The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

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Scammers are threatening to reveal cheating husbands to their wives and asking for bitcoin ransom – check the details in this edition of The Daily. A porn streaming website now rewards its users with tokens, and hair sprays are sold for BTC and BCH. Also, find out what Brits think about blockchain and learn about…

Bitcoin Investor Sues AT&T For $224 Million in Alleged Crypto Fraud

Bitcoin Investor Sues AT&T For $224 Million in Alleged Crypto Fraud

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While cryptocurrency scams and lawsuits are usually based on “exit-scams” and outright frauds, Michael Terpin, a U.S.-based cryptocurrency investor, has filed a mammoth $224 million lawsuit against his telecom operator, citing the theft of digital tokens. AT&T’s Identity Gamble As reported by Reuters, Aug. 15, Terpin is holding telecommunications giant AT&T liable for gross negligence…

South Korean Shipwreck Probed for Potential ICO Scam

South Korean Shipwreck Probed for Potential ICO Scam

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A possible ICO scam is under investigation in South Korea after a much-publicized shipwreck attracted the suspicions of local authorities. Sunken Treasures As reported by local outlet Korea Joongang Daily on August 1, 2018, Seoul-based Shinil Group is facing the heat as a critical figure in the scam. Earlier in July 2018, Shinil allegedly promised…

Google Yanked MetaMask From the Chrome Store, Left a Phishing Scam Up

Google Yanked MetaMask From the Chrome Store, Left a Phishing Scam Up

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Scams are an epidemic in the crypto space, and clumsy actions by big tech companies can open up the opportunities, as MetaMask learned recently.

Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned

Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned

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According to regional reports, the State Bank of Vietnam (SBV) has agreed with a proposal to ban imported cryptocurrency mining machines in order to keep the digital currency economy tethered tightly to the government’s regulatory frameworks. The proposal was introduced by the country’s Ministry of Industry and Trade (MoIT) after the SBV announced that cryptocurrency…

World’s First Legal Literature on ICOs Calls Out Fundraising Method

World’s First Legal Literature on ICOs Calls Out Fundraising Method

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A University of Pennsylvania legal research report concluded Initial Coin Offerings (ICOs) have mostly “failed” to reflect on their contractual promises as described in their whitepapers. ICO Projects a Far-Fetched Endeavour Titled “Coin-Operated Capitalism,” the paper was released on July 17, 2018, and aims to explore ICOs as a legitimate option of fundraising. The paper…

ETH Bots Run Rampant While Twitter Claims to Ban Lookalike Accounts

ETH Bots Run Rampant While Twitter Claims to Ban Lookalike Accounts

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According to reports the social media platform Twitter has been deleting millions of fraudulent accounts per day, and stated during the first week of July that it suspended more than 70 million accounts throughout May and June. However, the cryptocurrency industry is still plagued by tons of ‘ETH scam-bots’ pretending to be bitcoin luminaries and…

A Look at the Long and Annoying Process of Claiming Bitcoin Forks

A Look at the Long and Annoying Process of Claiming Bitcoin Forks

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Over the past year, there has been a lot of forked coins based on the Bitcoin Core (BTC) codebase in various forms and with all types of interesting names. There are anywhere between 40-70 forked coins in the ecosystem that are worth a few bucks, while some of them are worthless and not worth the…