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The cryptocurrency industry has been plagued by scams for quite some time now, especially when it comes to paid advertisements on popular search engines. The NEX ICO, for example, is subject to a lot of fake advertisements, which makes it very difficult for novice users to distinguish between reality and fiction. Cryptocurrency Scams Rise in Number People … Read more
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 … Read more
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 … Read more
Everyone is “drinking the Kool-Aid,” says former PayPal CEO in the second of his media appearances warning that Bitcoin is a scam #NEWS Go to Source Powered by WPeMatico
Chinese police have arrested 4 men in the city Xi’an for an allegedly fraudulent $13 mln crypto pyramid-scheme #NEWS Go to Source Powered by WPeMatico
Texas Securities Board conducts sweep of investigations into crypto securities offerings, warning of widespread fraud. #NEWS Go to Source Powered by WPeMatico
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 … Read more
Using publicly available sources, Satis Group LLC classified initial coin offerings (ICOs) with market capitalizations of at least 50 million USD by quality, following an ICO’s evolution from white paper, fundraising, to eventual trading online. Their findings include the eye-popping claim that 80% of ICO’s are scams, and only 8% managed to trade on a … Read more
“Revolutionary Casino Where Everyone Wins!” announces a tempting description of “ZeroEdge” casino. A casino that doesn‘t work and probably never will. Because the casino and the “Zerocoins” they are launching on March 27 are all fake. How to recognize a wolf in sheep’s clothing when the herd is that big? Well, it’s not that easy. … Read more
A British news agency teamed with Chainalysis to uncover just how rampant cryptocurrency Twitter scams are and the methods employed. Using well-regarded tech personalities such as Elon Musk, tens of thousands dollars have been swiped from unsuspecting admirers. Also read: Bitcoiners Demand More Crypto CFDs and Spread-Betting in the UK No, Elon Musk Is Not … Read more
