Bitcoin Trader: Google Helps Scam Crypto Trading App Look Legit in Reviews

Bitcoin Trader has been heavily promoting itself as the best and safest automated cryptocurrency trading app that can help people earn $1,300 a day. Numerous fake reviews and scam checks on Bitcoin Trader are highly ranked by Google, making this scam appear legitimate. News.Bitcoin.com investigates this investment scam. Bitcoin Trader Scam Many bitcoin scams have … Read more

Bitcoin Loophole: Wanna Make $13K in 24 Hours? This Crypto Trading App Is a Scam

A bitcoin investment scheme claiming to help people make over $13,000 within 24 hours has recently gained more attention. Bitcoin Loophole claims to be an algorithmic crypto trading app that enables its members to make daily profits and become millionaires within 61 days. However, it is a scam associated with a different kind of investment. … Read more

Bitcoin Evolution: Wanna Make $1 Million in 2 Months Like Prince Harry and Meghan Markle? It’s a Scam

A bitcoin investment scheme has reportedly claimed that Prince Harry and Meghan Markle are making millions using a “wealth loophole” and have urged everyone to check out Bitcoin Evolution. However, this is a sales tactic by a known scam, claiming that some members earned their first million in just 61 days. Also read: Bitcoin Revolution: … Read more

Why Are ‘Bitcoin Group’ and ‘Bitcoin Revolution’ Such Popular Searches on Google?

Google searches can reveal a lot about the perception of the masses when it comes to bitcoin. This post examines two popular Google search terms in recent months and years, and seeks to explain why these terms continue to pop up, what knowledge can be gleaned by looking into them, and the effects of “Google … Read more

Bitcoin Superstar and Bitcoin Era – The Latest Two Faces of the Same Scam

With the rising price and popularity of bitcoin come numerous scams. Bitcoin Superstar and Bitcoin Era are two investment schemes that have recently gained much attention. News.Bitcoin.com took a look at them, and it did not take much to spot how similar they are to each other and several other well-known scams. Also read: Bitcoin, … Read more

How to Red Flag Scams: Bitcoin Doubler Club, Cryptomia247, Mining Cheap, Orelex, and Wintrust

Last week’s news.Bitcoin.com post warning about common bitcoin scams like “The Bitcoin Code” elicited a plethora of comments and suggestions from readers, asking about and reporting other platforms and services claiming to provide bitcoin investment opportunities. This article examines some of these, and most importantly seeks to provide readers with basic tips for recognizing the … Read more

Japanese Class Action Against Gambling Coin Claims $12m Damages

Withcoin, a virtual currency reportedly designed for casinos, and listed on the Hitbtc exchange around May, is accused of selling coins using a promotional video propagating alleged lies and misleading information. In April 2018, a video promoting Withcoin went viral on the internet, inviting investors to purchase in advance a coin that was going to … Read more

Renowned Economist Jim Chanos Tears into Bitcoin, Calling It a Libertarian Fantasy

James “Jim” Chanos believes that Bitcoin is nothing more than a “security speculation game masquerading as a technological breakthrough in monetary policy.” The Yale-educated economist shared his thoughts on financial fraud and why it’s on the rise, cryptocurrencies, and other matters with the Institute for New Economic Thinking, a New York-based think tank. Chanos believes … Read more

Alleged British Bitcoin Scammer Extradited to US for Defrauding Over $36 Million

The FBI has announced on Friday that Renwick Haddow, a 49-year old UK national, has been extradited to the US from Morocco to face charges at the Southern District Court of New York. He is accused of defrauding more than $36 million from victims by making material misrepresentations and misappropriating investment funds in two companies, … Read more