Fake news is everywhere these days, and many unwitting people might have taken a fake news story seriously and clicked on “share” – or worse, used it to influence their investment advice. We’ve taken a look and rounded up some bitcoin fake news – plus tips on how to spot a fake news story.
You might’ve heard about this one – even though South Africa doesn’t have a Chuck E Cheese franchise – and you might’ve even shared it from the timeline of a friend abroad. But, alas, it’s not true according to fact-checking website Snopes.com. No, there wasn’t a scammer selling Chuck E. Cheese tokens as bitcoins, but that doesn’t mean you don’t have to be careful on the internet! Apparently, the original story was published by a parody news website – go figure!
Headline: Amazon Now Accepting Bitcoin!
Somewhere around the end of 2017, a couple of news links popped up claiming that you could now pay for Amazon purchases with cryptocurrency, it turns out that it was a simple case of news that jumped the gun. According to CNN, Amazon is – as of the time of writing – not accepting bitcoins yet.
What we can tell you as real news is that Amazon has bought three domain names that relate to cryptocurrency, which tells us that they just might be entering the game in the near future. Like we said, they jumped the gun just a little too soon.
Headline: PNP Accepting Bitcoin
In a spin of the story above, some outlets reported that South African retailer Pick n Pay has now started accepting bitcoin payments right at the checkout points. Again, this was a case of news jumping the gun: Pick n Pay noted that they only trialed bitcoin payments and it seems like only time will be able to tell us when they start accepting payments in cryptocurrency.
This one isn’t fake news, but a new scam that might just land in your inbox. According to News.com.au, Australians had been targeted with an email from an unknown sender that claims it has a virus attached originating from an adult website – and would expose your viewing history unless you pay them in bitcoin. We haven’t found any reports of this scam in South Africa, but we thought we’d warn our readers about it ahead!
Verifying a news story
Not sure if a news story is real or fake? Here’s what you can do to check it out.
- Look it up: Copy and paste the headline of the news story into your search engine and see if the news story has been debunked anywhere, or posted as news on any other news websites.
- Verify it elsewhere: Websites like Snopes.com and FakeNewsChecker keep an eye on the latest fake news and chain messages circulating the internet and tells you whether they are for real or should raise an eyebrow.
- Ask! If you spot any cryptocurrency news you aren’t sure about, get in touch with us and we’ll look into it for you. After all, we’re here to help you!
Have you spotted any fake news regarding cryptocurrencies or bitcoins online? Let us know, or if you have any questions about cryptocurrency don’t be afraid to ask!