🤑 Detroit block(chain) city: Starting in 2025, Detroit residents can use currencies like bitcoin and ethereum to pay for public services and even their taxes. Crypto will be converted into dollars via PayPal. The goal: To attract more tech-savvy residents and tech companies to the city.
Don't fall for these fake cryptocurrency ads all over Facebook
New cryptocurrencies are constantly popping up. While Bitcoin is the most well-known crypto, others like Ethereum and Shiba Inu have steadily grown in popularity.
Lucky Block is one of the newest and ties itself to the lottery industry. However, there aren’t too many cryptocurrencies that hedge their bets on social media. Well, that doesn’t seem to be the case if you believe some advertising on Facebook.
Keep reading to find out how scammers are using social media to spread ads for fraudulent cryptocurrencies.
Here’s the backstory
Have you heard about the new Meta cryptocurrency backed by Facebook founder and Meta CEO Mark Zuckerberg? If you haven’t, that is a good thing. Over the last few weeks, several advertising banners on Facebook have promoted the crypto, complete with Zuckerberg’s photo.
The ads claim the platform gives users a chance to invest in Meta cryptocurrency. And to find out more, you can read all about it on a Facebook page called Metaverse. If you didn’t know, Facebook’s parent company rebranded to Meta, with Zuckerberg announcing his intentions to build a digital world called the Metaverse.
But the crypto advertising isn’t just using Zuckerberg, as The Markup discovered. Similar ads have also popped up across social media, replacing the Facebook CEO’s face with Amazon CEO Jeff Bezos and Tesla CEO Elon Musk.
If it hasn’t been made clear, these crypto ads are bogus, and there are no plans to launch a Meta-inspired cryptocurrency. With or without Musk and Bezos.
“Meta doesn’t offer any such cryptocurrency. The ads, until recently available for viewing in Facebook’s public ad library, were frauds that slipped through Facebook’s content moderation process, despite the use of Zuckerberg’s image and the company’s new logo,” The Markup explains in a blog post.
What you can do about it
Facebook and Meta have strict rules and regulations for advertising cryptocurrencies, so it is unclear how these ads made it through the review process. More Facebook incompetence, we’d imagine.
TV picture quality: 6 quick steps for better images no matter the price of your TV
How much time have you spent over the years customizing your gadgets to work just how you want them? From icons to background images to ringtones, you can endlessly fiddle.
Before the iPhone’s iOS 14 update, you were stuck with Safari as the default browser and Apple Mail for email. Now, you can change these to one of many options. Tap or click to customize your iPhone apps to the ones you want.
$25 million
How much cryptocurrency MIT-educated brothers swiped in just 12 seconds. Clever, except Anton, 24, and James, 28, just got arrested for their 2023 ethereum heist. They studied computer science and math. Now they’ll have plenty of time to calculate the years they could spend in jail.
Another malicious app that could rip you off found in the Google Play Store
When downloading apps to your smartphone or tablet, we would always recommend using the official app stores like Google Play, or the Apple App Store. But, even though these official stores have screenings and fail-safes to try and weed out the malicious apps, sometimes one slips through. That exactly what happened recently. Here is what to look out for.