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Cameron Winklevoss Explains How Instagram Can Delete Fake Accounts

News
Tue, 05/26/2020 - 15:16
Alex Dovbnya
Cameron Winklevoss, the co-founder of crypto exchange Gemini, explains how Instagram can easily spot phony accounts
Cameron Winklevoss Explains How Instagram Can Delete Fake Accounts
Cover image via en.wikipedia.org
Contents

Gemini co-founder Cameron Winklevoss is getting annoyed by the increasing number of bogus Instagram accounts that impersonate him, and the photo-sharing behemoth seems to be reluctant to tackle this hot-button problem.

Hence, he decided to take the matter in his own hands by offering Instagram a comprehensive guide on how to detect the phonies in a recent Twitter thread.
   
He believes that it would prevent his impostors from scamming people out of crypto. 

Doing Instagram’s job

One of the two ‘Bitcoin billionaires’ claims that scammers tend to create exact copies of his verified account in order to add credibility. The same applies to his brother Tyles Winklevoss. 

Hence, he says that it could be possible for Instagram to detect and delete such matches.

Taking this a step further, Winklevoss suggests identifying odd patterns in an account's behavior to determine whether it’s legitimate if there is no verification mark.   

Those profiles that tend to be routinely impersonated should be marked as ‘high risk,’ which would make it easier to suspend fake profiles.    

Social media in hot water

Numerous prominent members of the cryptocurrency industry have already complained about scams on social media that use their names for luring investors. This includes Ripple CEO Brad Galringhouse who slapped video streaming giant YouTube with a lawsuit for clamping down on XRP-related frauds back in April.

Facebook has also been taken to court on numerous occasions for not rushing to staunch fake advertising related to crypto. 

Recently, Blockstream CEO Adam Back also slammed Twitter for ‘going AWOL’ after a tweet with his impostor who claimed to be Satoshi went viral.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)