Facebook released a new policy on advertising to ban all cryptocurrencies, including binary options (financial contracts that give the buyer the right to buy or sell an asset for a specified price on or before a certain date), Initial Coin Offering (ICO). Stated on January 30 in a blog post by Facebook Product Management Director Rob Leathern, most services and activities from these ventures are often related and associate with deception.
Scammers have taken advantage of newly known notoriously dodgy initial coin coin offerings, bitcoin, ethereum, litecoin and crptocurrency in general to make huge gains from it’s predators. Facebook made examples like these:
- “Start binary options trading now and receive a 10-risk free trades bonus!”
- “Click here to learn more about our no-risk cryptocurrency that enables instant payments to anyone in the world.”
- “New ICO! Buy tokens at a 15% discount NOW!”
- “Use your retirement funds to buy Bitcoin!”
…use our retirement funds to buy Bitcoin? What a great idea!
Facebook director Rob Leathern made remarks on these assertions to keep us all safe and not become a victim to these scammers.
“We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception. That said, there are many companies who are advertising binary options, ICO’s and cryptocurrencies that are not currently operating in good faith.”
“This policy is intentionally broad while we work to better detect deceptive and misleading advertising practices, and enforcement will begin to ramp up across our platforms including Facebook, Audience Network and Instagram. We will revisit this policy and how we enforce it as our signals improve.”
Facebook sympathizes with all fair advertisers on their platform because this will also affect them, since its quite broad. The company is also doing this for a time being to identify frauds related to these areas indicated above. Facebook will eventually reconsider this policy in the future for all. Users are also encouraged to report contents that violates these rules.
China’s $20B Mega Bridge
While U.S Sanctions and penalties appear to be certain for Hong Kong, that won’t stop the economy from growing. With a multi-billion dollar international-made bridge valued at more than $20B. The Mega Bridge included a joint-partnership between at least 14 countries says Gao Xinglin (Bridge Team Leader). Included in the mega project are experts from The United Kingdom, The United States, Denmark, Switzerland, Japan and Poland.
“We hope that the friends from the press can take this opportunity to see the new accomplishment of China in the new era and fresh progress of the ‘one country, two systems'”, Song Ruan, deputy commissioner at the Chinese Ministry of Foreign Affairs, told reporters at this week’s
Hong Kong, a former British colony, returned to China in 1997 under a “one country, two systems” agreement that ensured its freedoms, including a separate legal system.
While the mega bridge is a staggering 55km-long and about 6 lanes wide, it’s set to connect Macau and China’s mainland in an unprecedented way. Though it’s reported to have created some criticism for the hefty price tag and fatalities, that didn’t hinder the Chinese Economy from taking a stance in advancing the way we travel.
The bridge is expected to increase the Economy while also cutting travel time in half.
Certainly, the Mega Bridge should bring tons of revenue for the economy, though it’s been temporarily halted from opening until Chinese authorities are able inspect the bridge. It’s been estimated that more than 40,000 vehicles are expected to travel across the mega bridge each day.
Video Credits: Aljazeera
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Germany: Governement confirms computers breached by hackers
According to local media reports in Germany, the country’s government has confirmed that there was a cyber attack on the government’s computer networks and it’s investigating the matter.
The country’s interior ministry said on Wednesday that the incident was “isolated and [had been] brought under control within the federal administration”.
German news agency DPA reported on earlier on Wednesday that hackers had used malware to target Germany’s foreign and defence ministries and steal data.
The hacking appeared to have originated from the APT28 group, also known as Fancy Bear, which many experts think has ties with the Russian government, DPA reported.
The news agency said the attack had been detected by German authorities in December and possibly lasted more than a year.
The interior ministry did not respond to the allegations that APT28 was behind the attack.
A spokesperson said appropriate measures had been taken to investigate the breach and protect data.
Moscow has denied involvement with the group, which has been blamed for operations including an attack on the German parliament in 2015, and the Democratic National Committee in the run-up to the 2016 US elections.
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