Polkadot Encourages Community to Fight Scams for Bounty, Details Here

Polkadot Encourages Community to Fight Scams for Bounty, Details Here

ByNews Polite

The Polkadot protocol is bidding on its own community members to keep the network away from scammers and bugs. Polkadot has announced its plans of launching a community-driven anti-scam initiative. The aim is to give its community members a say in the governance of the protocol, while also rewarding them…

Australia’s Crypto-Based Money Laundering, Offshoring to be Tackled by New Law Unit

Australia’s Crypto-Based Money Laundering, Offshoring to be Tackled by New Law Unit

ByNews Polite

Cryptocurrencies have often come into the limelight for becoming a tool for criminals who wish to engage in financial frauds. In Australia, the federal police have formed a new unit whose one-track job would be to sniff out illicit money transfers happening through crypto assets. The new unit is being…

Romance Crypto Scams Mooched Off Over 5 Million from Love-Seeking Americans in One Year: Report

Romance Crypto Scams Mooched Off Over $185 Million from Love-Seeking Americans in One Year: Report

ByNews Polite

Crypto holders in America have caught the eye of cryptocurrency scammers big time. Mooching crypto assets off unsuspecting investors under the pretence of love and romance has emerged among the most common methods of scamming people in the US. This result was found in an analysis conducted by transparency advocate…