Facebook has banned bitcoin hashtag and is fighting cryptocurrencies

Facebook Banned Bitcoin Again in Favor Of…?

CONTENT

  • Facebook has blocked the bitcoin hashtag

  • Mark Zuckerberg has declared war on cyber scammers

  • Facebook and Twitter are the most popular cybercriminal tools

International consortium of news organizations developing transparency standards.

The bitcoin hashtag has become unavailable in several countries around the world. Experts believe that in this way the leadership of the social network is going to fight cyber fraudsters.

Social networks are the main tool of scammers

The largest social network FacebookIn June 2019, Facebook announced preparations for the release of the digital currency Libra. The social networking project immediately attracted attention … More introduced a number of restrictions on the use of hashtags related to cryptocurrencies. For example, on Monday, November 2, the #bitcoin hashtag became unavailable to users in a number of countries. This has been reported by Reddit users. Thus, the leadership of the social network is trying to protect the participants from the influence of scammers who use Facebook, Twitter and other social networks in criminal schemes..

The bitcoin hashtag was banned. Source: Reddit

However, the restriction applies mainly to the countries of the Eurozone. In other regions, the hashtag with the name of the most popular cryptocurrency remains active. Users also that the hashtag # LibraIn June 2019, Facebook announced preparations for the release of the digital currency Libra. The social network project immediately attracted attention … More was not banned by the management of the social network, although various fraudulent schemes are also deployed around the Facebook stablecoinCryptocurrencies are a new financial instrument that opens up their prospects for each market participant. Some consider digital assets as a source … More.

Note that Facebook started banning cryptocurrency ads in 2018. However, after the decision to create its own stablecoin Libra, restrictions around digital assets have softened. Another popular social media site, Twitter, also banned cryptocurrency ads two years ago, although platform founder Jack Dorsey has clearly spoken out in support of Bitcoin..

According to CNBC, the head of Twitter and Square, Jack Dorsey, told British news outlet The Times in 2018 that Bitcoin would one day become the internet’s own currency. It will take about ten years or less for widespread distribution, he said..

UK Bans Crypto Derivatives – British Cryptocurrency Investor Responds

In an interview with Reuters, he argued for a historic shift in global economic activity. Dorsey noted that the Internet “needs its own currency,” adding that bitcoin is better suited to this role than others. The Internet, which is based on consensus and built by the community, can be compared to the principles of BTC.

Facebook has banned bitcoin hashtag and is fighting cryptocurrencies

Twitter and Facebook are filled with cyber scammers

Social media is the main tool for cyber fraudsters through which criminals find their victims. More recently, a hacker (or a group of attackers) gained access to dozens of well-known Twitter accounts and advertised a massive Bitcoin giveaway. Fraudsters were able to access the pages of Apple, Elon Musk, Jeff Bezos, Bill Gates, Changpeng Zhao, as well as a dozen other crypto-oriented companies and high-tech giants.

In early October, false information was actively disseminated on Twitter that the founder of Tesla and Space X Elon Musk was distributing bitcoins and ETH to everyone. Users have already discovered several fakes that contain approximately the same text. They say that the participant received his 0.85 BTC to the wallet, while any registered user can receive bitcoin or ether by leaving his address. And at the same time, anyone who sends 5 BTC or 50 ETH to the Mask company can participate in the competition with the main prize Tesla Model S.

A few days later, a new message appeared on the same Twitter. This time, cyber scammers decided to use the name of the co-founder of the Ethereum blockchain Vitalik Buterin to lure coins from gullible users. To organize a criminal scheme, the swindlers created an open petition, which says that Buterin personally allocated 100,000 ETH for free distribution. And in order to strengthen the trust of potential victims, the scammers launched a number of fake Twitter posts, in which Vitalik Buterin himself is holding a piece of paper announcing the free distribution of ETH.

Twitter and Change.org were used to disseminate fake information. This may indicate that the same criminal group is behind the organization of these fraudulent schemes. However, neither the Twitter management nor the Change.org administration has any influence on fraudsters, allowing them to spread false information and turn off scams..

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

Share Article

Facebook has banned bitcoin hashtag and is fighting cryptocurrencies
Facebook has banned bitcoin hashtag and is fighting cryptocurrencies
Facebook has banned bitcoin hashtag and is fighting cryptocurrencies
Facebook has banned bitcoin hashtag and is fighting cryptocurrencies

Similar articles