scams

Institutional investors — the future of crypto is in their hands. Or is it not?

Source Node: https://coinrabbit.io/blog/institutional-investors-the-future-of-crypto-is-in-their-hands-or-is-it-not/
Time Stamp: December 30, 2020 6:02 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Institutional investors are believed to drive the cryptocurrency market’s adoption and growth. Their involvement promises to make crypto widely recognized and accepted as a truly global currency. Bitcoin is supposed to gradually become an alternative to gold and skyrocket to unprecedented crypto prices.  But is this really how institutional investors work? In which direction are they actually driving the crypto market — and, after all, who are they? In this article, we will bring you the latest examples of huge whales’ interest in crypto, discover the reasons for that, and

Message by LEDGER’s CEO – Update on the July data breach. Despite the leak, your crypto assets are safe.

Source Node: https://www.ledger.com/message-ledgers-ceo-data-leak
Time Stamp: December 21, 2020 12:49 PM - Modified On: May 21, 2021 - Published By:
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12/21/2020 | Blog posts, Security Dear Ledger clients, As you know, Ledger was targeted by a cyberattack that led to a data breach in July 2020. Yesterday, we were informed about the dump of the content of a Ledger customer database on Raidforum. We believe this to be the contents of our e-commerce database from June 2020. At the time of the incident, in July, we engaged an external security organisation to conduct a forensic review of the logs available. This review of the logs enabled us to confirm that

Our communications about the data breach and the phishing attempts

Source Node: https://www.ledger.com/blog/our-communications-about-data-breach
Time Stamp: December 21, 2020 10:30 AM - Modified On: May 21, 2021 - Published By:
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12/21/2020 | Blog posts, Security Since we discovered the data breach in July we have been as open and transparent as possible and proactive in our communications to our customers. We sent an email to our whole database, approximately 1M people on July 29th, yet only 40% opened this security notice. The same day we communicated openly and proactively to the media: The Block, Decrypt, Capital…  on social media (Twitter, Reddit and Facebook).  This data breach led to aggressive phishing attacks against our clients. We communicated heavily about it. First,

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

Bull Runs, Mining, and Tor Attacks: Bad Crypto News of the Week

Source Node: https://cointelegraph.com/news/bull-runs-mining-and-tor-attacks-bad-crypto-news-of-the-week
Time Stamp: August 15, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Last week, the Bitcoin news was all about lift-off. This week, it’s all about the leveling off. Bitcoin ends the week around $11,400, a fall of about 2.7 percent over the last seven days. That drop included a correction of $700 in one day so the question now is whether the bullish moment has gone or will Bitcoin push on to $15,000? Its first mission will be to break the resistance at $12,000. Bitcoin failed to do that twice in ten days but consolidated after each failure, which some experts believe

$600M Crypto Ad Ban Class Action Filed in Australian Courts

Source Node: https://cointelegraph.com/news/600m-crypto-ad-ban-class-action-filed-in-australian-courts
Time Stamp: August 13, 2020 10:54 PM - Modified On: May 21, 2021 - Published By:
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Law firm JPB Liberty filed a class-action lawsuit in the Federal Court of New South Wales earlier today, targeting Facebook and Google for anti-competitive behavior for banning cryptocurrency advertising in 2018.JPB argues the ban, which was loosened in 2019, killed the initial coin offering (ICO) market and caused severe financial damage to the wider cryptocurrency industry.JPB Liberty CEO Andrew Hamilton said the tech giants had acted as a cartel in launching the crypto ad ban, in order to crush competition from the blockchain sector.The suit has garnered more than $600

Championing Blockchain Education in Africa: Women Leading the Bitcoin Cause

Source Node: https://cointelegraph.com/magazine/2020/08/12/blockchain-africa-women-bitcoin
Time Stamp: August 12, 2020 9:09 AM - Modified On: May 21, 2021 - Published By:
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It’s no secret that women are underrepresented in the technology and financial industries. In the U.S, women only hold a quarter of computing-related jobs. Some sectors, like software engineering, fare even worse, with female representation as low as 15%. And now along comes blockchain, a technology that promises a global revolution through decentralization. Blockchain has already begun to transform many industries, from finance and supply chain management to healthcare and governance.  However, it has yet to significantly change the demographics of the tech industry. According to a study conducted by

Polish Financial Watchdog Impersonated by Crypto Scammers

Source Node: https://cointelegraph.com/news/polish-financial-watchdog-impersonated-by-crypto-scammers
Time Stamp: August 8, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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The Polish Financial Supervision Authority, or PFSA, issued a warning on the surge of scammers offering fake crypto investment opportunities, which they claim to be the only authorized investment fund in Poland.The scammers call potential victims by asking them to sell or buy cryptocurrencies through the fake fund, but first, they should send the cryptos to the PFSA compliance team’s wallet to verify the legality of the transactions and then, the regulator clears the payment to be deposited in the unexistent fund.The watchdog has been aggressive towards crypto in the

Adam Back: Some ICOs Funded Useful Research Despite Being Unethical

Source Node: https://cointelegraph.com/news/adam-back-some-icos-funded-useful-research-despite-being-unethical
Time Stamp: August 7, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Adam Back recently took to Twitter with controversial comments on many of the industry’s largest crypto projects — including Ethereum (ETH), Cardano (ADA), Ripple (XRP), and Stellar (XML). His tweets placed these projects in the same category as a number of bonafide scams, which he considers to have been orchestrated as “premines”.We interviewed Back in order to clarify his position on the matter, starting with questions of how he feels about Satoshi Nakamoto essentially premining over one million Bitcoin. Back responded that “Bitcoin has no premine”, adding that he considers

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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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