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Popular messaging app Kik is shutting down due to a Securities and Exchange Commission lawsuit regarding ICO activity for the company’s cryptocurrency, kin. Ted Livingston, Founder and CEO of Kik and Kin, denies the allegations and maintains that the SEC’s case is based on mischaracterizations, but that shutdown for Kik is necessary to focus on […]
The post Messaging App Kik’s Legal Battle Shines Light on Past ICO Scams appeared first on Bitcoin News.
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Exit scams have plagued the crypto industry for quite some time, here is a closer look at how to best avoid such fraudulent schemes
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Mysterious deaths, royal connections and billions in stolen crypto, here’s how the biggest alleged exit scams line up
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In the world of cryptocurrency, there is always some sort of controversy worth keeping an eye on. While no one benefits from these dubious projects and scams, they tend to spark some interesting debates. Many people still believe BitConnect will return, albeit that seems highly unlikely. However, there is a “BitConnect 2.0 exchange” making the rounds, which is something users need to be aware of at all times. Not the Original BCC Exchange Most people who know the story behind BitConnect will recall how the project had its own exchange. This was also pretty much the only place to get
The post Top 4 Reasons to Shun the “new” BitConnect 2.0 Exchange appeared first on The Merkle Hash.
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Over the last 48 hours, cryptocurrency enthusiasts have been discussing a Bitcoin snapshot fork called Bitcoin2. The little known coin gained over 5,200% since May 28 on only two exchanges and managed to get listed on Coinmarketcap.com as well. Bitcoin2 is believed to be merely a pump and dump scam, much like a great majority […]
The post Observers Mock Fork Called Bitcoin2 That Pumps and Dumps on Two Exchanges appeared first on Bitcoin News.
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The Criminal Investigation Department in Gujarat, India has unearthed an alleged cryptocurrency scam involving a BitConnect promoter
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The FBI wants to identify alleged victims of the Bitconnect alleged ponzi scheme via a questionnaire
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In this edition of The Daily we cover a number of cryptocurrency-related business collaborations from around the world. These include Sirin Labs and Simplex, Middle East-focused crypto exchange Cbx, and Heliocor, IPC and ICE Data Services. Additionally covered is an update from the FBI which is conducting an investigation into Bitconnect. Also Read: Coinflex Launches […]
The post In the Daily: Sirin Labs Smartphone, Middle East Cbx Exchange, IPC’s Connexus Cloud appeared first on Bitcoin News.
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The cryptocurrency world has seen many potential scams, fraudulent ventures, and projects which were abandoned fairly quickly. BitConnect has been one of the darkest stains in the industry as a whole. Even today, it still leaves its mark, primarily because the FBI is still investigating the matter. They actively seek out victims who fell victim to this major scam in 2016, 2017 and early 2018. The BitConnect Story is not Over yet Most cryptocurrency users will be familiar with BitConnect by now. This Ponzi Scheme dominated the landscape between 2016 and very early 2018. After seeing a lot of initial
The post The FBI Reaches out to BitConnect Victims as Investigation Trucks Along appeared first on The Merkle Hash.
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Market cap is often used as a metric of importance in the crypto industry. Communities will react jubilantly as their preferred coin moves up the rankings. People will often invest in the top X coins based solely on their market cap as they think it is representative of a diversified portfolio. However, is market cap […]
The post Market Cap: A Flawed Ranking System for Valuing Crypto appeared first on Bitcoin News.
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