The former Prime Minister of New Zealand John Key found himself wrapped up in a cryptocurrency scam unknowingly after Bitcoin fraudsters used his image promoting the scam. Let’s find out more about the story in the following bitcoin news.
According to a report, the scam ad was designed for a company known in the public as Crypto Revolt. The scammers used images not only from the former Prime Minister but also from popular TV presenter Hayley Holt and the current Prime Minister Jacinda Arden.
The scam was reported in September 2018 after a false report was issued where Hayley Holt and Jack Tame are supposedly making profits from the fraudulent services. In the article, the story said that the TV presenter increased her initial funds to $483 in just less than three minutes. Hold denied the allegations.
As 2018 was coming to an end, the country got a huge alert after reports came out in the public for a bomb threat where criminals threatened to detonate a device if the demand for a Bitcoin ransom wasn’t met.
New Zealand was hit by multiple crypto-related scams since 2017 and the police force had to warn the public to be aware of the scams and encouraging the potential crypto investors to seek counsel before investing in suspicious bitcoin platforms.
The number of Bitcoin scams increased in 2018 and because of this, Netsafe-a non-profit safety organization for online related issues said:
‘’We advise not to put any money into scheme unless you’ve done it through a registered broker or read the FMA advice regarding investments.’’
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"We believe this thesis still remains intact which could mean seeing a break of the lows in the coming weeks. A 25% selloff in BTC from the current lows of $3,200 would be to roughly $2,400."He also shared that the next sell-off could be just what the crypto market needs in order to finally break the backs of the bears and reach a new bull momentum in 2019.
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“Bitcoin is now accessible at your local grocery store via Coinstar kiosks, and this offering will make it even easier for consumers to participate in this dynamic new economy.”Coinstar, on the other hand, offers coin-to-cash conversion in their kiosks in multiple countries around the world but it still remains unknown whether the Bitcoin feature will expand just as quickly as it did in the US. Coinstar’s CEO Jim Gaherty noted: Coinstar offers coin-to-cash conversion kiosks in various countries throughout the world. It remains unknown whether the Bitcoin feature will expand beyond the U.S., while the company did not provide figures on how many machines will offer it.
“Coinstar is always looking for new ways to offer value to our consumers when they visit our kiosks.’’According to CoinATMRadar industry monitoring resource, there are more than 4187 Bitcoin ATMs worldwide and more than 60 percent or 2516 are in the United States. The market has grown plenty over the years and many operators are trying to get control of what they think to become a fairly popular trend for crypto usage.
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