MailChimp's vague policy update makes it rather easy to batch the 501 (c)(3) non-profit organization that is Blockchain Education Network in with a disgraced
cryptocurrency scam like BitConnect.
Not exact matches
Paul Gambles, managing director of MBMG, said
cryptocurrencies are essentially a pump and dump
scam, adding that the prices of favorite coins
like bitcoin and Ethereum are propped up by users pumping and dumping.
Last year's top
scams,
like online romance schemes, wire fraud and the emergence of
cryptocurrency, led to $ 95 - million lost and continue to be an issue due to... Continue reading»
Cryptocurrencies like Bitcoin, Litecoin and Ethereum, and initial coin offerings have all hit the mainstream, which has promptly resulted in a number of
scams.
The restrictions that Google has placed on the advertisement of these
cryptocurrencies and its promotion, is similar to restricting counterfeit items,
like sexually explicit content and
scams.
Paul Gambles, managing director of MBMG, said
cryptocurrencies are essentially a pump and dump
scam, adding that the prices of favorite coins
like bitcoin and Ethereum are propped up by users pumping and dumping.
With
cryptocurrencies like Ethereum and Bitcoin hitting all time highs this year, there's no wonder why cyber criminals are looking for ways to
scam users.
Cloud mining's been a bit of a sketchy industry for the past few years, insofar as
scams have abounded and many have argued that it's much less profitable than either 1) investing directly into
cryptocurrencies like bitcoin and ether, and 2) investing in your own mining rig.
While hugely successful companies
like Facebook are trying to purge their services of
cryptocurrency scams, floundering companies
like Kodak have jumped at the opportunity to attract investors by slapping blockchain buzzwords onto their business plans.
Just
like Facebook, this was to prevent their users from becoming victims to
cryptocurrency scam ads and also investing in fake initial coin offers ICOs.
While other
cryptocurrencies are taking off in its wake, in general the market is padded with a huge number of flops and rumored
scams, which is likely why Dorsey's non-crypto company Twitter is reportedly planning on joining other tech giants
like Facebook and Google in banning many
cryptocurrency ads.
Unlike fiat currency (USD, Euro, etc.),
cryptocurrencies can not simply be printed by their creators, except in the case of some
scam currencies
like Ripple (XRP) or OneCoin — more on those in another post.
For
cryptocurrency exchanges
like Bithumb, Korbit and Coinone, that process billions of dollars in trades on a daily basis, regulations are necessary because a rather large portion of investors in the South Korean
cryptocurrency market are falling victim to Ponzi schemes and
scams.
Be reasonable when you're dealing with
cryptocurrencies and ICOs, and remember — if it looks
like a
scam, it most probably is!
We updated several policies to address ads in unregulated or speculative financial products
like binary options,
cryptocurrency, foreign exchange markets, and contracts for difference (or CFDs)... As consumer trends evolve, as our methods to protect the open web get better, so do online
scams.
Hundreds of crypto users looking to make a quick buck were
scammed by criminals impersonating the two billionaires and popular
cryptocurrency traders
like Vitalik Buterin, discovered BleepingComputer.
This new policy is likely pushback from recent events
like the implosion of
scams like Bitconnect, a recent Last Week Tonight segment and
cryptocurrency mining ads embedded in YouTube ads, as well as the simple volatility of these assets and the havoc they can wreak in uneducated hands.
«Other
cryptocurrencies are downright
scams,
like Bcash» -@jhamel's Testimony to the Canadian Standing Committee on Finance FINA.
«Other [
cryptocurrencies] are downright
scams,
like BCash,» Hamel said of the virtual coin.
After the news regarding the
scam -
like structure of ShadowCash began to circulate, investors and privacy - focused
cryptocurrency enthusiasts naturally turned to other alternatives.
If the most popular websites
like these two continue to ban all
cryptocurrencies because of
scam issues, several digital currencies would be susceptible to massive dents including relatively secure coins
like Litecoin and Ripple.