A new cryptocurrency scam in India is targeting wealthy individuals using a fake mobile app.
According to India TV News, cybercriminals are targeting high income individuals across India. Victims receive messages through social media groups asking them to sell and buy Bitcoin through a mobile app.
This app, which supposedly acts as a crypto exchange, is actually entirely fraudulent. Once a user’s Bitcoin is deposited on the fake exchange, the scammers stop responding to queries from the victim and disappear.
Manan Shah, founder and CEO of Avalance Global Solutions, said that an unidentified man lost over $50,000 while dealing with one of the fake platforms. One of the most significant cases involved another unnamed Indian businessman who was scammed out of the USD equivalent of $3 million.
Sumit Gupta, co-founder and CEO of local crypto exchange CoinDCX, believes that more fraudulent crypto services will appear as Blockchain-based assets continue to grow in popularity throughout India.
Cointelegraph previously reported that Indian police have registered a case against five individuals suspected of involvement in a cryptocurrency scam that has defrauded investors since 2017.
Despite operating for several years, the scammers are only believed to have made off with a modest bounty of $34,200.
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Brazilian Fund Manager to Launch World’s First Crypto ETF with Nasdaq
Regulated Brazilian fund manager Hashdex has reportedly partnered with Nasdaq to launch the world’s first cryptocurrency exchange-traded fund (ETF) on the Bermuda Stock Exchange (BSX). According to a report published by local news outlet Infomoney, Hashdex has already obtained approval to launch the ETF, dubbed the Hashdex Nasdaq Crypto Index ETF. The ETF was developed […]
Regulated Brazilian fund manager Hashdex has reportedly partnered with Nasdaq to launch the world’s first cryptocurrency exchange-traded fund (ETF) on the Bermuda Stock Exchange (BSX).
According to a report published by local news outlet Infomoney, Hashdex has already obtained approval to launch the ETF, dubbed the Hashdex Nasdaq Crypto Index ETF. The ETF was developed in a partnership with Nasdaq, and is set to be listed on the BSX to take advantage of the region’s pro-crypto regulations. The BSX has confirmed it will be listing the Hashdex Nasdaq Crypto Index ETF.
An exchange-traded fund (ETF) is a security that involves a collection of other securities tracks and often tracks an underlying index, and while not a lot of details on the crypto ETF have been release, it’s said to track a crypto index developed by Nasdaq and Hashdex to “represent an institutional investment scenario in cryptocurrencies,” Infomoney writes.
The ETF’s methodology and other information related to the product are set to be released by Nasdaq at launch, according to Hashdex. Marcelo Sampaio, CEO of the Brazilian fund manager, said that Nasdaq being a part of the project confirms cryptoassets are earning investors’ interest and confidence. Sampaio added (roughly translated):
This process is also expected to accelerate the entry of institutional investors in this segment. It is a trend that is increasingly becoming concrete.
Notably, various organizations have tried, in varying ways, to list a Bitcoin ETF on major stock exchanges, but all of these attempts have been rejected by the U.S. Securities and Exchange Commission (SEC).
Earlier this year, in a dissenting statement, Commissioner Hester Peirce – a proponent of cryptocurrency-related products – revealed she disapproved of the rejection, and that it leads her to conclude the agency is “unwilling to approve” the listing of products that would “provide access to the market for Bitcoin.”
Commissioner Hester Peirce added that “no filing will meet the ever-shifting standards that this Commission insists on applying to Bitcoin-related products—and only to Bitcoin-related products.”
Featured image via Unsplash.
Remitano Launches Mission, a New Online Job Market for Crypto Lovers
Remitano, a global P2P crypto exchange, has just launched a new online job market—Mission. It is the latest element in its push to realize its full potential and open a new window of employment opportunities to crypto users.
Missions are simple, short-term tasks that anyone can do and get paid for. For example, “Share a Remitano post on Facebook.” The new online job market will provide a range of “easy and quick apply” jobs (mission) for crypto lovers wishing to have additional earnings. This way, applicants can skate through the application process and land jobs fast.
As of the August 2020 announcement, Remitano already released a set of guidelines for users looking to take advantage of the offerings. The guide includes:
- Highlights of the missions
- Steps to apply
- Application requirements
Complete a Mission and Get Instant Crypto
While the internet has become the most vital channel for personal recruiting, and people consider different aspects of a job to be fulfilling, some common elements include work-life balance, growth, and a strong work community. Remitano’s newest mission is geared towards promoting similar values and keeping like–minds meaningfully engaged with the crypto community.
Furthermore, Remitano is thrilled to collaborate with greenhorns interested in building along with it. Hence, if you’re new to cryptocurrency trading and wish to maximize your earnings or want a legitimate way to get instant crypto without purchasing it, you can create a free Remitano account and join the mission the next job on hand.
Why You Might Want to Join Remitano’s Mission
- A side job: If you’re looking to expand your income or even monetize your free time, missions are ready for the taking. You will be poised to earn extra cash by helping to present Remitano’s ideas across the internet.
- More remote flexibility: With more people working from home, having a practical and comfortable working space is more important than ever. Remitano encourages this by providing digitized work environments for its employees’ remote adaptability.
- Unlimited geography: Missions are for everyone, no matter where they are. Job seekers can access available online jobs from anywhere and apply for roles they fit into.
- Streamlined application: Applicants only need to prep and submit requisites and certificates, allowing you to walkover face-to-face interviews.
- Instant credit of cryptocurrency: Once a mission is completed, successful candidates will receive instant crypto remuneration to their Remitano wallets.
Remitano is a product of Babylons Solutions Limited based in Seychelles. As a fast-moving marketplace, Remitano’s purpose is to offer a robust, quality trading experience to all users. With necessary safety standards, buyers and sellers can come together, store, trade, and retrieve assets, thus minimizing challenges common to crypto exchanges.
Launched in 2014, Remitano is a global cryptocurrency exchange serving international markets, such as Malaysia, China, Nigeria, Vietnam, Australia, Cambodia, and Indonesia.
Reach out to Remitano via:
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