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The Australian Competition & Consumer Commission (ACCC) has filed suit against The Artist Formerly Known As Facebook over its publication of ads allegedly featuring celebrities peddling a supposedly surefire-route to cryptocurrency riches.
The regulator has gone after Meta under Oz consumer law that prohibits false, misleading, or deceptive conduct, and under investment laws.
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Even he can’t make them look not tacky
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Thailand’s Securities and Exchange Commission (SEC) announced on Wednesday a ban on using cryptocurrencies and other digital assets as a means of making payments.
Trade in the digital currencies will continue to be permitted, but as assets only.
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But why can’t they just, you know, capture the gas and not waste it on Bitcoin mining?
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Oh Bill…
The article has enough disdain in it that I feel no need to add any
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Some shitty pet farming game is connected to over “$625 million” of crypto?
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A clip from a Ryan Brodrick piece about it:
" The basic startup cost for Axie Infinity can be as high as $1,000, which has led to a “robust” in-game economy where people join guilds and even rent Axies, the game’s collectible monsters. Basically, imagine if Pokémon allowed you to engage in debt slavery."
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Ha! Ha!
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The Fyre Festival of Clearview AIs. It’s too bad that Thiel has already swiped the name Palantir, because it would be perfect for these soul-stealing orbs.
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ETA:
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What’s it called, when grifters target a specific demographic as marks and tell them that being excluded from the grift is a form of oppression?
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