Scam

TrustSwap Review: Making Smart Contracts Mainstream

Source Node: https://www.coinbureau.com/review/trustswap-swap/
Time Stamp: December 1, 2020 8:18 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The cryptocurrency space can be a scary place if you are not careful. There are scammers left and right, and not just in Discord and Telegram. Many cryptocurrency projects have revealed themselves to be nothing short of a ponzi scheme. Some have even ended with a rug pull – the team dumping their share of the crypto on the market and running with the cash.TrustSwap is a cryptocurrency project that is hoping to change that by using smart contracts. They want to create a new standard for initial coin offerings

Surging Interest in ‘Yam’ Yield Farming — But Is It Too risky?

Source Node: https://cointelegraph.com/news/surging-interest-in-yam-yield-farming-but-is-it-too-risky
Time Stamp: August 11, 2020 11:38 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The latest craze in the DeFi sector is a new yield farming protocol called Yam which promises ‘equal opportunity’ staking with no premine, no founder shares, and a zero value token at launch.The experimental Yam Protocol is the talk of Crypto Twitter right now — with many excited about the big potential returns, while others worry about the risks. The recently launched project offers an elastic supply token, similar to Ampleforth, that can expand and contract depending on market conditions, with the aim of seeking eventual price stability and a peg

Ampleforth Down 66% — Welcome to Rebasing

Source Node: https://beincrypto.com/ampleforth-down-66-welcome-to-rebasing/
Time Stamp: August 9, 2020 9:55 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The elastic supply token Ampleforth (AMPL) has lost two-thirds of its market cap in a matter of days. The atypical characteristics of the token attracted many investors that jumped in. After a dramatic surge in price and market cap, the tables have turned and Ampleforth has entered a corrective phase. The token is understood by many as just an experiment, and it may impact the way future tokens are created. AMPL: The Ultimate Digital Money? Ampleforth is not your typical cryptocurrency. It’s quite a complex token with some revolutionary ideas,

OneCoin Co-Founder Escapes 90-Year Jail Term Following Court Settlement

Source Node: https://cointelegraph.com/news/onecoin-co-founder-escapes-90-year-jail-term-following-court-settlement
Time Stamp: August 7, 2020 4:37 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Konstantin Ignatov, co-founder of major cryptocurrency exit scam, OneCoin, initially faced up to 90 years in jail after pleading guilty in November 2019. Now, however, it seems that Ignotov is no longer one of the key defendants in legal actions brought by victims of the $4 billion scam, according to a report from Finance Magnates on Aug. 7.OneCoin investors representing plaintiffs Donald Berdeaux and Christine Grablis have agreed to settle with Ignatov.While the details of the court settlement remain unclear, court documents indicate that the case will continue to target

California Attorney General’s Office Issues Crypto Scam Warning

Source Node: https://beincrypto.com/california-attorneys-office-issues-crypto-scam-warning/
Time Stamp: August 7, 2020 4:32 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Xavier Becerra, Attorney General (AG) for the State of California, released a warning for investors and consumers on Friday, highlighting the rise in digital asset scams. The warning provides guidance and caution, given the substantial number and variety of scams that have plagued the cryptocurrency market. The apparent impetus for the announcement may be linked to the most recent scam perpetrated by hackers on Twitter. Several high-profile accounts were breached, promising double returns on whatever was sent. However, the scam was just another in a long line of hoaxes. Per

Here’s Why One Analyst Expects Ethereum to Tap $275 Before Pushing Any Higher

Source Node: https://bitcoinist.com/heres-why-one-analyst-expects-ethereum-to-tap-275-before-pushing-any-higher/?utm_source=rss&utm_medium=rss&utm_campaign=heres-why-one-analyst-expects-ethereum-to-tap-275-before-pushing-any-higher
Time Stamp: August 6, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Ethereum has been struggling to break above $400 for the past several days The selling pressure here is quite significant, and a sustained break above this level would be a highly bullish technical development Because ETH has been consolidating just below it throughout the past few days, bulls may be gearing up for a major push higher Despite being technically strong, one analyst is still expecting the cryptocurrency to see another “scam wick” that leads it into the upper-$200 region He believes this will be necessary for trapping more shorts

Casa Launches In-Wallet Purchasing

Source Node: https://bitcoinmagazine.com/articles/casa-launches-in-wallet-purchasing?utm_source=rss&utm_medium=rss&utm_campaign=casa-launches-in-wallet-purchasing
Time Stamp: August 6, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin custody solution provider Casa has announced today that it is offering in-wallet bitcoin purchases, allowing Casa App users to forgo exchanges when they add to their HODLings.  In a release shared with Bitcoin Magazine, Casa explained that users can make these purchases using Apple Pay or debit cards, which connect them to retail exchanges through a secure API provided by Wyre. Wyre offers similar services to other projects in the space, such as DropBit. Casa, which positions itself as a particularly security-conscious provider of private key management, noted that

Grandmas On Lightning

Source Node: https://bitcoinmagazine.com/articles/grandmas-on-lightning?utm_source=rss&utm_medium=rss&utm_campaign=grandmas-on-lightning
Time Stamp: August 6, 2020 1:33 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Is Bitcoin Too Hard To Understand? I’ve spent a huge part of the last three years explaining Bitcoin to general audiences and the most common form of resistance I encounter is: “Bitcoin is too complicated. The masses will never understand it.” It’s a fair argument. Bitcoin is complicated and if you want to reach a competent understanding of the big picture then, at a minimum, you’d better get ready to learn about peer-to-peer networks, cryptography and the history of money. It’s for this reason that I find it bizarre when

Cryptocurrency News Roundup for Aug 3, 2020

Source Node: https://beincrypto.com/cryptocurrency-news-roundup-for-aug-3-2020/
Time Stamp: August 3, 2020 3:43 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin started the week on a positive note after an unusually volatile weekend by recent standards. The BTC/USD price temporarily reached a local high of over $12,000. The eventful weekend was preceded by a credit-rating downgrade from Fitch who placed a “negative outlook” on the United State’s triple-A rating on Friday. Fitch added that a “resurgence of inflation” could be on the cards, which would in turn force the Fed to increase interest rates. It would be interesting to see the effects that would have on Bitcoin and its brethren.

The Scam and Fall of YFI Clones

Source Node: https://beincrypto.com/the-scam-and-fall-of-yfi-clones/
Time Stamp: August 3, 2020 11:44 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

After the success of yEARN finance (YFI), a yield farming token which saw a rise in price from $35 to over $4000, a number of cryptocurrencies are trying to copy its success. These include the likes of YFFI, YFII, and Asuka, however, they’ve all witnessed 100% drops and a conspicuous exit scam. Encouraging Words Fueled by DeFi platforms where any token with an address can be traded for anything else, these are the days of Wild West token swaps. To clone the YFI token, developers only had to copy code