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How To Avoid Cryptocurrency Scams On Instagram

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In general, scams, Ponzi schemes, and fraudulent activities in decentralized financial and blockchain technology are not new occurrences. Over the years, there are have been classic instances when crypto scams have been carried out successfully. Furthermore, Ponzi schemes still make a huge amount of money on blockchain activities.

According to CipherTrace reports, cybercriminals were able to siphon away over $4billion from cryptocurrency users and exchanges in 2019 alone. One of the earliest crypto scams was carried out through a hack on Mt. Gox, the world’s leading bitcoin exchange at the time. Despite handling over 70% of the world’s bitcoin transactions in 2013, the exchange platform suspended trading, shut down its website, and filed for bankruptcy a year later because of crypto fraud. The exchange platform announced that over 800,000 bitcoins belonging to customers were missing.

Following these prominent cryptocurrency scams, one wave of fraud that is becoming more popular in recent times is crypto scams on Instagram. “Crypto Instagram” is becoming a thing, and frauds tend to easily use these mediums to perpetuate their scam agendas. For instance, a Coindesk report shows that over 1.3 million Instagram posts using #Coinbase, to advertise crypto schemes that do not relate with Coinbase company.

You tend to wonder how these heists were successfully carried out, despite the anonymity that crypto token provides to its users and owners. In this article, you will find essential ways to help you detect and avoid crypto scams on Instagram, and they can apply to similar social networks as well. Let’s briefly discuss some actionable tips:

  1. Avoid Fake Crypto Accounts: Recently, there has been an increase in the emergence of fake crypto accounts on Instagram. The reason is not far-fetched, as the crypto market is rapidly and more people are looking to get involved in the system. This gives an avenue for fake crypto accounts to take advantage of ignorant traders and investors. Typically, these fake accounts will attract traders and investors by offering exciting deals like free cryptocurrencies, competitive prices, low exchange fees, and the likes. 

To avoid being scammed, you must look up the identity of the accounts, read some reviews in the comment section and carry out other background checks to be very sure of the authenticity of the accounts.

  1. Avoid Crypto Payments on Instagram: One of the major issues with crypto transactions on Instagram is that they don’t have chargebacks. This means it is impossible to reverse any payments made. Therefore, you must be on the lookout for the methods of payments offered by the seller. If the vendor only allows payment in cryptocurrency, try to find an alternative means of payment, or avoid the contract. 
  2. Recognize Malwares: Scammers, on Instagram as well, use malware to carry out crypto fraud, and if proper care is not taken, you can easily fall victim. This type of scam operates when the malware hijacks your clipboard data, if you click on it, and you will directly send your funds or coins to the scammers. Therefore, you must be careful of the type of links you access on your devices.
  3. Beware of Instagram Ponzi Schemes: The Ponzi scheme is a pyramid scheme of a business model that pays members based on how many new members that they refer and enroll. This becomes an issue because when no new members join, the pyramid crashes. The best way to avoid this is to stay clear of groups that provide these services because it will come crashing down in no time.
  4. Fake Giveaways: It is common for fake crypto investors on IG to announce giveaways and promos. They will offer free cash prizes, a huge amount of crypto assets, and so on if you follow certain instructions. This may seem easy to detect, but it may be difficult for new crypto traders and investors. However, most of these promos are fake and will lead to a loss of investments. It is best to avoid them.
  5. Pump and Dump Schemes: Sometimes, these Instagram crypto scammers buy a new altcoin and push the agenda to you that it will do multiple returns on investments. As soon as the investment begins, the new coin will increase in prices, but they quickly sell off and make profits when this happens. This results in a dump on new investors. 

You should know the type of coin before you trade and invest in them. Also, check for more realistic pictures and available images on the seller’s handle. This will put your crypto investments on the safe side and avoid scams.

  1. Make Payments with Credit or Debit Cards: When carrying out crypto transactions on IG, this method of payment seems safe because chargebacks do not apply to crypto and fiat currencies due to the blockchain’s irreversibility. Therefore, you will be on the safe side when doing your crypto dealings on Instagram.

In all, crypto trading and investment are not immune to criminal activities carried out by perpetrators. you must be vigilant enough to observe any fraudulent dealings in your transactions online. Report and flag any IG handle that carries out any suspicious activity.

From television to the internet platform, Jonathan switched his journey in digital media with Bigtime Daily. He served as a journalist for popular news channels and currently contributes his experience for Bigtime Daily by writing about the tech domain.

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AI in Placemaking: How ERA-co is Using Smarter Data to Build Better Cities

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ERA-co is exploring new ways to apply AI in urban design, utilizing data-driven tools to support more thoughtful and responsive placemaking. Rather than replacing human insight, the firm sees artificial intelligence as a partner — one that can enhance how designers understand and shape the spaces where people live, move, and connect. 

This approach isn’t about flashy tech or fully automated cities. It’s about asking better questions, revealing patterns we might otherwise miss, and using that knowledge to make decisions rooted in real-world behavior. For ERA-co, AI becomes most valuable when it helps clarify how a city works, layer by layer, so design teams can create places that are not only efficient but also livable and meaningful. 

Understanding complexity before optimization

Before talking about smart tools or predictions, ERA-co begins with a foundational question: “What kind of problem is a city?” Nicolas Palominos, Head of Urban Design and Strategy R&D at ERA-co, references the work of Jane Jacobs to frame this. 

“As Jacobs reminds us, cities exhibit complex system behavior, where multiple elements vary simultaneously, in subtle interconnected ways,” Palominos explains. “AI can augment our understanding of these parameters to design better places with optimized social benefit.”

According to Palominos, that kind of social benefit can take many forms. It might involve modeling a housing system that supports proximity-based living, such as the concept of the “15-minute city,” or applying predictive analytics to anticipate and respond to events like floods, heatwaves, or infrastructure failures. 

ERA-co doesn’t use AI to chase efficiency for its own sake. Instead, the firm uses it to gain a more comprehensive understanding and a clearer picture of a place’s behavior. 

Data that matches people, not just places

Not all data is created equal. When it comes to placemaking, ERA-co prioritizes what Palominos calls “spatial and temporal granularity,” which entails not only examining how a space functions on a map but also understanding how people interact with it over time — from hour to hour, and season to season. 

“The most valuable data are those with the greatest spatial and temporal granularity for observing people and urban environments,” Palominos says. “Video footage, mobile data, street view imagery, and satellite imagery enable a deeper understanding of how different groups of people perceive and use public space.”

One recent ERA-co proof-of-concept used AI to assess how people visually perceive streetscapes, analyzing elements like enclosure, complexity, and human scale. These insights informed more nuanced design strategies that align with local behaviors, not just abstract zoning plans. 

This level of detail matters because even small design shifts can have ripple effects on how people move, feel, and gather. With AI, ERA-co isn’t just tracking patterns but learning from them.  

ERA-co’s AI mobility work: Subtle shifts, broader benefits

Some of the clearest applications of AI can be seen in mobility — how people and goods move through cities. It’s here that ERA-co sees measurable gains in both function and experience. 

“AI-driven fleet optimization balances supply and demand in bus services and bike-share systems,” Palominos says. “On the consumer side, it streamlines courier and delivery services through route optimization.”

These systems don’t operate in isolation. When they’re better coordinated, they can relieve pressure on road networks, reduce congestion, and lower energy use. But what makes ERA-co’s approach different is that it doesn’t stop at logistics. It examines how those systems impact the daily lives of people who live in and move through a place. 

The limits of AI and the role of design judgment

As much as AI can help us see more, ERA-co is careful not to let it make the final call. Cities are more than just systems — they’re layered with memory, identity, and human connection. And not everything meaningful can be measured. 

“There have been cases where AI insights pointed us in one direction, but human judgment and cultural understanding led us another way,” Palominos notes. 

Sometimes a place functions well on paper, but feels hollow in practice. Other times, a community gathering space might disrupt traffic flow, yet provide invaluable support for social well-being. 

This is where design intuition becomes critical. ERA-co uses AI to inform, not dictate, the design process. 

Planning for a future in flux

Looking ahead, ERA-co sees AI playing a growing role in helping cities adapt — not just to top physical threats like climate change, but also to slower, less visible shifts in how people live and connect. 

“AI will amplify our understanding of how cities function through enhanced spatial representation and analysis, informing better human decision-making,” Palominos says. He references recent findings (like an MIT study showing people walk faster and linger less in public spaces) as examples of trends that would have been hard to anticipate without AI. 

Still, the goal isn’t to automate responses to those behaviors. It’s using those insights to reimagine what kinds of public spaces people may need in the future, especially as patterns of connection and isolation shift.

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