Tag: Conspiracies

Crypto influencers allegedly weaponize conspiracies to fleece QAnon followers

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Two QAnon-affiliated conspiracy theorist influencers allegedly caused their followers millions of dollars in losses by running a cryptocurrency pump-and-dump scheme. The pair reportedly persuaded their thousands of followers to invest in a portfolio of cryptos, presenting a misleading mix of conspiratorial and genuine content along with claims about institutions backing the tokens to generate hype and raise the price of the portfolio. The allegations are included in an investigation by Logically, a group of data scientists and developers. It reported the two influencers running the Telegram channels “WhipLash347” and the…

Bill Gates Finally Reacts to His Name Dragged into COVID-19 Conspiracies

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“Nobody would have predicted that I and Dr. Fauci would be so prominent in these evil theories,” said Bill Gates. The conflicting information about the source of the COVID-19 left social media users room for speculation and conspiracies of which Bill Gates, the co-founder of Microsoft Corporation (NASDAQ: MSFT) and Philanthropist, and Anthony Fauci, US Infectious Disease expert became the main subjects. According to Bill Gates, this comes as a surprise as he least expected people to drag his name into those “Crazy Conspiracy Theories” on social media. “Nobody would…

As ProgPoW Aimed at Stopping ASIC Mining Gets Supporting Votes, New Conspiracies and Debates Appear

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Ethereum (ETH) network users have unanimously supported the ProgPoW algorithm, which is expected to make the platform resistant to application-specific integrated circuit (ASIC) miners. Initially, opponents of the update prevailed over supporters by a margin of 96 percent, according to a Cointelegraph report on Feb. 15. The current scenario is exactly opposite, with 94 percent of voters favoring the implementation of ProgPoW, as evidenced by the Etherchain charts. What is ProgPoW? Simply put, ProgPoW is a version of the proof-of-work (PoW) algorithm, which is supposed to smooth the transition of…