Well this is kind of old news, but cryptopia is now offline. Like
many exchanges before it, it appears to have been hacked and has
faced substantial crypto losses. I think I had some bitcoin on there
as well. So it is a bit of a shame.
On the plus side, they announced they
were stopping support for Nyancoin recently and as a result, I pulled
all my nyancoin off of the site. So all my of Nyan is safe at least,
which is a big plus.
The moral of the story, though, is if
you don’t control your private keys, it is not really your
cryptocurrency, it's someone else holding on to it for you.
I will keep you informed as to all
developments in this space.
Also, it looks like Facebook is running
into some questionable looking ads on its platform. Look at this ad
Looks a little like a scam. But ok,
let's dig in first before we judge. It takes us to this site
Which claims to be an automated system
that will seek crypto arbitrage opportunities on your behalf and
execute trades for you. This sounds nice and dandy, but if you
really built a platform that could do this, would you share the
platform with others and reduce the opportunities you can take
advantage of? Or would you keep it to yourself? Probably the later.
So if something seems too good to be true, it probably is. There
definitely are some ways to make money with Crypto, after all I wrote
a whole book
on that. But it doesn’t look like this is one of them.
So how about you help me recoup some of
my losses and maybe some of yours too. Check out my faucet
recommendations here
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