Suspected crypto con artists are once again using the likeness of British financial expert Martin Lewis to defraud unsuspecting victims. In 2019, Lewis settled a defamation suit against Facebook for similar Bitcoin (BTC) scam adverts. Instagram says deceptive advertisements have no place on its platform and plans to continue improving its detection protocols for such content. Social platforms have been known to censor crypto-related content, instituting blanket bans on crypto ads on several occasions. However, Facebook has recently relaxed this policy amid the roll-out of its own digital currency project. The social media giant is one of the main backers …

Bitcoin (BTC) scam ads featuring the likeness of Martin Lewis have continued to appear on social media despite Lewis’ previous efforts to prevent such illegal practices. After the British financial expert settled a defamation lawsuit against Facebook for showing unendorsed fake Lewis crypto ads in 2019, new scam adverts have now been spotted on Facebook-owned Instagram. Reported by Twitter user @peterfinn5252 on Jan. 7, the scam Instagram ad shows Lewis’ face to promote a fake article pretending to be published by major British national daily tabloid The Mirror. The fake article is titled “Martin Lewis Lends a Hand to British …

While Facebook is struggling to agree on its crypto project Libra, a wave of fake Libra accounts have come up online, including on Facebook itself. According to a report by The Washington Post on July 22, nearly a dozen fake Libra pages have circulated across Facebook and its social photo-sharing app Instagram, posing as official entities for the much-discussed digital currency. Facebook removed Libra scam pages only after alerted by Washington Post As said in the report, a number of those fake Facebook and Instagram accounts were removed on July 22 only after The Washington Post reported on them to …

American rapper Lil Pump has started accepting bitcoin (BTC) payments through his merchandise store Unhappy, according to his website. Fans of the 18-year-old, known for his catchphrase “Esskeetit” and his most recent album Harverd Dropout, can select crypto as a payment option at the checkout. The rapper has 17.8 million followers on Instagram, 1.2 million followers on Twitter and 2.3 million likes on Facebook. Shoppers can either choose to pay off-chain using a BTC Lightning Network wallet or on-chain through a standard bitcoin wallet. Selecting one of these options generates a QR code, which can then be scanned to complete …

Can you remember exactly what you did on social media 10 days ago? Probably not. The days can blend together as you embark on a never-ending quest of liking posts and sharing memes. Social media can also have a detrimental effect on our mental health – with charities warning they could be particularly harmful if we compare the picture-perfect, filtered images posted by our friends to our own lives. Although these networks play a vital role in our daily lives – with research suggesting we now spend 135 minutes a day browsing and posting on such sites – a blockchain-based …

A startup e-commerce ecosystem is turning to blockchain to help businesses become more operationally efficient, while enabling billions of users on social media “to generate income with ease.” TIPO says it has identified three major problems facing the e-commerce market today. According to the company, many of the platforms currently dominating the industry are too focused on buying and selling when there are many other services that can benefit merchants and their loyal customers. Plus, while online payments have continued to rise, market share is yet to reach its true potential. Lastly, businesses are wasting time and money through “suboptimal …

Kim Kardashian West, the reality television starlet with 114 million followers on Instagram, staked what appeared to be physical Bitcoin (BTC) chips on a charity poker night out in LA yesterday, July 29. Kardashian West, sisters Khloé Kardashian and Kendall Jenner, and mom Kris Jenner hosted a table at yesterday’s inaugural "If Only" Texas Hold’em Charity Poker in Los Angeles to raise funds for City of Hope, a nonprofit clinical research and treatment center for cancer. Amidst her Instagram Stories’ videos of betting with poker chips, the star posted a picture in which she bet with what appeared to be …