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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 … Read more
The SEC has taken an extra creative step to ensure investors are aware of the dangers of initial coin offerings (ICOs). To make their point, the SEC has launched their own pretend ICO site to demonstrate what investors should look for when considering an investment. The pretend ICO site is called Howey Coin, which emulates … Read more
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, … Read more
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