DislikeBitcoin Fraudsters Use NZ’s Former PM in Endorsement

#92
Bitcoin Fraudsters Use NZ’s Former PM John Key in Endorsement

John-Key-bitcoin-scam760x400.jpg

John Key, former New Zealand Prime Minister, is the latest in a line of notable individuals involved, albeit unknowingly, in a cryptocurrency scam. Bitcoin fraudsters are using the image of John Key promoting a Bitcoin scam. According to a report in Stuff.co.nz, the ad was designed for a company known as Crypto Revolt.

So far, the scammers are using images of popular TVNZ presenter Hayley Holt and New Zealand’s Prime Minister Jacinda Arden to defraud unsuspecting investors.

The Fraudsters’ Promoting Scheme
The ad, see below, resembled a business news page from New Zealand-based website Stuff, and it purports to conduct an interview with Key on his enthusiasm for the cryptocurrency. However, the website’s logo was replaced with the words NZ Times, which were positioned at the top, and all associated links redirected to Crypto Revolt’s site.

john-key-bitcoin-fraudsters.jpg

The website promoting John Key as a bitcoin endorser. Screengrab by Stuff.co.nz

Crypto Revolt is Targeting Other Prominent New Zealand Celebrities

A related news article scam was reported back in September 2018. The scam used a false report of New Zealand Breakfast show hosts Hayley Holt and Jack Tame profiting from the service. It included screenshots of Holt and Tame, claiming Holt had made investments in Bitcoin live on air.

"Within three minutes, she had successfully increased her initial funds to $483.18. That’s a $233.18 profit,"

the fake article noted.

Holt eventually came out to deny any reports that she made investments in Bitcoin, calling the report a scam.


Bomb Threats Demanding Bitcoin

Towards the end of 2018, the country was on high alert when reports surfaced about a bomb threat where the criminals threatened to detonate an explosive device in the recipient’s office if their demand for a ransom in Bitcoin wasn’t met. The computer emergency response of the New Zealand government, CERT NZ, said they were aware of the threatening emails, advising New Zealanders not to reply the email or send the bitcoin payment.

New Zealand was particularly hit with numerous crypto-related scams during the crypto boom of 2017. The country’s police force has warned the public about these scams, encouraging potential crypto investors to seek proper counsel before making investments in Bitcoin investment platforms.

The increasing number of online Bitcoin scams has also drawn the attention of Netsafe, a non-profit online safety organization based in New Zealand. A spokeswoman for the organization said,

"We advise not to put any money into scheme unless you’ve done it through a registered broker or read the FMA advice regarding investments."

Source: https://www.ccn.com/bitcoin-fraudsters- ... dorsement/
Download over 500+ Forex & Trading books from Forex-Station's Trader's Library.

Cricket SA hacked, sells bitcoin lottery

#93
Cricket South Africa account hacked, sells bitcoin lottery

World cricket body ICC acknowledged the account has been compromised and asked the users not to engage with the Twitter handle until it has been fixed and erroneous tweets deleted.


south-africa-759-1.jpg
South Africa cricket team handle was compromised on Monday morning IST. (Source: AP)

The official Twitter account of South African cricket board (OfficialCSA) was compromised overnight resulting in multiple tweets trying to sell bitcoin lottery. It all began at 4.20 AM IST on Monday with the tweet stating, “@OfficialCSA is partnering with @lunomoney for the fist South African Bitcoin Lottery. Simply send 0,01 BTC to 13My18T92DCzGdrtiCgRuS32T6rFLjnG56 and your BTC Wallet Address will be entered into a BTC Lottery for 20BTC (That’s Over R1Mil). Lottery closes at 15 Jan @ 10PM.” with two more tweets around the topic. The compromised nature and spam tweets continued in the morning with two more post 9 AM in the Indian time zone.

The issue seemed to have been resolved at 11.23 AM IST when Cricket South Africa tweeted, “And… we’re back! Apologies to all our Twitter followers who were affected by the hack overnight. We are back in control & ready to bring you what promises to be an even more eventful Day 4 of Test cricket. Thank you to our friends at the @ICC for your assistance this morning.”

World cricket body ICC had acknowledged the account was compromised and asked the users not to engage with the Twitter handle until fixed and erroneous tweets deleted. “Please be aware that the @OfficialCSA Twitter account has been compromised. Our friends in South Africa are working hard to resolve the situation quickly. Please do not click on any links or engage with the account until such time as this is rectified,” wrote ICC in the tweet. Meanwhile, Alistair Hogg, Digital Content Manager at ICC, also shared that they reached out to the social media service to sort out the issue. He wrote in reply to a user, “Their account was compromised overnight. We are working with Twitter to sort it out.”

1-12.jpg
First instance of spammed tweet came at 4.20 AM IST.
3-10.jpg
The spam tweets continued a few hours later.
2-11.jpg

On the field of play, South African cricket team will take the field in Johannesburg on Monday against Pakistan in the third Test. Pakistan go into the fourth day’s play needing 228 runs to win while Proteas need 7 wickets to inflict the clean sweep. South Africa had won the opening two Tests of the three-match series.



Source: https://indianexpress.com/article/sport ... d-5537067/
Download over 500+ Forex & Trading books from Forex-Station's Trader's Library.

Re: Bitcoin news

#94
Gate.io, a US based crypto exchange with a daily trading volume of $94 million, said it has lost over 40 000 Ethereum Classic worth over 220 000 USD after a hacker attack on January 7th.
It is assumed that it was a “51%” attack, in which a user or a group seizes the control of the majority of mining power to monopolize control over the network. A successful “51%” attack will allow hackers to rewrite the transaction history of the block chain and double spend coins for fiat currency.

Such kind of attacks are typical for block chains that use a proof-of-work (PoW) algorithm.

“It happened between 0:40 Jan.7, 2019 and Jan 4:20 Jan.7, 2019 UTC for about 4 hours. All the transactions were confirmed normally on the ETC blockchain and became invalid after the blockchain rollback”, Gate.io announced.

Bitcoin: "I lost about $3million last year"

#95
'I lost about $3million last year': How a Bitcoin investor who once sold tennis star Nick Kyrgios cryptocurrency lost a FORTUNE when the price crashed - but says you can still get rich by following one simple step

  • Sam Karagiozis, 27, was a self-made millionaire who struck it rich through Bitcoin
  • In late 2017 one Bitcoin was worth AUD$25,000 - it now sits around AUD$5,000
  • When the price of Bitcoin crashed last year Mr Karagiozis lost close to $3million
  • The entrepreneur sold cryptocurrency to tennis star Nick Kyrgios and his brother
  • Mr Karagiozis has a portfolio in excess of $10million across property and Bitcoin

A leading Bitcoin investor who introduced cryptocurrency ATMs across Australia has admitted losing more than $3 million when the price plummeted last year.

Sam Karagiozis left school at 15 to work full-time at McDonald's, with a dream of one day running his own business empire.

By his early 20s he had amassed a multi-million dollar property portfolio, before the Canberra-based entrepreneur made the brave decision to invest in cryptocurrency.

When the price of a single Bitcoin peaked at more than AUD$25,000 in late-2017, Mr Karagiozis and many other early investors were all too happy to tell of their success.

But despite his initial profits Mr Karagiozis, 27, told Daily Mail Australia how he lost a fortune when the buzz around cryptocurrency dropped off and the price went into free fall.

try_hard_8680416-6597155-image-m-2_1547787473257.jpg
faggots_8680414-6597155-image-m-4_1547787573021.jpg

'Financially, this year I'm probably starting off about $5 million worse,' Karagiozis told Daily Mail Australia.

'Cryptocurrency would have accounted for about $3 million of that loss and property the other $2 million.'

At the height of his success with cryptocurrency Mr Karagiozis was driving a Bentley with the numberplates 'MRBTC'.

He also made friends with tennis superstar Nick Kyrgios and older brother Christos, and admitted selling them 'quite a bit' of Bitcoin, before sitting in Nick's players box at the Australian Open.

In an interview in early 2018 Mr Karagiozis predicted the price of Bitcoin would reach $100,000 by year's end.

On December 31, 2018, the price of the popular cryptocurrency sat at AUD$5223.28.

Looking back the self-made millionaire admits not only did he jump the gun, but says the buzz around Bitcoin may have also seen it jumped too high, too quickly.

'I feel like Bitcoin may have risen a bit faster than it was meant to,' Mr Karagiozis said.

'But also last year we saw global share markets decline and even looking at property makerts in Australia, they dropped too.

money_talks_8680412-6597155-image-m-9_1547788105413.jpg

'In terms of Bitcoin, with all the media attention you saw the price skyrocket and then the early investors who had made all this profit took their money and cashed out.

'As the early investors started cashing out, the people who got in later got frightened and you saw the price just plummet because there was a real lack of confidence.'

If the collapse of Bitcoin wasn't bad enough for Mr Karagiozis, it was followed by big struggles with the launch of his own cryptocurrency - 'Auscoin'.

Mr Karagiozis and the company's other investors hoped to raise $30 million from the initial coin offering (ICO) of Auscoin, but fell a long way short.

'We raised just shy of $2 million, so just over 5 per cent of our initial goal - the rollout didn't work out as we hoped,' he admitted.

'But we currently have 31 Auscoin ATMs in Australia... and our turnover is $500,000 a week, which is just insane considering how much the price of Bitcoin has dropped.

'It just shows there really is a market for it and cryptocurrency is seen as a way of the future for many.'

Having been left red faced with his prediction that Bitcoin would reach $100,000, Mr Karagiozis admits his estimates for cryptocurrency in 2019 are a bit more subdued.

He believes that while the days of becoming an overnight 'Bitcoin millionaire' are gone, there is still ways to make a handsome profit from cryptocurrency.

'I think it will be more of a recovery phrase, sitting in between $5,000 and $8,000 for much of the year,' Mr Karagiozis said.

'I think we will see some gains but I think it will be a lot more consistent, so for those who have sat back and watched it drop from $20,000 it's an awesome opportunity.

'People now that are into crypto aren't going in blindly and hoping to get rich, they're learning about it, reading charts and trying to build their portfolio and develop skills.

'It may have lost some of its buzz but I'm bullish long term in Bitcoin, I still believe in it like I did last year - I just don't think there will be many more overnight millionaires.'

WHAT IS CRYPTOCURRENCY?
Bitcoin is a digital currency, known as cryptocurrency, which began in 2009 and which was initially worth just a few cents.

In late-2017 it peaked at more than AUD$25,000, before dropping steadily in 2018. Currently, the price of a single Bitcoin sits at just AUD$5,000.

Thousands of amateur traders are now betting huge amounts, while start-up companies use bitcoin to raise money and avoid the transparency needed in a stock market float.

But experts fear the currency has become a vast speculative bubble detached from reality.

Watchdogs across the world have warned there could be a sudden massive crash if the market turns, losing investors billions of dollars.

Economist Nouriel Roubini, who predicted the global financial crisis (GFC), is one who has called cryptocurrency a 'giant speculative bubble' bound to end in disaster.

Cryptocurrency investors claim the price will boom again, potentially as high as USD$50,000 or AUD$100,000.

Bitcoins are generated by using an open-source computer program to solve complex math problems. This process is known as 'mining'.

Each Bitcoin has a unique fingerprint and is defined by a public address and a private key. Owners of bitcoin do not own a physical coin, but instead a string of numbers and letters that give it a specific identity.

Other types of coins are available online including Ethereum, LiteCoin, Neo and Monero — these non-bitcoin cryptocurrencies are often called altcoins.

Source: https://www.dailymail.co.uk/news/articl ... ashed.html
Download over 500+ Forex & Trading books from Forex-Station's Trader's Library.


Re: Bitcoin news

#96
The Dutch central bank – the De Nederlandsche Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM) ave jointly proposed licensing requirements for all crypto exchanges operating on Dutch soil.

The proposal follows a request by the Dutch finance ministry, which asked AMF and DNB to develop steps to regulate the crypto market in an attempt to combat money laundering practices and the financing of terrorist activities.

The regulations will require all crypto exchanges and e-wallet providers to monitor, collect, and store customers’ transactions data on their platform and to report any suspicious activity to the authorities.

Bitcoin volatility lowest since November 2018

#97
mlawson71 wrote:
Fri Jan 25, 2019 1:20 am
The Dutch central bank – the De Nederlandsche Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM) ave jointly proposed licensing requirements for all crypto exchanges operating on Dutch soil.

The proposal follows a request by the Dutch finance ministry, which asked AMF and DNB to develop steps to regulate the crypto market in an attempt to combat money laundering practices and the financing of terrorist activities.

The regulations will require all crypto exchanges and e-wallet providers to monitor, collect, and store customers’ transactions data on their platform and to report any suspicious activity to the authorities.
Sounds like they are getting serious with the transactions now. Which is good.

In regards to Bitcoin, volatility has been stagnant for some time now. It's a bit of a shame really as Bitcoin seems promising. Let's hope things get better.

Bitcoin Volatility Falls To Lowest Since Mid-November

bitcoin-volatility-low-min.jpg

A measure of bitcoin volatility reached a more-than two-month low today, offering the latest evidence of the digital currency's malaise.

The cryptocurrency's rolling 14-day volatility declined to a reading of 40, its lowest since mid-November, according to data provided by U.S. asset manager Blockforce Capital.

This compared to a reading of 100 at the start of 2019 and 85 four weeks ago, additional Blockforce Capital figures reveal.

The chart below provides a graphic representation of these changes in volatility:
bitcoin-volatility-chart.jpg

Bitcoin's Range-Bound Trading
Bitcoin prices have been trading within a relatively modest range lately, fluctuating primarily between $3,500 and $4,000 so far in 2019, according to CoinDesk price data.

This contrasts with times of sharp volatility, for example last year, when bitcoin climbed from less than $1,000 to almost $20,000, additional CoinDesk figures show.

"Bitcoin has been consolidating around $3500 since the sharp drop in November," observed Jon Pearlstone, publisher of the newsletter CryptoPatterns.

He emphasized that before suffering that decline, the digital currency held the $6,000 level for more than six months.

Some market observers prefer higher volatility, as more significant price fluctuations create greater opportunity for traders to earn a profit.

However, there is a flip side to this coin.

Critics have highlighted bitcoin's intense volatility, stating that its sharp price fluctuations make it less useful as a medium of exchange.

The cryptocurrency's recent malaise has thrown cold water on this argument by enabling its use as a medium of exchange.

Source: https://www.forbes.com/sites/cbovaird/2 ... b75316455e
Download over 500+ Forex & Trading books from Forex-Station's Trader's Library.

Bitcoin plunges as market dumps $7 billion

#98
Bitcoin plunges further down as market dumps $7 billion

  • The awoken bears send the market tumbling losing $7 billion in a few hours.
  • Bitcoin declines are unstoppable towards $3,400.

The cryptocurrency market is painted red at the time of writing. The declines began towards the end of the trading session yesterday. The stability shown last week appears to have been purged as the entire market dived south.

Bitcoin is leading the downward spiral following the sharp drop below the ranging channel support at $3,500. The largest crypto is still correcting lower with declines of 3% on Monday. Looking at the trading last week, we see that Bitcoin was stable between the channel with resistance at $3,600 and support at $3,500. However, it has kicked off the trading this week with a sharp dip that has tested $3,400.

The signals from the technical indicators like the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are still negative at press time. BTC/USD is exchanging hands at $3,415, besides there is an ongoing bearish momentum that could break below $3,400 in the short-term unless support is established.

After a week of stability, the awoken bears have sent the market to the rocks dumping at least $7 billion in just a few hours. The total market cap has thinned greatly to refresh the lows in 2019 at $114 billion.

BTC/USD 1-hour chart

JAN28-BTC-636842609885801282.png

Source: https://www.forexcrunch.com/bitcoin-plu ... 7-billion/
Download over 500+ Forex & Trading books from Forex-Station's Trader's Library.

Re: Bitcoin news

#99
Crypto currency investors with the New Zealand based crypto exchange Cryptopia has lost more than 16 million USD of crypto coins including more that 3,5 million worth of Ethereum coins after a hacker attack.

The hackers reportedly targeted 76 000 crypto wallets, after gaining access to the private keys of the wallets, kept by the exchange.

The attack is also unusual in that the funds were not stolen at once, but over five days in early January.

Cryptopia publicly admitted the attack on January 15th, saying it has suffered “significant loss” without commenting on any figures.

DislikeRe: Bitcoin news

#100
mlawson71 wrote:
Tue Jan 29, 2019 12:48 am
Crypto currency investors with the New Zealand based crypto exchange Cryptopia has lost more than 16 million USD of crypto coins including more that 3,5 million worth of Ethereum coins after a hacker attack.

The hackers reportedly targeted 76 000 crypto wallets, after gaining access to the private keys of the wallets, kept by the exchange.

The attack is also unusual in that the funds were not stolen at once, but over five days in early January.

Cryptopia publicly admitted the attack on January 15th, saying it has suffered “significant loss” without commenting on any figures.
this hacking stuffs is crazy......... seems like crypto is too unsafe :shock:
Contribution Inspector & GIF Animator at your service


  1. Similar Topics

    1. 0 Replies
      428 Views
    2. LUXULY HI-NEWS

      22 Replies 2943 Views

      by amdudus, Mon May 06, 2019 4:28 pm in Trader's Lounge

      22 Replies
      2943 Views

Return to “Forex Fundamentals & News”