New US Gov’t Task Force Highlights Digital Currency Fraud for ‘Particular Attention’
U.S. SEC among participants in new gov’t task force to digital currency fraud, among other types Go to Source Powered by WPeMatico
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Youtube Dragged Into Bitconnect Class Action Lawsuit for Failure to Protect Victims
Youtube has been dragged into a class action lawsuit against Bitconnect for failure to protect its users from being exposed to the scam’s videos. This case might be used by Google and others to justify their bans on crypto ads, arguing that their algorithms can not distinguish between legitimate projects and frauds. Also Read: No … Read more
Syscoin Hack Disrupts Binance Prompting Temporary Shutdown
Syscoin has been hit by an unusual hack that has manipulated the coin’s total supply. The attackers then sent the fraudulently generated coins to Binance and sold them, pushing the price of 1 SYS to as high as 96 BTC. The BTC they received was then withdrawn, prompting Binance to temporarily cease trading and to … Read more
Exchange Using AI and Blockchain to Tackle Ad Industry’s $19 Billion Fraud Problem
A new, blockchain-driven exchange is tackling fraud in advertising, amid estimates it will cost businesses $19 billion in 2018 #SPONSORED Go to Source Powered by WPeMatico
TechCrunch: Over 1000 Crypto Projects Are Considered ‘Dead’ Now
There are over 1,000 “dead” crypto projects as of June 30, TechCrunch reports citing two websites that monitor dysfunctional ICOs Go to Source Powered by WPeMatico
Alleged Fraudster Arrested in China Over $15M Mining Hardware Con
When making investment decisions it is always important to remember the old saying, “If something looks too good to be true, it probably is.” This is especially true if anyone promises you a bitcoin mining rig, which people wait for months in advance, at just a third of the retail price. Also Read: Silicon Valley … Read more
Crypto-Related Crimes to Exceed All Other Cyberattacks in 2018, Says Israeli Expert
An Israeli cybersecurity expert says crypto-related crimes will exceed the number of all other cyberattacks this year Go to Source Powered by WPeMatico
Experts Claim Most Smaller Chinese Crypto Exchanges Will Shut Down Soon
China lost its dominant position in the cryptocurrency markets quite some time ago. That is the direct result of the People’s Bank of China preventing users from trading cryptocurrencies with the Chinese yuan. According to experts, it seems a lot of the smaller crypto exchanges in the country will soon be forced to shut down. … Read more
US Congressman Says ICO Market Needs ‘Light Touch’ Regulation to Provide Certainty
Republican U.S. Congressman Warren Davidson says the ICO market needs “light touch” regulation to provide certainty Go to Source Powered by WPeMatico
US: SEC Obtains Emergency Court Order to Freeze Assets of Fraudulent ICO
The U.S. SEC has received an emergency court order to freeze the assets of Dominic Lacroix, who was previously accused of violating securities law in regards to PlexCoin ICO Go to Source Powered by WPeMatico
