Home / fraud

fraud

Be your own financial institution: New SIM swap heist shows where crypto needs to go

Be your own financial institution: New SIM swap heist shows where crypto needs to go

Centralised exchanges are getting stuck in no guy’s land and can have to get started creating a transfer quickly. Be your own financial institution (BYOB), it is going to be amusing! Or so runs the crypto mantra. Unfortunately a part of being your own financial institution is being your own …

Read More »

New analysis refreshes cryptocurrency wash trading allegations

Bittrex exchange teams to offer alternative blockchain-based digital securities trading

Even whilst being accurately cautious of the technique, there are some hard-to-ignore effects. A new report from the Blockchain Transparency Institute (BTI) has highlighted outdated discrepancies in a brand new method. Wash trading allegations are not anything new in cryptocurrency, with analysis from trader Silvain Ribes up to now uncovering …

Read More »

78% of ICOs in 2017 were scams, but got only zero.three% of funds raised

78% of ICOs in 2017 were scams, but got only zero.three% of funds raised

Only zero.three% of ICO fundraising is going to scams, relying on how you need to measure it. A brand new record from Satis Group, Cryptoasset Market Coverage Initiation: Network Creation, has recognized 78% of ICOs in 2017 as scams. This was once outlined as “any project that expressed availability of …

Read More »

Titanium (TBAR) cryptocurrency shut down by SEC as alleged scam

Bitcoin and cryptocurrency roundup: 2 March 2018

The questionable historical past of Titanium’s founder is coming to gentle as the SEC will get concerned. Titanium (TBAR) has been forced into an indefinite hiatus by the SEC whilst it pursues fees in opposition to the founder Michael Stollery, additionally recognized as Michael Stollaire. The scheme’s had an eventuful …

Read More »

Different red flags appear as cryptocurrency scammers get savvier

EtherDelta cryptocurrency exchange may have been compromised again

The converting nature of ICO scams method on the lookout for other red flags. One of the double edged signs within the cryptocurrency house is the repeatedly expanding high quality of ICO scams. On the only hand, it displays that buyers are getting higher trained and that the most obvious …

Read More »

There have been at least 44 bitcoin forks since Bitcoin Cash

Bitcoin miners are getting burnt by competition and low prices

Most of them are jokes, efficiency artwork, scams and the entirety aside from critical initiatives with actual possible. A fork is when a cryptocurrency blockchain splits off into separate chains. If sufficient cryptocurrency miners make a choice to change their machines to that new chain, then it would continue to …

Read More »

Operation Cryptosweep: World’s largest ICO, crypto securities sweep announced

Operation Cryptosweep: World's largest ICO, crypto securities sweep announced

After many warnings of a crackdown, Operation Cryptosweep is placing the clamps on shady ICOs. On 21 May 2018, the North American Securities Administrators Association (NASAA) announced Operation Cryptosweep, one of the most largest coordinated collection of enforcement movements through state and provincial securities regulators within the United States and …

Read More »

2017 was peak of cryptocurrency and fidget spinner-related scams

Is bitcoin over, or will it skyrocket once more?

Australians most effective misplaced $2.1 million misplaced to crypto scams in 2017, appearing how little-used it in point of fact is. Australians reported $2.1 million misplaced to cryptocurrency scams in 2017, in line with a newly released ACCC report (PDF). The figures come from blended experiences to Australian Cybercrime Online …

Read More »

Floyd Mayweather-endorsed Centra cryptocurrency hit by SEC charges

No, India is not banning bitcoin and cryptocurrency

Centra (CTR) is plummeting after its founder was once arrested and accused of defrauding buyers. The latest rule of thumb may well be to keep away from any cryptocurrency with a celeb endorsement. They do not have an excellent observe file. Just take a look at what came about when …

Read More »

Australians have already lost over $50,000 of bitcoin to a tax scam

Australians lost $89 million to scams in 2017

That’s the only the place any person desires you to pay tax debt in bitcoin. The ATO does not need your bitcoin. The scam is going like this. Someone contacts you and claims to be from the Australian Tax Office (ATO). They say that you have got a huge tax …

Read More »