Twitter to blame for Twitter Bitcoin Scam

Did You Hear the One About the Special Giveaway?   “Big news from the Poloniex team today!” tweeted the U.S. exchange on Monday, announcing its acquisition by Circle. The first response to the tweet was as predictable as it was pitiful: “We аre joining Circle! To commemorаte, we’re giving аwаy 2000 ЕТΗ,” wrote “Palooniex”. “To pаrticipаte, senԁ 0.3-3 ЕТΗ to our аԁԁress below аnԁ get 3-30 ЕТΗ bаck. Hurry!”   Where does the blame for these scams lie? Although it’s easy to get mad at scammers for perpetrating these sorts…

Read More

Using Blockchain to Make Cross-Border Payment

CANADA – Jon Dela Cruz – The use of the blockchain technology for overseas money transfers limited to startups until now, but it appears that banks don’t want to be left out of the race either.     Crédit Agricole, a French bank, through an announcement in January 2018, mentioned it will start using Ripple’s blockchain technology on a trial basis. This is so it may improve the efficiency of money transfers for customers who live in close proximity to the Swiss border. These transfers usually take up to three…

Read More