Fake bitcoin
Part of the reason why fake news has been able to run rampant is because the crypto market is unregulated. Combine them with the legitimate stories addressing the dark side of cryptos — issues related to black market usage, hacking attacks, fraud, Ponzi schemes, and criminal activities — and the line between fact and fiction begins to blur. As the Bitcoin buzz rumbles on, media outlets have discovered that fake news stories surrounding Bitcoin are popular reads.
These articles tend to fall in the eyeline of regulators under the guise of the truth, which has subsequently created further problems for Bitcoin. These stories address supposed bitcoin Ponzi schemes, bitcoin wallet scams, bitcoin mining investment scams, bitcoin phishing scams, and bitcoin exchange scams.
Even alternate financial newswires continue to push this fake news agenda, just a few months ago Yahoo! Fakes news has been running rampant in recent years , with Bitcoin feeling the brunt. There is a real ethical issue at hand, especially when you consider that many leading social media platforms recently banned crypto advertising , yet still openly publish anti-Bitcoin fake news articles.
There is no denying that the rise in Bitcoin fake news has impacted its public perception. Lamborghinis, crypto-jewelry, and fake protests. As the Consensus blockchain conference kicked off today in Midtown Manhattan, one bitcoin mining company apparently decided that the best way to make a splash was with a few shouts. As the event was getting started, a group of people could be found marching in front of the hotel hosting the 8,person-strong gathering.
They chanted slogans like "hey hey, ho ho, Bitcoin has got to go," and held signs informing anyone who passed by that "paper checks use less electricity! The "protest" was ostensibly organized by a group calling itself Bankers Against Bitcoin, which, as you have probably guessed, is not a percent real protest group.
It does have real backing, though. Specifically, that of Bitcoin mining company Genesis Mining. That's where the fake protest comes in. Dispatches from the 'Coachella of Bitcoin': Lamborghinis, crypto-jewelry, and fake protests. As the Consensus blockchain conference kicked off today in Midtown Manhattan, one bitcoin mining company apparently decided that the best way to make a splash was with a few shouts. As the event was getting started, a group of people could be found marching in front of the hotel hosting the 8,person-strong gathering.
They chanted slogans like "hey hey, ho ho, Bitcoin has got to go," and held signs informing anyone who passed by that "paper checks use less electricity! The "protest" was ostensibly organized by a group calling itself Bankers Against Bitcoin, which, as you have probably guessed, is not a percent real protest group.