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CNN

Zimbabweans say social media blocked in wake of violent protests

January 16, 2019 |

Zimbabweans said they were unable to access social media Tuesday after protests erupted over a sharp increase in fuel prices was announced by the government.
CNN.com – RSS Channel – World

Crypto Impersonation Scammers on Social Media Raked in Millions in 2018

January 15, 2019 |

Crypto Luminary Impersonation Scammers on Social Media Raked in Millions in 2018

Over the last two years, as cryptocurrencies gained mainstream attention, scammers have become far more prevalent. One particular social media scam that can be found on prominent websites like Twitter, Facebook and Instagram is the impersonation of well-known crypto industry executives and blockchain luminaries. Unfortunately even a verified account means nothing these days and these giant corporations have allowed fraudulent acts to flourish giving criminals the opportunity to rake in millions.

Also read: Analysis: Using Technical Indicators to Trade Crypto in 2019

Rampant Crypto Impersonation Continues to Plague Social Media Channels

We’ve heard all about the milestones in 2018 and all the crazy cryptocurrency market action but one thing that happened and pulled in record revenues last year was social media impersonation. Miscreants were allowed to flourish in great number, creating phony Twitter, Instagram, and Facebook profiles. They have copied profiles such as Vitalik Buterin, John McAfee, Elon Musk, Barry Silbert, Erik Voorhees, and many more. They have even cloned businesses such as the Binance Exchange, and other major cryptocurrency infrastructure providers.

Crypto Luminary Impersonation Scammers on Social Media Raked in Millions in 2018
A fake Elon Musk account scamming Twitter users for ETH on a Donald Trump tweet. Notice that another phony Elon account had liked the tweet and a fake Vitalik profile as well.

The swindlers usually present a “giveaway promotion” asking a user to send 1 ETH in return for 10 ETH but these addresses never see any outgoing transmissions. Other copycat chisellers actually pretend they are well-known individuals and message people directly asking for money in exchange for phony services. All of the major social media platforms have been riddled with impersonation scammers and even when provided with evidence of wrongdoing and proof of a verified account these corporations have yet to produce results.

Crypto Luminary Impersonation Scammers on Social Media Raked in Millions in 2018
A phony John McAfee profile scamming for ETH on Twitter.

Last February, social media cryptocurrency community member impersonators were making $ 5,000 a night in ethereum on Twitter. By the summer of 2018, it was recorded that millions of dollars worth of digital assets were taken from impersonation scams. On June 9 John Backus reported that 468 known scammer addresses collected 8,148 ETH which was worth $ 4.9 million at the time.

Crypto Luminary Impersonation Scammers on Social Media Raked in Millions in 2018
Vitalik Buterin begs the cryptocurrency community not to trust impersonators.

One particular person sent $ 18,000 to a fake Erik Voorhees account. Even the Maltese Prime Minister was impersonated by scam peddlers last August. Lots of Good Samaritan crypto users have flagged some of the known addresses with a message that says “Fake Phishing.” The CEO of Bitcoin.com and other members of the company (including the author of this post) have been impersonated by scammers on social media platforms like Instagram, Twitter, and Facebook.

Crypto Luminary Impersonation Scammers on Social Media Raked in Millions in 2018
Bitcoin.com’s CEO Roger Ver shares a list of copy cat impersonators who fraudulently use his name and profile pictures still to this day.

Verified Accounts and Evidence Does Nothing As Fraudulent Twitter, Facebook and Instagram Profiles Continue to Scam for Millions

After submitting screenshots of these malicious scoundrels in action and even sending in identification, these companies still do not delete these accounts. Last summer I had submitted daily complaints to Twitter concerning impersonators and evidence of the wrongdoing and all the platform did was send an auto-response.

Crypto Luminary Impersonation Scammers on Social Media Raked in Millions in 2018
Even though Twitter CEO Jack Dorsey (a Bitcoin supporter and Lightning Network investor) promised to get rid of these scams they haven’t stopped and impersonation is still rampant on the social media platform.

In fact, it takes weeks and help from multiple friends reporting these impersonators or otherwise, the social media giants will do nothing. Even at the end of 2018, after Twitter CEO promised users the platform would crack down on these accounts, they continued to be prevalent. Wired columnist Nicole Kobie explained the situation in great detail on Nov. 17 stating:   

Verified Twitter accounts – including Google’s G-Suite and Matalan – are getting hacked and pretending to be Elon Musk. The bitcoin scams are making thousands but why can’t Twitter do anything about them?

Instead of dealing with obvious fraudulent activities, even when users verify their accounts, the social media giants have spent millions on annoying cosmetic updates, censoring and deplatforming right-wing pundits, and sold people’s profile data to firms like Cambridge Analytics. A portion of crypto investors lost significant sums of money after last year’s digital asset market volatility, and alternatively, copycat social media profiles did extremely well scamming people.

What do you think about the fraudulent impersonation scams on social media platforms? Let us know what you think about this subject in the comments section below. 


Images via Shutterstock, Twitter, and Bitcoin.com’s CEO Roger Ver. 


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The post Crypto Impersonation Scammers on Social Media Raked in Millions in 2018 appeared first on Bitcoin News.

Bitcoin News

The Struggles and Successes of Introducing Crypto to the Unbanked: A Social Experiment in Colombia

January 10, 2019 |

The Struggles and Successes of Introducing Crypto to the Unbanked: A Social Experiment in Colombia

How cryptocurrency can help the unbanked has been a hot topic over the past 12 months. It is a laudable goal, but one that it is by no means easy to accomplish. One tech enthusiast and stablecoin startup employee, Steven Gilbert, experienced the struggles – and successes – of attempting to do so when he went to one of the poorest neighborhoods in Bogota, Colombia to encourage adoption. 

Also read: Why Colombia Has Become a Hotspot for Bitcoin ATMs

A Crypto Social Experiment

Inspired by a hurricane relief project in Puerto Rico he took part in, Steven Gilbert wanted to do something else charitable but this time related to one of his passions – cryptocurrency. Living in Colombia’s capital city of Bogota, the 30-year-old decided to help the needy in a poor, generally out of bounds area in the south of the city. There, he wanted to introduce the benefits of cryptocurrency to people who didn’t have bank accounts as part of an experiment. The Struggles and Successes of Introducing Crypto to the Unbanked: A Social Experiment in Colombia

“I was interested in visiting this neighborhood which is largely unbanked and poor, and seeing how they would receive the idea of crypto. The takeaway was that they were interested,” he told news.Bitcoin.com. Steven, who is director of international operations at Reserve and now lives in California, went to the Ciudad Bolivar neighborhood and donated some of his own cash to nine families – 44 people in total – living there. He met them by visiting a community centre that helps displaced people in Colombia. Most of the people he spoke to had phones, but no bank accounts, so he was able to show them Breadwallet and from there give them ethereum – 1 ETH apiece, approximately $ 131.

Steven also embarked on a mission to educate the local people, who live far away from the banks and financial opportunities to be found in central Bogota, about the benefits of cryptocurrency, and how it can help them. “With one old woman, I scanned the QR code, made the transfer and she could could see how much it was in pesos. She asked me, ‘Is that really what it’s worth?’ Her face lit up when I told her it was. She was fascinated to have digital cash,” he recalled.

The Struggles and Successes of Introducing Crypto to the Unbanked: A Social Experiment in Colombia

The Difficulties of Execution

But there were a number of problems. Steven said that despite the enthusiasm among the community, the biggest issue was getting them to use the crypto. “I was trying really hard to get a merchant in the community to get them to use [crypto],” he said. “I was like ‘hey, I’m donating this money to a community, as part of an experiment it would be awesome if the people could use it.’” Despite managing to convince residents to download wallets – many had heard of Bitcoin so had a rough understanding what crypto was – the shopkeepers were harder to sway: “The merchants I spoke with in Ciudad Bolivar hadn’t heard of bitcoin or other cryptocurrencies, so I was starting from square one in terms of educating them. If I had more time, I’m confident I could have brought several merchants onboard but I was time constrained because I was leaving Colombia.”

The Struggles and Successes of Introducing Crypto to the Unbanked: A Social Experiment in Colombia

When Steven did leave, he left them with the knowledge of Localbitcoin.com and of Bogota’s many crypto ATMs. He also left them with a list of stores and restaurants that accept the cryptocurrency. He said: “The main thing was education. At minimum I wanted to see how they would receive crypto. The biggest benefit is a lot of these people don’t have bank accounts, they’re not tapped into the banking system, so one really cool thing about crypto is you don’t need anyone’s permission to download a crypto wallet. Once you know how to do it, you’re effectively banked.”

The Struggles and Successes of Introducing Crypto to the Unbanked: A Social Experiment in ColombiaOther difficulties included the logistics of introducing crypto to just a small section of a neighborhood. “The area was dangerous, I could only be there in the daytime. I would have done more training workshops but because I wasn’t giving it to the entire neighborhood – only a handful of households – it could’ve created tensions,” he said.
But Steven said that despite the difficulties of performing the experiment solo, it was easy enough to introduce unbanked people to cryptocurrency and get them enthusiastic about the concept. Since starting a role that specializes in introducing crypto to countries that struggle with hyperinflation, he added that all it would take is a bit of extra manpower and resources. “These people were very interested and excited at being part of a financial system. They were very open to the idea and I think we could get entire communities using crypto in the future.”

What do you think about Steven’s social experiment? Let us know what you think about this subject in the comments section below. 


Image credits: Steven Gilbert


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post The Struggles and Successes of Introducing Crypto to the Unbanked: A Social Experiment in Colombia appeared first on Bitcoin News.

Bitcoin News

Pelosi, Schumer spark laughs on social media for ‘angry parents’ rebuttal to Trump address

January 9, 2019 |

House Speaker Nancy Pelosi, D-Calif, and Senate Minority Leader Chuck Schumer, D-N.Y., triggered plenty of laughs on social media Tuesday night for their rebuttal to President Donald Trump’s address from the Oval Office.
FOX News

With Deplatforming on the Rise, Onchain Social Media App Memo Shows Promise

January 7, 2019 |

With Deplatforming on the Rise, Onchain Social Media App Memo Shows Promise

Last year the Bitcoin Cash (BCH) community welcomed a BCH-based social media network called Memo.cash. Since then Memo has gathered a lot of traction with hundreds of profiles and thousands of onchain updates and conversations posted to the BCH chain.

Also read: Crypto-Friendly Statesman Takes Over Swiss Presidency

Memo’s Uncensorable Posts Continue to Grow

In April last year, news.Bitcoin.com reported on the social media platform Memo.cash, a decentralized app powered by blockchain technology. The platform gives anyone the ability to create a profile, post messages, and send and receive tips as well. Nearly every action on Memo is recorded on the BCH chain using an OP_Return transaction. After the BCH blockchain split on Nov. 15, the creator of Memo decided to open the platform to users of both sides of each chain and now there is a Memo SV version of the site as well. Existing users who haven’t logged on since the fork can use the same login credentials for the SV section of the platform.

As Deplatforming Rises, Onchain Social Media App Memo Shows Promise
Memo feed 1-6-19.

Since we first reported on Memo, there was another social media platform for the BCH chain called Blockpress, but the application has been defunct for quite some time. Memo, on the other hand, has continued to grow with users and content is being shared constantly. For instance, Memo’s feeds are broken down into six sections, which comprise ranked, polls, threads, top, new, and archive posts. Similarly to Twitter, when writing a new memo users can utilize 217 characters per post. If an individual decides to create a poll, then they have to first create a question (209 characters) and then add two options (184 characters per option) for people to choose.

As Deplatforming Rises, Onchain Social Media App Memo Shows Promise
Memo users can embed tweets.

Memo users can post text, videos, pictures, and even embed tweets from Twitter on the application. Moreover, individuals can search the index of registered users by perusing a list of profiles that are also sectioned into different criteria like most followed and  oldest, which shows the first Memo accounts created. The most followed Memo profile is the creator of the platform, with 777 followers, and the first account registered belongs to a user named Jason who has 142 followers.

Poster.cash and Unwriter’s Bitdb

Then there’s Poster.cash, a Bitdb-powered Memo extension protocol built by the software developer Petar Mitchev. The Poster application allows users to utilize most of Memo’s actions, which are performed in-browser. Poster provides infinite scrolling and the ability to track certain keywords as well.

As Deplatforming Rises, Onchain Social Media App Memo Shows Promise
Petar Mitchev’s project Poster.cash.

Similarly to the Memo protocol, Poster also gives users the choice to toggle between the BCH and SV network depending on their preference. Because Poster is powered by the developer Unwriter’s Bitdb network, it works as a serverless application. Mitchev gave props to Unwriter for creating the Bitdb and Bitsocket applications and noted, “I still can’t believe I wrote an actual serverless Memo implementation — And it works so nice.”

As Deplatforming Rises, Onchain Social Media App Memo Shows Promise
Popular topics on Memo.cash.

Overall, Memo continues to see lots of people posting uncensorable media and the extensions people have built around the protocol have made Memo’s ecosystem more robust. Of course, with the application serving both networks, there’s a fair bit of arguing between both camps when scrolling through the last few weeks of Memo posts. The Memo application also supports hashtags and many people add their favorite tags to posts. Popular hashtags at the moment are bitcoin cash, BCH, BCHPLS, roblox, and hashwar.

What do you think about the Memo.cash application for the Bitcoin Cash network? Let us know what you think about this platform in the comments section below.


Images via Shutterstock, Memo.cash, Poster.cash, and Pixabay.


Express yourself freely at Bitcoin.com’s user forums. We don’t censor on political grounds. Check forum.Bitcoin.com.

The post With Deplatforming on the Rise, Onchain Social Media App Memo Shows Promise appeared first on Bitcoin News.

Bitcoin News

Social worker leaves $11 million to children’s charities upon death

December 28, 2018 |

Alan Naiman baffled beneficiaries by leaving an $ 11 million estate to children’s charities.
FOX News

Free Speech Social Network Gab Starts Accepting BTC

December 15, 2018 |

Free Speech Social Network Gab Starts Accepting BTC

Gab, a social network dedicated to preserving freedom of speech, has announced that its store now accepts BTC directly after banks and payment processors denied the platform service. “Literally no one can no-platform our new crypto shop,” Gab announced. The platform integrated Btcpay Server after it was refused service by Coinbase and Bitpay.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

Gab Begins Accepting BTC

Free Speech Social Network Gab Starts Accepting BTCSocial network platform Gab announced on Thursday that its integration of Btcpay Server has been completed. Its store now accepts payments in BTC and LTC.

Launched as a free-speech alternative to Twitter in August 2016, this fast-growing website is currently used by several alt-right and libertarian personalities who have been censored from using popular social networks. Among Gab’s users are Alex Jones, Ann Coulter, Stefan Molyneux, and Milo Yiannopoulos.

Gab offers free accounts as well as four levels of pro membership, which are three months for $ 15, six months for $ 30, one year for $ 60, and five years for $ 200. Gab’s store also sells $ 25 “Make Speech Free Again” ballcaps. Btcpay is now the store’s only checkout option.

The platform tweeted on Thursday, “Literally no one can no-platform our new crypto shop. No one. Not banks. Not the media. Not activists. Not online mobs.”

Free Speech Social Network Gab Starts Accepting BTC

About Btcpay

Free Speech Social Network Gab Starts Accepting BTCBtcpay is a free and open-source payment processor that allows anyone to directly receive payments in several cryptocurrencies “with no fees, transaction cost or a middleman,” its Github page describes. The software conforms to the same invoice API format as Bitpay, allowing merchants to easily migrate from using Bitpay’s paid service to the Btcpay platform.

Merchants can use the app to accept direct, peer-to-peer cryptocurrency payments without requiring know-your-customer (KYC) information, the software’s Github page details, adding:

Btcpay is a non-custodial invoicing system which eliminates the involvement of a third-party. Payments with Btcpay go directly to your wallet, which increases the privacy and security. Your private keys are never uploaded to the server. There is no address re-use since each invoice generates a new address deriving from your xpubkey.

Recovering From Censorship

Free Speech Social Network Gab Starts Accepting BTCGab has been a victim of censorship for most of its existence, often resulting from racist views posted by some of its users. The matter came to a head on Oct. 27 when Gab made national headlines after one of its users, Robert Bowers, killed 11 people at the Tree of Life Synagogue in Pittsburg.

Bowers was identified as a neo-Nazi who made anti-semitic threats on Gab, posting that he was “going in” just before the shooting. Paypal, Stripe, Godaddy, and Medium all terminated their relationships with Gab soon afterward, along with Gab’s web hosting provider. The platform was subsequently down for eight days as the company searched for a new web host. For about a month afterward, Gab’s only income was from customers mailing checks to the company’s headquarters.

Free Speech Social Network Gab Starts Accepting BTCDespite the media often painting the platform as an online haven for racists, Gab claims to have staff constantly monitoring all content posted on its platform for violations of its terms of service. Its stated restrictions on expression include threats of violence, promotion of terrorism, child pornography, revenge porn and doxing.

On Nov. 20, the company tweeted, “Gab has been denied by multiple banks during the underwriting process for a new payment processor. Multiple processors supported us, their banks did not.” The platform added, “Gab is the supreme example of why bitcoin exists. We will be integrating @Bitpay asap because @Coinbase already banned us.” However, after Bitpay also rejected the platform, Gab took the suggestion of several Twitter users to integrate Btcpay Server. In another tweet, Gab wrote:

You will never fully understand the power and importance of bitcoin until you go through the underwriting process with banks trying to get approved for online payment processing. They essentially want your unborn child, an arm, and all of your personal data to get an answer.

What do you think of Gab accepting BTC? Let us know in the comments section below.


Images courtesy of Shutterstock, Btcpay Server, and Gab.


Need to calculate your bitcoin holdings? Check our tools section.

The post Free Speech Social Network Gab Starts Accepting BTC appeared first on Bitcoin News.

Bitcoin News

Google to Accelerate Closure of Google+ Social Network

December 11, 2018 |

Google said it would close the consumer version of its Google+ social network after discovering a software bug that exposed the private profile information of 52 million users to outside app developers, the second time this year the company has acknowledged exposing private user data.
WSJ.com: US Business

PR: Social Messaging App DappGram Launches in New York

November 24, 2018 |

Social Messaging App DappGram Launches in New York

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

DappGram, a Telegram-like app used in blockchain field was launched in New York, attracting much attention of the regional blockchain players. Users in all regions of the world can use it for unobstructed communication. Unlike Telegram, it has functions such as wallet, quotes and transactions besides chatting. Users can monitor real-time market transactions while chatting with various project communities.

Creators of DappGram believe that the major pain point in blockchain field is the asymmetrical information exchange between blockchain companies and users. DappGram will break this boundary, and users can register with just the telephone numberW without complicated mnemonics. DappGram provides full range service from information access to real time transaction.

According to DappGram project manager, “community+transaction” is not only a model innovation but also a renewed empowerment to the community. The community will be not only a social platform but also a micro-exchange encompassing all pieces of the blockchain ecology. Moreover, the right to make trading rules will be given back to the company side. DappGram has shown the potential to revamp the existent transaction landscape, representing the new model going forward.

Based on the Telegram super community, DappGram connects all aspects : wallet, transaction, and market. Users can do transactions and asset transfers while keeping an eye on community updates..

The world’s first community-based Exchange providing bespoke transaction model
DappGram’s biggest innovation compared to Telegram is that it gives the trading function back to the community. Each community becomes a micro-Exchange, and the company does not have to invest heavily in promotional activities prior to IPO. In this way, it brings the cost down significantly because as long as the company has its own community and been authorized to do trading it could start mining and better, it could define its own terms.

Potential linkage to multiple Exchanges, trading option stays with the user
DappGram is more than just a social-network-based Dapp. It is dedicated to grow into the largest and best-connected platform in blockchain world. It is in collaboration talks with many globally famous Exchanges in an attempt to save users the trouble of logging into the Exchanges with only one button click.

Contact Email Address
contact@dappgram.com

Supporting Link
http://www.dappgram.com

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Social Messaging App DappGram Launches in New York appeared first on Bitcoin News.

Bitcoin News

PR: iCumulate – A New Era in Social Investing

November 23, 2018 |

iCumulate - A New Era in Social Investing

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

iCumulate is an industry changing Social Investment Trading Platform and Ecosystem based on the Ethereum blockchain. The platform combines all of the communication benefits of a social network with a revolutionary trade execution interface.

Meticulously designed from the ground up by industry professionals over the last 14 months, the project has attracted high retail interest. This week they announced their TokenSale.

iCumulate will be issuing their own utility token on Ethereum. It will be directly linked to the trading fees and services on the ecosystem. The token is called; ‘ICU’.

For the first-time users will be able to compare and invest in crypto assets directly against a FIAT base without the need to involve base crypto currencies, such as ETH or BTC and from one account, rather than having to split their funds and hold several exchange accounts.

With products such as FX and commodities also available on the platform, hybrid combinations such as Ether vs Gold, or Bitcoin vs Oil are now available for the first time. The addition of micro lot trading also makes investing affordable to everyone.

The core of the iCumulate social investment ecosystem is founded on the principle of combining modern social media communication behaviours and investment talent discovery.

Platform users can benefit from the skills and experience of the very top ranked investors by following or copying their portfolios. iCumulate have developed a blockchain based tokenized portfolio system to enable this process to be executed with all parties achieving identical performance for the first time in the industry.

Regular big prize investment competitions, an educational portal and a gateway for external content providers to offer services such as analysis, investment advice and automated trading systems are also included.

As CEO Angelos Diamantis notes: “The team we have put together is one of the most experienced in the professional electronic trading industry. Having the resources in-house to cover everything from algorithmic and risk modelling to legal and compliance frameworks has allowed the project to continue to break new ground with this industry changing product”

Angelos goes on to note: “We are so excited to finally be able to bring such a revolutionary product to market. Removing existing investment decision isolation by carrying social media behavioral habits into the investment world is going to be truly game-changing”

iCumulate is based in Gibraltar and will be one of the first companies to be fully regulated under the new world leading DLT regulatory framework there.

The 1-week Pre-Sale starts November 30th 2018, shortly followed by the 3-week Main-Sale which starts on December 10th 2018.

A working demo is available on the website allowing users and token sale participants to try out the functionality of the trading interface.

If you have any questions on the project, you are invited to join their telegram channel

Press Contact Email Address
marketing@icumulate.io

Supporting Link
https://www.icumulate.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: iCumulate – A New Era in Social Investing appeared first on Bitcoin News.

Bitcoin News