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Cryptocurrency Fraud: Classic Financial Pyramids The Bitcoin Savings & Trust hedge fund turned out to be a financial pyramid using the classic Ponz ...
Blockchain technology is never completely safe. As it turns out, danger awaits them behind every corner, but is it possible to avoid it? Cryptocurr ...
As the popularity of Blockchain continues to rise, so do fraudulent incidents. To keep yourself from falling victim to this rising number of scams, ta ...
Do you really need Blockchain? There a few skeptics out there thinking some businesses are rushing towards this new technology too quickly. So, before ...
Cryptocurrency scams pose a big risk to the novice investor and trader, but a little knowledge goes a long way. By checking out the following examples ...
Why are smart people tricked by fraudsters? Scam schemes are all quite similar; however, people are getting tricked time and time again. Scammers use ...
In mid-2016, the Decentralized Autonomous Organization, an autonomous venture capital funding organization that united more than 20,000 owners of Ether, came under attack. A hacker exploited a weakness in the code behind the DAO system and tried to – legally! – transfer about $50 million of cryptocurrency to his account. Despite the hacker’s threats of a lawsuit (which is amusing in itself), the DAO community has voted to create a hard fork in order to overcome the hack and return the Ethers to the owners. A group of programmers, led by Ether inventor Vitalik Buterin, has made changes to the code, breaking the initial ledger while recovering the stolen money and returning it to the rightful owners.
As the popularity and technology surrounding cryptocurrency continue to evolve, so do scams. They come in all shapes and sizes but with a little knowledge at your side, protecting your investment is easier than you think.
Bitcoin miners are hard at work processing transactions, but that doesn’t mean they get to avoid the cold, hard hand of the IRS. However, as long as ...
Cryptocurrencies are becoming more popular by the day. Besides buying and selling with digital currency, some people are even starting to pay their employees with it. As a result, the Internal Revenue Service recently announced their tax treatment of digital currency transactions. So, how exactly do they tax it?
The bitcoin bubble is growing at a rapid rate and it’s only a matter of time before it bursts, putting an end to the cryptocurrency revolution. This is what the bitcoin naysayers believe at least. In reality, this is far from the case. Sure, bitcoin is growing in popularity and value but will it ever burst?
Corruption is possible where there is never-ending paperwork, absolute confusion, and bureaucracy. No bureaucracy – no corruption. Land relations ar ...
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