptocurrency
Mark Zuckerberg, Facebook, and Cryptocurrency Last week, Mark Zuckerberg, CEO of Facebook, posted his 2018 Mission statement. This mission statement has been a tradition for him at the start of every year, where he displays his goals publicly for the year. In years past, he announced that he would visit the entire country or learn Mandarin. In this years list of challenges, he includes learning about cryptocurrency as one of his goals: There are important counter-trends to this like encryption and cryptocurrency that take power from centralized systems and put it back into peoples hands. But they come with the risk of being harder to control. Im interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services. What does this mean? Does this mean that Facebook could get involved in crypto somehow? Could it mean that he could invest in cryptocurrency as a personal investment? It is too early to say. People have always made many leaps of faith about Mark Zuckerberg, including that he is getting ready to run for president . Anything is possible . Lets take a look at some of the Facebook-crypto rumors as well as Facebooks involvement in the payment space for some context. Rumor: Litecoin getting added toFacebook In December 2017, Litecoin founder Charlie Lee announced that he would be selling all of his Litecoin holdings. He explained at the time that his ownership stake placed a burden on Litecoin as a currency. Every time he tweeted about Litecoin, he felt, his words would be misconstrued, and it would affect the price. In response, financial site Zero Hedge published that the real reason for this sale was that Facebook would be adding support for the cryptocurrency: It was requested from Facebook to do it Continue reading >>
Is Facebook About To Adopt Litecoin (ltc)? Heres Whats Behind The Rumors.
January 23, 2018 By Samuel Rae 2594Views 10Comments Back in December, Charlie Lee announced on Reddit that he had offloaded his Litecoin (LTC) holdings, citing a potential conflict of interest between his continued behind-the-scenes and public activity in the space and the future of LTC from a price perspective. So in a sense, it is conflict of interest for me to hold LTC and tweet about it because I have so much influence or this reason, in the past days, I have sold and donated all my LTC. Litecoin has been very good for me financially, so I am well off enough that I no longer need to tie my financial success to Litecoins success. For the first time in 6+ years, I no longer own a single LTC thats not stored in a physical Litecoin. The market response was somewhat mixed to the development. Some suggested that his selling out of his position was a signal of a lack of faith in Litcoins long-term ability to stand up to some of the emerging coins. Others thought the opposite, suggesting his move was a sensible one and one that would allow Litecoin to develop organically, without the claims that manipulation is rife, as weve seen with many other (much talked about) coins over the last few months. This author falls into the latter camp Lees involvement in Litecoins growth was a conflict of interest in the purest sense of the phrase, so he had two choices: continue to push for the coins growth and sell his stake or back away from Litecoin and hold his stake. The former, this author believes, is much better for the Litecoin community long term. Anyway, thats not the point of this discussion. Around the same time that Lee sold his LTC stake, Coinbase announced the appointment of a Facebook executive to its board of directors. The executive is David Marcus, vice president of me Continue reading >>
Litecoin - Home | Facebook
5 Reasons Why The Litecoin Price Is Going Up So Fast. Will The LTC Surge Continue? - Forbes: Forbes 5 Reasons Why The Litecoin Price Is Going Up So Fast. Will The LTC Surge Continue? Jesse Damiani , Contributor I cover the human side of VR/AR, Blockchain, AI, Startups, & Media. Opinions expressed by Forbes Contributors are their own. Shutterstock. The LTC price is way higher than it was last weekhere's why. Over the past week ... What Is Litecoin, and Why Is It Beatin...g Bitcoin This Year?Fortune Litecoin's record week keeps goingBusiness Insider 3 reasons to doubt bitcoin, ethereum, litecoin and other cryptocurrenciesCBS News 3 reasons to doubt bitcoin, ethereum, litecoin and other cryptocurrencies - CBS News: CBS News 3 reasons to doubt bitcoin, ethereum, litecoin and other cryptocurrencies Bitcoin's euphoric rise has spread, something like cancer, into other "alt coins," pushing up the value of ethereum and litecoin, among other cryptocurrencies. Ask the regular Joe diving into cryptocurrencies via credit cards the difference between ... Bitcoin Rival Litecoin Has Rocketed 120% Since Bi...tcoin Futures Started TradingTheStreet.com Exclusive: CBOE and CME Group Rumoured to Be Mulling Ethereum and Litecoin FuturesFinance Magnates Bitcoin Price Hits All-Time High as Futures See Second-Day Slump in VolumeCryptoCoinsNews Money Morning -Investopedia (blog) -CoinDesk Continue reading >>
Google's Advertisement Ban Is Bullish, Not Bearish, For Bitcoin, Ripple, Ethereum And Litecoin
Google's Advertisement Ban Is Bullish, Not Bearish, For Bitcoin, Ripple, Ethereum And Litecoin Opinions expressed by Forbes Contributors are their own. Major cryptocurrencies like Bitcoin, Ripple, Ethereum and Litecoin do not need advertisement, because they are well-known in the investment community. So when they learned that Google had announced that it is planning to ban cryptocurrency advertisements on its websites, they turned bearish. [Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Disclosure: I don't own any Bitcoin.] In the 24 hours that followed the announcement, Bitcoin was down 3.47%, Ethereum was down 4.67%, Ripple was down 6.53% and Litecoin 1.26%see table 1. %24H Price Change For Major Cryptocurrencies Source: Coinmarketcap.com 3/15/18 at 1:30 p.m. Only five cryptocurrencies out of the top 100 advanced in the last seven days, while 92 declinedsee table 2. Number of Cryptocurrencies That Advanced/Declined In The Top 100 Ranks Source: Coinmarketcap.com3/15/18 at 1:30 p.m. Googles ban comes roughly two months after Facebook came up with its own plan to ban cryptocurrency advertising in its own website, sending cryptocurrency prices lower back then. But banning cryptocurrency advertising on the part of Facebook, Google and other websites is actually cause to be bullish, not bearish, over the long term. At least for major cryptocurrencies for major cryptocurrencies like Bitcoin, Ethereum, Ripple and Litecoin. There are a number of reasons for that. One of them is that these currencies do not need advertisement. Another reason is that the ban will help weed out scam coins from the market, and therefore, install confidence among in Continue reading >>
Facebook Will No Longer Allow Ico And Cryptocurrency (bitcoin, Ethereum, Ripple, Litecoin Etc) Promotions
Facebook will no longer allow ICO and cryptocurrency (Bitcoin, Ethereum, Ripple, Litecoin etc) promotions Social media giantwill no longer allow ad platform to be used to promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency. New Ads Policy: Improving Integrity and Security of Financial Product and Services Ads By Rob Leathern, Product Management Director Two of our coreadvertising principlesoutline our belief that ads should be safe, and that we build for people first. Misleading or deceptive ads have no place on Facebook. Weve created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency. 29. Prohibited Financial Products and Services Ads must not promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency. Please click here to learn more. Start binary options trading now and receive a 10-risk free trades bonus! Click here to learn more about our no-risk cryptocurrency that enables instant payments to anyone in the world. New ICO! Buy tokens at a 15% discount NOW! Use your retirement funds to buy Bitcoin! SEE ALSO: Ripple gets the first bank from Oman on its RippleNet platform We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception. That said, there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operatin Continue reading >>
Why Litecoin (ltc) Could Be Facebooks Chosen Cryptocurrency.
Why Litecoin (LTC) Could Be Facebooks Chosen Cryptocurrency. Facebook founder and CEO, Mark Zuckerberg a few days ago announced his plans for the year included studying cryptocurrency and exploring how it can be utilized on social media platform, Facebook. In a published post, Zuckerberg outlined his personal goal for the year (2018), with the primary goal being to fix the controversial problems within the social media platform. To achieve this goal, Zuckerberg has outlined two critical areas of technology he plans on researching and implementing in 2018, i.e., cryptocurrency and encryption. These two critical areas of technology lead to decentralized power, which Zuckerberg considers a positive direction for Facebook. Now, Zuckerberg was vague in his plans regarding cryptocurrencies, not mentioning if he plans on integrating Bitcoin as a payment option or going with another altcoin, or building Facebooks token from scratch. However, his statement has done enough to get tongues wagging in the cryptocurrency community. The news of one of the worlds most powerful companies looking to integrate cryptocurrency payment into its platform is a massive deal. Zuckerbergs interest in cryptocurrency does not represent a first in Facebooks interest in digital currencies. Back in December, David Marcus, Facebook Messenger boss (and a former president of PayPal until 2014 when he joined Facebook) joined the board of directors of cryptocurrency exchange Coinbase. Of course, all these developments point to the fact that Facebook and a particular cryptocurrency is going to be blowing up 2018 with both Facebook and Messenger set to integrating crypto pay on the platform. Back in 2015, Facebook messenger unveiled a new payment feature that allows users connect their MasterCard or Visa de Continue reading >>
Mark Zuckerberg Says Facebook To Look Into Cryptocurrency
Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Mark Zuckerberg Says Facebook to Look Into Cryptocurrency Facebook Inc. Chief Executive Officer Mark Zuckerberg gave cryptocurrency enthusiasts a little optimism for the new year. Zuckerberg referenced cryptocurrencies in a posting Thursday in which he laid out how he will spend 2018 trying to correct persistent problems - including the proliferation of hate speech and misinformation - that have dogged his wildly popular social network for the past two years. There are important counter-trends to this -- encryption and cryptocurrency -- that take power from centralized systems and put it back into peoples hands, Zuckerberg wrote. But they come with the risk of being harder to control. Im interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services. Zuckerberg isnt the only Facebook executive expressing interest in the space. David Marcus, the companys vice president of messaging products, joined the board of Coinbase Inc., one of the largest crypto exchanges, late last year. Ive been involved with, and fascinated by cryptocurrencies since 2012, and Ive witnessed how Coinbase has started democratizing access to this new asset class, Marcus said on Coinbases What all this may mean for the digital Continue reading >>
Litecoin As Payment In Facebook?
I was thinking that the surprise was going to be confidential transactions since they have been working on that for a while. This would be equally big though. Im fine either way. Just sold some LTC for ICX. Now I need to find a way to get some more LTC Well, if you think about it, you can actually send payment via Messengerso its quite possible Cant see a reason for them to make their own token since they already have stock options. Unless they make a token to tie in to FB games or something like that. If its just transferring value, why not have everything all in one place so you can spend more time on their platform? Just did a Dctv.show crypto news bit on this called TODAYS FOMO - Should you HODL that LTC for 2018??? With these few days LTC being on the run down, i am starting to think to drop it now and pick it up later, but then again what if tomorrow it will be at $500. What is your take on it HODL or let it go? With these few days LTC being on the run down, i am starting to think to drop it now and pick it up later, but then again what if tomorrow it will be at $500. What is your take on it HODL or let it go? Sell a percentage to lock in some money, but keep it just in case. If you see it going to $500 (66% growth), sell 1/3. I think Litecoin is one of the most undervalued cryptos still at $300 just think of this Bcash has a market cap 3x larger then LTC that is insane IMO. I think Litecoin is just starting to get ready for its real run when we look back in a year and LTC is $2000-$5000 and we will all wish we could load the boats at $300. the newest video is Stablecoin maybe I need to wait a bit for it to show up The implications of enabling Litecoin for Facebook payments would be HHUUUUUGGGGEEE! Mining and HODLing LTC =D It would make more sense than Bitcoin s Continue reading >>
Facebook Puts The Kibosh On Any Near-term Cryptocurrency Partnerships
Facebook Puts the Kibosh on Any Near-Term Cryptocurrency Partnerships If a dislike button existed, Facebook would be using it on cryptocurrencies. It was quite a month for the largest social media network in the world, Facebook ( NASDAQ:FB ). On Jan. 31, it surpassed Wall Street's expectations for what seemed like the umpteenth time when it reported fourth-quarter and year-end results. During the fourth quarter and full year, Facebook's sales rose by 48% and 49%,respectively, all while income from operating increased by 61% and 63%, respectively. With sales growing faster than costs, Facebook's margins continue to expand and surpass even the loftiest Wall Street estimates. Even more impressively, Facebook ended the year with 2.13 billion monthly active users, of which 1.4 billion were active on its site daily. It also saw 89% of its advertising revenue derived from mobile devices during the fourth quarter, up 5 percentage points from the year-ago period. Facebook is interacting with more people than ever, and given the fact that it owns four of the seven most visited sites and apps -- Facebook, WhatsApp, Facebook Messenger, and Instagram -- its sphere of influence is growing. Facebook puts its foot down on cryptocurrency ads Of course, this also means that Facebook has the opportunity to quash up-and-coming ideas and technologies that don't align with its growth plan. On Jan. 30, Facebook announced that it would be banning all cryptocurrency-related advertisements , which includes anything and everything related to bitcoin, as well as initial coin offerings, which are like initial public offerings of stock except for new virtual tokens. Rob Leathern, Facebook's product management director, said, "We've created a policy that prohibits ads that promote financial products Continue reading >>
Is This Why Charlie Lee Sold His Litecoin?
Is This Why Charlie Lee Sold His Litecoin? The news broke yesterday morning that Litecoin developer and outspoken founder, Charlie Lee, sold or donated all of his liquid Litecoin holdings. This prompted a big sell-off in the cryptocurrency markets, putting on pause the bounce off of the previous nights bottom below $16000 for Bitcoin. This comes in the wake of Coinbase adding Bitcoin Cash (BCH) to its stable of coins available for purchase, which also sent shockwaves through the markets. In his post on reddit, Lee explained that he felt his ownership stake was actually a burden on Litecoins development as a real-world medium of exchange: And whenever I tweet about Litecoin price or even just good or bads news, I get accused of doing it for personal benefit. Some people even think I short LTC! So in a sense, it is conflict of interest for me to hold LTC and tweet about it because I have so much influence. I have always refrained from buying/selling LTC before or after my major tweets, but this is something only I know. And there will always be a doubt on whether any of my actions were to further my own personal wealth above the success of Litecoin and crypto-currency in general. The market reacted negatively to the news but only for a short time. Litecoin under Lees direction has been setting itself up as the day-to-day cryptocurrency. One that is easy to use, cheap, fast and easy to pay with. But, as a commenter on the Zerohedge article on this event pointed out, quite astutely: It was requested from Facebook to do it so that he cant be accused of personal interest, decision bias with regards to the LTC ecosystem development. Facebook is preparing the big announcement that they will introduce support for Litecoin as payment channel. Digital currency exchange startup Co Continue reading >>
Did Charlie Lee Sell His Litecoin Because Of Potential Facebook Partnership
Did Charlie Lee Sell His Litecoin Because of Potential Facebook Partnership Written by Gabrijel erjak on December 22, 2017 Yesterday morning the news broke; Litecoin developer and outspoken founder, Charlie Lee, sold or donated all of his liquid Litecoin holdings. This prompted a big sell-off in the cryptocurrency markets. And crashing the marketfrom more than 600 bin to as low as 480bin accordingto TheCoinmarketcap. More and more Cryptocurrencies are coming to Coinbase adding Bitcoin Cash (BCH) to its stable of coins available for purchase. This also sent shockwaves through the markets. In his post on Reddit, Lee explained that he felt his ownership stake was actually a burden on Litecoins development as a real-world medium of exchange: But, as a commenter on the Zerohedge article on this event pointed out, quite astutely: It was requested from Facebook to do it; so that he cant be accused of personal interest, decision bias with regards to the LTC ecosystem development.Facebook is preparing the big announcement that they will introduce support for Litecoin as payment channel. Digital currency exchange startup Coinbase has announced the appointment of a Facebook executive to its board of directors. In joining the board, David Marcus, vice president of messaging products at Facebook, will bring years of experience in building large-scale mobile products, according to a Coinbase statement posted yesterday. And Litecoin, among the major cryptocurrencies, has a unique position to be that currency for Facebooks digital payment platform; as it fills out its road-map into 2018. Market manipulation and fraud are going to be a big deal in this space going forward. The temptation to cash in and scam people is simply too high not to try and game the system to individuals advanta Continue reading >>
Charlie Lee [ltc] (@satoshilite) | Twitter
This timeline is where youll spend most of your time, getting instant updates about what matters to you. Hover over the profile pic and click the Following button to unfollow any account. When you see a Tweet you love, tap the heart it lets the person who wrote it know you shared the love. The fastest way to share someone elses Tweet with your followers is with a Retweet. Tap the icon to send it instantly. Add your thoughts about any Tweet with a Reply. Find a topic youre passionate about, and jump right in. Get instant insight into what people are talking about now. Follow more accounts to get instant updates about topics you care about. See the latest conversations about any topic instantly. Continue reading >>
Is Facebooks Ban On Crypto Ads In Anticipation Of A Litecoin Integration
Daily Stock and Options Tips & Updates; Get Our Daily Newsletter Here Phil/ et al- Thanks for the answers to my spread questions last night, as I really needed that little piece of knowledge to crystallize my understanding of spreads. Your help is much appreciated and I have been doing really well for the last couple of months with fewer and fewer missteps as I embrace the PSW ways and watching my portfolios grow. I have learned more about options in the past 2 weeks as a full PSW member that the previous 5 yrs of making more bad than good option plays. The educational material alone is worth several times the price of admission. I have had an expensive education on what not to do- what is past is past- I am looking forward to profitable/fun future. PhilKilled it tonight trading copper. Anyone who jumped in right after election is up about 75k on one contract!Thanks Phil - Thanks for the welcoming gift of the POT at a buckJust paid for this month and my membership is not even 24 hours old!looking forward to many more - bk Phil, I don't know if I told you lately but you da man! I'm doing so much better following your guidelines. It's like you actually know what you are talking about. 8-) I've tried a lot of services and none of them are as comprehensive or honest AND successful. I appreciate all youz other guys/gals input as welllearning tons as a relative newbie to this game. Phil: That NFLX call was awesome. The speed at which NFLX options decayed was precipitous. The blow out spike that allowed me to double and roll my callers to 190(!) and the ridiculous 170 weeklies @3.50 a day away from Op-Ex. The gains I realized in that trade floored me when I took a long at my portfolio value on Friday. What a great way to start the 3rd Quarter. Phil, I'm up 34x what I paid in Continue reading >>
What Does Facebooks Crypto Ad Ban Mean For Litecoin
The crypto-sphere is full of hearsay and rumor. If nothing else it keeps hopes high in times of adversity, such as right now. Altcoins can go up on a shill or a pump from a whale, and back down on the spread of FUD across social media. It is unlike any other market and is driven largely on impulse at times. Because it is still an embryonic industry, connections can be drawn between large established companies, cryptocurrencies, and potential blockchain adoption. Crypto-land vented with speculation when Charlie Lee sold off his Litecoin stash and hodlers were left wondering how the coin would survive without its master. Litecoin erupted in December shooting up over 300% in just over a week. It topped out at around $370 and has been on a downward slide ever since shedding over 60% in the process. According to ZeroHedge , there were accusations of insider trading since Lee was the former Director of Engineering at Coinbase. He has vehemently denied any of this, stipulating that the sale was to avoid any potential conflict of interest with any other companies that may be looking at Litecoin adoption. Lee obviously made a bucket load of cash from the selloff but can now Tweet away with impunity. Additionally, Litecoin started its downward spiral just after Bitcoin Cash was added to Coinbase. Both BCH and LTC are improved versions of BTC in terms of transaction speeds and costs. Litecoin, Coinbase, and Facebook Connecting the Dots About the same time as Lees cash out, Coinbase announced the appointment of Facebook executive David Marcus to their board of directors. Marcus was head of Messenger at Facebook and President of Paypal prior to that he has plenty of experience with mobile-first tech. Following that, in early January, Mark Zuckerberg posted that he is looking into c Continue reading >>