Federal Investigators Warn Of Rise In Cryptocurrency Scams

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  • NBC News published this video item, entitled “Federal Investigators Warn Of Rise In Cryptocurrency Scams” – below is their description.

    There’s been a massive spike in scams linked to digital currency. Since October, nearly 7,000 people have reported losses of more than $80 million.

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    In This Story: Cryptocurrency

    A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

    Bitcoin is the first decentralized cryptocurrency. Since the release of bitcoin, other cryptocurrencies have been created.

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