Cryptocurrency news is everywhere—from record-breaking prices in trading to huge losses in cryptocurrency scams. However, the latter is particularly alarming, with Bitcoin.com reporting early this year that scammers have amassed $1.36 billion worth of cryptocurrencies during the first two months of 2018 alone.
That makes it more or less proportionate to the biggest financial frauds ever recorded in history. It also goes to show that malicious schemes have been around since time immemorial, although they may come in different forms nowadays.
With the phenomenal growth of the internet and related technologies, it’s becoming rather convenient for fraudsters to carry out their illegal exploits against end-users. That said, it pays to know as much as much you can about cryptocurrency scams to protect yourself from the potential ills of trading or investing in virtual currencies.
Use the accompanying infographic to keep yourself up-to-date on what’s happening in the cryptocurrency space.
Posted by Gian Allen of The Noah Project.
NOAH PROJECT seeks to bring about social innovation through blockchain technology and work to solve the economic disparities around the world. A portion of the project’s proceeds will be donated to charity by our parent organization, NOAH FOUNDATION.
The project works to issue NOAHCOIN, perform development on NOAH CITY, perform infrastructure development, use funds raised into advertisements and promotions, spread the token, and ensure the circulation of the NOAHCOIN.
Operations for NOAH PROJECT will be carried out by the non-profit organization, NOAH FOUNDATION, which was founded by sympathizers from a number of industries in order to promote the growth of the economy in the Philippines and solve the various social issues which exist within the country.
See original source of infographic here: How to Spot Cryptocurrency Scams