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Former Mozilla CEO Brenden Eich chose a new path of fundraising when launching his free, open sourced, safety-focused web browser, Brave. Within 30 seconds of launching his ICO, the Ethereum-based Basic Attention Token (BAT), generated $35-million worth of ETH between only 130 investors. One buyer even dropped a whopping 20,000 ETH ($4.7-million) on the ICO. …

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This post was originally published here A verified Twitter account masquerading as Elon Musk was used to publish and circulate a promoted tweet for a crypto giveaway scam Thursday morning, prompting an outcry from users and renewed scrutiny of the social media platform’s anti-scam practices. The since-deleted tweet was posted through the account @TylerFlorence, which …

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A verified Twitter account masquerading as Elon Musk was used to publish and circulate a promoted tweet for a crypto giveaway scam Thursday morning, prompting an outcry from users and renewed scrutiny of the social media platform’s anti-scam practices. The since-deleted tweet was posted through the account @TylerFlorence, which as of press time is still …

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Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. As anger has grown over the power wielded by internet gatekeepers such as Facebook and …

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Twitter CEO Jack Dorsey told a Congressional committee Wednesday that the social media company is exploring blockchain solutions for its platform. Dorsey was responding to a question from California Representative Doris Matsui during a House Committee on Energy and Commerce hearing that focused on alleged bias against political conservatives on Twitter. “You previously expressed interest …

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Researchers have uncovered a huge botnet that mimics legitimate accounts on Twitter to spread a cryptocurrency “giveaway” scam. As reported by ITPro, the discovery was made during a research effort by Duo Security that looked at 88 million Twitter accounts from May to July and used machine learning to identify bots, malicious or otherwise, on the social …

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In the span of a few hours, it became Crypto Twitter vs U.S. Representative Brad Sherman. On Wednesday, Congress hosted a pair of back-to-back hearings on the topic of cryptocurrencies (read CoinDesk’s coverage here and here), which notably saw Rep. Sherman – no stranger to controversy among crypto circles – call for a blanket ban …

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Last week, Agustin Carstens, the head of the Bank of International Settlements (BIS), widely considered the central bank of central banks – told cryptocurrency makers to “stop trying to create money.” And the crypto community promptly had a field day with those remarks. The BIS head has, to date, adopted a largely hostile tone toward …

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Bitcoin may be global, but it’s still a small community This is why a recent Fast Company South Africa story attracted international commentary – and not in a good way. After all, it isn’t every day that relative unknowns get touted as “Bitcoin Kings” on a magazine cover. Still, that’s how the crypto world has …

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It hasn’t been a great year so far for Facebook, the social media giant that was once the most popular online platform among American youth. While roughly half of the teens in the U.S. still use Facebook, according to a survey published by the Pew Research Center this year, the company has not been receiving …

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John McAfee, the cybersecurity tycoon-turned-cryptocurrency promoter said Tuesday that he will end his work on initial coin offerings (ICOs). In a tweet, McAfee cited “SEC threats” when revealing that he would stop working on token sales or recommend them to his 800,000-plus followers on Twitter. It represents the end of what was reportedly a notable line …

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You may have missed it, but over the weekend, transactions on the live EOS blockchain came to a complete – yet temporary – halt. Coming less than 48 hours after the much-anticipated blockchain network went live, the announcement kicked off a social firestorm (not to mention a reported 5 percent drop in the value of …

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The price of bitcoin hit a two-month low over the weekend – and social media is alight with speculation about it. While pundits don’t quite agree on the circumstances behind the plunge (with some blaming reports of a widening manipulation crackdown, the hack of South Korean crypto exchange Coinrail or just some pre-week selling), what’s …

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Distributed ledger startup R3 is reportedly running low on cash – and judging by the social media response, the crypto-community isn’t showing much sympathy. Fortune reported Thursday that R3 is facing a cash crunch, coming just over a year after the company announced a $107 million funding round to “bring blockchain services to the financial …

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Trust, but verify. Borrowed from a Russian writer, it’s one of crypto’s most widely embraced slogans, though one that’s becoming even more relevant on social media, where battling factions bent on promoting the next great high-tech investment are now turning the very symbols meant to protect users against them. Whether it’s an account impersonating the world’s largest …

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In an egregious example of the “blue checkmark” scam infecting crypto-Twitter, a fraudulent account that recently aimed to dupe users of the cryptocurrency Verge moved onto Bitfinex – that is, before going dark complete.y The Next Web reported Wednesday that freelance film producer and director Seif Elsbei’s verified Twitter account (@seifsbei), which boasts Twitter’s coveted blue …

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Coinbase has hired a new vice president of communications, the cryptocurrency startup announced Monday. Rachael Horwitz joins the company from Spark Capital, a Coinbase investor. She previously held high-level communications roles at Facebook and Twitter. “Incredibly grateful and excited to join Coinbase as the company’s Vice President of Communications,” Horwitz wrote on LinkedIn. “An amazing …

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Twitter announced Monday that cryptocurrency advertisements would be banned from the website starting Tuesday. All ads related to initial coin offerings (ICOs), token sales, exchanges and wallet services – excluding public companies listed on major stock markets – will be removed from the site, according to the announcement. A spokesperson said the move is aimed …

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According to a tweet today by @BTCVIC (BTC Trader Telegram Group) that links to a screenshot from Japanese financial newspaper Nikkei’s terminal, Japan is set to issue a warning against crypto exchange Binance, according to a report from the news outlet Nikkei, March 22. Binance, the number one exchange by 24 hour volume according to …

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Jack Dorsey, the CEO of both Twitter and payment service Square, has said that he sees Bitcoin (BTC) as the world’s – and Internet’s – single future currency, The Times reports today, March 21. Dorsey believes that Bitcoin’s leading emergence will take “probably over ten years, but it could go faster”: “The world ultimately will …

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