Scam Alert - Coinspace
A reader wrote in to CCN, concerned about what is an obvious scam to a veteran Bitcoiner, but might actually rope new folks in with ease. The concerned reader wrote: Basically they are building a pyramid scheme (sorry, I mean binary member system), where you can buy in and get some hashing power from their cloud mining service. Also they claim, that they will release a new cryptocurrency (S-Coin), which only they will be mining. More absurdly - when the coin comes out, they claim that it will have a value of 1€ and after some time even more. Also the rewards for members are extravagant....
Related News
Swarm, a next generation crowdfunding platform leveraging Bitcoin technologies, has announced the first five companies that will raise funds on the Swarm platform: Manna, Coinspace, Swarmops, Judobaby, and DDP. Swarm interviewed Sol Lederer from Coinspace, a 20,000 square foot workspace in Brooklyn; these are some of the insights Sol reveals. What is Coinspace? “We want to build a co-workspace in Brooklyn that operates for crypto-businesses — whether it’s freelancers or startups. We’re going to operate with crypto internally so all the membership dues, and all our internal operations will....
I got to meet Solomon Lederer for the first time at Palo Alto, CA. He stand over 6 feet and peered down over everyone else at the Swarm Nest (Swarm's co-living space), but he has been kind to all those under his shadow. I saw him do several dry runs of his presentation, and watched the live event where he communicated his vision and fielded questions about his project called Coinspace where Lederer plans to convert an empty warehouse to a booming meeting place for Bitcoiners around the world. Ruben Alexander: Why do you think Coinspace is important for NYC? Solomon Lederer: It's important....
Recently, a Dogecoin developer flagged a new scam attempt, alerting the community to the rise of suspicious token promotions. Despite the decentralized nature of the crypto space, there has been growing scam activity, especially involving speculative assets like Dogecoin (DOGE). Dogecoin Developer Cautions Against New Scam A pseudonymous Dogecoin developer known as ‘inevitable360’ has taken […]
The latest Bitcoin scam involves fake porn virus alert that forces victims to buy freely available anti-virus software with Bitcoin. Porn is one of the widely searched content on internet. There are millions of adult websites – and many of them are known to host adware and other malicious codes. Scammers have taken advantage of this fact to convince people into sending them Bitcoin. The widespread scam is currently making rounds in Tasmania. According to news reports, scammers are sending fake pornographic virus alerts to unsuspecting computer users. The fake alert containing a....
The Shiba Inu community is being targeted by another string of scam attacks aimed at profiting from unsuspecting members. As a result, the Shibaarmy Scam Alert, an X (formerly Twitter) social media handle dedicated to exposing scams, has issued a crucial warning to the entire SHIB community. Related Reading: Decoded: Why Everyone’s Suddenly Googling ‘Bitcoin […]