By Leslie Ankney Bitconnect faces a mounting series of lawsuits and regulatory action following it’s quick rise and fall as one of the most notorious exit scams in crypto. It’s the blockchain the crypto community loves to hate, first known for its Ponzi scheme as a lending platform offering 1% daily interest. Today, it’s probably most recognized for this famous hype talk by Carlos Matos, featuring memorable phrases including, “Hey hey heeeeeeeeeey”, “What’s-a what’s-a what’s-a what’s-a what’s-a what’s-a what’s-a what’s-a what’s UP, BITCONNEEEEEEEEEEEECT”, and “The WORLD is not anymore the way it used to be”. Class Action Suits
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The Australian Competition & Consumer Commission (ACCC) has revealed that it received more than 1,200 complaints relating to cryptocurrencies via its ‘Scamwatch’ portal during 2017. In light of the number of complaints, the Australian Securities and Investments Commission (ASIC) has issued a warning to potential investors outlining the risks associated with cryptocurrency investment. Also Read: Tesla […]
The Satoshi Revolution: A Revolution of Rising Expectations. Section 2 : The Moral Imperative of Privacy Chapter 5: Implementing Crypto Privacy by Wendy McElroy ICOs: Peril or Menace or Expression of Satoshi Spirit? (Chapter 5, Part 2) It was the best of times, it was the worst of times, it was the age of wisdom, […]
This week another bitcoin-based clone is coming called ‘Bitcoin Atom,’ a project that joins the myriad of other BTC copycats that have allegedly copied the protocol since late 2017. According to the team, the BCA network will launch when the bitcoin core network processes block 505,888 or roughly around January 25. Also read: South Korean Card […]
This week China’s central television (CCTV 2) reported the Peoples Bank of China (PBOC), its Ministry of Public Security, in coordination with other regulatory agencies, will work to combat cybercrime often in the disguise of financial innovation. Also Read: Some UK Mortgage Lenders Refuse to Serve Bitcoin Investors 2,000 Tokens, 3,000 Knockoff Platforms The People’s Bank of […]
If you’ve interacted with Facebook, you may have had run-ins with spam bots that infest your profile (or your friends’ profiles) and post links or advertisements without your permission. Well, the same malware that tells your friends to “Check out this link for 90% off a BRAND NEW pair of Ray Bands. WOW!” is now being used to mine cryptocurrency. A downloaded client runs mining software that contributes hashing power to the malware’s source server. Unaware Facebook users may have downloaded this bot through links shared on Facebook Messenger. Mining on Someone Else’s Dime You could be mining cryptocurrency without even knowing it,