The Australian Communications and Media Authority (ACMA) has raised concerns on social platforms over bitcoin scams. Respective authorities globally are working on ways to safeguard their citizens from scams that result in large loss of funds. Also read: What Point Are We Missing in the Great Cryptocurrency Craze? Join the Bitsonline Telegram channel to get the latest … [Read more...] about Australian Govt Warns Newcomers of Bitcoin and Ethereum Scams
Xapo today warned its users its security team has discovered a series of phishing attacks against users. Using similar tactics bad actors use to steal bank account passwords, the attackers are sending emails that initially appear to be from Xapo. They then direct customers to a malicious site that requests and records sensitive security information. Also read: Bitcoin Cash … [Read more...] about Xapo Warns of Phishing Attacks Against Its Users
Ex-fraudster Jordan Belfort has issued a stinging criticism of Initial Coin Offerings (ICOs), calling them the "biggest scam ever" and a problem that's going to "blow up" in the crypto community's face. These comments come after Belfort attacked the viability of Bitcoin back in September. Also read: Indonesia Halts Bitcoin Payments for Businesses Belfort, who himself … [Read more...] about Jordan Belfort: ICOs Are the ‘Biggest Scam Ever’
There is a very bizarre video ad going around on YouTube right now. Promoting Terraminer, it features a man in a gray sports jacket shouting over what he claims is the sound of a noisy mining operation. It's clear though he is very obviously standing in front of a green screen. The man's voice is dubbed with by a poorly done voiceover, as the language the man is speaking is … [Read more...] about Terraminer: Mining Operation Promises Unlikely 300% Returns
For the last few weeks, the internet has been buzzing about a new website called BitConnect. Some have been declaring it the next best investment platform, but a far larger and ever-growing majority seems convinced that it is a scam of the Ponzi scheme or HYIP variety. I decided that the only way I could discover the truth was to do some digging on my own. This is what I … [Read more...] about Bitconnect: Ponzi Scheme or Fever Dream?