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Bitcoin Featured in New Vodafone Ad: Details

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Fri, 02/21/2020 - 14:15
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  • After ditching Facebook's Libra, telecom giant Vodafone embraces Bitcoin in a new hilarious ad

Cover image via www.shutterstock.com
Contents

Vodafone Germany has published a Bitcoin-related ad on its Facebook page. It positions the orange coin as a replacement for pocket money. 

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Vodafone and Facebook 

Vodafone posting a pro-Bitcoin ad on Facebook is ironic given the fact that it joined a slew of big names that ditched the Libra cryptocurrency earlier this January. The telecom giant suggested that there could be some sort of future cooperation. 

So far, eight high-profile Libra Association members have called it quits after Facebook's controversial stablecoin received significant pushback from politicians and regulators.    

It's still unclear whether Libra, which was prematurely deemed as a Bitcoin killer, is even going to launch at this point.      

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Can Bitcoin replace cash? 

Bitcoin was originally designed as a medium of exchange but its adoption stalled due to its scalability problems. Numerous pundits (from top crypto executives to central bankers) believe that BTC is simply unsuitable for payments.     

However, if one considers the rapid growth of the Lightning Network, your grandma might indeed start sending you sats instead of pocket money. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin (BTC) Scammers Impersonate Bill Gates and Endanger Almost 30K YouTubers

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Sun, 03/29/2020 - 19:38
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  • Bitcoin (BTC) scammers know no quarantines or self-isolation. Dozens of fraudulent airdrops falsely endorsed by Bill Gates ask YouTubers to send in their Bitcoins.

Cover image via stock.adobe.com
Contents

Typically, fake YouTube airdrops are quite similar to each other. With the current pandemic enraging across the planet, a series of scams that impersonate Bill Gates have some distinct features.

With Bitcoin (BTC) Price Drop, Scammers are Getting Greedy

Just like in several other previous cases, the fraudsters launch fake 'live streams' on YouTube, asking users to send in their Bitcoins (BTC) in order to get redouble the initial amount.  An 'entry ticket' into to this scam starts at 0.1 BTC which is more than $650. With previous scams, it was much cheaper.

Fake YouTube Bitcoin (BTC) airdrop
Image via YouTube

The scammers also publish the URLs of this campaign, which are linked to suspicious websites. Unlike previous cases, fraudsters launch multiple live streams simultaneously. At press time of this article, at least two of them were active.

Multiple scam streams on YouTube
Image by YouTube

According to statistics, the average popularity of one live stream is about 30,000 viewers.

Very Bad Idea

Alongside that, launching fake airdrops on behalf of Microsoft's Bill Gates isn't a slam dunk for the fraudsters. It may seem ironic, but Mr. Gates is a prominent critic of cryptocurrencies, particularly of Bitcoin (BTC). He is sure that digital assets represent a kind of a ‘greater fool theory’ type of investment.

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Cryptocurrencies kill, added Mr. Gates. To him, its only use-case besides short-term speculations is illegal funding for drug trafficking:

Right now cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way.

The U.Today team will one more time state that no airdrop will be conducted without the notification from an official website of a product or token. Any YouTube, Medium, and/or Telegram announcements may shill scammers. Never send your money to unknown persons.

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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