Cryptocurrencies, such as Bitcoin and Ethereum, have recently become a conversation topic among the general population. This paper will explore the information available in Reddit regarding crypto assets. Unlike other social platforms, Reddit allows analyzing the general population sentiment while conveniently organizing information by topic. We study the benefit of sentiment variables derived from Reddit's crypto forums to forecast volatilities and returns. While volatility forecasts seem to benefit from Reddit sentiment variables consistently, results are not statistically different from a benchmark. In contrast, returns present mixed forecasting results but show statistical differences from the proposed benchmark. We also offer evidence that the Reddit variables gain importance in market-wide and asset-specific events.
Nowadays, due to the high usage of social media-based global news, verification and authentication is a very challenging task. Most social media platforms are easily enabled to access news anytime, anywhere over the internet, but it also produces a lot of false news and false information simultaneously. Therefore, in such a case, it is necessary to determine whether available information is genuine, whether it is fake or real. This allows users to make confused and lose the trust of social media. A blockchain-based fake news detection can better handle such problems. The proposed classification algorithm is used to detect fake news in training and testing evolution. Another major objective of this work is to revoke the attackers who update the published news. The blockchain-based decentralized peer-to-peer environment has been used to protect the published data even in a vulnerable environment Various features extraction and selection techniques have been used to generate effective training rules and validate the test classifier accordingly. An extensive experimental analysis demonstrates the classification accuracy of fake news detection on the LIAR dataset. The system achieves 95.20% average accuracy for training as well as testing, which is higher than conventional machine learning algorithms like SVM, ANN, NB etc.
Blacklists are a widely-used Internet security mechanism to protect Internet users from financial scams, malicious web pages and other cyber attacks based on blacklisted URLs. In this demo, we introduce PhishChain, a transparent and decentralized system to blacklisting phishing URLs. At present, public/private domain blacklists, such as PhishTank, CryptoScamDB, and APWG, are maintained by a centralized authority, but operate in a crowd sourcing fashion to create a manually verified blacklist periodically. In addition to being a single point of failure, the blacklisting process utilized by such systems is not transparent. We utilize the blockchain technology to support transparency and decentralization, where no single authority is controlling the blacklist and all operations are recorded in an immutable distributed ledger. Further, we design a page rank based truth discovery algorithm to assign a phishing score to each URL based on crowd sourced assessment of URLs. As an incentive for voluntary participation, we assign skill points to each user based on their participation in URL verification.
Nektarios Aslanidis, Aurelio F. Bariviera, Ăscar G. LĂłpez
This paper revisits the linkage between cryptocurrencies and public disclosed preferences, proxied by online searches. We show that cryptocurrencies are not related to a general uncertainty index as measured by the Google Trends data by Castelnuovo and Tran (2017). Instead, cryptocurrencies are linked to a Google Trends attention measure specific for this market. In particular, we find a bidirectional flow of information between Google Trends attention and cryptocurrency returns up to six days. Moreover, information flows from cryptocurrency volatility to Google Trends attention seem to be larger than those in the other direction. Finally, we report a significant tail dependence between cryptocurrency returns and Google Trends. These relations hold for the five cryptocurrencies analyzed and different compositions of the proposed Google Trends Cryptocurrency index.
Gartner's Technology Hype Cycle has Non-Fungible Tokens (NFTs) at the peak of the hype cycle in 2021 while not even having appeared on the hype cycle in 2020. This exploratory study looks at the spread of the hype from a social media context by examining all tweets related to #NFT. We find evidence that the communities are highly dynamic in nature which is indicative of a decentralized social movement with no strong leaders. Sentiment regarding NFTs was strongly positive across all communities with no indication of any growing negative sentiment. The community expanded at exponential rates throughout the period of study with the communities becoming more interlinked and sharing more content over time. This analysis provides a foundation on which future NFT studies, or alternative emergent technology studies could build upon.
Abdul Razaque, Bandar Alotaibi, Munif Alotaibi, Fathi Amsaad · 8 authors
When people use social networks, they often fall prey to a clickbait scam. The scammer attempts to create a striking headline that attracts the majority of users and attaches a link. The user follows the link and can be redirected to a fraudulent resource where the user easily loses personal data. To solve this problem, a Blockchain-enabled deep recurrent neural network (BDRNN) is proposed to detect the nature safe and malicious clickbait from the contents. The proposed BDRNN consists of three phases: analysis of clickbait and source rating, clickbait search process and multi-layered clickbait detection. The analysis of clickbait and source rating phase helps to analyze different sources to detect the clickbait and also rating the content-sources. To achieve the clickbait analysis and source rating, the detection of blocklisted/allowlisted source and source rating check algorithms are introduced. The clickbait search process is accomplished by incorporating the binary search features for a faster and more efficient search process for malicious content-detection. The multi-layered clickbait detection is main phase of the proposed BDRNN that consists of three models: content-to-vector model (layer-1), deep neural network model(layer-2), and Blockchain-enabled malicious content detection model (layer-3). These models collectively detect the malicious and safe clickbait from the contents. The extensive experiments are conducted to determine the effectiveness of the proposed BDRNN model and compared with the existing state-of-the-art neural network models designed for clickbait detection, and the result demonstrates that the proposed BDRNN model outperforms the counterparts from the, accuracy, link detection, memory usage, analogous perspectives, and attackerâs successful content capturing rate.
Now a days, people spend most of their times in social media. Due to availability of news and also for the free scope of sharing, most of the time rumors are being extensive in a short period of time. Detecting and preventing rumors and false information remains a significant challenge for social network. The introduction of blockchain technology has paved the way for the development of decentralized apps in order to address this issue. In this technology any information is recorded permanently. We will explore a strategy to eliminate bogus news on social media by utilizing the benefits of peer-to-peer network ideas. By issuing non-fungible token content rating we can detect and ensure appropriate news. The findings revealed that the suggested technique has a satisfactory performance and efficiency in recognizing rumors and preventing their spread.
Tan Hui Yang Zen, Chin Bing Hong, P. Mohan, Vivek Balachandran
The propagation of misinformation has become prevalent in recent years and is one of the predominant factors for social media myths and conspiracy theories. This paper proposes and develops a solution to detect fake news and hence control misinformation broadcasting in social media. Existing solutions for detecting fake news involve either using Machine learning/AI or employing a crowdsourcing-based fact-checker to evaluate the reliability of the information. In our proposed solution - ABC-verify - we designed and developed an integrated framework combining both AI and a Proof-of-stake (PoS) smart contract algorithm for crowdsourcing to achieve better accuracy than AI-only or pure crowdsourcing. The advantage of the proposed solution is two-fold. Firstly, the AI model can continuously learn from the output of the smart contract algorithm. Secondly, the validated news that is added to the blockchain is immutable. The validators from the public Ethereum blockchain stake ERC721 tokens in exchange for a reward if the information reliability were accurate. The prediction from the AI classification model is based on a pre-trained BERT model on a dataset of 10,000 labelled Twitter datasets. The AI classification model proxies as one of the validators in the PoS algorithm. The final verdict from the smart contract is then fed back into the training dataset to improve the AI classification model and achieve better overall accuracy of 93%. Unlike traditional crowdsourcing platforms, news stored within the blockchain is immutable. Furthermore, the Ethereum blockchain is transparent, and every transaction is recorded within the blockchain, hence enabling authenticity and trust between peer-to-peer transactions.
This article proposes a SaTya scheme that leverages a blockchain (BC)-based deep learning (DL)-assisted classifier model that forms a trusted chronology in fake news classification. The news collected from newspapers, social handles, and e-mails are web-scrapped, prepossessed, and sent to a proposed Q-global vector for word representations (Q-GloVe) model that captures the fine-grained linguistic semantics in the data. Based on the Q-GloVe output, the data are trained through a proposed bi-directional long short-term memory (Bi-LSTM) model, and the news is classified as real-or-fake news. This reduces the vanishing gradient problem, which optimizes the weights of the model and reduces bias. Once the news is classified, it is stored as a transaction, and the news stakeholders can execute smart contracts (SCs) and trace the news origin. However, only verified trusted news sources are added to the BC network, ensuring credibility in the system. For security evaluation, we propose the associated cost of the Bi-LSTM classifier and propose vulnerability analysis through the smart check tool for potential vulnerabilities. The scheme is compared against discourse-structure analysis, linguistic natural language framework, and entity-based recognition for different performance metrics. The scheme achieves an accuracy of 99.55% compared to 93.62% against discourse structure analysis. Also, it shows an average improvement of 18.76% against other approaches, which indicates its viability against fake-classifier-based models.
Recently, phishing scams have posed a significant threat to blockchains. Phishing detectors direct their efforts in hunting phishing addresses. Most of the detectors extract target addressesâ transaction behavior features by random walking or constructing static subgraphs. The random walking methods, unfortunately, usually miss structural information due to limited sampling sequence length, while the static subgraph methods tend to ignore temporal features lying in the evolving transaction behaviors. More importantly, their performance undergoes severe degradation when the malicious users intentionally hide phishing behaviors. To address these challenges, we propose TEGDetector, a dynamic graph classifier that learns the evolving behavior features from transaction evolution graphs (TEGs). First, we cast the transaction series into multiple time slices, capturing the target addressâs transaction behaviors in different periods. Then, we provide a fast nonparametric phishing detector (FD) to narrow down the search space of suspicious addresses. Finally, TEGDetector considers both the spatial and temporal evolutions toward a complete characterization of the evolving transaction behaviors. Moreover, TEGDetector utilizes adaptively learned time coefficient to pay distinct attention to different periods, which provides several novel insights. Extensive experiments on the large-scale Ethereum transaction dataset demonstrate that the proposed method achieves state-of-the-art (SOTA) detection performance. The code of TEGDetector is open sourced at https://github.com/Seaocn/TEGDetector.
Social bots can cause social, political, and economical disruptions by spreading rumours. The state-of-the-art methods to prevent social bots from spreading rumours are centralised and such solutions may not be accepted by users who may not trust a centralised solution being biased. In this paper, we developed a decentralised method to prevent social bots. In this solution, the users of a social network create a secure and privacy-preserving decentralised social network and may accept social media content if it is sent by its neighbour in the decentralised social network. As users only choose their trustworthy neighbours from the social network to be part of its neighbourhood in the decentralised social network, it prevents the social bots to influence a user to accept and share a rumour. We prove that the proposed solution can significantly reduce the number of users who are share rumour.
Bhaskara S. Egala, Ashok Kumar Pradhan, Venkataramana Badarla, Saraju P. Mohanty
The recent COVID-19 outbreak highlighted the requirement for a more sophisticated healthcare system and real-time data analytics in the pandemic mitigation process. Moreover, real-time data plays a crucial role in the detection and alerting process. Combining smart healthcare systems with accurate real-time information about medical service availability, vaccination, and how the pandemic is spreading can directly affect the quality of life and economy. The existing architecture models are become inadequate in handling the pandemic mitigation process using real-time data. The present models are server-centric and controlled by a single party, where the management of confidentiality, integrity, and availability (CIA) of data is doubtful. Therefore, a decentralised user-centric model is necessary, where the CIA of user data is assured. In this paper, we have suggested a decentralized blockchain-based pandemic detection and assistance system (iBlock). The iBlock uses robust technologies like hybrid computing and IPFS to support system functionality. A pseudo-anonymous personal identity is introduced using H-PCS and cryptography for anonymous data sharing. The distributed data management module guarantees data CIA, security, and privacy using cryptography mechanisms. Furthermore, it delivers useful intelligent information in the form of suggestions and alerts to assist the users. Finally, the iBlock reduces stress on healthcare infrastructure and workers by providing accurate predictions and early warnings using AI/ML.
Bitcoin, a decentralized cryptocurrency, has not only given rise to a wave of digital innovations but also stirred up considerable controversy. Some have hailed it as the most significant innovation since the Internet, while others have dismissed it as a Ponzi scheme that should be abandoned and forbidden. Regardless of these varying views, this is an innovation in need of scrutiny. In this paper we present a metastory of Bitcoin, based on an interpretative study of 737 news articles between 2011â2019. Through our analysis, we identified five narratives, including The Dark Side, The Bright Side, The Tulip Mania, The Idea, and The Normality. Our analysis demonstrates the interpretive flexibility of technology as influenced by ideologies, and we construct a theoretical model demonstrating mediaâs role as constructor and conduit. The metastory provides an institutional look at the broader interpretations of digital innovations as well as the multifaceted nature of digital innovations and how their interpretation evolve over time.
Riri Fitri Sari, Asri Samsiar Ilmananda, Daniela M. Romano
In the current digital era, information exchanges can be done easily through the Internet and social media. However, the actual truth of the news on social media platforms is hard to prove, and social media platforms are susceptible to the spreading of hoaxes. As a remedy, Blockchain technology can be used to ensure the reliability of shared information and can create a trusted communications environment. In this study, we propose a social media news spreading model by adapting an epidemic methodology and a scale-free network. A Blockchain-based news verification system is implemented to identify the credibility of the news and its sources. The effectiveness of the model is investigated by utilizing agent-based modelling using NetLogo software. In the simulations, fake news with a truth level of 20% are assigned a low News Credibility Indicator (NCI ± -0.637) value for all of the different network dimensions. Moreover, the Producer Reputation Credit is also decreased (PRC ± 0.213) so that the trust factor value is reduced. Our epidemic approach for news verification has also been implemented using Ethereum Smart Contract and several tools such as React with Solidity, IPFS, Web3.js, and Metamask. By showing the measurements of the credibility indicator and reputation credit to the user during the news dissemination process, this proposed smart contract can effectively limit user behaviour in spreading fake news and improve the content quality on social media.
Recent research in cryptocurrencies has considered the effects of the behavior of individuals on the price of cryptocurrencies through actions such as social media usage. However, some celebrities have gone as far as affixing their celebrity to a specific cryptocurrency, becoming a crypto-tastemaker. One such example occurred in April 2021 when Elon Musk claimed via Twitter that âSpaceX is going to put a literal Dogecoin on the literal moonâ. He later called himself the âDogefatherâ as he announced that he would be hosting Saturday Night Live (SNL) on 8 May 2021. By performing sentiment analysis on relevant tweets during the time he was hosting SNL, evidence is found that negative perceptions of Muskâs performance led to a decline in the price of Dogecoin, which dropped 23.4% during the time Musk was on air. This shows that cryptocurrencies are affected in real time by the behaviors of crypto-tastemakers.
Social media news are most important in today's worlds, it puts positive or negative influence on social views. There is a wide propagation of fake news on social media so it will be difficult to believe on the news. Fake news has negative impacts on individuals as well as on society. Information spreads rapidly over the social media and so there is a need of mechanism which detects and stops the spreading of fake news. Therefore, detection of fake news is the need of time and also a challenging problem. The goal of this proposed research work is to detect fake news and minimize spreading of the fake news. In the proposed research a machine learning approach is used for detection of fake news with blockchain framework. In first section a supervised machine learning techniques is design to identify the trustiness of specific news while blockchain framework revoke the malicious activity of spreading fake news. A blockchain environment is created with mining, smart contract as well as Proof of Work (PoW) of consensus. The current systematic review broadly focuses on the various methods to detect fake news in social media. After partial implementation of system, performance evaluation has done with traditional blockchain framework. It is found that 10% less time for transaction verification by consensus in P2P environment over the existing systems.
This teaching case explores the advantages and disadvantages of battling fake news with advanced information technologies, such as artificial intelligence (AI) and blockchains. Students will explore the purposes of, proliferation of, susceptibility to, and consequences of fake news and assess the efficacy of new interventions that rely on emerging technologies. Key questions students will explore: How can we properly balance freedom of speech and the prevention of fake news? What ethical guidelines should be applied to the use of AI and blockchains to ensure they do more good than harm? Will technology be enough to stop fake news?
Rickard Grassman, Vanessa Bracamonte, Matthew J. Davis, Maki Sato
In this paper, we explore how cryptocurrencies have been received in Sweden and Japan, and what specific attitudes and discourses may reveal about the ethical implications surrounding this new technology. By way of topic modelling prevalent discourses on social media among users of cryptocurrencies, and teasing out the more culturally situated significance in such interactions through discourse analysis, our aim is to unpack the way certain tropes and traces around the notion of autonomy may provide a fruitful lens through which we may discern how this technology has been received in each respective country. The ultimate aim of the paper is to shed light on the attitudes that inform the way this technology is perceived and the cultural and ideological nuances that this brings to the fore, as well as how this culturally nuanced view may help us better discern the potential advantages and ethical challenges associated with this new technology.
In the face of increasingly complex social public opinion situations, the traditional network public opinion governance models have increasingly prominent issues such as information transmission efficiency and information security. In order to establish a new model of fair, credible, and community co-management of network public opinion governance, this article uses blockchain as a key technology for collaborative governance of network public opinion. In order to meet the requirements of network governance, the Delegated Proof-of-Stake(DPoS) algorithm is improved to solve problems. After proposing a reputation model that considers time dynamic factors, this paper constructs a reputation-based voting mechanism and rewards and punishments incentive mechanism, and also designs a new method of counting votes. From the experiment results, it was found that the node participation has increased significantly, the proportion of error nodes was obviously reduced, and the operating efficiency was improved. It shows that the improved consensus algorithm can not only improve the security of the system, reduce the possibility of false public opinion spreading, but also improve the efficiency of information processing, so it can be well applied to information sharing and public opinion governance scenarios.