Category: cryptocoin

PayPal Plans Launch of Its US Dollar Backed Cryptocurrency

January 10, 2022
Business & EconomyCompaniescryptocoincryptocurrencyeconomyMarketsPayPalTechTech NewsUS
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PayPal confirmed on Jan. 7 that it is preparing to launch its own stablecoin cryptocurrency backed by the U.S. dollar, after signs of the move were found on its iPhone app. Developer Steve Moser of The Tape Drive discovered evidence in the PayPal app of an experimental cryptocurrency called “PayPal Coin,” which he shared with Bloomberg….

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Cryptocurrency Scam Affects Hundreds of Small Investors

April 27, 2021
BusinessCrime and Incidentscryptocoincryptocurrenciescryptocurrency fraudsCryptocurrency ScamsElon MuskelonfarmsInvestmentMarketsUS
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This past weekend was tough for some cryptocurrency enthusiasts who not only lost the money they approved on a presale transaction, but they also lost all the money in their Trust Wallet through a deception that gave the scammers access to their entire wallet. The victims invested in efarms, a new cryptocurrency launched by elonfarms,…

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Alleged Cryptocurrency Scam Affects Hundreds of Small Investors

April 27, 2021
BusinessCrime and Incidentscryptocoincryptocurrenciescryptocurrency fraudsCryptocurrency ScamsElon MuskelonfarmsInvestmentMarketsUS
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Cryptocurrency enthusiasts not only lost money they had approved for a presale transaction, but also lost all the money in their Trust Wallet over this past weekend, through a deception that gave scammers access to their entire wallet, according to people who claimed to have been affected. The victims, who may number in the hundreds, invested…

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