Tag: Scam

A New Bitcoin World

Bitcoin ATMs Most Common Scam Payment Method in Australia

The Australian Taxation Office (ATO) has warned taxpayers to be “on high alert” for phone scammers demanding payment through bitcoin ATMs. It said payments via BTC cash machines have now overtaken iTunes vouchers as the most common method of scam payment reported to the tax authority. Also Read: IMF: Central Banks Could Issue Digital Currency Tax […]

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November 15, 2018 0

Belgium Adds 21 Websites to List of Fraudulent Crypto Trading Platforms

Belgium’s Financial Services and Markets Authority has updated the list of websites it says are cryptocurrency trading platforms showing signs of fraud. Twenty-one websites have been added to the existing list, bringing the total to 99 blacklisted sites. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 21 New Suspect Sites The Belgian Financial Services […]

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October 27, 2018 0

Bad Cryptocurrency Projects Have Squandered Millions of Dollars

Bad Cryptocurrency Projects Have Squandered Millions of DollarsCryptocurrency scams take many forms. But one thing they all share is the goal of enriching their founders at the expense of investors. If a crypto project is “investing” a large portion of its capital into lavish parties, PR stunts and marketing, there’s a strong chance that it’s a scam. Also read: Debit Card Issuer Bitnovo […]

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September 28, 2018 0

Google Security Expert Warns Against Bitcoin Bragging Online

Google Security Expert Warns Against Bitcoin Bragging OnlineMark Risher, Google’s director of product management, Google Identity, account security, and spam & abuse, recently urged cryptocurrency investors not to brag about their virtual currency holdings online. Also Read: Netherlands’ Largest Bank ING Group Fined $900M for Money Laundering Google Security Expert Cautions Traders Against Boasting Online In a recent interview with CNBC, Google security […]

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September 17, 2018 0

If You’ve Been Scammed Out of Cryptocurrency It’s Probably Your Fault

Scammers are a dastardly, low down bunch. Preying on the gullible, extorting the vulnerable, and hoodwinking the hoodwinkable with their promise of free bitcoin if you send a little first and daily interest on your Bitconnect loan. It’s an indisputable fact that if the cryptocurrency space were cleansed of scammers, the web would be a […]

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February 20, 2018 0

Facebook Bans Cryptocurrency Ads

Facebook Bans Cryptocurrency AdvertsFollowing persistent complaints about spammy and fraudulent cryptocurrency ads, Facebook has issued an outright ban. As of a new ruling issued on January 30, “ads must not promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency”. The move is sure […]

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January 30, 2018 0

Autopsy of the Bitconnect Implosion: Ponzi, Centralization, Governance

Autopsy of Bitconnect: Ponzi, Centralization, GovernancePonzi lending smart bot scam Bitconnect finally did what most sane observers predicted long, long ago. It went splat. And it didn’t collapse due to government pressure, nor flurries of bad press, and certainly not from DDoS hacking attacks. The story is more of a ballad, a great object lesson, and it is the lie […]

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January 19, 2018 0

A Closer Look at How Three of the Biggest Scamcoins Lure Its Investors

Run-ups of the kind bitcoin is having in price and valuation make fertile ground for scams. Scams are valuable and very teachable moments. Skin in the game, by having plunked hard-earned cash down to see a return on investment, means vigilance and due diligence are musts.    Also read: GAW/Paycoin CEO Josh Garza Held Liable for […]

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November 5, 2017 0

Deadcoins Launches Compendium of Deceased Cryptocurrencies

Deadcoins hosts “a curated list of cryptocurrencies forgotten by this world”. Most of the coins detailed are artifacts from altcoin bubbles past, with many comprising exit scams or litecoin clones sporting a silly name for marketing purposes. Also Read: 40+ ICO Platforms Closing in China The Majority of the Coins Listed on Deadcoins Comprised of Exit […]

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September 12, 2017 0

Part Deux! Onecoin Buyer Beware: The Definitive Ponzi Exposé

It’s been a year since news.Bitcoin.com interviewed Timothy “Tim Tayshun” Curry, who shared his explosive investigation and research into the Onecoin scheme with our readers at news.Bitcoin.com. Due to the nature of the evidence presented, the article went viral with over 50,000 views throughout the first week and is one of the most viewed articles in […]

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August 21, 2017 0