Cryptocurrency Info Today

Steve Wozniak sues Google, YouTube over crypto scams

Posted on by admin

Apple co-founder Steve Wozniak has sued Youtube and Google; for allowing bitcoin giveaway scams that impersonate him to thrive on their platform.

by Daniel Abel – July 30, 2020


Steve Wozniak and 17 other individuals filed the lawsuit against Google’s Youtube in a Superior Court of the State of California. Represented by Cotchett, Pitre & McCarthy, they are seeking damages for giveaway scams running on Google’s YouTube platform for months.


The lawsuit alleged that the profile and likeness of other popular tech entrepreneurs such as billionaire Bill Gates, Tesla’s Elon Musk, and Michael Dell were also exploited in the giveaway scams.

Additionally, Steve Wozniak, in the lawsuit, accused the video-sharing giant of not doing enough. To prevent millions of dollars in cryptocurrency to be stolen in the giveaway scams by perpetrators using his likeness.

Apple co-founder in the lawsuit claims the giveaway scams caused harm to him and the other 17 individuals’ reputations. Alleging, that Google and YouTube actively promoted and profited from the defamation while knowingly providing targeted advertising for the scammers.

“If the video-sharing giant had acted swiftly to prevent these giveaway scams to an extent, we won’t be in this current situation. YouTube, and its parent firm Google, need to employ better algorithms and added special effort like building custom software to curtail these cases of criminal activity,” Steve Wozniak said.


Ripple’s class-action lawsuit against YouTube


Notably, while Steve Wozniak is suing YouTube for allowing scammers to use his identity to defraud individuals of their crypto. The video-sharing giant is already in a lawsuit served by Ripple Labs, and it’s CEO Brad Garlinghouse. Accusing YouTube of not preventing XRP giveaway scams on its platform that induced monetary damage for its users and hurt Ripple’s reputation.


Ripple, in its lawsuit, issued sets off outright demand for the video-sharing giant to abide with. This includes being more aggressive and proactive in identifying these giveaway scams. When identified, the scams should be removed immediately and, most importantly, not profit from these scams.

However, the video platform YouTube as a response recently filed a motion to dismiss Ripple’s lawsuit, stating it isn’t liable for crypto scammers using its platform. The video-sharing platform noted that Section 230 of the Communications Decency Act protects it from Ripple’s allegations, and therefore the case should be dismissed.


YouTube, in its lawsuit, further argues that it did not knowingly put up any of the scams or copyright infringement. And cannot be held accountable for any third-party content on its platform. Also, adding that it shut down such scams immediately, it is alerted to it.


Increase in crypto scams impersonating celebrities and tech entrepreneurs


In the first half of 2020, there has been an uptick in the number of crypto scams impersonating famous individuals. Such as Steve Wozniak, Joe Biden, Elon Musk, Daniel Craig, among others.

These scams have invariably led to a huge class-action suit against social media platforms where they are published. Recently, Qatari billionaire, Wissam Al Mana, sued Facebook over crypto scam advertisements involving his image in the Middle East.

Visa Jumps on the Crypto Bandwagon

Posted on by admin

Author: George Georgiev Last Updated Jan 30, 2021 @ 20:06


Visa, the multinational financial services corporation, might be joining the cryptocurrency bandwagon.

In the company’s fiscal first-quarter 2021 earning call, the CEO of the company, Al Kelly, said that they are in a position to make cryptocurrencies more “safe, useful, and applicable.”


In this space, we see ways that we can add differentiated value to the ecosystem. And we believe that we are uniquely positioned to help make cryptocurrencies more safe, useful, and applicable for payments through our global presence, our partnership approach and our trusted brand. We think of the crypto market in two segments.


This is where it got even more interesting as the CEO of Visa called Bitcoin digital gold.

First, there are cryptocurrencies that represent new assets such as Bitcoin. Second, there are digital currencies or stable coins that are directly backed by existing fiat currencies. We see all currencies in that first segment as digital gold.

He went on to explain that these are “predominantly held as assets that are not used as a form of payment in a significant way at this point.” He also explained that their strategy would be to work with wallets and exchanges “to enable users to purchase these currencies using their Visa credentials to cash out onto our Visa credential to make a fiat purchase at any of the 70 million merchants where Visa is accepted globally.


visa-world-cup-2018_facade-marriott-min

Visa, PayPal, Things Are Looking Serious


Visa is far from being the first company that eyes cryptocurrencies as a legitimate payment method, despite the regulatory hurdles that riddle the space.

Last year, PayPal, the leading online payment processor, said that it will allow its customers to hold, buy, and sell Bitcoin and other cryptocurrencies using fiat. Staying true to its words, the company did so and even saw its trading volumes skyrocket.

Indeed, 2020 was a good year for cryptocurrency adoption. Besides the above, we saw big public companies such as MicroStrategy put BTC on their balance sheets, pushing institutional adoption to a new level. As it seems, 2021 will perhaps be no different.

Solutions for your own Business

Posted on by

Continuous Growth

There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even slightly believable. If you are going to use a passage of Lorem Ipsum, you need to be sure there isn't anything embarrassing hidden in the middle of text. All the Lorem Ipsum generators on the Internet tend to repeat predefined chunks as necessary, making this the first true generator on the Internet. It uses a dictionary of over 200 Latin words, combined with a handful of model sentence structures, to generate Lorem Ipsum which looks reasonable. The generated Lorem Ipsum is therefore always free from repetition, injected humour, or non-characteristic words etc.

There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even slightly believable. If you are going to use a passage of Lorem Ipsum, you need to be sure there isn't anything embarrassing hidden in the middle of text. All the Lorem Ipsum generators on the Internet tend to repeat predefined chunks as necessary, making this the first true generator on the Internet. It uses a dictionary of over 200 Latin words, combined with a handful of model sentence structures, to generate Lorem Ipsum which looks reasonable. The generated Lorem Ipsum is therefore always free from repetition, injected humour, or non-characteristic words etc.

  • Contrary to popular belief, Lorem Ipsum is not simply random text.
  • Contrary to popular belief, Lorem Ipsum is not simply random text.
  • Contrary to popular belief, Lorem Ipsum is not simply random text.
  • Contrary to popular belief, Lorem Ipsum is not simply random text.
  • Contrary to popular belief, Lorem Ipsum is not simply random text.

All the Lorem Ipsum generators on the Internet tend to repeat predefined chunks as necessary, making this the first true generator on the Internet. It uses a dictionary of over 200 Latin words, combined with a handful of model sentence structures, to generate Lorem Ipsum which looks reasonable. The generated Lorem Ipsum is therefore always free from repetition, injected humour, or non-characteristic words etc.

Make your Delivery Faster with our services

Posted on by

Management

There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even slightly believable. If you are going to use a passage of Lorem Ipsum, you need to be sure there isn't anything embarrassing hidden in the middle of text. All the Lorem Ipsum generators on the Internet tend to repeat predefined chunks as necessary, making this the first true generator on the Internet. It uses a dictionary of over 200 Latin words, combined with a handful of model sentence structures, to generate Lorem Ipsum which looks reasonable. The generated Lorem Ipsum is therefore always free from repetition, injected humour, or non-characteristic words etc.

Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance.

Team

There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even slightly believable. If you are going to use a passage of Lorem Ipsum, you need to be sure there isn't anything embarrassing hidden in the middle of text. All the Lorem Ipsum generators on the Internet tend to repeat predefined chunks as necessary, making this the first true generator on the Internet. It uses a dictionary of over 200 Latin words, combined with a handful of model sentence structures, to generate Lorem Ipsum which looks reasonable. The generated Lorem Ipsum is therefore always free from repetition, injected humour, or non-characteristic words etc.

team1
team2

Make your Investment wisely

Posted on by

Expert In Investment

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.

Lorem ipsum dolor sit amet Lorem ipsum dolor sit amet, Lorem ipsum dolor sit amet Lorem ipsum dolor sit amet.There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even slightly believable.
- John

If you are going to use a passage of Lorem Ipsum, you need to be sure there isn't anything embarrassing hidden in the middle of text. All the Lorem Ipsum generators on the Internet tend to repeat predefined chunks as necessary, making this the first true generator on the Internet. It uses a dictionary of over 200 Latin words, combined with a handful of model sentence structures, to generate Lorem Ipsum which looks reasonable.

Hello world!

Posted on by admin

Welcome to WordPress. This is your first post. Edit or delete it, then start writing!