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In the crypto world it is very easy to be the victim of a scammer when we are newbie, but all is not lost, since we are people of common sense and even when we are apprentices in this new system, it is always good to apply the basic rules that are described below. If you comply fully with them, you will be less likely to be scammed when you start in the crypto world Educate yourself You should always start at the beginning. If you want to enter the world of cryptocurrencies, it is vital to educate yourself first about it: read what a cryptocurrency is, what is bitcoin, how it works. How you can get it, what wallets are available, how you can trade it and spend it. Also, always do it from pages that do not request any kind of investment: the Internet is free. Your education, beyond the connection costs, should be free, unless you want to access a more specialized course from a university. The more you know, the less they can fool you. Research It does not matter what the project is: if you are going to invest in it, you must know even the smallest detail, from its operation to its administrators. If you have a White Paper, don't skip reading it. When a White Paper is just a copy of any other, it is most likely that the project is a scam or simply has no future. Now if it's a service, look into that too. Look for reviews, complaints or recommendations. Also, stay up-to-date with the news on the matter: many exchange houses on the verge of bankruptcy after a massive hack choose to keep their users' funds, for example. Don't believe everything you read Even if it looks legit, leave room for doubt and pay attention to detail. In the case of phishing, the spelling is often wrong, apart from the URL. If they guarantee you astronomical profits in a very short time, you can be sure that they are lying. The crypto market is volatile and nothing is guaranteed. If you read very positive news, do not believe it until you find the original source and check if it is reliable or not. Social networks are not usually. Check the official pages of the companies or organizations involved. Keep your private keys out of sight The private keys of your wallets should not be in digital, and even less should they be shown to anyone who requests to see them for any reason. Legitimate exchange and wallet services will never ask for this information. If you have any problem, the support team will guide you without the need to request any funds and any data beyond the problem you are presenting. Don't leave funds online At least not for long. If you are going to trade cryptocurrencies in an exchange house or deposit in a market, make sure you do it only when necessary and do not leave any remnants there. These platforms are not wallets: your funds may be at risk there, either from a hack or from an eventual exit scam. Only use trusted people and companies As we have already mentioned, there are a variety of scammers disguised as exchange houses, wallets, traders or other services. That's why it's important to only go to those who have extensively proven legitimate during their time on the market. In the case of people you do not know, when transferring funds, trust them only if they are backed by a reputation system, such as the one you can find in LocalBitcoins. Use common sense If something looks too good to be true, it is too good to be true. Key phrases to identify scams "100% guaranteed", "100% real", "daily earnings", "No scam", "The new Bitcoin", "blockchain will make you a millionaire", "technology that nobody knows", "1000 free coins for joining "," minimum investment "," earn cryptocurrencies easily "," I am giving cryptocurrencies "," multiply your bitcoins "," risk free "or" win without investment ".

The SEC (Securities and Exchange Commission) takes John McAfee to court for promoting various ICOs. The cybersecurity millionaire and former presidential candidate receives new additions to his legal woes, when the SEC filed a lawsuit against him for allegedly promoting initial coin offerings (ICOs) without revealing that the ICO issuers were paying him, violating United States securities law. From at least November 2017 to February 2018, McAfee leveraged his fame to earn more than $ 23.1 million US dollars ('USD') in undisclosed compensation by recommending at least seven 'initial coin offerings' (ICOs) to his Twitter followers. The SEC names seven unidentified ICO issuers who privately contacted the McAfee team to publicly endorse their ICOs in exchange for payment in those currencies and in Bitcoin. This is illegal and previously caused the commission to go after celebrities like DJ Khaled and Floyd Mayweather, who also promoted ICOs without disclosing their financial interests. The SEC complaint refers to a famous moment in McAfee's long history of wild predictions about the price of Bitcoin. In the end he retracted those predictions and claimed that he had only been trying to attract public interest in BTC. In short, even celebrities can be involved in the world of cryptocurrencies, either for better or for worse, which indicates that money (real or virtual) can create strange feelings in people. I'll see you in my next post

I recommend, delete and block this email user. He/She is a Scammer

Phishing consists of the impersonation of an authority, company or even someone, in order to trick the victim into revealing their confidential information. In this way, the attacker can access your accounts or wallets and steal the funds. We can distinguish several types of phishing used in the crypto world: Cloned sites This is the most common type. Here the scammers prepare a website identical to the legitimate one, which can be from an exchange house or online wallet to the official page of an Initial Coin Offering (ICO), and spread it through different means, including email, chats and even Google ads that can be mistaken for the original page in search results. It is not unusual that, in the case of email and chats, the link to the fraudulent site is accompanied by some false story about the company requiring the user to log into their account. Thus, when the victim enters their credentials to enter the supposed site, what they are actually doing is giving them to the attacker. The most effective way to avoid this scam is to look closely at the URL of each page where we have funds before entering any credentials. In phishing, the URL always changes in some character, since the domain (name) of the company or project is already taken and it is not possible that there are two exactly alike. In this sense, once we identify the real page, we should save it in Favorites and enter there, instead of using the search results. This was the case with MyEtherWallet last year, while this year among the cloned sites are the popular Blockchain.info domain and the Token Bee ICO, where cybercriminals managed to steal up to $ 700,000. Fake support teams Sometimes scammers save themselves the trouble of creating the fake site by simply posing as the support team of some legitimate platform, including exchanges and wallets. In this way, the only thing they imitate are the logos and the email address of the company within the message they send to their victims to announce any alleged inconvenience and request their private information with the false purpose of helping them. As the FBI's Internet Crime Complaint Center explains: "The fraudulent support requests access to the victim's virtual wallet and transfers the victim's virtual currency to another wallet for a temporary hold during maintenance. The virtual currency it is never returned to the victim, and the criminal ceases all communication. Criminals who have access to the victim's electronic device use the victim's personal information and credit card to purchase and transfer virtual money to an account controlled by the criminal ". It is important to remember in these cases that both traditional financial companies and cryptocurrency platforms never ask for your credentials, under any circumstances. Simply because they already have them. Phone scams or vishing (voice phishing) In this case, the scammers do not contact you directly, but rather your phone company. After finding out your phone number and even your identification number and address thanks to a stolen invoice or because you simply published that information at some point, the attacker contacts the company to transfer your line to a new SIM card under his control. Since the security of several telephone companies is usually quite weak in these cases, the operator will ask the attacker very little information to confirm his identity. If successful, the criminal will be able to reset all the passwords of the legitimate user using two-step authentication, that is, the code that reaches the phone and that usually serves as an extra layer of security. In this way, online wallets could be emptied in a matter of minutes, long before the rightful owner can do anything. This happened to Cody Brown, who had to see his 8 thousand dollars in cryptocurrencies disappear in fifteen minutes. A similar case was that of Jered Kenna, who lost up to $ 40,000 for each day that he failed to resolve the problem with the phone company. A similar scenario It may also happen that the phone scam targets you. In this way, someone could contact you posing as a company, tell you a false story and not only ask for your credentials, but also urge you to deposit funds in a portfolio. This is what happened to an elderly woman in Canada: a scammer contacted her by phone, assuring her that she was a member of the local police and that she owed a large sum in taxes, so she had to go to bitcoin ATMs to solve them . Before the fraud was discovered, the woman deposited 17 thousand dollars See you in my next post

Hello, today I like to share this important information about Fake ICOs. Initial Coin Offerings (ICOs) quickly became the preferred method of financing for many of the startups in the crypto world. With them, a project can raise funds by creating a new token ready to be sold at the market price, the value of which will be backed in the future with the value of the project in question, when it is launched. The problem arises that literally anyone can launch an ICO, as there is hardly any requirement. This gives the opportunity for many scammers to set up fraudulent ICOs, backed by projects that, in reality, they never plan to complete, since their intention is only to escape with as much funds as possible. The ingredients of a fake ICO are often excessive publicity, a vaguely described project, ads too good to be true, and anonymous or unreal administrators (they tend to put famous people as part of the project when it is not true). It is worth noting, in addition, that there are also parodic ICOs, such as the Useless Token (Useless Token), where the same administrators warn that no return should be expected and all investment will be lost. In this case, it cannot be considered a scam, as parodic ICOs do not usually hide their nature. Examples of these events are Confido, with losses of 370 thousand dollars for the buyers of the token; Centra Tech, which even featured advertising for Floyd Mayweather and raised more than $ 32 million in its ICO; and what is perhaps the biggest scam in the history of cryptocurrencies: Modern Tech, an alleged company that, through the ICOs of the supposed iFan and Pincoin tokens, managed to steal up to 600 million dollars. Take care with Fake ICOs. cheers

The petro (symbol: ₽; abbreviation: PTR) is a Venezuelan token based on blockchain technology and, according to laws approved by the Venezuelan government in that sense, backed by the reserves of various natural resources of the country such as oil , gold, diamonds and gas. The government claims that each petro would be backed by a barrel of oil from the Venezuelan crude basket. The virtual currency has been the subject of criticism, some of which argue that the petro is not a cryptocurrency because it is not decentralized, and websites like ICOindex they have described the petro as a scam. In August 2018, five zeros were eliminated from the currency and the value of the petro was about 4.3 million BsF. By January 27, 2020, a petro was worth 4.4 million BsS, an approximate equivalent of 60 US dollars, which is worth a barrel of oil for the beginning of 2020. Currently, a petro is worth around 24 million BsS. According to the statements of the Venezuelan economist Jesús Casique, the petro is not a cryptocurrency because it lacks support. Oil cannot be the basis of virtual currency because there is no legal instrument to guarantee it, he also said, which violates the Hydrocarbons Law. Why is the Petro not a cryptocurrency? PETRO is defined as a crypto-asset exchangeable for other goods and services and for fiat money in national and international crypto-asset exchange houses, backed by barrels of Venezuelan oil. Each PETRO unit would be backed by one (1) purchase-sale contract for a barrel of the oil basket or any other commodity it decides. The essence of cryptocurrencies is that they do not have support in physical assets, since the trust of economic agents in them derives from the robustness and transparency that the technology that supports them allows. In other words, the cryptocurrency derives its success from its performance in the market, from free competition, which in the game of supply and demand allows its price to emerge. The support of these virtual currencies is in three very important elements, totally contradictory to the intentions of the current Venezuelan government: 1. They do not depend on a monetary authority that carries out the issuance. The issuance is decentralized in private agents, the fact that it is carried out by a government, contradicts the democratic essence of cryptocurrencies. 2. Cryptocurrencies are booming because they generate fast and low-cost transactions, and Venezuela is currently one of the countries in the region with the slowest Internet and the weakest electricity service, which could cause the already deteriorated telecommunications system to collapse from the country 3. Cryptocurrencies such as Bitcoin are successful because their issuance is limited, which encourages their accumulation, since their relative scarcity accumulates value. The rule for the issuance of Bitcoins is public and is not at the discretion of any government, which would not happen with PETRO, which would be a centralized currency.