Both bitcoin and ether are trading at lower levels after the flash crash of 7 September. Bitcoin saw the biggest fall in value following the collapse of Tuesday. Having traded close to $53,000 the cryptoasset plummeted to as low as $43,000 within 12 hours. The price of BTC has been trading in this range since…
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Guest Post › ScamsIf you’re fresh on the crypto scene, it’s critical that you watch out for all the gimmicks and traps. But even veteran investors should still pay close attention to some of the more recent and sophisticated scams that are now beginning to circulate. Josef Moser · September 12, 2021 at 3:00 am…
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Crypto hacks and scams are nothing new in the crypto space, but every time they happen, they still come as a shock to investors. Most especially the victims of these attacks. Bull markets always seem to come with an increased number of attacks. So with a bull market that has raged on for the better…
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The percentage of illegal crypto transactions, according to this Chainalysis report, is about 2% of total transactions. Although the majority of cryptocurrency transactions is not illegal, it is increasingly being used for criminal activities. As part of a dark web operation, Australian police have conducted a massive cryptocurrency seizure. The total value seized was about $6…
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Our partners at Bloomberg have labelled South African based cryptocurrency firm Mirror Trading International as the biggest crypto-related scam of 2020. More than 23,000 Bitcoin worth over R10bn is reported to be missing. Chief executive of MTI, Johann Steynberg, has been missing for the better part of six months and his whereabouts unknown. The MTI…
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Guest Post › InsuranceWhen you have even just $100 in a liquidity pool, you dread the day you awake to it being gone. Jonathan Libby · July 30, 2021 at 3:00 pm UTC · 3 min read Your bags are gone. How do you alleviate that concern? With insurance. Unfortunately, DeFi users don’t have much…
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Source: unsplash.com All virtual platforms and transactions involve at least some kind of risk – it increases dramatically when it comes to digital currencies and exchanges. The volatility of the market, the lack of strict regulations, and the virtual nature of the crypto market are the factors that make these currencies and the transactions related…
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Source: Adobe/Lunatictm Javier Biosca, a man accused of masterminding a Spanish crypto-themed fraud project believed to be worth over USD 330m, has appeared before a court to deny that he intended to cheat investors out of their funds. He also claimed he would be able to “fix the situation” for investors currently unable to access…
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You are here: Home / News / UK authorities nab crypto worth $250 million part of a money laundering case July 13, 2021 by Sahana Kiran The crypto industry isn’t new to scams and hacks. As the UK has been doubling down on regulations, particularly with regard to the crypto-verse, the police in the region…
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Reading Time: 3 minutes The case of the ongoing META 1 scam has highlighted the inefficiency in dealing with fraudulent cryptocurrencies META 1 has grown its operation since a court ruling against them, ignoring summons’ and luring in new investors Meanwhile the SEC is still scratching its head trying to work out how much META…
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