Twitter takes steps to prevent crypto scams on platform - News Summed Up

Twitter takes steps to prevent crypto scams on platform


The measur­es come amid a boom in the price of bitcoi­nTwitter is taking measures to prevent cryptocurrency-related accounts from running scams on its platform, the company said on Wednesday. Japan’s cryptocurrency exchanges to set up self-regulatory bodyThe measures come amid a boom in the price of bitcoin, the world’s best-known cryptocurrency. Bitcoin BTC=BTSP rose some 1,400 per cent last year but has fallen nearly 30 per cent in 2018. Last month, a Twitter account posing as Elon Musk targeted fans of the Silicon Valley billionaire, claiming to give away cryptocurrency. US judge rules cryptocurrency as commoditiesFacebook is also banning ads promoting financial products and services tied to cryptocurrencies and initial coin offerings.


Source: The Express Tribune March 08, 2018 11:15 UTC


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