The popularity of Cryptocurrencies has spurred an interest among prospective investors, so much that fake news sites are capitalising on this interest.
On any given website, there is a possibility of sponsored ads, specifically targeting an audience in a specific location.
With the virtual currencies like Bitcoin in vogue, links to “stories” on how to make money with bitcoin have been appearing randomly on browsers.
Every time one opens a site, links related to Bitcoin will pop out. Despite the rise of such sites, South Africans are advise to remain vigilant.
In December 2017 the mother of all cryptocurrencies, Bitcoin reached an all-time high when one Bitcoin was valued at just under U$20 000.
The high didn’t last long though and it has been declining in recent days, with Bitcoin trading at U$10 116 on Wednesday.
According to Kenya Wall Street, South Africa is among the top countries searching for “Bitcoin” on Google.
As I was looking for a tutorial on a work related tool, I came across an advert reading: “Why does Elon Musk invest in Bitcoin?”
Late 2017, there were newspaper reports on Elon Musk’s involvement with the digital currency, but the Tesla owner denied being the inventor named Satoshi Nakamoto.
