We are hearing reports from Vietnam that country is planning to full regulate cryptocurrency trading within their borders. They are probably trying to copy India, who made its position and stance on cryptos absolutely clear and told rest of the world what’s up. Main reason why Vietnam is in such a hurry for regulations is…
Fans of entrepreneur Elon Musk have been targeted in an emerging crypto-currency scam, writes BBC. The scammers pose as celebrities on Twitter and claim to be giving away crypto-cash such as Bitcoin or Ether to their fans. They ask people to send them a small amount of crypto-currency to qualify for the giveaway, but victims…
Cryptoslate’s Sam Town lists seven signs of an ICO scam. While the ICO ecosystem may be a multi-billion dollar industry, it’s also mostly unregulated and ICO scams are becoming more common. This lack of regulation has allowed the market to be plagued by fraudulent platforms and “ICO exit scams,” leaving regulatory bodies around the world…
Investors have lost $670 million of cryptocurrencies in hacks and scams over the past three months, according to data shared with Business Insider. Crypto Aware, an educational service for cryptocurrency investors, compiled data on all the major hacks and scams in the space from June 2011 through March 2018. The data shows that over $1.7…
Two founders of a cryptocurrency firm that was endorsed by champion boxer Floyd Mayweather have been charged with carrying out a fraudulent initial coin offering (ICO) by the U.S. Securities and Exchange Commission (SEC), writes CNBC. The company in question is called Centra and it raised $32 million via an ICO. An ICO is a…
Well this had to be said long time ago. “Telegram’s ICO is ultimately a publicity stunt and cash grab designed to take advantage of crypto’s hype. It gives the crypto space a bad name and is contrary to crypto’s founding principles,” writes ORACLETIMES.COM Telegram is a cloud-based instant messaging startup founded in 2013 by Russian…
The SIRIN Labs Token (SRN) is having a great day on the cryptocurrency exchanges, having added about 16% to its price in the past 24 hours. The company behind this digital coin makes mobile and desktop devices that are built for the cryptocurrency era – but it’s not their technology that is getting so much…
A shifty cryptocurrency startup which used a stock photo of Hollywood actor Ryan Gosling for the headshot of their lead graphic designer has managed to raise almost a million in an initial coin offering (ICO), writes THENEXTWEB.COM Miroskii – as the company is called – has since attracted the attention of Reddit with its crafty…
Twitter is taking measures to prevent cryptocurrency-related accounts from running scams on its platform, the company said on Wednesday, writes Reuters. “We’re aware of this form of manipulation and are proactively implementing a number of signals to prevent these types of accounts from engaging with others in a deceptive manner,” Twitter said in a statement….
The latest scam in the cryptocurrency market comes from a non-existent coin that falsely claims to be backed by Virtu Financial Inc., the electronic-trading firm that famously lost money on only one day from 2009 to 2014, writes BLOOMBERG. Virt Coin issued a press release Thursday that said Doug Cifu, Virtu’s chief executive officer, was…
Lawyers have launched proceedings against the company in the Tokyo District Court, and believe the case could turn into one of the biggest consumer rights suits in the country in 70 years, writes ABC.NET.AU Last month criminals stole 58 billion yen ($690 million) worth of NEM coins from Coincheck and the company froze all withdrawals…
Some might say it was not the biggest surprise, but we still have to state the fact now when it’s done – LoopX has vanished out of thin air along with millions worth of its investors’ savings, writes THENEXTWEB.COM Sketchy from the very beginning, LoopX made headlines when it promised to earn backers’ money with its…
So it is being said, that group of well-known musicians including Mariah Carey, Marilyn Manson and more has begun accepting the privacy-oriented cryptocurrency monero, writes Coindesk. The list of more than 40 top recording artists – Slayer, Weezer, G-Eazy, Sia and Fallout Boy are among those also included – comes as part of “Project Coral…