It would appear more trouble may be brewing for the cryptocurrency industry. Although there is still no official industry regulation in the United States, dark clouds are gathering over EtherDelta. Zachary Coburn, the founder of the platform, is charged by the SEC for running an unregistered securities exchange. ERC20 Tokens […]
Search Results for "fraud"
4 Key Finance-Related Issues Scrutinized by the Sec in 2018
The SEC is currently in the process of scrutinizing cryptocurrencies and other financial markets moving forward. Throughout the year 2018 – to date – the agency has undertaken a lot of noteworthy actions. According to its latest report, the following enforcement actions will only become more apparent over time. #4 […]
Recover My Bitcoins Or I’ll Blow Up Miami Airport: Indian Teen Threatens FBI
Scams are nothing new in the crypto industry. From ICOs that received money and then vanished to trading sites that went down with investors’ funds, there is no shortage of people who’ve lost their hard-earned money in their pursuit of the Bitcoin millions. For most, the logical next step was […]
The ICO Market Has Irrevocably Changed: Startups Now Seek a Plug & Play Solution
Today’s conditions are now different from when interested retail investors freely plowed in spare cash to blockchain projects. Startups have reacted to this change by increasingly making use of tailor-made token sale solutions. What this entails is that startups no longer have to build a crowdsale platform from scratch and […]
OKEx Wins The Crypto Exchange Of The Year At The Malta Blockchain Awards
OKEx may have trailed Binance as the biggest exchange in the world by trade volume, but there was no stopping it from being declared best in the world in Malta. The exchange was named the crypto exchange of the year during the inaugural Malta Blockchain Awards. OKEx was fighting for […]
The Week That Was: Tether’s Controversy Rolls On, Bitcoin Turns 10, Coinbase Predicts $1.3 Billion In Revenue
It was a landmark week for the cryptocurrency industry as the king of cryptos marked ten years since Satoshi Nakamoto released the Bitcoin whitepaper. Bitcoin turned 10 on October 31, but there was little to celebrate as the crypto shed close to $200 just a day before its 10-year anniversary. […]
Rapper T.I. Sued Over Involvement in ICO Exit Scam
When celebrities get involved in cryptocurrency, things usually do not end all that well. Various ICOs have been endorsed by celebs, which has backfired every single time. In the case of rapper T.I., his own token offering failed. He now faces a $5m lawsuit for trying to dabble in the […]
After Exit Scamming, Oyster Creator Proclaims Cryptocurrency is a Ponzi
Less than two months from today, NASDAQ and Bakkt are slated to launch their cryptocurrency trading tools to institutional investors. At the same time, major projects continue to exit scam and defraud their communities. It’s just another day in crypto. On October 29, creator of the Oyster (PRL) project exploited […]
A Maritime Crypto Startup Turns Out To Be A Fundraising Platform For The North Korean Government
It was touted as a blockchain-powered maritime investment project, but it has turned out to be yet another ingenious method of raising funds by the North Korean government. Known as Marine Chain, the startup claimed it would tokenize maritime vessels for their owners, but it has done anything but. According […]
The US Is Sending Money Offshore by Bumbling Crypto Regulation
Regulation is still a contentious subject that splits the crypto community down the middle. But after all the abuses witnessed to date, it’s hard to swallow the argument that the industry needs no regulating at all. That it will stifle innovation and kill off the beautiful utopia created by… hacks […]
The Onecoin ICO Doesn’t Appear to be Affilaited With Onecoin
There has been a fair bit of talk regarding Onecoin over the past few years. This notorious MLM scheme is widely considered to be a scam, even though its investors will gladly claim otherwise. To make things even more interesting, there is a Onecoin ICO taking place, even though this […]
What to do if A Scammer’s Bitcoin Address is Discovered?
In the world of cryptocurrency, scams are more apparent now than ever before. Even if one were to successfully identify the wallet address of a known scammer, there is no real option to retrieve the money. It highlights a big problem in this industry, although there are some steps which […]
3 Suspicious Crypto Projects Under Investigation in North Dakota
US government agencies are actively cracking down on illicit offerings pertaining to cryptocurrencies. This week, another three projects were shut down through cease & desist letters. All of these projects are active in North Dakota, where the local Securities Department is keeping a close eye on these proceedings. #3 Crystal […]
Top 5 Bitcoin Skeptics
With cryptocurrency prices taking a hit this past week, it is only natural for skeptics to share their opinions on crypto. With prices being down close to 90% from their all time highs, it is no surprise why many agree with some critics’ opinions that Bitcoin is a fad and […]
Blockchain or Banks: Which has a Better Security for Financial Transactions?
By now, it’s highly likely that most of us understand how Blockchain technology has dramatically changed and how the world operates considerably. The Blockchain system is an openly distributed digital ledger technology behind the cryptocurrency industry. According to Alex Tapscott, the co-author of the Blockchain Revolution, the Blockchain technology is […]
Top 3 Blockchain Projects That Change Ads We See Online
Blockchain has spread its wings over lots of industries, from gaming to insurance. Still, one of the industries that arguably needs the technology’s features more than others is digital advertising as most of its problems go down to insufficient accountability, lack of transparency, and high susceptibility to fraud – in […]
3 Reasons Why No One Should Use Zelle to Buy or Sell Cryptocurrencies
Although peer-to-peer trading has gained a lot of popularity in the cryptocurrency industry, there are still certain risks users need to be aware of at all times. Using Zelle, for example, appears to be a bad idea. Not because of the platform itself, but because of their policies. The following […]
This Week In Crypto – Google Reaccepts Crypto Ads, Ethereum and Ripple Battle It Out
There’s never a dull week in the cryptocurrency and blockchain world and this week was no different. From major developments in several European countries to the emergence of even more stablecoins to the race between Ethereum and Ripple for the position of the second most valuable crypto, the week has been […]