ADA Investors Beware: Cardano Ambassador Issues Crucial Warning
A Cardano ambassador has issued a critical warning to ADA investors regarding an alarming increase in scams targeting the Cardano community. This cautionary message comes as anticipation builds up for the upcoming Chang hard fork approaches. Cardano Ambassador Raises Scam Awareness In a recent X (formerly Twitter) post on July 13, Pete, a Cardano community […]
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Barclays Bank, one of the largest banks in the world, has today issued a warning on the nascent digital currency Bitcoin arguing that it is not backed by any government or central bank and the deposits are not insured. The warning follows numerous similar warnings by Consumer Financial Protection Bureaus in the aftermath of the still mysterious downfall of MT Gox. Barclays urges its customers to beware of hackers and scammers and beware of rate fluctuations as well as general advice such as carefully read the contract and know with who you are dealing. Absent from the warning however is....
Management of bankrupt crypto exchange FTX has issued a warning that creditors should beware of phishing campaigns. Notably, this statement comes after the FTX Recovery Trust commenced its third settlements distribution following the exchange’s shocking collapse in November 2022. Related Reading: Bored Ape NFTs Win Big: Court Says They’re Not Securities Bad Actors Target FTX […]
Cardano has been in the middle of some major FUDs these past weeks and this has not been good for the value of the digital asset. Numerous negative news circulated around the asset, the most prominent being the delisting of ADA for U.S. users from the eToro crypto exchange. Since then, the altcoin has suffered massive dips that have sent the price of the digital asset towards three-month lows. Related Reading | Cardano Founder Addresses Liquidity Concerns Over eToro Delisting Although news of the delisting is a week out, the FUD surrounding the project has not subsided. This has....
The development team behind popular dog-themed meme coin and Shiba Inu competitor, Floki (FLOKI) has issued a critical warning to investors. The Floki team has alerted its community to be vigilant against a new scam attack designed to exploit investors. Scammers Target Floki Investors On June 29, the Floki team took to X (formerly Twitter) […]
The Washington State Department of Financial Institutions has issued a new warning to potential buyers of digital currencies such as bitcoin. The advisory, entitled "Beware the Next Big Investment", offers a warning about investing in digital currencies, marijuana-related businesses and binary options. It reads: "Digital currency value fluctuates wildly because it is decentralized and often the subject of 'breaking' news and rumors." The majority of the item focused on the risk of unrealistic investment pitches, including those that seek to intentionally misinform investors. "Since....