Cryptocurrency scams reddit
Currently being tested internally, the feature would enable Redditors to use non-fungible tokens NFTs as avatars. Reddit is working on NFT profile pics as well! Another social media giant, Twitter, rolled out support for NFT profile pictures last week. After a successful trial in Ukraine, Propy is offering U.
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Content:
- 6 red flags of an ICO scam
- Reddit Is Digging Into NFTs: Testing NFT Avatars
- The Rise of Cryptocurrency Exit Scams and DeFi Rug Pulls
- Reddit follows Twitter’s lead, tests NFT profile pic feature
- 10+ Cryptocurrency Fraud and Scams You Need to Pay Attention to
- Inside the Rise and Fall (and Rise and Fall) of Shit Coins
6 red flags of an ICO scam
Currently being tested internally, the feature would enable Redditors to use non-fungible tokens NFTs as avatars. Reddit is working on NFT profile pics as well! Another social media giant, Twitter, rolled out support for NFT profile pictures last week. After a successful trial in Ukraine, Propy is offering U. Meta diving into the NFT is part of its effort to explore new revenue models and grow its metaverse.
Access more crypto insights and context in every article as a paid member of CryptoSlate Edge. Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity.
Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies. The recent sell off was largely driven by sentiments over U. Ambire Wallet is a new-generation non-custodial and open-source smart wallet that offers its users easy access to DeFi, enhanced user experience and a focus on security. Failed promises and rug pull accusations? New York? San Francisco?
Curve DAO Token. Discover Crypto. Ethereum Foundation. Andre Cronje. Changpeng Zhao. Pavel Durov. Michael Saylor. Elon Musk. Recent Stories. Does looking back on past crypto market crashes make sense? How will Cardano scale to meet the demands of its burgeoning dApp ecosystem? Email address. First name Optional. Get an edge on the cryptoasset market Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.
On-chain analysis. Spend with the Crypto. Get crypto insights and analysis Access more insights in every article as a member of CryptoSlate Edge. Investigations into the security breach suggest 2FA is not as secure as we are led to believe. Report: Crypto fundamentals are stronger than ever The recent sell off was largely driven by sentiments over U. The president, the fast-food giant, and the sus crypto token Crypto banter inspires scammers to create Grimace Coin.
Reddit Is Digging Into NFTs: Testing NFT Avatars
Over the past few months, discussion of a new crypto coin, called FEG Token, started to slowly sprinkle across the internet. Soon enough, more unnamed investor types with obscure Twitter handles began discussing this new coin on Twitter, touting it as the next big crypto investment. People were enticed to join a Telegram group , which soon grew from a few dozen random crypto insiders to around 40, wannabe investors, who seemed to be on the chat on a rolling-around-the-clock basis, constantly sharing gorilla memes and gorilla jokes and gorilla analysis on FEG Token and talking about how many they had all purchased, or planned to, and how the price was going to skyrocket. There were voice chats about FEG.
The Rise of Cryptocurrency Exit Scams and DeFi Rug Pulls
But cryptocurrency fraud is one of the looming dangers of this new digital opportunity. The concept was sound and the idea of getting rid of traditional money appealed to the general public. And in , a group called Satoshi Nakamoto launched Bitcoin, which was unanimously considered the first and true decentralized digital currency. With the advent of a new era of non-bank-dependent digital currency, numerous Bitcoin alternatives were seeded on the market. Living the dream, right? Cryptocurrency fraud, the subject du jour , has gained quite a foothold, with hundreds of thousands of people being swindled every day. Hence this little handy hand-guide will tell you all about the wondrous world of crypto scams and how to avoid them. As a rule of thumb, you should never accept crypto-trading with companies or startups that are not blockchain-powered. Furthermore, before committing to a company or another, you may want to review their credentials — look for status quo indicators such as adherence to initial coin offerings rules and digital currency liquidity.
Reddit follows Twitter’s lead, tests NFT profile pic feature
Other cryptocurrencies have come along for the ride, and one of the odder beneficiaries has been Dogecoin—heavily promoted on Twitter in the past couple of weeks by Tesla CEO Elon Musk. Dogecoin started in December , at the peak of the first big bitcoin bubble. The idea was to have fun and be silly with a cryptocurrency that was cheap enough to mess around with—each coin was worth a fraction of a cent. They would tip each other dogecoins for amusing comments.
10+ Cryptocurrency Fraud and Scams You Need to Pay Attention to
A crypto-criminal feeding ground. As a cryptocurrency enthusiast, these are the 5 most common DeFi scams I see on a daily basis; and a few easy ways to protect your bacon. DeFi is a digital financial ecosystem that allows for many different kinds of financial maneuvers to take place on a public blockchain, thus eliminating the need for a middleman like a traditional bank. Anything you can do in the legacy banking system, like lending, borrowing, trading, saving, investing, etc. That kind of open access allows for a variety of financial activities to take place directly, peer-to-peer.
Inside the Rise and Fall (and Rise and Fall) of Shit Coins
Bitcoin - the possible Pandora's Box of the currency world - has never been short of controversy. Whether it be aiding the black market or scamming users out of millions, bitcoin is no stranger to the front page. Still, the jury is out on the legality and usefulness of bitcoin - leaving it in a proverbial grey area. Perhaps you've found bitcoin while it looks to be on the rebound and find yourself interested in it as an investment. However, there have been several legitimate bitcoin scams that have become infamous, and you need to know about them - but, what are the top 7 bitcoin scams? And how can you avoid them? For most cases, it may be pretty obvious what a scam is - but with bitcoin, and cryptocurrency in general, things become murkier.
Reddit has officially entered the lucrative NFT market. It has experimented with NFT avatars, allowing users to utilize NFTs as profile images on the content-generation social platform. The avatar setting includes a variety of styles; users can make their own by selecting from a selection of face, tops, bottoms, head, and body.
A Utah man who lost hundreds of thousands of dollars to a cryptocurrency scam has spoken out about his experience. Larsen later discovered the app was fake, and it had stolen his information. He said he does not expect to get his money back as it can be difficult to trace such transactions. His story comes as cryptocurrency, a digital-only form of money, has exploded in popularity over recent months. Regardless of scammers, experts have previously told Newsweek that investing in cryptocurrency is highly risky due to the volatile nature of the market.
Fake social media endorsements are using the Duke and Duchess of Sussex to promote Bitcoin investment schemes, reports the Daily Mail. Photos of the pair and fabricated interviews have been used in online articles claiming they have backed Bitcoin-related investment schemes. One fake headline reads: "People earning millions from home by using Harry and Meghan latest advice". The duke and duchess are among several celebrities being used in get-rich-quick schemes, from Bill Gates to Mark Zuckerberg, reports the UK's Financial Conduct Authority. In one article, a supposed investor is quoted as saying: "I let the software run and my profits stacked up like pancakes.
More posts by this contributor UPS bets on blockchain as the future of the trillion-dollar shipping industry 6 red flags of an ICO scam. ICOs have opened to the general public investments in blockchain ventures. There were more than ICOs in , and conducting due diligence on all of them would be extremely time-consuming, even for a knowledgeable analyst, let alone an amateur investor. This is compounded by the fact that blockchain is still considered to be an early-stage technology, with new consensus mechanisms and use cases being developed every day.
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