Snapchat joins the ban on cryptocurrency ads

Snapchat changed policy on the crypto-related advertisements – now ICOs have to look for another ad-provider, general cryptocurrency ads are for now unaffecte
22 March 2018   451

Recently there has a been a surge of large online platforms banning cryptocurrency and/or ICO advertisements. At first it was Facebook, after that – Google's AdWords platform and now Snapchat joins their ranks.

According to reports, the Snapchat's parent compnay Snap Inc. has benn working on changing its policy since February 2018. The restriction imposed won't affect all the cryptocurrency-related ads, but token sales advertisements are outright banned from now on.

CoinDesk asked the Snapchat representative for further clarification and they confirmed the rumors:

The move makes Snapchat the latest social media platform to ban ads for cryptocurrency ICOs, an increasingly popular form of raising money by issuing virtual tokens instead of more traditional company shares.

The decision to ban only the ICO-related ads seems quite tame in comparison to Facebook and Google's policy on the matter. As usual, the rumors go on to state, that current ban was fueled, again, by US SEC repeated warnings about protecting users from scammers, raising money for non-existent start-ups. While the representative failed to either confirm or deny such claims, it seem quite possible that it was the case.

Ethereum VM May Have Vulnerability

The vulnerability is reported by NettaLab Twitter account
12 November 2018   65

On November 9, a statement appeared in Netta Lab’s Twitter account that the organization discovered a vulnerability in the Ethereum virtual machine that allows to execute smart contracts endlessly without paying for gas online. The researchers also allegedly turned to the operator of the American database of vulnerabilities, where they registered the corresponding discovery.

Netta Labs discovered an Ethereum EVM vulnerability, which could be exploited by hackers. The vulnerability can cause smart contracts can be executed indefinitely without gas being paied.
 

Netta Lab's Twitter

At Netta Lab's request, Google demonstrates the site of the netto.io project, which specializes in auditing smart contracts under the Netta Lab brand, but the Twitter accounts of the projects do not match. Note that the profile that reported the vulnerability was registered in November.

Many users expressed doubts about the authenticity of the information that appeared, but then the creator of the NEO project Da Hongwei said that he spoke with the CEO of Netta Labs and asked the researchers to audit the NEO virtual machine.

Nevertheless, Vitalik Buterin wrote on Reddit that this is a vulnerability in the Python-implementation of the virtual machine, which was first reported on GitHub 9 days ago. This means that the main clients (go-ethereum; parity and cpp-ethereum) are not affected.