A local network information department has been asked to probe 500 business entities that are 'involved in the promotion and speculation of virtual currency.' socialmedia cryptomining
Nearly 13,000 Chinese social media accounts that allegedly promoted virtual currency investments were closed, the Cyberspace Administration of China recently revealed. In addition, some 51,000 social media posts with content relating to the marketing or promotion of investments in virtual currencies were removed.A Chinese regulator, the Cyberspace Administration of China reportedly said 12,000 “illegal user accounts” on Weibo and Baidu that promoted virtual currency investment have been closed.
At the same time, 51,000 social media posts whose content promoted investments in virtual currencies were removed. In addition, the CAC is also reported to have “shut down 105 website platforms such as ‘Bi Toutiao’ which specifically advocates for virtual currency marketing and publishes tutorials explaining cross-border currency speculation and virtual currency mining.
In a warning to Chinese internet users, the CAC said they first need to establish the right investment concept as well as avoid participating in speculative trading. Internet users also need to “guard against personal property damage.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nearly 2,500 flights delayed, hundreds canceled on Monday after weekend of disruptionsAirline delays have increased throughout the second quarter as well as into July and August, according to FlightAware. Meanwhile, cancellations have been down.
Read more »
Nearly Half of Singaporeans Want to Travel to One Place – and It's Not MalaysiaJapan is the top choice for Singaporean travelers this year, but many are confused about how to get in. A Singaporean travel agent living in Japan explains.
Read more »
Ferrari Recalls Nearly Every Car It's Made Since 2005 For Possible Brake FailureThe issue is the result of a potentially faulty brake fluid reservoir cap that might not allow enough pressure to ventilate, leading to leaking fluid.
Read more »
California gas prices are down nearly $1 since peaking in JuneExperts warn to take this dip in prices with caution as some believe this is being driven by a weakening U.S. economy.
Read more »
Mother From San Diego Fights Through Hard Times, Loses Nearly Everything in Oak FireA San Diego mother who moved to Mariposa County is among the people who lost everything in the Oak Fire and she’s learning some things are harder to replace than others.
Read more »
‘New era in digital biology’: AI reveals structures of nearly all known proteinsThe artificial intelligence company DeepMind has unveiled the likely structures of nearly all known proteins—more than 200 million from bacteria to humans.
Read more »