The Australian Competition & Consumer Commission (ACCC) has released a report on trends within the scam economy during 2017. The report identifies cryptocurrency related fraud to comprise less than 1% of the scam activity recorded in Australia last year. Also Read: Ross Ulbricht Continues to Fight for Freedom With Supreme Court Petition Cryptocurrency Scams Responsible for […]
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Scammers are a very big problem in the world of cryptocurrency right now. A lot of people see this industry as a get-rich-quick scheme even though it is nothing of the sort. Addressing these scammers is also difficult; if it were easy, individuals such as Trevon James wouldn’t be around any longer. In reality, however, James is able to issue his own “tewkens” in an effort to rip off even more people. The Proof of Trevon James Scam Anyone who has kept an eye on developments in the world of cryptocurrency will recall the rise and subsequent implosion of BitConnect. Even though
British entrepreneur Richard Branson has spoken out over the “worrying” spread of bitcoin scam stories and ads. Some of the most common are false endorsements and fake binary trading schemes, he warns. Advising everyone to remain vigilant, Branson suggests that users should report fake stories to the platforms which have published them. Also read: Facebook […]
The Hack Heard ‘Round The Net “I’m fairly knowledgeable in blockchain and have a lot of exposure in the space,” says Michael Fauscette, the chief research officer at G2 Crows, a platform and community where people connect and share experiences about business software. Having spent over ten years as an executive and senior analyst at tech market research firm IDC, Fauscette, like countless others around the world, is no stranger to the dangers of brute force attacks and crypto-mining hacking attempts. But with Fauscette, he endured an automated bot brute force attack over a period of five days. Michael’s Story
While the ICO industry is seemingly firing on all cylinders, the risks have not diminished by any means. In fact, it seems this situation has only become worse over time. With the mounting number of scams and defunct projects, it is evident something will need to change in the very near future. ICOs Need to Rethink a few Things No one will deny that the ICO industry is very alluring. Dozens of innovative projects are launching every single week, although it remains to be seen whether or not these projects can succeed in the long run. As such, the risks for