The world seems to have gone ‘crypto-mad’. Digital currencies like bitcoin, Monero, Ethereum, and even Dogecoin, are all over the internet. Their soaring value promises big wins for investors . And the ‘fortunes’ to be made by mining for virtual money have echoes of gold rushes that formed the first mining towns in South Africa back in the 1800s. Or at least, that’s what many, including a long list of scammers, will have you believe.
The good news is that normal rules of fraud prevention apply too. Everything you read online should be carefully scrutinized and fact-checked. Don’t believe the hype, or buy into something that seems too good to be true, and you’ll stand a great chance of staying safe.Fraudsters are masters at using current events and buzzy trends to trick their victims. And they don’t come much more “zeitgeist-y” than cryptocurrency.
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Source: ITNewsAfrica - 🏆 27. / 59 Read more »