3 red flags that signal a crypto project may be misleading investors
The challenges faced by Terra, Wonderland and a handful of other DeFi projects exposed the need for investors to do more research and avoid cult personalities. Satoshi Nakamoto left a large pair of shoes to fill after releasing the code for Bitcoin (BTC) to the world, helping to establish the network, then vanishing without so much as a trace. Over the years, the crypto ecosystem has seen many developers and protocol creators rise in stature to become crypto messiahs for faithful holders who eventually have their best-laid plans end in catastrophe when the protocol is hacked, rugged or....
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Narendra Modi, the Prime Minister of India, on Saturday chaired a meeting on crypto in India. During the meeting, the officials present agreed that some crypto platforms are misleading the youth of the country. And that there is a need to stop non-transparent advertisements. Indian Lawmakers And Cryptocurrencies The meeting comes days after Reserve Bank […]
Cointelegraph has conducted a review of the ongoing ICO campaign of Adel, and we are now making it available for our readers. ICOs are a new paradigm of fundraising, in use with many young Blockchain-based startups. During one, the company in question releases a cryptocurrency token and sells a part of the total supply to its intended audience. ICOs do not have any specific legal regulations associated with them, and as such can be a risky thing to participate in for the investors. In order to not fall prey to a fraudulent campaign, one should conduct due diligence and stay on the lookout....
The United Kingdom’s Advertising Standards Authority is increasing its capacity to track misleading crypto ads using AI and scraping. Amid the United Kingdom taking a tougher regulatory stance on the cryptocurrency industry, a major local advertising industry organization has announced a crackdown on crypto ads.The Advertising Standards Authority (ASA), the U.K.’s independent advertising regulator, plans to launch a major effort this month to hunt and shut down misleading crypto adverts, the Financial Times reported Friday.Miles Lockwood, ASA’s director of complaints, said that the....
The US Securities and Exchange Commission (SEC) has filed fraud charges against Unicoin and three of its senior executives over allegedly misleading 5K+ investors. According to the charges, the project promised that its token would be backed by billions worth of international real estate holdings. In reality, its assets were only worth a smidge of […]