Twitter

The outbreak of coronavirus triggered a significant growth of cryptocurrency scams in early 2020. Now, the second wave of the pandemic might trigger another boost of fraudulent activity.

Jack Dorsey, the co-founder and CEO of Twitter, has recently revealed that the company has created a special team who will be working on designing a public blockchain platform and open Twitter protocol, calling it “a future” for Twitter.

The interest in cryptocurrency seems to grow as new people join the community. Compared to other communities, the cryptocurrency ecosystem is a relatively nascent community because the first cryptoasset was launched in January 2009, meaning that it is just over one decade into existence.

Fake news related to cryptocurrency, Coronavirus pandemic, and other fields that spread through social media like Facebook, Google, Twitter etc., are becoming a problem. That is why the European Commission urged the giants to strengthen measures against misinformation.

American online video-sharing platform YouTube has banned the channel of another popular cryptocurrency enthusiast.

Twitter seems to be still vulnerable to hacks. A group of cyberattackers under the name ‘John Wick’ have gained access to the account of India’s Prime Minister (PM) Narendra Damodardas Modi and used it to promote a fake cryptocurrency schema.