FAKE COVID-19 TREATMENTS ASK FOR BITCOIN PAYMENTS ON SOCIAL MEDIA

Posted 27 March, 2020

SCAMMERS SELLING FALSE HOPE & ASKING FOR BITCOIN

 

The site to combat counterfeiting in Russia was closed. Screenshots show that he offers the so-called vaccine in doses of up to three people. She said she is affiliated with Australian National University in Canberra.

Although extensive research is ongoing, there is currently no drug or vaccine available for COVID-19. However, it is not surprising that scammers will try to exploit the current crisis by promoting fraud. Any so-called procedures sold over the Internet should be avoided. Some media outlets, such as Alex Jones, have been told to stop promoting supplements and alternative medicines that they say would fight the disease.

Criminals are also trying to earn money by creating fake charitable and auxiliary organizations. Many are looking for donations through Bitcoin. Therefore, any group claiming to be of assistance during the current outbreak should be thoroughly investigated. The Better Business Bureau has a website dedicated to this issue.

One safe way to donate is to choose an established organization such as the Red Cross. The Italian Red Cross trip has already raised thousands of euros to help the coronavirus. Donations for Bitcoin to the International Red Cross can be made through BitPay.
 

 

LEGITIMATE PROJECTS USE SCIENCE AND REAL DATA

 

A growing number of legitimate blockchain applications for core Bitcoin technology can help fight the coronavirus. One of them is the Stanford University project, which is now seeking help from bitcoin and cryptocurrency miners. This year, volunteers donated unused cycles of their computer for protein research. Folding @ home is currently releasing a version of this program for learning COVID-19, which can be very useful for accessing the GPU.

In addition, proposals to combat the virus using Blockchain technology have sparked numerous collective initiatives. One is Covidathon, an eight-week hackathon sponsored by SingularityNET and Ocean Protocol. Blockchain-based applications are also under development. Some seek to create anonymous, interactive infection point nodes that can provide consistent data to both health care providers and the general public. Others promise to better manage the complex logistics of delivering critical medical equipment.

It is important to note that as COVID-19 grows, it becomes increasingly important to distinguish between honest projects and those who seek to exploit society by providing false hope.

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30 March, 2020 11:18

← BITCOIN PRICE TO CRASH BACK TO $3.8K, VETERAN ANALYST PREDICTS

If you’re taking solace in Bitcoin’s recovery over the last few days, it may be time to catch your breath. According to one veteran analyst Fil₿ Fil₿, we’re about to see a Bitcoin price crash to as low as $3.8K.
 

BITCOIN PRICE TO CRASH BACK TO $3.8K, VETERAN ANALYST PREDICTS

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26 March, 2020 15:25

WILL BLOCKCHAIN AND CRYPTO BE USED AGAINST US AFTER COVID-19 CLEARS? →

More than a decade ago, Satoshi Nakamoto unveiled an intelligent virtual money system based on blockchain, which could be adopted globally without the fear of government or corporate control, except the very unlikely 51% attack threat. However, what if the very same technology created to save us will actually be used against us?

WILL BLOCKCHAIN AND CRYPTO BE USED AGAINST US AFTER COVID-19 CLEARS?
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