Category: Fraud

BitStamp Implements Multi-sig Wallet technology

A sigh of relief within the Bitcoin community would have been felt right about now. As Bitstamp announces the recommence of their services, confidence and trust in the exchange is likely to be retained by their customers. Following the hot wallet attack on 5th of Jan, the leading Bitcoin exchange Bitstamp halted its services until further notice. In a recent tweet, the exchange declared that the website is open for business …
[Read More]

Why you should not attend the Miami Bitcoin Conference

Conferences are held in order to increase awareness about an idea, educate people, and share ongoing research. The upcoming Bitcoin conference in Miami is going to take place on January 16th and is the 4th Bitcoin conference to take place in north america. The current price for a ticket is $150 and you can buy it from http://btcmiami.com/ Why you should not attend it It has come to our attention that …
[Read More]

PayCoin – The Next Big Scam In Crypto

What is paycoin? PayCoin (XPY) an altcoin backed by GAW miners, which is believed to be a scam, recently joined the Top 5 club of cryptocurrencies according to its market valuation on CoinMarketCap. At the time of valuation, PayCoin was also informally launched on 16th December with an initial investment of $54.5 million brought into the market. It is also believed that PayCoin is part of a ponzi scheme with …
[Read More]

Is OkCoin is the next Mt. Gox?

Ever since the massive Mt Gox debacle that took place earlier this year, Bitcoin exchanges have been subjected to high scrutiny by active traders in Bitcoin market. The collapse of Mt Gox was a serious deterrent to Bitcoin’s image in the mainstream media. The exchange that once conducted 70% of Bitcoin trading volume was a scam after all. Who’s to say that there isn’t another Mt Gox in the making? …
[Read More]