Why do people fall for blatant cryptocurrency scams?

We’ve seen cryptocurrency scams of all types be promoted on nearly every platform we visit as crypto investors. However, in most cases, we immediately understand whether or not something is a scam by simply looking at the way it’s being promoted.   99/100 cases which use a celebrity’s name in order to add some trustworthiness to themselves are scams. But that seems like something you’d immediately understand right? Something that should be obvious. But for some reason, people still fall for it and invest. And not only beginners either, but…

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Crypto Execs React to Roubini’s “Damning” & “Disheartening” Senate Hearing

This morning, renowned economist Nouriel Roubini and CoinCenter director of research Peter Van Valkenburg testified before the U.S. Senate Committee to discuss the cryptocurrency and blockchain ecosystem.   “Doctor Doom” rattled his grievances with crypto, calling it “the mother or father of all scams and bubbles” and dubbing blockchain as a “glorified database.” He also claims that no one uses these technologies besides criminals and those who plot terrorist acts, stating that blockchain creates environmental damage, that crypto is not scalable, and that decentralization is a farce.   Blockchain and…

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What are the ICO Cryptocurrency Regulatory Guidelines?

ICO’s continue to boom as more tokens and coins are evident.  On Coinmarketcap, and at the time of writing, over 1500 cryptocurrencies are listed and trading. According to Fortune, nearly 50 percent of 2017’s Cryptocurrency ‘ICO’ Projects have already died. They report that “as many as 75% of all startups backed by traditional venture funding fail, and 30 to 40% of those take all of investors’ capital with them.”     With the high ICO failure rate and the craziness of Bitcoin investors, regulators are setting guidelines or passing laws.…

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An Open Letter to Pipcoin founder, Ref Wayne

To: Pipcoin founder, Ref Wayne – An Open Letter From the Desk of Bit-Media Zug, Switzerland To: Pipcoin Founder, Ref Wayne South Africa 6 August 2016 Dear Mr. Wayne There has been an incredible response to our previous post: – PIPCOIN / PIPCHAIN… IS IT REAL OR IS IT A SCAM? Most of these responses were emotional rants from people who feel threatened because of our efforts to expose the facts. You yourself responded on our Facebook page but you did not really give us any real answers to our questions.…

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