Social Media Platforms Trying to Shut Down Crypto Scams
Social Media Platforms Trying to Shut Down Crypto Scams
The world of cryptocurrency is ripe with excitement.
However, it’s just as ripe with scams. In fact, a growing number of entities are doing their part to try to curb some of these scams and protect those interested in investing in cryptocurrency.
Recently, Twitter announced that it’s trying to stop all alleged scams related to digital currencies that are being spread via the social media platform. Twitter is not the first social media giant to take this step, either. Facebook has taken similar steps, recently, including banning all ads tied to cryptocurrencies.
According to a Twitter spokesperson, who spoke to Bloomberg News, the social media company is aware of cryptocurrency-related “manipulation,” and is working to “prevent these types of accounts from engaging with others in a deceptive manner.”
The company made the statement after it had restricted an account by the name of “@Bitcoin handle,” saying: “Caution: This account is temporarily restricted. You’re seeing this warning because there has been some unusual activity from this account.”
The company intends to keep a close eye on all crypto-related accounts and posts in an effort to prevent scammers from taking advantage of Twitter users with deceptive practices. Social media platforms are not alone in this crackdown. Regulators, including the U.S. Securities and Exchange Commission, are also stepping in, in an effort to crackdown on scammers in the digital coin industry.
We hope you found this article about “Social Media Platforms Trying to Shut Down Crypto Scams” helpful. If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page or our website at www.GROCO.com. Unfortunately, we no longer give advice to other tax professionals gratis.
To receive our free newsletter, contact us here.
Subscribe to our YouTube Channel for more updates.
Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com. GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.
Alan L. Olsen, CPA, Wikipedia Bio
GROCO.com is a proud sponsor of The American Dreams Show.
The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.
Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.
The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.
They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..
American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:
Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…
MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness. It’s mission statement:
In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.
Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.
From Combat Boots to Investor Suits with Jason Lehtinen, Managing Director at Collaborative Capital
Transcript: Alan Olsen Hi, this is Alan Olsen and welcome to American Dreams. My guest today is Jason Lehtinen Jason, welcome to today’s show. Jason Lehtinen Thank you Alan, its a pleasure to be here. Alan Olsen So Jason, you have a unique background and I know in the in your past you’ve…
The Art of Building Authority through Books with Anna David, Author & Founder of Legacy Launch Pad Publishing
Transcript: Alan Olsen I’m Alan Olsen and welcome to American Dreams. My guest today is Anna David. Anna, welcome to today’s show. Anna David Thank you so much for having me, Alan. Alan Olsen So Anna you came is a recommendation of Joe Polish. And I think both of us have that common connection. And…
The Power of Emotional Intelligence in Negotiation with Former FBI Lead International Kidnapping Negotiator Chris Voss
Transcript: Alan Olsen Hi, this is Alan Olsen and welcome to American Dreams. My guest today is Chris Voss, Chris welcome to today’s show. Chris Voss Alan Thank you very much happy to be here. Alan Olsen Chris You have an amazing background and you know for the listeners can you walk us through your…
Treating The Pain Behind Addiction with Joe Polish, Founder of Genius Recovery
Transcript: Alan Olsen Hi, this is Alan Olsen and welcome to American Dreams. My guest today is Joe Polish. He Joe’s done a lot of things today we’re going to talk about his book, The Miracle Morning for addiction recovery. And, Joe, welcome to today’s show. Joe Polish Thank you, Alan. So good to be…