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Latest scam alerts in the cryptocurrency and blockchain industry

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Read all the latest crypto news curated from the best local news sources globally. We provide up-to-date crypto news items so you can make the best investment choices.

Uniswap

Coinfomania

Abigail Michelle

Michelle Abigail is an optimist who believes nothing is impossible even if it means treading on a foreign path. This disposition has moved her to join the crypto world with the hope of contributing her bit to the ecosystem.

Crypto traders using UniSwap are at risk of losing their funds to a fake UniSwap website that is being displayed as an ad on Google search, according to new findings today.  The fake site which was designed to phish seed phrases of victims by mirroring the real Uniswap decentralized exchange was first spotted by BitBoy, ... Read more

People Are Losing $$$ to a Fake UniSwap Google Ad Phishing Seedphrases

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Lele Jima

Lele Jima is a writer by heart and a crypto enthusiast. He has been a writer for over two years.  So far, he has written on topics that cut across various industries ranging from fintech to ICT.  He hopes his words bring the desired change we crave for, which is to make the world a better place.  His pen is his might, and the sky, his starting point.

The Crypto 300 club claims to give investors the perfect ROI, however its promises reveal a hidden facade. Read our Crypto300 club review

Crypto 300 Club Review: Scam or Legit? Here's What We Found Out

Crypto 300 Club Review: Scam or Legit? Here&#8217;s What We Found Out

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WilfredMichael

Crypto Exchange News

Bitcoin is the first decentralized digital asset, unveiled by a mystery man “Satoshi Nakamoto” in the year 2008. But the use of Bitcoin as a digital currency in the crypto market began in the year 2009, which aims to provide decentralized monetization, secure and transparent transactions without any intermediaries like banks and  government. How Does Bitcoin Work? Bitcoin aims to operate without any influence of third-party financial systems or government authorities. Hence, this network uses an open-source program that chains transaction histories to prevent online data theft.   Bitcoin and Other Cryptocurrencies  Not every crypto project is the same. Each project has a unique identity, functionalities, and more. Likewise, Bitcoin, the king of the crypto world, differs from other cryptocurrencies in many different ways. From core features, origin, economic principles, and dominance in the marketplace Bitcoin has many unique potential features. As a result, Bitcoin remains at the center stage. Technology Behind Bitcoin The sole success of Bitcoin is its innovative protocol, enabling secure and transparent transactions.   Role of blockchain The blockchain is a distributed public ledger where every transaction history of Bitcoin will be stored. If a trader initiates a transaction, it will be signed with a secure digital signature and broadcast as a message to the miners network. Crypto miners listen to the broadcast message, process computational work, and bundle the messages into a block. When a miner constructs these blocks, it broadcasts back to the mainstreaming network, where Bitcoin nodes verify its validity. Once verified, the blocks will be added to the blockchain and become part of an immutable ledger shared across the finance world. This makes Bitcoin a peer-to-peer system.  Is Bitcoin a Good Investment? Beyond learning about Bitcoin&#8217;s basics, investors should consider the risks involved with investing in it. Because Bitcoin is the most risky investment with high volatility in the marketplace. So, if you are ready to accept a high-risk tolerance and afford to lose some or all of your investment, you can go with Bitcoin&#8217;s BTC. But we suggest the investors to always keep a diversified portfolio to reduce overall risk exposure associated with Bitcoin investment.  Bitcoin Investment Strategies Investing in top dominants like Bitcoin, involves certain hurdles. Hence, investors should follow the core principles as investment strategies to make an informed decision. Never invest more when you cannot afford the loss. Research and find the fundamental capabilities Use Safe Storage Understand the technology in depth Pay attention to crypto regulations  Research and analyse market trends using technical indicators like MACD and RSI on the daily chart.  Stay updated with the latest market trends and crypto news Legal and Regulatory Consideration 2025 On March 02, 2025, US President Donald Trump announced &#8220;US Crypto Strategic Reserve,&#8221; which integrates top cryptocurrencies like Bitcoin, Ethereum, and more. Following his announcement, in the last 24 hours Bitcoin price reclaimed 10%, reaching a high of $94939.23. Besides, it paves a way to contribute a $300 billion rally in the global market. How to Buy and Trade Bitcoin? Investing in Bitcoin seems complicated, but with the right investment strategies and techniques, you can win over it. But how do we buy or trade Bitcoin? Here we go. How to Buy Bitcoin? The best way to purchase Bitcoin rather than mining is by creating a reputable account on the regulated crypto exchange, fund it, and make a purchase. There are four ways to buy Bitcoin Bitcoin.com wallet app Bitcoin.com website Centralized exchanges like Gemini Payment processors like Paypal Other alternative ways are Bitcoin ATMs, P2P exchanges, and Mainstream Brokerages.  How to Trade Bitcoin?  Investors can sell or trade their BTC assets in the same crypto exchanges where the crypto assets are being purchased. However, some crypto exchanges charge a percent of the sale amount as a fee. One such exchange is Coinbase. It charges transaction fees when a trader cashes out their crypto, depending on their selected payment options. Some exchange platforms generally have a daily or monthly withdrawal limit, while others don&#8217;t. Binance, Coinbase, OKX, Bybit, Bitget, KuCoin, and more are some of the best exchanges for you to trade Bitcoin. Bitcoin Wallets and Security Privacy and security are the two keys a Bitcoin trader should consider when using Bitcoin Wallets. Investors who gain the private key should hold it securely. In case if you don&#8217;t have your private key, then you may lose access and control to your Bitcoin permanently.  We all know Bitcoin is the most traded cryptocurrency in the crypto world. Hence, a secure wallet is essential to send, receive, and store Bitcoin safely. But how do we choose?Bitcoin Wallets can be found in the forms of hardware devices, and mobile wallets are paper wallets. Each wallet type has a different security enhancement.  How to Secure Your Bitcoin Holdings? Have you ever heard of Hot and Cold Wallets in the digital economy? It&#8217;s hard to determine which wallet will be the best Bitcoin wallet for all-level traders, because specific features and security options define what will work for an individual trader. Therefore, choosing the right BTC wallet involves considerable types. Hot Wallet Vs. Cold Wallet A Hot Wallet is a “Software Wallet” where crypto investors and traders can easily manage their stored assets. Bitcoin&#8217;s Hot wallets can be accessible in the form of Mobile wallets, Web wallets, Desktop wallets, custodial hot wallets, and non-custodial hot wallets. Whereas, Cold Wallet is a “Hardware Wallet” where crypto investors and  traders can store their private key in the offline mode in order to prevent online threats like hacking. Cold wallets can be found in the form of hardware devices, paper wallets, custodial wallets, and non-custodial wallets. Custodial Vs. Non-Custodial Wallets In the custodial wallet, a third-party intermediary like crypto exchanges might hold your private keys and control access to your Bitcoin. In a non-custodial wallet, users control their private keys and manage to secure Bitcoin. Bitcoin Adoption and Use Cases As Bitcoin is the top leader in the crypto economy, businesses and leading enterprises are using Bitcoin as their primary asset in the global market. Hence, it consistently gains more traction. Furthermore, the key factor behind its success was  partnerships and integrations with top organizations like: the Bitcoin Foundation, Blockstream, Coinbase, Binance, the Chamber of Digital Commerce, Microsoft, and more. Further, the heightened importance of Bitcoin in the finance world may play a crucial role in contributing to adopting BTC. So, let&#8217;s find the factors that lead to Bitcoin adoption in the global crypto market.  Factors that lead Bitcoin Adoption Since its emergence, Bitcoin has been experiencing a remarkable journey in the crypto market. In 2025, Bitcoin will be gaining more attention among traders than ever. Some of the critical factors are: Rising Institutional Adoption: The participation of diverse institutions in the Bitcoin market is one main reason for its higher adoption in the finance market.  Changes in cryptocurrency regulations: The legal and regulatory framework is another considerable factor driving Bitcoin adoption in the global market.  Bitcoin&#8217;s revolutionary power: Decentralization, scarcity, economic hedge, integration, and immutable nature are the key attributes leading to its popularity and adoption.  Rising uncertainty in the finance world: The crypto market is generally volatile. Hence, the market sentiment remains unpredictable and uncertain. As a result, investors and market participants may shift their attention to Bitcoin. Advancement in Technology: In 2025, crypto enthusiasts are anticipating that Bitcoin might bring advancement to its elements like scalability, privacy, and more. Further, the integration of some new technologies might boost its viability in the future. Bitcoin&#8217;s Future Outlook &amp; Growth Potential Based on increased institutional adoptions, the US Strategic reserve, and crypto regulatory frameworks, Bitcoin is anticipated to exhibit significant growth by the end of 2025. As countries like Bhutan and El Salvador are increasing their participation in the crypto market, hedging against inflation, and diversifying wealth, which could lead to Bitcoin becoming a big shot in the marketplace. As a positive outlook, the mass adoption and innovative frameworks demonstrate that Bitcoin will be a highly future-scope investment.  Pros and Cons of Investing in Bitcoin  Pros Security Decentralized Protection from inflation  Transparency Cons High Volatility Risk of data loss Lack of Government regulations Final Thoughts In the modern age, Bitcoin is one of the technological breakthroughs and the most remarkable invention. As it positions as a top ranker in the marketplace, this digital currency faces potential challenges from other dominators like Ethereum, Ripple, and more. Yet, Bitcoin outperforms other assets. Based on today&#8217;s market activity, Bitcoin is projecting an upward trajectory and attempting to break the $94,939.23 resistance to reclaim its Bullish sentiment. So, investing in Bitcoin at the moment could be a good choice. But if you&#8217;re still doubting whether to invest in it, keep monitoring the price action and make an informed decision. As crypto investment involves critical risks, we recommend that our readers do deep research before investing in digital assets.

BTC Archives

BTC Archives | Coinfomania

Wilfred Michael

The official Twitter accounts of leading cryptocurrency exchanges, Binance, Gemini, and Kucoin were just hacked in the hours leading up to press time. The new hosts are using the account to promote a fake 5000 BTC giveaway and it remains to be seen whether Binance, Gemini, or KUCOIN will reclaim the account soon. A message ... Read more

BREAKING: Official Binance, Gemini, and KUCOIN Twitter Handles Hacked For Fake Giveaways

Obike Favour

Obike Favour is a crypto news reporter who  is also interested in digital marketing and writing.

As an introvert, she spends most of her time surfing the Internet for new ideas that will help her succeed in the digital world.

A Nigerian man has been accused of defrauding several U.S. companies of millions of dollars by the Federal Bureau of Investigation (FBI), according to a Tuesday report by the local news outlet, Vanguard. The accused, Olalekan Jacob Ponle, popularly known as Woodberry, was arrested during a special operation Fox Hunt 2 in Dubai on June ... Read more

Busted Nigerian Fraudster in FBI Custody Converted $15 Million Stolen Funds to Bitcoin

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Crypto Wallet News

Ruth Shadrac

Ruth Shadrac is new to the crypto space and finds it very fascinating. She is currently an intern at Coinfomania and hopes to work her way to success.

Whale Alert has reported another wave of Ether (ETH) transfers connected to popular PlusToken Ponzi scheme scam. PlusToken was a Chinese based cryptocurrency Ponzi Scheme, that was paraded as a  legal cryptocurrency wallet to attract many cryptocurrency investors who were hoping to receive returns. According to Whale Alert, a live tracker for large crypto transactions, ... Read more

PlusToken Scam Just Moved a Large Portion of Their ETH Holdings

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Caroline John

Caroline is a zealous writer who recently picked interest in Bitcoin and the cryptocurrency community. She's always learning about the industry and aims to provide timely and accurate information about the latest developments in the crypto space.

Giveaway cryptocurrency scams continue to plague the cryptocurrency industry, despite the many reports we have covered about such nefarious events in the past. The perpetrators of these fake giveaways usually use the identities of popular crypto brands and influencers to deceive unsuspecting crypto users, especially newbies. More recently, reports of a Bitcoin giveaway scam surfaced ... Read more

Man Loses $1000 in BTC to Palihapitiya Giveaway YouTube Scam

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Binance's Zhao and FTX's Bankman-Fried Commence Their Prison Sentences

A Dublin man is on the verge of spending the better part of his life behind bars for allegedly stealing more than $2 million worth of cryptocurrencies via sim swap hacks. According to a Tuesday report, the Ireland Police is preparing an investigation file against 20 year old Connor Freeman, who is accused and wanted ... Read more

20yo Dublin Man Could Spend 108yrs in Prison for Allegedly Stealing $2M+ Worth of Crypto

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Binance, the world&#8217;s leading cryptocurrency exchange by trade volume and userbase, has recently added a new feature on its platform that allows bank account holders in South Africa to trade cryptocurrencies directly using the Rand value. Binance exploring Africa The exchange is also BUIDLing and making provisions for other African countries to explore this feature in ... Read more

Africa Is An Important Market For Cryptocurrencies: Binance Changpeng Zhao

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Despite the global economic uncertainty, the Bitcoin community came through for one of its own in the last 24 hours, rallying behind a certain Bitcoiner from Colombia (@ancapchildren) who claimed he would be &#8220;buying sats like a crazy person,&#8221; if not for the low minimum wage of $2,500/ year. All that was needed was two ... Read more

Bitcoin Twitter Turns Colombian Sats Stacker to Wholecoiner in Under 24 Hours

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Banca Sella, one of the largest private banks in Italy, has recently launched a Bitcoin trading service in a bid to facilitate clients&#8217; transactions amid the COVID-19 pandemic. The Bitcoin trading service will be carried out on Banca Sella&#8217;s Hype platform that already has about 1.2 million people using it to conduct transactions. With the ... Read more

Mass Adoption: Italian Bank, Banca Sella Now Offers Bitcoin Trading

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