YouTube Displays Crypto Scam Ads Yet Banned Legit Youtubers
The crypto community is furious after several months of witnessing Youtube allowing crypto giveaway scams to proliferate in the platform. These scams come in the form of pre-roll ads and native videos.
Scammers are able to loot thousands of dollars worth of crypto by showing footage of well-known crypto leaders like Vitalik Buterin, Charles Hoskinson, Changpeng Zhao, and many more. Additionally, some scam giveaways also feature non-crypto famous personalities like Elon Musk, Joe Rogan, Steve Wozniak, etc.
The ads usually display a QR code on one section of the screen explaining the giveaway. They ask you send a specific amount of a particular cryptocurrency promising to give them back two-folds. But in the end, you lose your funds and get back nothing.
Several High-Profile Twitter Accounts Posted Crypto Scam Giveaways
As if Youtube wasn’t enough, Twitter’s admin tools were breached by hackers, which enabled them to control the accounts of dozens of crypto leaders, crypto exchanges, as well as non-crypto high-profile individuals. The social media giant admitted that a total of 130 accounts were affected by the breach.
The likes of Warren Buffet, Jeff Bezos, Bill Gates, Barrack Obama, Joe Biden, and many other notable figures had their accounts post a scam giveaway.
Similar to the Youtube scam, the Twitter giveaways asked users to send crypto to the scammers’ address promising double returns. Furthermore, Coinbase had blocked a thousand transactions on its exchange during the hack.
Enjin Surges After Announced Integration with Aave
Gaming cryptocurrency Enjin coin had surged over 20% shortly after they announced their integration with DeFi protocol Aave.
The Enjin platform already allows gamers to earn ENJ by playing their growing collection of games. Additionally, they can sell their gaming items at the Enjin Marketplace.
After the Aave integration, they now have the ability to grow their in-game earnings by lending them to the DeFi protocol. This integration is expected to bring the $159.3 billion gaming market to decentralized finance.
Furthermore, the Aave protocol can also be utilized by gamers to borrow ENJ in order to purchase gaming items in the Enjin Marketplace. Once they’re done with the items, they can simply resell them and use the fudns to repay the Enjin Coin that they’ve borrowed from Aave.
Two Multi-Billion Dollar Companies to Pilot China’s DCEP
A week after the partnership with Didi, the PBOC’s research wing had secured another deal with billion dollar food delivery and online travel giant Meituan Dianping, which is backed by Tencent Holdings. Meituan handles billions of dollars of transactions daily. And they will soon enable the digital yuan as a payment method.
Meanwhle, the PBOC’s wing is also negotiating with another Tencent-backed video streaming giant, Bilibili Inc. As of yet, it hasn’t been confirmed if the deal has been finalized.
Both Meituan and Bilibili currently use traditional digital payment processors Alipay and WeChat Pay as payment method for their platforms. If they add the digital yuan, it will surely bring more awareness to the DCEP and boost its adoption.
