Connect with us
  • Home
  • Start here
  • Bitcoin Charts & More
  • Submit PR
  • Advertisement
  • Contact

Bitcoin Scams

Crypto Firm IPO On London Stock Exchange Raises $32.5 Million



One crypto mining company just raised 25 million Euros (about $32.5 million USD) through an IPO on the London Stock Exchange (LSE). The UK-based Argo Mining (ticker:ARB) provides ‘accessible’ crypto mining via a subscription service and is the first company to be listed on the LSE.

Initially, the company raised 5 million GBP which is about $6.5 million – and more than its initial goal of 20 million GBP through the IPO. Argo kicked off on the exchange with around 156 million shares that accounted for 53.2% of its shared capital, as one company document states.

The shares were priced at 16 pence and gave the business a total market valuation of 47 million GBP – or $61.2 million US dollars.

As the executive chairman of Argo, Jonathan Bixby stated in the document:

“Argo’s admission to the London main market is a major step in the company’s development and will put us in a strong position to execute our long-term growth strategy. We are delighted with the strong response from investors which will enable us to grow our business in multiple jurisdictions.”

Bixby also told the Financial Times that Argo’s plans are to be “the Amazon Web Services of crypto”. As he said:

“More than 90 percent of crypto mining is done by elites on industrial scale because it is technically very difficult to do. It is incredibly expensive to buy, up front, the hardware you need at $5,000 a machine.”

Meanwhile, several other mining companies in the crypto space are also considering IPOs.

Share This With Your Friends

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at

Continue Reading

Bitcoin Scams

South Korea: Five Arrested In A New Crypto Mining Malware Case Involving 6,000+ PCs

A new case from South Korea is in the latest cryptocurrency news, this time for illicitly injecting crypto mining malware into more than 6,000 computers in the country. According to the report from the Korean National Police Agency Cyber Bureau, the group consisted of five hackers led by a 24-year old named Kim Amu-gae, all in total releasing 32,435 emails containing cryptocurrency mining malware that targeted desktop users in South Korea. Over a period of two months, the group managed to send messages containing malware to tens of thousands of job applicants, posing as employees in the company they applied for. According to the police report, the hackers obtained the email addresses of job applicants in large-scale conglomerates in the tech sector. The group is now suspected of sending emails that contained malware disguised in the form of documents and files that were sent to individuals who filed their applications on recruitment platforms. The individuals were misled by clicking on the attachments or downloading them believing that the documents were sent by companies, while their computers got compromised with a cryptocurrency mining malware in the background. The local police said:
“Because cyber security firms and anti-virus software operators responded quickly to the distribution of mining malware, the group of hackers were not able to generate a significant revenue from their operation. In most cases, anti-virus software detected the malware within three to seven days. If the malware was detected, the hackers sent new malware, but it was detected again by anti-virus software,”
Carried into over 6,000 actively used computers, the operation managed to only generate $1,000 in profit in total.    
Continue Reading

Bitcoin News

[UPDATED] Crypto Pioneer Charlie Shrem Fights Back The Accusations Of Stealing 5,000 Bitcoins

A few days ago in our crypto news, we posted the story of Charlie Shrem who is accused of stealing 5,000 bitcoins from the first bitcoin billionaires Cameron and Tyler Winklevoss. At that time, Shrem’s lawyer Brian Klein did not provide the public with an answer or a statement but just two days ago he responded that the 5,000 Bitcoins in question belong to a certain ‘’Mr.X’’ and therefore the lawsuit is nonsense. According to Klein, Shrem made no wrongdoing whatsoever and that this lawsuit is only an ‘’ambush money-grab’’ in order to damage Shrem financially. As DC Forecasts crypto news site reported, the Gemini founders had given Shrem more than $200,000 to help them invest in Bitcoin. They say that approximately $60,000 of those funds Shrem used to purchase BTC for himself that are now worth about $30 million. The twins pointed out the lavish lifestyle Shrem was living and noted that he had no money when he went to prison three years ago. Shrem was accused of selling cryptocurrency to people who intended to purchase drugs on the dark web marketplace. For this reason, the twins hired a private investigator that then discovered that a bitcoin wallet that received 5,000 BTC from an address associated with Shrem. Klein on the other hand, claims that these funds belong to Mr. X who asked help from Shrem in order to move his coins into cold storage. He then sent the funds to Shrem’s bitcoin address.
 “Nor can WCF prove Shrem engaged in any misconduct. He did not. Shrem can show by verifiable evidence that he did not take the 5,000 bitcoins WCF accuses him of taking and that they belonged to Mr. X. Shrem, therefore, did not breach any duty to WCF, even if one were found to exist.”
Both sides are going to meet in court tomorrow Nov. 8.
Continue Reading

Bitcoin Scams

Fake Elon Musk Twitter Accounts Promote Bitcoin Scams, One Got Away With $170k

In the latest crypto news that surround our Bitcoin Scams section, we have new malicious attempts by Twitter users who are reportedly creating verified Twitter accounts that have been hacked to impersonate Elon Musk. After compromising the accounts, the scammers change the profile names and picture in order to pose as Elon Musk, and start posting tweets that say the Tesla CEO was conducting "the biggest" crypto giveaway in the world for those who use "Bitcoic" (read Bitcoin) and provided a link to participate in the giveaway. One of the verified (hacked) accounts even managed to get away with $170,000 by people who believed the crypto scam and posed as the Tesla CEO. In order to skirt the security measures, the scammers changed one of the characters in the name while maintaining a display name that appeared to be "Elon Musk" at a glance, precluding Twitter from flagging the amount. Elon Musk is not the first individual in the crypto and tech space that has been impersonated. The CEO of Telegram, Pavel Durov, earlier this year tweeted a warning in which he told his followers that the messaging app was expeiencing downtime due to the server clusters overheating - offering crypto to users as a "thank you" for [their] support.
Continue Reading

Bitcoin Scams

Scandal In Bulgaria: Officials Arrested For Selling Passports In Exchange For Bitcoin

A huge scandal emerged in Bulgaria when authorities arrested three government officials for selling passports in exchange for bitcoin, therefore we read more of that story in today’s crypto news. The officials were selling passports to foreigners mostly people from Ukraine, Macedonia, Moldova and other countries in Eastern Europe in exchange for bitcoin. The passports were authorized by Bulgarian officials, more precisely Bulgarian State Agency for Bulgarian Matters Abroad Peter Haralampiev, General Secretary Krasimir Tomov and another member of the agency Mark Stoyov. The Chief Prosecutor Ivan Geshev stated:
 “Peter Haralampiev, Krasimir Tomov, and Mark Stoyov have been arrested for fraud with the issuance of Bulgarian passports to Ukrainian, Moldovan and Macedonian citizens.”
The lawyers of the accused officials denied that their clients had anything to do with this fraud but the Prosecutor General, however, demands that the lawyers must provide evidence in order to prove that isn’t the case. The lawyers on the other hand, still haven’t provided the court with reliable evidence. Some people even expected a resignation from the Vice Prime Minister of Bulgaria Valeri Simeonov because of the level of corruption in the agency but he clearly noted that he doesn’t have such intentions. Despite the government officials involved in such criminal activities, 20 other people were detained in Bulgaria for selling passports to citizens in Ukraine, Moldova, and Macedonia while receiving more than $5,000 for a single document. Since Bulgaria is a member of the European Union, the passport allows people to live, travel and work easily in any other EU country without any restrictions unlike the citizens from the above-mentioned countries.
Continue Reading


For Updates & Exclusive Offers
enter your email below


Join us on Facebook

Recent Posts



03dec(dec 3)8:00 am04(dec 4)6:00 pmDigital Currency Con8:00 am - 6:00 pm (4) Sheraton New Orleans Hotel, 500 Canal Street, New Orleans, Louisiana 70130 USA

wed05dec9:30 am5:30 pmDigital Asset Investment ForumExploring the Emerging Asset Class​.9:30 am - 5:30 pm The St. Regis Washington, D.C, 923 16th and K Streets, N.W., Washington, District Of Columbia 20006 USA

06dec(dec 6)8:00 am07(dec 7)4:00 pmCryptocurrency World Expo London Summit8:00 am - 4:00 pm (7) CINEWORLD CINEMA - GREENWICH, The O2, Peninsula Square, London SE10 0DX

thu06dec10:00 am6:00 pmBlockchain Conference Philippines10:00 am - 6:00 pm HOLIDAY INN HOTEL & SUITES MAKATI, Glorietta Mall, Palm Drive, Ayala Center, Makati, 1224 Metro Manila, Philippines

tue11dec8:00 am6:00 pmAtlanta Blockchain ExperienceA Unique, Kick-Off Event Focused on Blockchain Adoption, Use Cases, and Building Your Network!8:00 am - 6:00 pm The Monday Night Brewing GARAGE, Atlanta, GA


Trending Worldwide