Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
The past few months have seen renewed general public interest in cryptocurrencies. The recent 2021 Bitcoin bull run saw the price of Bitcoin surge to new all-time highs, and with it, new actors flooded into the crypto industry. Moreover, with payment service companies adopting crypto and Tesla buying $1.5 billion worth of Bitcoin, mainstream adoption of cryptocurrencies seems closer than ever. However, there is also a flip side to the recent surge of interest in crypto - an alarming increase in the number of crypto scams and scammers.
Anyone who uses social media will likely have seen some of the many different fake accounts, impostors, cryptocurrency scams, and other types of crypto-related hoaxes seen on various social media platforms. However, these scams have increased during the past year; as average consumers begin to get interested in crypto, the risk that these fall prey to cryptocurrency scams on social media networks or through other channels.
This article serves as...
People often turn to Bitcoin and cryptocurrency when they are in need of financial security, but this can be a recipe for emotional investing. Often, this can lead people to become the victim of a Bitcoin scam.
In this article, we will clear up the confusion around whether or not Bitcoin and crypto is a scam. We'll also take a look at the different types of Bitcoin scam formats, how to stop Bitcoin scam emails, and how to tell if you're about to be caught out by a Bitcoin scam or not.
So, is Bitcoin a scam? No, no it is not. Bitcoin is a relatively new technology that serves as a purely transparent, decentralized, and open-source currency. This means that Bitcoin can not be controlled, owned, or manipulated by any governing body or central entity.
Bitcoin is borderless and can be used by anyone in the world with an internet connection.
Due to the strength of the Bitcoin network and the cost to any potential attacker, it would be practically impossible for someone...