Search Results for: Scam
Bitcoin price crash sparks fears of ‘Massive’ spike in cybercriminal hacking
November 28th, 2018
Bitcoin (BTC) has experienced a troubled couple of weeks as the world’s leading digital asset hit its lowest value since September 2017 this month, sparking fears it could be more vulnerable to hacking from cybercriminals. BTC nosedived in mid-November, ...
CySEC: Be aware of fraudulent representation of CySEC officers
November 26th, 2018
The Cyprus Securities and Exchange Commission (CySEC), has issued today an announcement to warn about fraudulent representation of CySEC officers. In accordance CySEC’s announcement, a number of market participants have informed the CySEC about the fraudulent representation of CySEC ...
Denmark pushes to widen probe into multi-billion-euro tax fraud
November 6th, 2018
Denmark is widening its investigation of a massive stock trading scam, as the state attempts to recover $2 billion of tax reclaims it was tricked into paying. The country’s tax minister has asked the financial regulator to gather information ...
Bitcoin turns 10 — how it went from an abstract idea to a $100 billion market in a decade
November 1st, 2018
Ten years ago, as Lehman Brothers was declaring bankruptcy and the global economy was lurching into recession, the idea for an alternative currency was being quietly built online. Bitcoin went from an anti-establishment fad on the internet to a ...
Canadian Bitcoin Exchange ‘Hacked,’ Says All Funds are Gone
October 29th, 2018
A small Bitcoin exchange based in Alberta, Canada, has gone offline. Before their Twitter page went offline, MapleChange had announced on Twitter that they “ no more funds to pay anyone back.” In the way of an explanation, the ...
3 things you need to look for about cryptocurrencies
October 25th, 2018
Cryptocurrencies are digital tokens you can buy through an online exchange or through Initial Coin Offers (ICOs). Many online exchanges are unregulated, so it’s important to understand the risks before you invest. What are cryptocurrencies? Cryptocurrencies use encryption technology ...
Top EU banks guilty of multi-billion tax fraud
October 23rd, 2018
Tax-scams operated by the EU’s top banks cost treasuries €55.2bn, a cross-border investigation has shown. The scams, dubbed “the biggest tax robbery in European history”, involved Deutsche Bank and Santander – the largest lenders in Germany and Spain. They ...
Cryptocurrencies suffer $18 billion drop in value over three days
October 15th, 2018
Bitcoin finally began to stabilize Friday, but not before the total cryptocurrency market lost $18 billion of its already waning value in the course of a few days. The entire market capitalization for cryptocurrencies fell by $18 billion over ...
Investment fraud led to the loss of more than £2.8m of investors’ money
September 10th, 2018
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued an announcement to inform about FCA’s second largest ever criminal prosecution and most complex fraud investigations. Operation Tidworth was ...
Investors Alert: Beware of unauthorised financial services firms
September 4th, 2018
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued warnings to inform investors and public for “clone firms” and firms providing financial services without the required authorisation in ...
