Fraud

Major Spike In LocalBitcoins Trading Activity Could Be Due To Scams & Fraud

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Just last weekend, LocalBitcoins set its weekly record trading volume. Throughout disparate areas, there seems to be a unifying trend: volume is increasing on LocalBitcoins. But this has left some wondering: just how much of this trading volume is because of fraud? Many of the deals done on LocalBitcoins are refrained from doing through peer-to-peer […]

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Gyft to Embrace ‘Radical’ Blockchain Concept in Gift Card Fraud Fight

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Gyft CEO Vinny Lingham has announced prepare for his mobile gift card company to use bitcoin to make it possible for present card suppliers to provide more safe and secure, consumer-friendly digital items. Announced at the yearly SXSW conference, the news was exposed throughout a conference panel that looked for to deal with the real-world

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Apple Pay Fraud Rates Increase 6000% Over Normal Debit Swipes

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As the technology wars heat in the merchant payment industry, the facility’s venture referred to as Apple Pay has actually encountered some significant identity theft and fraud problems. NFS (Near Field Communications) might be smart. Biometric finger print scans into iPhones can make a user feel safe and protected, or just forward the user’s info

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PayCoin Delisted from ShapeShift.io amid Fraud Concerns

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Today, altcoin exchange ShapeShift.io formally eliminated PayCoin (XPY), GAW CEO Josh Garza’s controversial altcoin, from their list of accepted coins. Mentioning PayCoin’s (alleged) damaged pledge to purchase PayCoins at $ 20 each, ShapeShift considers PayCoin a scams. Likewise read: Coin-Swap Retires Some Altcoins PayCoin Delisted from ShapeShift.io ShapeShift made the announcement in a Reddit post.

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Japanese Police Suspect 99% of Mt. Gox Bitcoins Missing Due to Fraud, Not Transaction Malleability Hack

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The joint Japanese and American government examination into the location of apparently taken Mt. Gox bitcoins has revealed an essential discovery. The Japan News, Japan’s biggest English language newspaper, is reporting that scams is the cause of the “disappearance of 99 % of Mt. Gox bitcoins.” According to sources in the Metropolitan Authorities Department (MPD),

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Bitcoin Foundation Issues Fraud Alert Over Cloned Websites

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The Bitcoin Structure has actually provided a scams alert over phony sites that are trying to steal innocent visitors’ bitcoin. The bitcoin advocacy organisation stated in a statement that it understands of 2 cloned web sites, bitcoincompensation.com and bitsecuretransfer.com, which are cloning the genuine Bitcoin Structure website and spoofing web addresses and domains. “Neither of

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