Coins

Did NYC Mayor-Elect Zohran Mamdani announce a bitcoin tax on all New Yorkers just days after the Nov. 4 election? No, that's not true: This is a made-up story with no verifiable details. The text in the post appears to be AI-generated. There are no legitimate news reports about Mamdani announcing a bitcoin tax. The story originated in a November…

Did the White House announce that the U.S. Treasury would produce official one dollar coins bearing President Donald Trump's face? No, that's not true: There is no record or reporting of any such announcement by the White House on its website or by President Trump on his Truth Social account. The U.S. Treasurer replied to a post on X that…

Is a story about a young girl named Lily getting her deceased police officer mother's police dog Max after bidding $52 at an auction authentic? No, that's not true: The text, photos and images used to tell the story on social platforms were generated by artifical intelligence, according to AI detection tools. There is no evidence of a real story…

Did President Donald Trump order the Federal Reserve to mint quarters without ridges, as was claimed in a social media post? No, that's not true: The proof the post offered was a counterfeit CNN.com screenshot. CNN, as of the date this was published, had reported no such order by Trump. Searches of the White House and Treasury websites showed no…

Was American racism engraved in its coins, with Abraham Lincoln's penny being copper because he freed the slaves and the other coins showing presidents facing the opposite direction as Lincoln, as a protest against him? No, that's not true: Lincoln was the first American president to be put on a coin in the country's history. The penny had previously been…

Does a video show helicopters from "Arab countries" flying toward Gaza in formation with their flags? No, that's not true: This video was filmed on October 4, 2023, in Veracruz, Mexico, and features an air show that was staged as part of the 202-year anniversary of the founding of the Mexican Navy. It has nothing to do with the Hamas-Israel…

If a bank "switches currency," will that void a mortgage contract? No, that's not true: A mortgage document is a legally binding contract and within it there is a promissory note that requires the borrowed amount be paid and the loan agency to accept that amount, a mortgage expert told Lead Stories. The claim appeared in a video published on…

Is the Federal Reserve's FedNow service now the primary form of currency in the United States? No, that's not true: FedNow is just an instant payment system and will not change the currency infrastructure in the United States. Rather, the service will make it easier to transfer money between entities and financial institutions. The claim appeared in a video (archived…

Can all senior citizens get a free $3,500 grocery card from Medicare in 2023? No, that's not true: Neither the government nor Medicare are offering a free grocery card valued at $3,500 to all senior citizens in the United States. The closest is a program that provides "special supplemental benefits for certain people who are chronically ill," a Centers for…

Did President Joe Biden choose a "Satan worshipper" to oversee the health of Americans? No, that's not true: Biden picked Dr. Demetre Daskalakis to serve as the deputy coordinator of a national health response team for a single disease, monkeypox. Daskalakis does have a tattoo of a pentagram -- a symbol that some associate with Satan and the occult --…