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A scam is an attempt by a person or a business to defraud people by taking advantage of their trust. There are a lot of scams on the cryptocurrency market, due to the fact that it's mostly unregulated by the government.
Some platforms considered reliable happen to recognize suspicious entities as cryptocurrencies.
A developing ill within the crypto environment is the selling of substandard education to an unsuspecting public.
New UK statistics reveal that stolen credit card details can go for as little as £11 on the dark web.
Four men are accused of passing confidential information from within the FSB to the CIA, the central intelligence agency of the US.
One of Poland’s oldest Bitcoin exchanges has gone missing with 1.5 mln dollars worth of Bitcoins feared lost.
Popularity and followership are definitely not among the properties that qualify a given entity as a real cryptocurrency. Here are some examples of such entities that could be easily referred to as pyramid schemes.
Remittance giant Western Union has been fined $568 mln after admitting to money laundering and supporting fraudulent wire transfers. Blockchain-based technologies can prevent such criminal activities.
Participants at various Bitcoin and Blockchain conferences have been receiving fraudulent Bitcoin hardware wallets imitating legitimate products like Trezor and Ledger to steal user’s funds.
The fallout from the Israeli exchange Coin.mx’s shut down two years ago continues with three more people due to be sentenced in court next month.
Cyber Security expert John McAfee firmly believes Russia wasn’t involved in the Democratic National Committee (DNC) hack.
Arcade City’s leadership has rebranded into a separate entity, something its founder is not happy with.
Cryptography Development Initiative in Nigeria (CDIN) has created a platform, “Nigeria Blockchain Alliance” (NBA) to fight against Cryptocurrency related crimes.
Is the Bitcoin community going to see more woes for pyramid schemes such as Onecoin in 2017? Italian government acts against Onecoin.
Rural Tasmania has become the unlikely target of a porn scam, defrauding residents by making them pay for normally free antivirus software using Bitcoin.
Ignorance and greed have been described as the fuel that has powered the engine of most scams and financial malpractices that ever existed.
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