Is Nautiluscoin a Scam?
CNBC ran an article earlier this week announcing that the Greek Island of Agistri will test Brian Kelly's Nautiluscoin. The tumultuous economic environment in Greece provides the opportune climate to deploy a new altcoin, Kelly argues. The CNBC article is a highlight reel for Nautiluscoin. It never mentions the serious challenges any altcoin faces, or that a rapid large scale deployment of a virtually unknown cryptocurrency is a pipe dream. That makes a lot more sense though, when you realize Brian Kelly is the article's author. What is Nautiluscoin? Nautiluscoin was first heralded in a....
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Greece has been under the weather for a long time but Agistri, a small Greek island widely considered to be a tourist haven, has been one of the hardest hit. To seek out a way to survive in this harsh time, and to keep the economy running, the policymakers have now fallen back on the magic of cryptocurrency to pull Agistri out of the crisis. The authorities have put a seal of approval to pilot a new cryptocurrency called "Nautiluscoin" with the hope that it would help pull the fragile economy on track. This virtual currency was initially made to help people who wished to make transactions....
The PAR Project (par.io) a Productive Asset Record system, has released its white paper today revealing the launch of its new platform. PAR is a management application for the administration of capital pools through blockchain technology. PAR Releases White Paper. The PAR Foundation was founded in 2016 by Brian Kelly, Jacob Dienelt, Michael Sofaer, and....
According to a report from Ars Technica, the Italian company Hacking Team developed a piece of software called Money Module that specifically targeted cryptocurrency wallets in addition to other financial files. It looked for the wallet.dat file on the hard drive and if it found it, relayed it back to the owner of the license to the software. Then, they could try to break the password, and from there they could either have the money or at least track the funds of the user, which would be the ultimate goal of a spy agency, for instance. But an individual hacker who may have this software....
A class-action lawsuit has reportedly been filed against a cryptocurrency scam that has duped many Indian investors. The scam, promoted in three Indian languages, lures investors by promising up to 900% return on investments. The Delhi court has directed a notice to be placed in major newspapers, seeking victims of this scam to come forward. Class-Action Lawsuit to Stop a Crypto Scam in India A representative lawsuit has reportedly been filed in order to stop a cryptocurrency scam from continuing to dupe Indian investors. The Delhi court last week directed a notice to be published in....
A senior student at Shanghai’s Tongji University fell victim to an NFT scam, losing around $548,000 after his non-fungible token was stolen through a phishing scam. The NFT artwork which Niq Chen bought from the well-known Doodles Collectible NFT project entitled “LuckyCot 3D,” made up roughly half the value of his entire NFT assets, he […]