Facebook Crypto Ads Blocks Doesn't Work

Advertisement about "BlTC0lN" pass thru the Facebook filter, using the "L" instead "i" and Zero instead "O"
06 February 2018   566

Last week, Facebook banned the advertising of crypto, ICO and binary options. Despite this, users continue to see ads from the banned list. A representative of the social network, in response to a request from the Motherboard portal, confirmed this information.

Facebook told about the ban last week in a blog post. More specifically, the company said it was banning advertisements for “financial products and services that are frequently associated with misleading or deceptive promotional practices.” This included cryptocurrencies and ICOs but also financial tools like binary options. Facebook stated that the ban is “intentionally broad,” and may be fine-tuned later.

Getting around spam filters, bans, or otherwise trying to trick consumers with little typos is a long running practice.

Japan to Tighten Regulation Due to Zaif Hack

$ 62 000 000 worth cryptocurrency was stolen from the Zaif exchange few weeks ago
25 September 2018   82

Hacking of Zaif exchange is the reason for toughening control over the market by the financial regulator of Japan, Reuters reports.

The first measure taken was administrative sanctions against the exchange and its operator Tech Bureau Corp. The Financial Services Agency (FSA) has expanded the list of requirements for the latter, pointing out the need to identify preventive measures and search for the organizers of the theft.

Shortly before that, researchers of the Japanese financial company Tech Bureau Corp could not provide details of the theft of $ 62 million from the Zaif crypto exchange at the request of the FSA. The Osaka-based operator had to investigate the causes, consequences of the theft and options for compensating the victims. According to the Agency, the financial company could not cope with the task.

According to the Tech Bureau, the exchange was hacked on September 14 within a few hours. The problem with the server was discovered by the site staff on 17 September. Official confirmation of the incident and notification of the authorities was made only a day later.

Recall, the theft of $ 60 million from the Japanese stock exchange Zaif caused a surge of volatility of bitcoin. For a short time the price was able to overcome the distance of $ 400.