Annie Lecompte, Professeure - Certification, Universite du Quebec a Montreal (UQAM)
In 2017, thousands of investors in over 175 countries found themselves with empty pockets after having invested nearly $4 billion in a cryptocurrency called “OneCoin”. The mastermind behind the project, Ruja Ignatova, vanished with what is believed to be the entire amount missing.
This news item struck a nerve in the cryptocurrency world. The BBC even devoted a podcast to it. And while this case was one of large-scale fraud, the fact remains that fraudulent schemes are frequent in the world of crypto-assets, which includes cryptocurrencies (such as Bitcoin) and non-fungible tokens (NFTs). Possession of these tokens grants investors rights that can take different forms (either access to a good — like a work of art — a service or something similar to owning a stock).
An alarming amount of fraud
A 2018 report from a crypto-asset firm estimates that nearly 80 per cent of all initial coin offerings (ICOs)...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...