Securities regulators in states and provinces inside the U.S. and Canada recently launched investigations into what some believe are fraudulent crypto investment enterprises. Named "Operation Cryptosweep," this push is said to be the most significant initiative of its type in terms of coordination between provincial and state…
8 posts tagged
Fraud
How To Spot A Cryptocurrency Scam: Federal Trade Commission to Host Free Workshop
The Federal Trade Commission (FTC) has announced that they will host a free to attend a workshop called "Decrypting Cryptocurrency Scams" in the upcoming summer. This was confirmed by a press release published on April 30, 2018. Their goal is to raise awareness about potential fraud in the…
Anonymous blockchains are hotbeds for crime; Bitcoin doesn't come close.
Bitcoin is not the only blockchain and certainly not the most notorious. It is, however, the most popular and so it must bear the brunt of negative popular opinion. Rémi Quirion, the Chief Scientist of Quebec, discussed how misguided popular opinion is about Bitcoin. He brings attention to the way…
IBM and Salon Media Team Up to Fight Online Fraud
According to recent media reports, IBM has gotten together with Salon Media to pilot a new Blockchain product from AdLedger. The new project aims to take advantage of the power and flexibility of Blockchain technology to fight digital advertising fraud. The Campaign Reconciliation Project aims to reduce the number of…
SEC's New Cyber Unit Seeks Out ICO Scams
Initial coin offerings are the current way to make money and get rich. A new part of the Securities and Exchange Commission (Cyber Unit) has been developed to investigate and prosecute ICOs. The first charges from the SEC targeted a scam that raised $15 million from thousands of investors with…
Bitcoin / Cryptocurrency IS A SCAM. Here's why I'm still an investor..
Cryptocurrency has allowed rampant fraud, but so too has the U.S. dollar. Where is the line and are Bitcoin, Ethereum, and Litecoin still good investments?…