CRYPTOCURRENCY ADVERTISEMENTS META
Govt left with a losing hand as offshore RMG sites find a cheat code
Multiple users on social media platforms like X continue to complain that their money is stuck on offshore platforms such as Parimatch, 1Xbet and other sites that are beyond the direct reach of Indian regulators, even as these sites continue to attract users and their funds.
Bitcoin falls 30% as Google, gold and defence stocks outperform since 2020: Report
Google emerged as the best-performing asset in a Taurex study, gaining nearly 291% between 2020 and August 2026, while Bitcoin fell 30%. BAE Systems, gold, Apple and Microsoft also delivered gains of more than 100%. Defence stocks featured prominently among the top performers, benefiting from higher military spending, geopolitical tensions and increased global security expenditure.
Australian tycoon battles Meta over fake ads
Australian mining magnate Andrew Forrest is suing Meta in a US court. He claims Meta should be responsible for scam advertisements featuring his image. Forrest's legal team is challenging Meta's protection under Section 230 of the Communications Decency Act. This legal battle could set a precedent for social media accountability. A judge's ruling is expected soon.
Meta created 'playbook' to fend off pressure to crack down on scammers, documents show
Meta faced pressure over scam ads on Facebook and Instagram, especially from Japan. Internal papers show it reduced how easily regulators could find such ads, rather than fully fixing the problem. The company resisted strict advertiser checks worldwide to protect revenue, despite knowing verification would curb fraud.
Meta tolerates rampant ad fraud from China to safeguard billions in revenue
Meta found a large share of its China-linked ad revenue came from scams and banned products. Despite briefly cutting abuse, it eased controls after concerns about lost income. Internal records suggest Meta chose to tolerate higher fraud levels to protect billions in advertising revenue.
Mark Zuckerberg, serial witness, takes the hot seat again
Zuckerberg on Monday again took the hot seat, this time as the marquee witness in the Federal Trade Commission's landmark lawsuit accusing Meta of breaking antitrust law. Regulators sued the company in the U.S. District Court for the District of Columbia over its acquisitions of Instagram and WhatsApp, saying it used a "buy-or-bury strategy" to maintain a monopoly in social media.
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Under pressure, Telegram pulls off an elusive milestone: a profit
Telegram is known for being minimally moderated and hosting toxic material. Therefore, sceptics have been questioning how the company would turn in profits. Taking an unusual business path, it took advantage of its founder, Pavel Durov's, fame and fortune to sustain its business, took on debt, and entered the cryptocurrency market.
Meta, Australian banks tout progress on taking down 'celeb bait' scam ads
The U.S. social media giant said it took down the scam ads after receiving 102 reports since April from the Australian Financial Crimes Exchange, an intelligence-sharing body run by the country's main banks. Such scams are a global problem, but Meta is under heightened pressure to tackle the issue in Australia with Prime Minister Anthony Albanese's government planning to introduce an anti-scam law by the end of the year.
How 'deepfake Musk' became internet's biggest scammer
The scammers had edited a genuine interview with Musk, replacing his voice with a replica using AI tools. The AI was sophisticated enough that it could alter minute mouth movements to match the new script they had written for the digital fake. To a casual viewer, the manipulation might have been imperceptible.
Australia to bring anti-scam law targeting internet giants this year, regulator says
The Australian Competition and Consumer Commission (ACCC) and the treasury department are consulting internet, banking and telecommunications firms about creating a mandatory, enforceable anti-scam code which legally requires them take reasonable steps to protect users, including offering an effective complaint service.
Meta says it may block news from Facebook in Australia
Meta is considering blocking news content in Australia over licensing fees. The company awaits government decisions on fee regulations for tech giants, following similar actions in Canada. Agreements with Australian media may not be renewed, potentially impacting job cuts. Concerns arise over fraudulent ads and content moderation challenges within Meta.
Facebook owner Meta respects the law only when it suits, says Australia minister
Australia's financial services minister said that Meta, owner of Facebook and WhatsAPP sees itself above the law, harming economies and democracy worldwide with its anticompetitive actions. Assistant Treasurer Stephen Jones criticised Meta's behavior as a "corporate bully," especially its stance on licensing deals with Australian news media. After Canada introduced a similar law in 2023, Meta blocked links to news content in the country.
Meta must face Australian billionaire Forrest's US lawsuit over scam Facebook crypto ads
In a decision on Monday, US District Judge Casey Pitts in San Jose, California said Australia's second-richest person can try to prove that Meta's negligence in allowing the ads breached its duty to operate in a commercially reasonable manner.
Australian prosecutors drop billionaire Andrew Forrest's case against Meta
The decision is a setback for Andrew Forrest, the 37% owner of iron ore producer Fortescue Metals Group and Australia's second-richest person, in his quest to hold the internet giant accountable for the ads. A separate civil lawsuit he has filed against Meta over the ads in California is ongoing.
Australian prosecutors drop billionaire Andrew Forrest's case against Meta
Australian prosecutors discontinued Andrew Forrest's criminal case against Meta for scam cryptocurrency ads on Facebook. Forrest's civil suit in California over the ads is ongoing. He accuses Meta of enabling scammers to use its platform.
TikTok quietly changes user terms amid growing legal scrutiny
The terms were also changed to suggest that legal action must be brought within a year of the alleged harm from using the app. Previously, there had been no specified timeline.
Philippines to block access to crypto giant Binance
The Philippines will block access to cryptocurrency giant Binance, an official said Thursday, as part of a crackdown on online trading platforms operating in the country without licences.
8 penny cryptocurrencies under $1 you should keep an eye out for
A guide on the best penny cryptocurrencies to invest in today
Twitter is losing its most active users, internal documents show
"Heavy tweeters" account for less than 10% of monthly overall users but generate 90% of all tweets and half of global revenue. Heavy tweeters have been in "absolute decline" since the pandemic began, a Twitter researcher wrote in an internal document titled “Where did the Tweeters Go?”
Microsoft continues layoffs, sacks nearly 1,000: report
The company has confirmed the ‘role eliminations’. This is the third round of layoffs at Microsoft in four months. In July, the Big Tech firm fired nearly 1% of its 180,000-strong workforce across offices and product divisions as part of a ‘realignment’.
Recession fears hit Big Tech firms as Facebook parent Meta pauses hiring
Meta joins a growing list of tech firms such as Apple, Google, and Microsoft that have either paused hiring or started laying off staff
Top 5 cryptocurrency to invest in during a crypto bear market
Investors must be looking for what crypto to buy during a crash. Therefore, the sections below review 5 potential cryptocurrencies to hold in a bear market, which can provide remarkable gains in the future.
5 New cryptocurrency that could list on Binance
Guide on 5 new cryptocurrency that could be listed on Binance
8 New cryptocurrency presales to invest in for 10x 2022
Find out the best cryptocurrency presales to invest in this year.
CCI raids top ecommerce sellers; Snap cofounder calm on short-term volatility
Cloudtail has disappeared from Amazon’s platform. There are currently no listings under the giant seller, which was crucial to Amazon’s early success in India.
Australian watchdog sues Facebook-owner Meta over fake crypto ads
Meta said any ads that scammed people out of money or misled users violated its policies and the company uses technology to detect and block such posts, adding it had "cooperated with the ACCC's investigation into this matter to date."
Australian watchdog sues Facebook-owner Meta over scam advertisements
The lawsuit filed in the Federal Court also alleges Facebook "aided and abetted or was knowingly concerned in false or misleading conduct and representations by the advertisers," the ACCC said in a statement.
Top cryptocurrency prices today: Bitcoin, Terra gain up to 5%; Dogecoin slips
All the top-10 digital tokens were trading with decent gains. Terra gained more than 5 per cent and Bitcoin over 1 per cent. Dogecoin, however, fell marginally to slip to the eleventh spot.
Crypto Week at a glance: Excellent buy opportunity, Metaverse is the next big phenomenon
What is “Metaverse”? Metaverse is the hypothesized next iteration of the internet, supporting decentralized, persistent online 3D virtual environments. It is a virtual world that is accessible via a virtual-reality headset, augmented-reality glasses, smartphones, PCs, and game consoles.
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