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In an effort to get ahead of the next round of scams, the US Securities and Exchange Commission (SEC) created and published its own version of an initial coin offering (ICO) scam website. It’s a rather innovative way at approaching investor education in the brave new world of cryptocurrency. Also read: Federal Reserve Pres: People … 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
Even though most cryptocurrency users have all but forgotten about OneCoin by now, that doesn’t apply to everyone. Last month, a court case in the Netherlands documented how a teacher had pressured students into buying into this pyramid scheme. While greed brings out the worst in people more often than not, it is very disturbing … Read more
From pump and dump groups to insiders trading on esoteric knowledge, market manipulation is rampant within the cryptocurrency space. While some of it is illegal, most of the activity is either legal or quasi-legal, falling into the sea of grey that separates lawful land from unlawful territory. Everyone knows that market manipulation is endemic. The … Read more
South Korean cryptocurrency exchange Bithumb is reportedly re-evaluating its strategy to launch its own coins through a corporation in Singapore, following news of fraud that could have serious side effects to both companies. Under the current laws, Bithumb coins will still be subject to Korean regulation whether launched abroad or not. Also read: Yahoo! Japan Confirms … Read more
The same German online news outlet that broke the Savedroid supposed exit scam, turned gotcha publicity stunt, is reporting prosecutors just might have a legal case against the initial coin offering (ICO) outfit. Also read: Bitcoin in Brief Thursday: ICO Scares Investors with Ghost Prank German Prosecutors Consider Legal Action Against Savedroid Wirtschafts Woche, the same … Read more
The Prime Minister of Vietnam has signed a directive for the country’s central bank and the Ministry of Finance to strengthen the management of cryptocurrency-related activities. This follows an alleged fraud involving a cryptocurrency that scammed 32,000 Vietnamese out of VNĐ15 trillion. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Prime Minister’s … Read more
Unfortunately, as with any industry, scams of all shapes and sizes persist within the cryptocurrency sector. This past week has seen a Filipino couple arrested after amassing over $17 million USD through a bitcoin investment scam, and protests held outside the office of a Vietnamese company that swindled $660 through two multi-level marketing (MLM) initial … Read more
OCT trading involves high value deals that can run into the hundreds of millions of dollars. Whales want privacy and zero slippage, which isn’t possible on a cryptocurrency exchange, while buyers want large quantities of bitcoins at below market rates. It’s an arrangement that suits both parties, but for it to work, trust is essential … Read more
The past day for Verge (XVG) represents yet another fiasco for the highly controversial Dogecoin fork. Hackers have managed to mine an XVG block every second through a timestamp exploitation coupled with a 51% attack. To make matters worse, hasty developer responses have actually rendered the network even more incapable through an ineffective hard fork. … Read more
