Idaho Warns of Crypto Scams Promising 80% Returns Every 24 Hours
The finance department of the U.S. state of Idaho has warned investors of a series of cryptocurrency scams promising returns as high as 80% every 24 hours with no risks to investors. Crypto Scams Promising High Returns The Idaho Department of Finance announced Wednesday “a series of fraudulent cryptocurrency schemes seen recently targeting Idaho investors.” The regulator detailed: The companies purport to provide high returns with no risks to the investor. These fraudulent schemes are operating under the names and websites of Crypto FX Direct, Shield Investors Ltd., Quartz FX....
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The U.S. Federal Trade Commission (FTC) has warned about social media being used in cryptocurrency investment scams. “Social media is a tool for scammers in investment scams, particularly those involving bogus cryptocurrency investments — an area that has seen a massive surge in reports,” said the FTC.
Federal Trade Commission Warns of Crypto Scams Utilizing Social Media
The U.S. Federal Trade Commission (FTC) published a “Consumer Protection Data Spotlight” last week, warning the public about scams, including crypto investment scams,....
The Financial Conduct Authority said investors in cryptocurrency products offering high returns should be prepared to lose "all their money."
ZebPay recently sent an advisory/warning note to all its users urging them not to invest in Ponzi schemes like MMM. The note also warns the users against using ZebPay's services for such schemes. Try going to a nearby park to ask people about Bitcoin, and you will be surprised to realize how little people actually know about it. While some people are more knowledgeable about Bitcoin, others aren't-most of them would say that Bitcoin is some form of digital currency that is volatile in nature. Some might go a bit further to say that bitcoin is a form of money that is used to buy drugs....
Lloyds Bank has issued a stark warning as crypto scams spike by 23% this year, revealing that victims are losing an average of £10,741. The report highlights the alarming trend of two-thirds of these scams originating on social media platforms. The data underscores the urgent need for increased awareness and regulatory measures in the cryptocurrency […]
Two Brigham Young University-Idaho off-campus housing developments recently announced they will allow residents to pay for rent with Bitcoin. EdgeCreek Property Management, which provides BYU-Idaho approved housing, is accepting Bitcoin in both the Nauvoo House for Men and the Mountain Pines Apartments for Women. This is a huge step forward for cryptocurrency, especially Bitcoin. Although someone can pay bills with Bitcoin using services like BillPayForCoins, the recent news at BYU-Idaho will bring the ease of use and practicality of accepting Bitcoin to the forefront. There are a few....