Scammers

MetaMask Beefs Up Security and Improves Gas Prices

Source Node: https://beincrypto.com/metamask-beefs-up-security-and-improves-gas-prices/
Time Stamp: December 15, 2020 1:35 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Cryptocurrency wallet and browser extension MetaMask has been busy beefing up its security as hacks and exploits continue to plague the industry. In its latest monthly report, MetaMask has detailed ongoing efforts to improve the platform for its users and increase security. There are a few tweaks for dApp developers to be aware of but they will not affect users. The wallet provider has been developing ‘LavaMoat’ which is a set of tools for generating dApp bundles with enhanced security in the form of Secure EcmaScript (SES) containers. It added

Bull Runs, Mining, and Tor Attacks: Bad Crypto News of the Week

Source Node: https://cointelegraph.com/news/bull-runs-mining-and-tor-attacks-bad-crypto-news-of-the-week
Time Stamp: August 15, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Last week, the Bitcoin news was all about lift-off. This week, it’s all about the leveling off. Bitcoin ends the week around $11,400, a fall of about 2.7 percent over the last seven days. That drop included a correction of $700 in one day so the question now is whether the bullish moment has gone or will Bitcoin push on to $15,000? Its first mission will be to break the resistance at $12,000. Bitcoin failed to do that twice in ten days but consolidated after each failure, which some experts believe

Bitcoin Proceeds of COVID-19 Business Support Scheme Fraud Seized

Source Node: https://cointelegraph.com/news/bitcoin-proceeds-of-covid-19-business-support-scheme-fraud-seized
Time Stamp: August 14, 2020 7:39 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

A U.K. woman has been arrested in possession of £115,000 ($150,000) of Bitcoin (BTC), according to a Metropolitan Police report. The cryptocurrency is alleged to be the proceeds of a fraudulent scheme applying for government loans designed to assist small businesses in the wake of the coronavirus pandemic.The 35-year-old woman was arrested on suspicion of fraud, money laundering and child neglect, following the search of a residential address in Ipswich, United Kingdom on Aug 12. Officers successfully applied for the detention of the Bitcoin held in the suspect’s cryptocurrency wallet

$600M Crypto Ad Ban Class Action Filed in Australian Courts

Source Node: https://cointelegraph.com/news/600m-crypto-ad-ban-class-action-filed-in-australian-courts
Time Stamp: August 13, 2020 10:54 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Law firm JPB Liberty filed a class-action lawsuit in the Federal Court of New South Wales earlier today, targeting Facebook and Google for anti-competitive behavior for banning cryptocurrency advertising in 2018.JPB argues the ban, which was loosened in 2019, killed the initial coin offering (ICO) market and caused severe financial damage to the wider cryptocurrency industry.JPB Liberty CEO Andrew Hamilton said the tech giants had acted as a cartel in launching the crypto ad ban, in order to crush competition from the blockchain sector.The suit has garnered more than $600

Polish Financial Watchdog Impersonated by Crypto Scammers

Source Node: https://cointelegraph.com/news/polish-financial-watchdog-impersonated-by-crypto-scammers
Time Stamp: August 8, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Polish Financial Supervision Authority, or PFSA, issued a warning on the surge of scammers offering fake crypto investment opportunities, which they claim to be the only authorized investment fund in Poland.The scammers call potential victims by asking them to sell or buy cryptocurrencies through the fake fund, but first, they should send the cryptos to the PFSA compliance team’s wallet to verify the legality of the transactions and then, the regulator clears the payment to be deposited in the unexistent fund.The watchdog has been aggressive towards crypto in the

California Attorney General’s Office Issues Crypto Scam Warning

Source Node: https://beincrypto.com/california-attorneys-office-issues-crypto-scam-warning/
Time Stamp: August 7, 2020 4:32 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Xavier Becerra, Attorney General (AG) for the State of California, released a warning for investors and consumers on Friday, highlighting the rise in digital asset scams. The warning provides guidance and caution, given the substantial number and variety of scams that have plagued the cryptocurrency market. The apparent impetus for the announcement may be linked to the most recent scam perpetrated by hackers on Twitter. Several high-profile accounts were breached, promising double returns on whatever was sent. However, the scam was just another in a long line of hoaxes. Per

Bitcoin is not Completely Banned in China: Beijing Arbitration Commission

Source Node: https://cryptopotato.com/bitcoin-is-not-completely-banned-in-china-beijing-arbitration-commission/
Time Stamp: August 1, 2020 11:04 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

China has no reservation against ‘Bitcoin activities as virtual commodities,’ the Beijing Arbitration Commission (BAC) said in a report today. The report also added that the country’s laws and regulations ‘do not prohibit’ private possession and legal circulation of BTC.Bitcoin Is Not A Currency, But A ‘Virtual Commodity’Today local non-profit arbitration organization, the Beijing Arbitration Commission, pointed out in a report that Bitcoin cannot be used as a currency. It is not a legal tender and is not issued by China’s apex monetary authority.Overall, BTC doesn’t share the same legal

Blockchain Scam Raises Money by Pretending to Be Associated With the Olympics

Source Node: https://cointelegraph.com/news/blockchain-scam-raises-money-by-pretending-to-be-associated-with-the-olympics
Time Stamp: April 8, 2020 7:10 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Chinese Olympic Committee announced on April 8 that it’s repeatedly received complaints about illegal marketing pertaining to the upcoming Olympic Games.People claiming to be part of the so-called “World Olympic Sports Foundation” say they’re using blockchain technology to help people invest in special products and other commercial developments pertaining to the Olympics. But that money actually ends up in the pockets of anonymous scammers.They make reference to the Tokyo Olympics Torch Relay to trick people into parting with their money, thinking it’s going to a genuine cause. The Chinese

Ethereum Creator Picks Two Worst Bull and Bear BTC Predictions Ever Made

Source Node: https://cointelegraph.com/news/ethereum-creator-picks-two-worst-bull-and-bear-btc-predictions-ever-made
Time Stamp: April 6, 2020 3:59 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

As the world’s biggest cryptocurrency, Bitcoin (BTC) is highly volatile, once surging from $1,000 to $20,000 in the span of just over a year. The coin has become the subject of infinite price predictions. Both optimistic and negative, some of these predictions have turned out to be extremely inaccurate.Vitalik Buterin, the well-known co-creator of the Ethereum network and its native cryptocurrency Ether (ETH), highlighted the two worst Bitcoin price predictions ever made since the digital currency was introduced back in 2009.In an April 6 tweet, Buterin emphasized that price predictions