The Daily Dose

Australian fraudsters earned $4.3 million (AU$6.1 million) with cryptocurrency scams last year—a revenue increase of 190 percent when compared to 2017. The Australian Competition and Consumer Commission (ACCC)’s new report details the extent of the nation’s problem with cryptocurrency fraud. In total, it fielded 674 reports of scams that requested cryptocurrency for payments in 2018. Almost half of of all losses were reported by men aged 25 to 34, and over 80 percent were contacted via the internet (social media, forums, or email). The most successful cryptocurrency scam category was investment fraud, with $1.8 million (AU$2.6 million) in reported losses. “To avoid…

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It’s Monday morning, you know the drill. But if you don’t, here’s a wrap-up of the weekend’s top cryptocurrency and blockchain headlines. 1. British carmaker Jaguar Land Rover announced that it’s testing software from IOTA which would allow it to reward its drivers for sharing data about their car journeys, reports Reuters. 2. According to a new report from cybersecurity firm Malwarebytes, browser-based cryptocurrency mining attacks – also known as crypto-jacking – are down 79 percent from this time last year. 3. Singapore police issued an alert this weekend warning locals of scammers that impersonate Chinese legal officials that request cryptocurrency…

This story continues at The Next Web