Wendy McElroy: How Centralized Exchanges Intend to Devastate You

The Satoshi Revolution: A Revolution of Rising Expectations Section 2: The Moral Imperative of Privacy Chapter 6: Privacy is a Prerequisite for Human Rights How Centralized Exchanges Intend to Devastate You. Chapter 6, Part 6. The root problem with conventional currency is all the trust that’s required to make it work…We have to trust them … Read more

Hacked Cryptocurrency Exchange Youbit Re-Emerges Amid Insurance Controversy

Cryptocurrency exchange Youbit has reportedly re-emerged after a series of hacks and a bankruptcy filing, amid an insurance claim controversy and civil lawsuits. The exchange continues to operate after it was sold and renamed, local media reported. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Insurance Claim Denied DB Insurance, one of … Read more

Plagiary Is The Worst Cryptocurrency Scam of All

There’s a 99% chance that you’re reading these words on news.Bitcoin.com. And there’s a 1% chance that you’re reading them on some other cryptocurrency site. It might have a similar name to this one, or it might be called something entirely different. But whatever its name, it wasn’t responsible for producing this content – it … Read more

South Korean Exchange Paying Users to Report Illegal Crypto Schemes

The Kakao-backed cryptocurrency exchange Upbit has launched a system to reward users for identifying fraudulent multi-level schemes related to cryptocurrencies. The exchange has already identified and reported 20 such schemes to the police. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Reporting Illegal Schemes South Korea’s largest cryptocurrency exchange Upbit has invited … Read more

Three South Korean Crypto Exchanges Raided for Diverting Funds

South Korean prosecutors have searched the offices of three cryptocurrency exchanges suspected of buying bitcoin with money stolen from customers’ accounts. According to authorities, the companies turned up on the radar during investigations of dubious transfers in January. The raids have been conducted this week. Also read: Growing Number of South Korean Crypto Exchanges Participate … Read more

Belgium Warns of 19 Cryptocurrency Trading Platforms Showing Signs of Fraud

The Belgian financial authority has published a list of 19 cryptocurrency trading platforms that it had received complaints about. The regulator says these platforms show signs of fraud. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies 19 ‘Fraudulent’ Crypto Trading Platforms Belgium’s Financial Services and Markets Authority (FSMA) has recently warned about … Read more

Bitconnect Lawsuit Saga Continues: Legal Fees Pass $750,000

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 … Read more

High-Frequency Trading Firm Virtu Threatens Legal Action Against Virtcoin

HFT giant Virtu has been the target of an apparent clone scam, using its likeness to attract possible investors. The company is threatening legal action and has already approached the authorities about the matter. The promotional matrial for the “coin” in question, Virt, is so bizarre it almost looks like a parody of the current … Read more

How a Single Tweet Wiped $90 Million off Waltonchain’s Market Cap

Digital marketing guides are filled with cautionary tales of social media faux pas that have caused brand suicide. All it takes is an insensitive tweet from a marketing intern to leave a corporation groveling and its stock in the doldrums. It turns out that the world of cryptocurrency isn’t so different. After sending and hastily … Read more