The most common scheme is when fraudsters, based on penny stock purchases, try to boost prices by sharing “positive” information that turns out to be fake. They create fake news about companies that have allegedly found a cure for COVID-19, trying to “capitalize on fear”.
The channel contains the only one video with “the airdrop” offer. Conmen asked users to send them from 2,000 XRP to 500,000 XRP, so they would receive a reward from 20,000 XRP to 5,000,000 XRP. Scammers even offered a bonus of up to 100% to all participants.
Despite being an obvious scam, the video reached 85,000 views and brought about 277,000 subscribers to scammers.
“During the 2008 financial crisis, gold fell about 25% and took 7 months to make a new high. This time gold only fell about 15%, and may make a new high in under a month. This shows how much greater this financial crisis is, and how much more reckless current Fed policy is,” he predicted.
Such criticism of bitcoin can have the opposite effect, causing even more interest in cryptocurrency. Binance CEO Changpeng Zhao believes that Peter Schiff’s illogical statements are promoting cryptocurrencies, as people do the exact opposite of his calls.
“The Binance widget on Brave’s privacy-oriented browser instills a safer way to buy and sell crypto and also reduces user friction to onboard, trade and interact with the Binance ecosystem,” said Changpeng Zhao, the CEO of Binance.
As a reminder, in July last year, Brave introduced a button that allows users on Reddit to tip each other with the basic attention token (BAT), made popular on the Brave browser itself.