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Michael carroll this morning bitcoin traderBeware this ‘celebrity’ bitcoin scam – Which? News
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Most Read Most Recent. Coronation Street While some family connections are public knowledge, others have been kept far more secretive. Let's take a look inside Beauty It's sale time! Top Stories. Georgia Harrison Georgia Harrison told her followers that she's in hospital while in Dubai. Reassured, you carry on investing. There were 1, cases of cryptocurrency investment frauds reported in the first six months of alone.
In the same period, there were reports of investment fraud where celebrity endorsement was specifically cited by the victim as an enabler of the scam. Bitcoin is a cryptocurrency — a form of digital money which can be bought with other currencies, traded for them and where retailers accept it used to buy goods and services.
Cryptocurrencies such as bitcoin run on a technology called blockchain — essentially a huge online database of transactions. Bitcoin is far from the only cryptocurrency to be targeted by scammers.
Unlike bitcoin, which has achieved some respectability and is accepted by some retailers, there is no guarantee that investors will be able to spend these newly established cryptocurrencies anywhere. All the traditional investment advice applies. Novice investors should consider traditional investments first and aim to build wealth gradually through a diversified portfolio.
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