Cryptocurrencies run on blockchain networks to maintain records and
power transactions. All activities are encrypted and spread across the
blockchain platform in a distributed ledger. However, a report
published by the Better Business Bureau (BBB) shows that
cryptocurrency scams are increasing continually.
Many of these crypto scams and phony schemes have scared off investors
in the past. On several occasions, cybercriminals have taken off with
chunks of their funds. The standard tactic is the false promise of a
‘significant’ return on investment in cryptocurrencies. These posts
will highlight and educate everything about crypto scams and how to
Image: ChainalysisIn 2019, hackers have successfully breached 11 major cryptocurrency exchanges and have stolen more than $283 million worth of cryptocurrency, according to blockchain analysis firm Chainalysis.
The 11 hacks represent the…
A number of Ugandan citizens have been left in the lurch after being promised jobs at a cryptocurrency startup that’s gone dark.
Independent Ugandan newspaper Daily Monitor reports that dozens of people in the Masaka District have been…