Tag: crypto scams

How to identify and avoid crypto rug pull scams

A crypto rug pull scam is a fraudulent scheme in which a cryptocurrency project team raises funds from investors and then disappears with...

The time is ripe to fast-track crypto regulation in Africa

Crypto investors in Africa currently have minimal or no protection in the market, as there are no clear-cut regulations for protecting assets. Most of the trading happening in the crypto space is not regulated, creating a considerable gap. The lack of regulation means investor protection on crypto exchange platforms remains much weaker compared to the securities or futures market.

Crypto scammers evolving with the new year

In 2017 billions of dollars were poured into blockchain networks tanks to Initial Coin Offerings. By the time 2020 rolled in and...

Blockchain Security: Lessons learnt in 2022, expectations for 2023

Smart contracts are the first line of defence for any blockchain network and Web3 Ronin Network hack is the most damaging crypto hack...

SEC warns crypto traders and investors of looming honey trap

The SEC has foreshadowed an inevitable negative turn of events Bitcoin's value has steadily declined. Unfortunately, its price significantly affects the overall crypto...

Sam Bankman-Fried, former Billionaire and FTX boss arrested

On December 12, 2022, Sam BankMan Fried or SMF, woke up to a rude awakening as the Royal Bahamas Police Force entered his...

Phishing Attack and how it plagues blockchain security

Phishing attacks predate the Web3, and Web2 eras. Experts believe that the attack's first accurate documentation occurred in the mid-90s In November 2021,...

South Africa suffers another crypto scam: The Obelisk Whatsapp scam

One of Africa's few biggest crypto scams originates from South Africa. Crypto in South Africa had grown so much that it became easier...

Multiparty computation is key in the advancement of Web3

MPC is a kind of super authentication in that a user will authenticate to a network using several factors (e.g., biometrics, identity, password, etc.) without any nodes in the network understanding what they are verifying since authentication computation is part of MPC. This authentication will have identity management, healthcare, finance, government services, defence, and law enforcement applications. MPC facilitates system interoperability while simultaneously protecting people’s rights and providing them with control and visibility over their data and how it is utilised. MPC stands for the future.

South Africa experiences a roll of crypto scams targeting young minds

South Africa ranks eighth worldwide in crypto ownership 7% of its total population have crypto investments from different exchange platforms, with 43% of...

Common cryptocurrency scams to look out for in 2022

Cryptocurrency is the future of money. It brings many benefits such as decentralisation, immutability, extreme divisibility and those lovely open ledgers running on blockchain technology.

Cryptocurrency innovation: airdrops and crypto projects

Crypto airdrops were popular during the 2017 initial coin offering ICO boom, and many crypto firms continue to employ them as a marketing tool today.