ICO Scams – DIGIT INFO

Blockchain Is Suing Blockchain – Things Are Getting Messy in Crypto World

DIGIT — Mon, 24 Sep 2018 16:18:58 +0000

Talk to anyone about the blockchain industry and the conversation usually turns to regulation, or rather, its lack of. However, just as many countries are starting to use existing securities laws as a framework for ICOs, blockchain companies are using existing legal channels to take action on each other. Specifically, Blockchain is suing blockchain.io for […]

The post Blockchain Is Suing Blockchain – Things Are Getting Messy in Crypto World appeared first on NullTX.

Go to Source

According to BIG, White-Collar Crime Could Double by 2028

DIGIT — Sat, 18 Aug 2018 19:00:18 +0000

When the banks failed in 2008, our financial systems shifted. A decade on, one of our most nagging financial predicaments centers on virtual currencies and their (lack of) regulation. 2018 is showing promising steps forward in lawmaking for countries like Switzerland, Germany, Malta, and even the US. So, why does Vancouver-based intelligence firm BIG believe that ... Read more

Over 1,000 ICOs Have Failed in 2018, New Report Claims

DIGIT — Mon, 02 Jul 2018 15:00:09 +0000

You probably know that quite a number of ICOs fail every year, most of them after collecting a few million dollars from investors. However, according to a new report, the number is much higher than one would think, and it’s those that live up to expectations that are the rare breed. The failed projects are ... Read more

5 of the Biggest Scams in Crypto History

DIGIT — Fri, 29 Jun 2018 22:00:03 +0000

We’ve all seen the headlines. Dive deeper into the world of digital currency and there’s a decidedly seedy layer lurking underneath. We’re talking about drug barons and tax evaders, cybercriminals, and rogue miners. And if that weren’t enough, you have to make sure you don’t fall victim to ICO scams as well. If you can […]

Go to Source

18% of ICOs Are Straight-Up Scams: Wall Street Journal

DIGIT — Sun, 20 May 2018 15:00:36 +0000

ICO scams are one of the biggest challenges to have rocked the cryptocurrency industry, greatly undermining people’s confidence in the nascent industry. While investors have become increasingly aware of these scams, fraudsters are still widespread and millions of dollars are still lost every year. According to the Wall Street Journal, over 18% of ICOs are pure scams, with many more also likely to fail. The research attributes the continued rise of ICO scams to investors’ appetite for “guaranteed returns” which makes them easy prey for fraudsters. Over $1 Billion Invested In Pure Scams The WSJ conducted an extensive analysis that involved 1,450 ICOs, of which 271

Go to Source