Wall Street Journal: Buyer Beware: Hundreds of Bitcoin Wannabes Show Hallmarks of Fraud. “Hundreds of technology firms raising money in the fevered market for cryptocurrencies are using deceptive or even fraudulent tactics to lure investors. In a review of documents produced for 1,450 digital coin offerings, The Wall Street Journal has found 271 with red flags that include plagiarized investor documents, promises of guaranteed returns and missing or fake executive teams.” This article is paywalled.
Search Engine Land: Bing is latest to ban cryptocurrency ads. “In another blow to cryptocurrency marketers, Bing Ads is banning ads promoting cryptocurrency sales, offerings and related products. Facebook, Google and Twitter banned cryptocurrency ads earlier this year.”
The Next Web: Ethereum’s creator is mad at Facebook for not removing fake profiles of him. “Ethereum founder Vitalik Buterin has been dealing with tons of fraudulent Twitter impersonators seeking to steal cryptocurrency from naive investors – but it seems the trend has gradually caught on to other social media platforms like Instagram and Facebook. The young entrepreneur has taken to Twitter to criticize Facebook and Instagram for allowing clearly fraudulent accounts to exist on their platforms. Buterin also took a moment to ask his followers to report the fake accounts, because he does not have one himself.”
PR Newswire: TipRanks Launches CoinWatch, a Comprehensive Platform for Data Aggregation and Analytics in the Cryptocurrency Market (PRESS RELEASE). “TipRanks, the world’s leading financial analyst ranking service, today announced the launch of an innovative tool dedicated to providing in-depth data and real-time analytics on the volatile cryptocurrency market. In addition to aggregating the latest trading prices and historical data for over 1,000 different crypto coins, CoinWatch offers unique data on recent media buzz and news sentiment affecting coins.”
CNET: Twitter confirms it’s banning cryptocurrency ads. “As part of its commitment to “‘ensuring the safety of the Twitter community,’ the social media site is adding a new policy prohibiting the advertisement of initial coin offerings and token sales, a Twitter representative said Monday in an emailed statement.”
BetaNews: Twitter to ban an array of cryptocurrency ads. “Just a few days ago, it was revealed that Google plans to ban ads for cryptocurrencies and related products and services later this year. Now it seems as though Twitter could be following suit. The plans could see the social network implementing a ban on ads for ICOs and almost all cryptocurrencies. It is reported that Twitter’s ban could come into force within a couple of weeks.”
BetaNews: Google slaps a ban on cryptocurrency ads. “Google has announced that advertisements for cryptocurrencies will be banned from its platform starting in June. The ban not only covers currencies such as Bitcoin and Ethereum, but also related products such as initial coin offerings, cryptocurreny exchanges and digital wallets.”