Coinsecure Announces Delayed Compensation For Clients Affected By Bitcoin Heist
Coinsecure announced delay on compensation to customers affected by the recent Bitcoin theft. The theft lead to the loss of 438 Bitcoins (BTC)...
Category: ICO Scam
Australian Securities and Investments Commission To Provide Expanded Guidance On Initial Coin Offerings
The Australian Securities and Investments Commission (ASIC) is planning to introduce new regulations for Initial Coin Offerings (ICOs) over the next few weeks.
ASIC Commissioner John Price revealed...
Crypto-Related Activities Becoming A Major Concern In The US
The cryptocurrency market is growing rapidly and the launch of new crypto coins seems to be uncontrollable. However, crypto mining activities are increasingly becoming a major concern in some cities...
The Korea M&A Center Unveils ESC LOCK Service Aimed At Making ICOs Safer
South Korea’s M&A Center has unveiled a new financial model called ESC LOCK which is aimed at protecting Initial Coin Offering (ICOS) investors from scams.
ESC LOCK incorporates the same...
Capital Group Warns Associates Over Investing In ICOs
Capital Group has issued a stern warning to people, within its hierarchy, planning to invest in Initial Coin Offerings. The 87-year old investment management firm has banned all its associates, as well...
$150 Million In ICO Funds Ended Up In Pyramid Schemes In Russia Last Year
Reports that most Initial Coin Offerings are scams designed to steal money from unknowing investors is not something new. Research carried out by Satis Group has already shown that as many as 81% of...
JPMorgan Chase & Co. (NYSE:JPM), National Bank of Canada (OTCMKTS:NTIOF) Begin Trial Of BlockChain Platform
JPMorgan Chase & Co. (NYSE:JPM), National Bank of Canada (OTCMKTS:NTIOF), Goldman Sachs Group Inc (NYSE:GS)’s Asset Management, Pfizer Inc. (NYSE:PFE), and Legg Mason...
Research Reveals That Over 81% Of ICOs Are Scams
A study conducted by Satis Group, an initial coin offering (ICO) premier advisory company, revealed recently that 81% of the large ICOs that occurred in 2017 are classified as frauds. According to the...
Savedroid Exit Scam After Making $50 Million In ICO
An ICO cryptocurrency startup, Savedroid, based in Germany, has reportedly abandoned its scammed investors after the conclusion of its recent initial coin offering (ICO). Yassin Hankir, the Founder...
PowerLoan, Bitraddo Coin: Cryptocurrency Platforms That Claim To Make Money For You
The immense popularity of cryptocurrency has lead to increase in the number of new companies appearing in the market by the fourth quarter of 2017. Rather, experts opine that at present, almost every...