Category: Scams
Cryptocurrency Scams
What is Two Factor Authentication (2FA) and How Does It Work?
Introduction to Two Factor Authentication (2FA) In the 90s, the most screen time people could spend was in front of their televisions or personal computers….
Ex-Deutsche Banker Admits To $1.5M Crypto Fraud, Faces Lengthy Jail Term
Rashawn Russell, an ex-investment banker at Deutsche Bank, has recently pleaded guilty to a complex web of fraudulent activities. At the center of his deceit…
6 Common Bitcoin Scams and How to Avoid Them
Introduction Cryptocurrencies and blockchains are gaining more traction but there is an increasing problem with the issue of frauds and scammers. This article sheds light…
Common Crypto Scams and How to Avoid Them
Introduction Scams are a bad but real part of the financial system. Just like traditional finance product cryptocurrency markets are also subjected to scam. This…
What is KYC and Why Does It Matter for Crypto Exchanges?
Introduction Most investors enter into the crypto markets via cryptocurrency exchanges. Centralized crypto exchanges are regulated and they implement checks such as KYC to ensure…
What is a Crypto Phishing Attack and How to Avoid It?
Introduction Cryptocurrencies have eliminated the risk of physical robbery. However, crypto exists in the digital realm where it is exposed to various types of cyber…
Hackers Return Over 70% Of Stolen Curve Finance Funds
There are new developments regarding Curve Finance’s hacker exploits. Reports indicate that the hackers had returned approximately 73% of the stolen Curve Finance tokens, about…
What is Data Tokenization and How Does It Work?
Introduction Tokens are unmined register entries on a blockchain. Tokens are used within and outside of cryptocurrency markets. They can be redeemed for RWAs or…
What is Market Manipulation and How Does It Work in Crypto Markets?
Introduction Crypto trading requires practical experience much like any other investment market. Even professionally trained investors take their time to take up the practical experience…
Crypto Attacks On Mobile Phones: A Major Threat To Crypto Investors
Several distinct frauds using virtual currencies have surfaced over time. Scammers aren’t only after your bank account funds; they want your digital currency holdings, too,…
Dubai’s VARA Issues Enforcement Action Against BitOasis
Dubai’s Virtual Asset Regulatory Authority (VARA) has issued an enforcement action against BitOasis, one of the Middle East’s leading crypto trading platforms. The crypto regulator…
Australia’s Treasury Department Fears Crypto Debanking Could Cripple Industry
The Australian crypto ecosystem has been in the news in recent weeks following the growing trend of traditional banks cutting their services to the industry….
Understanding Crypto Asset Segregation And Management
Crypto asset management is managing and enhancing investments involving crypto assets. This practice employs various innovative techniques to boost profits while mitigating potential risks. At…
What is a Crypto Mixer and How Does It Work?
Introduction A crypto mixer, also known as a cryptocurrency mixer, Bitcoin mixer, or tumbler, is a service designed to increase the privacy and anonymity of…
Blockchain Investigator ZachXBT Faces Libel Lawsuit Over Unverified Claims
On-chain sleuth ZachXBT, who has gained a reputation for his expertise in investigating blockchain fraud, is now facing a lawsuit for allegedly damaging the reputation…
NFT Royalties: What Are They and How Do They Work?
Nonfungible tokens (NFTs) have emerged as a pivotal technological breakthrough, serving as a fundamental element within the Web3 landscape. Although the Ethereum community initially spearheaded…
Shibarium Clocks 1 Million Blocks as BONE Sees Increased Utility
Shibarium’s beta phase, known as “Puppynet,” has achieved a significant breakthrough by surpassing a milestone of 1 million blocks. The latest data from PuppyScan, a…
What is Double Spending and How to Prevent It?
Do you know what “double spending” means when it comes to crypto? Have you pondered how it works and the means of protection against it?…
What are Crypto Airdrops and How Do They Work?
Crypto Airdrops are used by crypto startups as a part of their marketing strategy. These include giving small amounts of newly launched crypto tokens to…
What is a 51% Attack? A Beginner’s Guide
Anyone who has been involved with cryptocurrency for any length of time has probably been worried about the safety of their holdings. This guide will…
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