Fake

The Federal Bureau of Investigation (FBI) has sent a stern warning to professional networking site LinkedIn. Sean Ragan, Special Agent with the Bureau, said cryptocurrency investment scammers are on the rise on the professional network.

Russian cryptocurrency scammers have developed a new scheme to trick citizens out of their money. They offer cryptocurrencies as gift options for holidays or birthdays. However, those who get involved in this "original" idea do not receive anything in return.

Numerous YouTube accounts were hacked on January 23. Anonymous scammers used them to stream a video about a fake giveaway designed to trick users into giving away money.

The growing popularity of mining cryptocurrencies is prompting people to join this burgeoning industry. On the other hand, such users can also easily fall victim to scammers.

Cryptocurrency scammers use numerous leverages to trick people into handing over their money. The basic desire for love and money are the most widespread of them. At least, that is what the Vancouver Police Department (VPD) thinks. These desires have already cost the citizens about $2 million in losses.

2020 was quite a controversial year for the cryptocurrency industry. It started with the bearish sentiment, triggering the collapse of the market. However, the second half of the year turned out to be positive for cryptocurrency, as COVID-related lockdown triggered a significant interest in it.

The outbreak of coronavirus triggered a significant growth of cryptocurrency scams in early 2020. Now, the second wave of the pandemic might trigger another boost of fraudulent activity.

As the COVID-19 related lockdown forced people to stay at home, and the great many were left jobless, alternative means of earning money have been gaining more and more popularity. But are they legit?

Jack Dorsey, the co-founder and CEO of Twitter, has recently revealed that the company has created a special team who will be working on designing a public blockchain platform and open Twitter protocol, calling it “a future” for Twitter.