Sentences with phrase «digital currency scams»

Africa has had its share of digital currency scams that target unknowing users looking to profit from cryptocurrency speculation.

In the case of digital currency scams, this is reliant on understanding the difference between genuine projects and fraudulent attempts.

Cointelegraph A large - scale digital currency scam in China involved over 47,000 people and 4.6 bln RMB.

Not exact matches

They simply see another negative headline that someone was arrested for a scam involving the digital currency.

The much - hyped startup fundraising technique of issuing digital currency comes with significant risk of being scammed, Bloomberg reports.

this week, scams related to the digital currency industry accounted for a significant amount of loss for Canadians in 2017.

As the Better Business Bureau announced this week, scams related to the digital currency industry accounted for a significant amount of loss for Canadians in 2017.

Again these scams promise high levels of return in return for providing low levels of capital for «investors» who purport to trade digital currency.

Twitter has recently been hit by a plague of phishing scams promising free digital currency.

Because the digital currency space is relatively young, there are investment scams trying to part you from your money.

The scam led local law enforcement to release a statement confirming that you can't pay your taxes using digital currencies.

Before you buy digital currency, please take a moment to read through this list and educate yourself on the type of scams affecting Bitcoin and ATMs.

South Korea in September announced it would be banning all forms of initial coin offerings (ICOs) due to the risk of scams, with the FSC also banning credit exposures such as the loaning out of digital currencies.

This was done in order to prevent the online scams happening in the world of digital currencies but apparently legitimate platforms also suffered a setback such as Ripple (XRP).

Many people still associate these digital currencies with black markets, scams and other criminal activities.

Scams are evolving with new tricks being used to lure vulnerable targets; with reports of fake customer care telephone calls from digital currency exchanges Coinbase and Kraken.

Identifying the fraud as «old scam, new technology,» the CFTC cautioned, ``... same basic fraud is now occurring using little - known virtual currencies and digital coins or tokens.»

«There is a possibility that during the creation and issuance of a new digital currency through an ICO, various Ponzi schemes and scam operations may emerge.

The scam is the same one used by Leonardo DiCaprio's character in «The Wolf of Wall Street» and the CFTC said: «Pump - and - dump schemes have been around long before virtual currencies and digital tokens.

The Commodity Futures Trading Commission (CFTC) has issued a warning to consumers to beware of pump and dump scams that have become somewhat prevalent in initial coin offerings and digital currencies in general.

Most of the UK based financial authorities have been extremely cautious of engaging into cryptocurrency exchanges owing to the frauds and scams the digital currency is capable of pulling off.

Despite the sometimes fast - increasing value of digital currencies, if you come across a scheme that tells you that it will double your bitcoin within a month or pay you 10 percent return per day, for example, you will have come across a scam with pretty much 100 percent certainty.

At the same time, he called on supporters of digital currency to be vigilant against scamming initial coin offerings (ICOs).

Cyber criminals have reportedly stolen $ 225 million worth of digital currencies through phishing scams in 2017.

Notably, though, the scam that highlighted the real threat hackers present to the crypto world was the bankruptcy of Tokyo - based digital currency exchange Mt Gox in 2014.

The cryptocurrency world is full of stories of people who are either getting hacked for their precious digital currencies, or they are falling into scams and traps.

The digital currency industry has had a difficult time parting itself from hundreds of scams and financial plots which earned the industry a bad name.

Read more in: Blockchain & Digital Currency Tagged bancor, ico, initial coin offering, phishing, scam

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.

The relatively simple scam highlights the need to conduct adequate research before investing in any digital currency or token as it is an unfortunate reality that this market is plagued with scams and fraudulent blockchain blockchains.