Chainalysis tips Australia will crack down on misleading crypto ads

Chainalysis’ head of international policy Caroline Malcolm expects Australia’s new rules governing crypto advertising, promotion and consumer safeguards to follow a similar path to the United Kingdom when they come into place within the next year.  “I think we’re more likely to see something along the lines of the UK model which is really focusing on a crackdown on misleading advertising or advertising which doesn’t present the risks alongside the opportunities.” During the Chainalysis Links event in Sydney on June 21, Malcolm told Cointelegraph that this meant treating crypto products…

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3 red flags that signal a crypto project may be misleading investors

Satoshi Nakamoto left a large pair of shoes to fill after releasing the code for Bitcoin (BTC) to the world, helping to establish the network, then vanishing without so much as a trace.  Over the years, the crypto ecosystem has seen many developers and protocol creators rise in stature to become crypto messiahs for faithful holders who eventually have their best-laid plans end in catastrophe when the protocol is hacked, rugged or abandoned by whimsical developers. 2022 is hardly halfway complete and the year has already seen a particularly bad…

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UK advertising watchdog cuts ‘irresponsible and misleading’ Bitcoin ad

The United Kingdom Advertising Standards Authority has upheld a complaint lodged against cryptocurrency exchange Coinfloor for its publication of a Bitcoin (BTC) advertisement in a regional news outlet. The ad, published in the Northamptonshire Telegraph on Dec. 3, 2020, was deemed to have targeted retirees, according to the complainant, who claimed the ad was misleading and socially irresponsible. The ad led with the title “There is no point keeping your money in the bank…” and featured an image of a woman, aged 63, describing her decision to convert part of…

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New York Times Trials Blockchain System to Combat Misleading Pictures

The New York Times publication has revealed the successful completion of a trial for a new blockchain-based system to detect misinformation. According to a June 12 blog post, the publisher built a prototype to provide reliable metadata on various pictures found online. Often, pictures taken in a different location at a different time will be used in connection with unrelated events. Through the platform, readers and social media users will be able to know who took the picture and when. Technologically, the system used an IBM blockchain platform developed directly…

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Official U.S. Coronavirus Count are Misleading, Slams Fox News’ Tucker

Mainstream media accused of downplaying coronavirus by deceptively comparing it to the flu. Tucker Carlson at Fox News says official tally in the U.S. is misleading. With only three health centers in place to detect the virus, many more people could be infected. Despite the coronavirus outbreak infecting more than 80,000 people and showing signs of a true pandemic by as early as January, the media was quick to spread the “coronavirus is less dangerous than the seasonal flu” narrative. Tucker Carlson at Fox News heavily criticized the media for…

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