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| July 20, 2018

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At an Egyptian Site Last Excavated in 1900, a Significant Find

July 16, 2018 |

“It’s only the beginning,” is how Egypt’s antiquities minister on Saturday described a find made at a site near the country’s famed pyramids at an ancient necropolis south of Cairo. The discovery—which includes a mummification workshop and a shaft, used as a communal burial place—is located at the…
Newser

TMZ

XXXTentacion’s Mother Reveals His Mausoleum at Burial Site

July 1, 2018 |

XXXTentacion’s been laid to rest and won’t soon be forgotten by his loving family and fans, but just to be sure … he got a huge monument in his honor. X’s mother, Cleopatra Bernard, just shared a photo of the rapper’s mausoleum with the caption…

TMZ.com

North Korea Rapidly Upgrading Nuclear Site Despite Summit Vow

June 28, 2018 |

North Korea is upgrading its nuclear research center at a rapid pace, new satellite imagery analysis suggests, despite Pyongyang’s commitment to denuclearization at a summit with the U.S. this month.
WSJ.com: What’s News Asia

CNN

Satellite images show North Korea upgrading nuclear site

June 28, 2018 |

New satellite images show North Korea has made rapid improvements to the infrastructure at its Yongbyon Nuclear Scientific Research Center — a facility used to produce weapons-grade fissile material, according to an analysis published by 38 North, a prominent North Korea monitoring group.
CNN.com – RSS Channel – World

North Korea Says It Just Blew Up Nuke Test Site

May 24, 2018 |

North Korea carried out what it said is the demolition of its nuclear test site Thursday, setting off a series of explosions over several hours in the presence of foreign journalists. The explosions at the nuclear test site deep in the mountains of the North’s sparsely populated northeast were centered…
Newser

US Government Launches Scam Crypto Site

May 17, 2018 |

US Government Launches Scam Crypto Site

In an effort to get ahead of the next round of scams, the US Securities and Exchange Commission (SEC) created and published its own version of an initial coin offering (ICO) scam website. It’s a rather innovative way at approaching investor education in the brave new world of cryptocurrency.

Also read: Federal Reserve Pres: People Want Dollar, Not Volatile Crypto

SEC Posts ICO Scam Site

“Combining the two most growth-oriented segments of the digital economy,” the mock SEC website reads, “blockchain technology and travel, Howeycoin is the newest and only coin offering that captures the magic of coin trading profits AND the excitement and guaranteed returns of the travel industry. Howeycoins will partner with all segments of the travel industry (air, hotel, car rental, and luxury segments), earning coins you can trade for profit instead of points.”

US Government Launches Scam Crypto Site

It really is a novel idea. SEC Chairman Jay Clayton explained, “The rapid growth of the ‘ICO’ market, and its widespread promotion as a new investment opportunity, has provided fertile ground for bad actors to take advantage of our Main Street investors. We embrace new technologies, but we also want investors to see what fraud looks like, so we built this educational site with many of the classic warning signs of fraud. Distributed ledger technology can add efficiency to the capital raising process, but promoters and issuers need to make sure they follow the securities laws. I encourage investors to do their diligence and ask questions.”

And it is also more than ironic how “on it” the SEC has been when it comes to crypto and all things ICO. Enforcement subpoenas are flying all around the United States in search of the next conviction. Ironic, because, of course, so little, comparatively, has been done similarly with regard to mainstream financial scams: The Great Recession is probably a perfect example. Crypto, while often ‘poo-poo’d’ as largely irrelevant and no threat, does appear to occupy more and more time and space in SEC moves.US Government Launches Scam Crypto Site

Nevertheless, SEC Chief Counsel, Owen Donley, detailed how fraudsters “can quickly build an attractive website and load it up with convoluted jargon to lure investors into a phony deal. But fraudulent sites also often have red flags that can be dead giveaways if you know what to look for.” The webpage www.howeycoins.com is an in-house SEC project they were able to construct in relatively little time. Howey is derived from the landmark 1946 U.S. Supreme Court decision, SEC v. W.J. Howey Co.  Its decision guides the definition the regulator uses to this day in determining what constitutes a security: “a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party.”

Pretty Much Spot On

Some of the better lines are eerily spot on. “We anticipate OVER 1% daily returns, with DOUBLE 2% returns on Tier 1 investors in pre-ICO stage secured purchases,” Howeycoin promises. “The average registered coin return over a two month period in 2017 was an amazing 72%. Based on market conditions, including record-setting prospects in both the digital asset and travel industries, we expect to surpass that BEFORE the Tier 2 offering closes. HODL! We also forecast a minimum growth rate of between 7% to 15% annualized, making Howeycoins attractive for long-term investment. In addition, Howeycoins can serve as a GUARANTEED hedge against inflation and market loss.”US Government Launches Scam Crypto Site

Clicking on the live links brings surfers to a reveal landing page: “If You Responded To An Investment Offer Like This, You Could Have Been Scammed – Howeycoins Are Completely Fake!” the banner blares. “Fortunately, frauds like these often have a number of ‘red flags’ that can help you tell if the so-called ‘investment opportunity’ is really a scam. Our bogus site is a mash-up of a number of different things we’ve seen – any particular fraud may be harder to spot than the red flags here. Here are some of the signs of fraud that are on the Howeycoins site – we hope reviewing these may help you recognize a real fraud in the future!”

In the interest of clarity and fairness, seeing as how the legacy financial world has been around decades and decades longer than crypto and ICOs, it’d be wonderful for the SEC to use some this new found creativity to mock their own: investment bank come-ons, bail out scams, etc. We won’t be holding our breath.

Do you think this tactic will be effective? Let us know your thoughts in the comments below.


Images via Shutterstock, SEC.


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The post US Government Launches Scam Crypto Site appeared first on Bitcoin News.

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CNN

Nuclear test site dismantling has begun, North Korea monitors say

May 16, 2018 |

Satellite images appear to show North Korea is shuttering its nuclear test site, according to analysts from North Korean monitoring site 38 North.
CNN.com – RSS Channel – World

CNN

North Korea reveals plan to blow up its nuclear test site

May 12, 2018 |

North Korea outlined steps Saturday to dismantle its nuclear testing site — and confirmed that international journalists, including from the United States and the United Kingdom, would be invited to watch this month as its tunnels are blown up.
CNN.com – RSS Channel – World

North Korea’s Nuke Site Is Way Worse Off Than We Knew

May 12, 2018 |

The nuclear test site that Kim Jong Un promises to shutter may be in worse shape than the world knew, the Wall Street Journal reports. The Punggye-ri site—which is couched in a mountain called Mount Mantap—apparently suffered a sizeable collapse in the hours and days after North Korea’s…
Newser

Trump Announces Site of Summit With Kim Jong Un

May 10, 2018 |

The time and date are set: President Trump will meet with North Korea’s Kim Jong Un in Singapore on June 12. “We will both try to make it a very special moment for World Peace!” Trump tweeted Thursday morning, providing details for the first time about the history-making summit in…
Newser