Dec 17, 2019 at 09:28
SEC Charges $42 Mln ICO with Trading Unlicensed Securities
In the due course of searching for fake initial coin offerings (ICO), the United States Securities and Exchange Commission (US SEC), the authority in charge of monitoring and regulating electronic securities, has managed to charge another blockchain and distributed ledger tech (DLT) initiative with cheating a massive number of investors, to collect around $42 million.
Dec 11, 2019 at 09:42
Ugandans Lose Over 10 Billion in Cryptocurrency Scam
A large number of Ugandan nationals were left crying helplessly after being promised well-paying jobs at a fake cryptocurrency company which abruptly went into rigor mortis with citizens losing over 10 billion Ugandan Shillings (UGX) (approx. $2,715,100).
Oct 29, 2019 at 09:49
Basketball Player Suspected of $800K Cryptocurrency Scam
Former NBA legend Isaac Edward Austin (IEA) has been accused of being involved in an $800k cryptocurrency rip-off. He is suspected of cheating a firm from Ghana Africa about a million dollars in a latest Bitcoin (BTC) scheme.
Bitcoin Ponzi Scheme Left African Investors with No Money
Another Ponzi scheme, dubbed Bitcoin Wallet, left investors with nothing, according to the Ladysmith Gazette. The investment scheme was one of the most lucrative projects in South Africa that saw many potential people, investors and companies willingly put their money in it, with the hope of acquiring abnormal returns in the shortest time possible.
Search Engine Bing Blocked Over 5M Crypto Ads
In its report published on Monday, March 25 dubbed “Ad quality year in review 2018,” the Microsoft-owned advertisement platform and a web search engine – Bing – revealed that it blocked more than 5 million crypto-related ads.
Age of Scams: ICO Investor’s Plight
Blockchain offered the world a new model for a p2p economy, introducing free global trade without intermediaries and reliable storage of value without the fear of seizure or account freeze by regulators. Along with this new paradigm of money arrived a new paradigm of fundraising. The so-called ICO (initial coin offerings) gave businesses easy and global access to investor money and provided investors themselves with endless opportunities.
Monero to Prevent ASIC Mining, Hard Fork Scheduled for March 9
XMR developers, and the whole team at large, are ready and in high gear to fork their network on Saturday, March 9th 2019 in order to lower the effectiveness of ASICs (application-specific integrated circuits). The hard fork might cause a change to the Monero proof-of-work (PoW) algorithm and also lower the hash rate competences of ASIC miners by a significant factor of over 2.5.