Scam

The Cryptocurrency Industry in Nigeria Is Booming Despite Scams and Regulatory Uncertainty
Apr 19, 2021 at 12:24
News
The Cryptocurrency Industry in Nigeria Is Booming Despite Scams and Regulatory Uncertainty
The digital currency sector in Nigeria has been growing rapidly. Despite numerous scams and a lack of clear regulations, cryptos attract Nigerians with high profit potential.
Governments Are Concerned About Dubious Cryptocurrency Platforms and Scams
Apr 13, 2021 at 13:05
News
Governments Are Concerned About Dubious Cryptocurrency Platforms and Scams
The number of fraudulent cryptocurrency startups and suspicious companies not properly registered with regulators is growing. This makes governments and watchdogs alerted about the security of their citizens. For instance, the government of Singapore recently passed a warning to all of its citizens of the risk of involvement with cryptocurrency.
UK Law Enforcement Prepares for a Rise in Cryptocurrency Scams
Apr 10, 2021 at 12:48
News
UK Law Enforcement Prepares for a Rise in Cryptocurrency Scams
The head of the UK’s Crown Prosecution Service (CPS) recently made remarks saying they expect a rise in cryptocurrency sam cases in the UK. In an interview with Financial Times, Max Hill QC, a CPS director of public prosecution said the authority predicts an uptick in the number of scams.
Cryptocurrency Fraud Canada up 400%: 5 Tips for Users to Become Less Vulnerable
Apr 01, 2021 at 13:03
News
Cryptocurrency Fraud Canada up 400%: 5 Tips for Users to Become Less Vulnerable
Bitcoin adoption is growing dramatically in Canada, but the rate of cryptocurrency fraud is also increasing at a worrying speed. Between 2017 to 2020, digital currency-related fraud in Canada rose by about 400%, as per the report by RCMP.
Love, Greed and Cryptocurrency; How Essential Human Desires Lure People into Scams
Mar 24, 2021 at 15:09
News
Love, Greed and Cryptocurrency; How Essential Human Desires Lure People into Scams
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.
Blockchain Is Changing the Integrity of Social Media Platforms
Feb 18, 2021 at 15:33
News
Blockchain Is Changing the Integrity of Social Media Platforms
Blockchain technology has been identified by several web designers, software engineers and ICT specialists as a major tool that can change the mode of operations of online platforms.
Scammers Won’t Rest in 2021: Authorities Expose Several Schemes
Jan 18, 2021 at 15:16
News
Scammers Won’t Rest in 2021: Authorities Expose Several Schemes
Several cryptocurrency scams have been exposed since the beginning of 2021 and the legal actions have been taken by authorities. A lot of cryptocurrency scams normally appear as online chain referral schemes, high-return investments, or Ponzi-schemes.
5 Biggest Flaws of Cryptocurrency Industry in 2020
Jan 06, 2021 at 14:52
News
5 Biggest Flaws of Cryptocurrency Industry in 2020
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.
Crypto Scammers Use Celebrity Endorsements to Promote Their Schemes, but Some of the Stars Are Actually Into Bitcoin
Nov 18, 2020 at 14:13
News
Crypto Scammers Use Celebrity Endorsements to Promote Their Schemes, but Some of the Stars Are Actually Into Bitcoin
People tend to look up to celebrities. That is why when they set a trend for something, common folks take up the trend almost immediately. For this reason, scammers often use their popularity to look more reliable and attract potential victims.
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