#Advantages of cryptocurrency
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cruddymoose · 2 years ago
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EMBRACE THE FUTURE OF ONLINE PAYMENTS WITH CRYPTOCURRENCY IN 2023
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aeternusfoundation · 2 years ago
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Crypto Tokens: The New Shade of Lifestyle
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#Crypto tokens are digital assets that use cryptography to secure their transactions and to control the creation of new units. Crypto tokens#Crypto tokens are created through a process called “tokenization.” In tokenization#a company converts some of its assets into digital tokens that can be traded on a blockchain. These tokens can represent anything from the#Crypto power up the Dapps#Crypto tokens are often used to power dapps. Dapps are applications that are built on top of a blockchain platform. These applications use#a company might issue tokens that represent shares of its stock. These tokens can be traded on a blockchain and can be used to purchase pro#What are the benefits of using crypto tokens?#Crypto tokens offer a number of benefits over traditional cryptocurrencies. They are easier to use and can be integrated into a variety of#crypto tokens offer a number of benefits to businesses#including faster transactions and lower costs.#Tokens improve your lifestyle#In the modern world#people are always looking for new and innovative ways to improve their lifestyles. One of the latest trends in the use of crypto tokens to#including:#Paying for goods and services: Crypto tokens can be used to pay for goods and services#both online and offline. This makes it easy to purchase items without having to use a traditional currency.#Reducing transaction costs: The use of crypto tokens can help to reduce transaction costs#as there are no fees associated with the use of tokens. This can save you money when you are making purchases online or in-store.#Earning rewards: Many crypto tokens offer rewards for their users. This can include discounts on products or services or bonus points that#Improving security: One of the main advantages of using crypto tokens is the increased security that they offer. Tokens are stored on block#which is a secure and tamper-proof system. This makes it difficult for criminals to steal your tokens or access your information.#Choose the right token for your lifestyle#So#how can you start using crypto tokens to improve your lifestyle? There are a number of options available#so it’s important to do your research and find the right token for you.
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intelisync · 6 months ago
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Unlocking Perpetual Futures Contracts: Essential 2024 Guide for Beginners
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Are you ready to take your trading to the next level with a financial instrument that offers endless opportunities and flexibility?
Perpetual futures contracts have emerged as a revolutionary tool in the trading arena, particularly for cryptocurrency enthusiasts. These contracts, unlike traditional futures, do not have an expiration date, allowing traders to hold positions indefinitely. This feature provides a significant advantage, enabling continuous trading and the ability to take advantage of long-term market trends. The funding rate mechanism, which periodically adjusts to keep contract prices in line with the spot prices of the underlying assets, ensures a balanced and fair trading environment.
Leverage is a key feature of perpetual futures contracts, allowing traders to control larger positions with a smaller capital investment. This can significantly amplify profits, but also poses a risk of larger losses, making risk management a crucial aspect of trading these contracts. The real-time mark-to-market settlement process adjusts traders' margin balances continuously, ensuring that gains and losses are promptly accounted for. This mechanism helps prevent sudden liquidations and keeps traders informed about their margin requirements.
Despite the numerous benefits, perpetual futures come with their own set of risks, including market volatility and fluctuating funding rates. Traders must have a solid understanding of these risks and employ effective strategies to mitigate them.
Intelisync, a pioneer in blockchain technology and exchange development, offers advanced solutions to enhance the security and functionality of perpetual futures trading. Explore how Intelisync can enhance your trading experience and provide the tools you need to succeed in the dynamic world of perpetual futures.
Discover how Intelisync can transform your trading journey and provide you with the tools needed to succeed in the dynamic world of perpetual futures. Contact Intelisync today! Ready to revolutionize your trading journey? Contact Intelisync today and Learn more....
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signode-blog · 1 year ago
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Mistakes Traders Make While Using Moving Averages
Moving averages have a long history in the field of statistics and technical analysis. Their origins can be traced back to the early 20th century, and they have since evolved to become a fundamental tool for traders and analysts in various financial markets. Here’s a brief history of moving averages: Early Development (Early 20th Century): The concept of moving averages can be traced back to…
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concettolabs · 1 year ago
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jjbizconsult · 2 years ago
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Advantages of Cryptocurrencies over National Currencies.
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In this blog, you'll learn about the advantages and disadvantages of cryptocurrency, the benefits and risks of using a crypto trading platform, and how to buy and sell cryptocurrency.
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eosnox · 2 years ago
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Smart Investors Choose Crypto: Unlocking the Potential of Crypto Investment
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#Introduction#Are you looking to break into the world of crypto investing? You’ve come to the right place. Investing in crypto has become increasingly po#It's not hard to understand why—the global cryptocurrency market cap recently surpassed a staggering $1 trillion#with more investors jumping onboard daily to take advantage of the potential profits crypto has to offer.#Crypto investment offers opportunities that can disrupt entire markets#and it is up to the savvy investor to find out how they can best position themselves to capture these returns. That’s where I come in; let#Benefits of Investing in Crypto#As an investor#you know that potential rewards come with potential risks. What sets cryptocurrency apart from other investments is its low barrier to entr#making it accessible for more people to begin their first foray into investing. Investing in cryptocurrency can also be a great way to dive#While the crypto market has seen its ups and downs#the consensus among financial experts is that crypto shows real#long-term promise. By investing in different coins#you can spread out your risk and#if all goes well#increase the reward of your investment portfolio significantly.#Plus#the versatility of cryptocurrencies means you can use them for more than just buying and selling stocks—cryptocurrency has a wide variety o#you open up a whole new set of possibilities and ensure your financial future is secure.#Get to Know EOSNOX Global#the Innovative Crypto Investment Platform#Investing in crypto is a smart move#and having the right platform to tackle it is even more important. EOSNOX Global is the innovative crypto investment platform you've been l#you can trade dozens of digital currencies on the spot market and access leading blockchain products.#Here’s some reasons why EOSNOX Global is a great choice for tapping into the potential of cryptos:#Secure and compliant: Our exchanges use cutting-edge encryption protocols to secure your funds. And our manual compliance processes ensure#Trading tools: We offer tools to help you make smarter decisions—such as our in-depth analytics#trading systems#risk management solutions#and much more!
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proinvesto1234 · 2 years ago
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brehaaorgana · 4 months ago
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A reasonable take: You should actually be independently verifying all charities and charity fundraisers before donating unless you know the recipient personally.
This means:
Every single fundraiser/charity requires research and your own individual verification for your financial safety. Always. Forever! In perpetuity!
VERIFY, then trust.
If you only realized you should be worried about possible scams because foreign brown people are involved then yeah you might have been influenced by racism! That might not have been intentional on your part, but racism influences us in all kinds of ways we might not realize or even actively agree with!
But being wary of scams and fraud as a matter of course is not, in and of itself, racist. Practicing financial safety habits consistently to protect yourself against scams and fraud is not racist on its own. That would be absurd.
If people are saying they're vetted or checked by someone else, you still have to do the research to find out what that person vetted, how they checked, and if they are trustworthy.
You don't need to harass people in order to do this research and verification for yourself. If you decide you're not sure you still don't need to harass people.
Successful fraudsters are successful when you don't take the time to personally verify them before you give money. They may seem just like a bot, OR they might be indistinguishable from an actual person in need. Or both! Fraudsters do all of these things because they only need one thing to work on you.
Yes, it is a known fact that fraudsters try to take advantage of disaster, conflict, and turmoil in order to scam people who want to do good and help others. It's called charity scamming.
"Never pay by cash, gift card, wire transfer, or cryptocurrency. Each of these forms of payment are difficult or impossible to track and reverse." - the FBI. But also me. Just as an fyi don't ever do that.
The United States has a lot of general resources on financial fraud and charity scams. Look at the FBI — IC3, the FTC ftc.gov/charity, the CFPB, FinCen (this page shows recent warnings in Suspicious Activity reports so you know what to look out for to avoid giving money to say Russian Oligarchs!) and the IRS websites.
Also international fraud awareness week. And Prevent Charity Fraud has resources aimed *at* charities, because nonprofits can be scammed too!
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sexymemecoin · 6 months ago
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The Expansive World of Altcoins: Exploring the Diversity Beyond Bitcoin
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Bitcoin, the original cryptocurrency, has long dominated headlines and market discussions. However, the world of digital currencies is vast and diverse, with thousands of alternative coins, or altcoins, each offering unique features and value propositions. Altcoins encompass a broad range of projects, from utility tokens and stablecoins to meme coins and more. This article delves into the rich ecosystem of altcoins, highlighting their significance, various types, and the innovative projects that make up this vibrant space, including a mention of Sexy Meme Coin.
Understanding Altcoins
The term "altcoin" refers to any cryptocurrency that is not Bitcoin. These coins were developed to address various limitations of Bitcoin or to introduce new features and use cases. Altcoins have proliferated since the creation of Bitcoin in 2009, each aiming to offer something different, whether it be improved transaction speeds, enhanced privacy features, or specific utility within certain ecosystems.
Categories of Altcoins
Utility Tokens: Utility tokens provide users with access to a specific product or service within a blockchain ecosystem. Examples include Ethereum's Ether (ETH), which is used to power applications on the Ethereum network, and Chainlink's LINK, which is used to pay for services on the Chainlink decentralized oracle network.
Stablecoins: Stablecoins are designed to maintain a stable value by being pegged to a reserve of assets, such as fiat currency or commodities. Tether (USDT) and USD Coin (USDC) are popular stablecoins pegged to the US dollar, offering the benefits of cryptocurrency without the volatility.
Security Tokens: Security tokens represent ownership in a real-world asset, such as shares in a company or real estate. They are subject to regulatory oversight and are often seen as a bridge between traditional finance and the blockchain world.
Meme Coins: Meme coins are a playful and often humorous take on cryptocurrency, inspired by internet memes and cultural trends. While they may start as jokes, some have gained significant value and community support. Dogecoin is the most famous example, but many others, like Shiba Inu and Sexy Meme Coin, have also captured the public's imagination.
Privacy Coins: Privacy coins focus on providing enhanced privacy features for transactions. Monero (XMR) and Zcash (ZEC) are notable examples, offering users the ability to transact anonymously and protect their financial privacy.
The Appeal of Altcoins
Altcoins offer several advantages over Bitcoin, including:
Innovation: Many altcoins introduce new technologies and features, driving innovation within the cryptocurrency space. For example, Ethereum introduced smart contracts, enabling decentralized applications (DApps) and decentralized finance (DeFi) platforms.
Specialization: Altcoins often serve specific niches or industries, providing targeted solutions that Bitcoin cannot. For instance, Ripple (XRP) focuses on facilitating cross-border payments, while Filecoin (FIL) aims to create a decentralized storage network.
Investment Opportunities: The diverse range of altcoins presents numerous investment opportunities. Investors can diversify their portfolios by investing in projects with different use cases and growth potentials.
Notable Altcoins in the Market
Ethereum (ETH): Ethereum is the second-largest cryptocurrency by market capitalization and has become the backbone of the DeFi and NFT (Non-Fungible Token) ecosystems. Its smart contract functionality allows developers to create decentralized applications, leading to a thriving ecosystem of financial services, games, and more.
Cardano (ADA): Cardano is a blockchain platform focused on sustainability, scalability, and transparency. It uses a proof-of-stake consensus mechanism, which is more energy-efficient than Bitcoin's proof-of-work. Cardano aims to provide a more secure and scalable infrastructure for the development of decentralized applications.
Polkadot (DOT): Polkadot is designed to enable different blockchains to interoperate and share information. Its unique architecture allows for the creation of "parachains," which can operate independently while still benefiting from the security and connectivity of the Polkadot network.
Chainlink (LINK): Chainlink is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. This functionality is crucial for the operation of many DeFi applications, making Chainlink a vital component of the blockchain ecosystem.
Sexy Meme Coin: Among the meme coins, Sexy Meme Coin stands out for its combination of humor and innovative tokenomics. It offers a decentralized marketplace where users can buy, sell, and trade memes as NFTs (Non-Fungible Tokens), rewarding creators for their originality. Learn more about Sexy Meme Coin at Sexy Meme Coin.
The Future of Altcoins
The future of altcoins looks promising, with continuous innovation and increasing adoption across various industries. As blockchain technology evolves, we can expect altcoins to introduce new solutions and disrupt traditional systems. However, the market is also highly competitive, and not all projects will succeed. Investors should conduct thorough research and due diligence before investing in any altcoin.
Conclusion
Altcoins represent a dynamic and diverse segment of the cryptocurrency market. From utility tokens and stablecoins to meme coins and privacy coins, each category offers unique features and potential benefits. Projects like Ethereum, Cardano, Polkadot, and Chainlink are leading the way in innovation, while niche coins like Sexy Meme Coin add a layer of cultural relevance and community engagement. As the cryptocurrency ecosystem continues to grow, altcoins will play a crucial role in shaping the future of digital finance and blockchain technology.
For those interested in the playful and innovative side of the altcoin market, Sexy Meme Coin offers a unique and entertaining platform. Visit Sexy Meme Coin to explore this exciting project and join the community.
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erc20tokengenerator · 4 months ago
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ERC20 Token Generator Introduction
Have you ever thought about creating your own cryptocurrency? With an ERC20 Token Generator , you can make it happen effortlessly. Let’s explore how to dive into the blockchain universe.
Understanding ERC20 Tokens
ERC20 tokens are a type of digital asset on the Ethereum blockchain, following a set standard for compatibility and functionality.
Advantages of ERC20 Tokens:
Consistency: Adheres to a universal protocol.
Broad Adoption: Recognized across various Ethereum-based platforms.
Robust Support: Strong community and resources available.
How to Use an ERC20 Token Generator
Creating tokens is simplified with these tools. Here’s how it works:
Specify Token Details:
Decide on a name and symbol.
Determine the total number of tokens.
Utilize the Generator:
Access an online generator.
Enter your token information.
Deploy Your Token:
Review your settings.
Launch on the Ethereum network.
Features of ERC20 Tokens
ERC20 tokens provide essential features that enhance their usability:
Standard Operations: Includes transferring and checking balances.
Smart Contract Compatibility: Integrates easily with smart contracts.
Security Assurance: Utilizes Ethereum's strong blockchain security.
Reasons to Create an ERC20 Token
Why create your own token? Here are some compelling reasons:
Raise Capital: Launch an ICO for funding.
Build Engagement: Offer rewards to your community.
Drive Innovation: Explore new blockchain applications.
Challenges to Consider
Despite the simplicity, some challenges exist:
Knowledge Requirement: Some blockchain understanding is needed.
Security Concerns: Vulnerabilities can be exploited if not addressed.
Regulatory Compliance: Ensuring adherence to legal standards is vital.
Best Practices for Token Creation
Follow these tips to ensure a successful token launch:
Code Audits: Regularly check for security issues.
Community Involvement: Seek feedback and make necessary adjustments.
Stay Updated: Keep abreast of blockchain trends and legal requirements.
Conclusion
The ERC20 Token Generator empowers you to create and innovate within the crypto space. Whether you're a developer or entrepreneur, it's a powerful tool for blockchain engagement.
Final Thoughts
Embarking on token creation offers a unique opportunity to explore the digital economy and its possibilities.
FAQs
1. What is the purpose of an ERC20 Token Generator?
It’s a tool to create custom tokens on the Ethereum blockchain easily.
2. Do I need technical skills to create a token?
A basic understanding of blockchain helps, but many tools are user-friendly.
3. Can I trade my ERC20 tokens?
Yes, you can trade them on crypto exchanges or directly with users.
4. What costs are involved in token creation?
Creating tokens incurs gas fees on the Ethereum network.
5. How can I ensure my token’s security?
Perform regular audits and follow best practices for security.
Source : https://www.altcoinator.com/
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intelisync · 6 months ago
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Liquid Staking for Novices: A 2024 Introductory Guide
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Unlock the full potential of your cryptocurrency investments with liquid staking, where liquidity meets profitability.
Liquid staking is transforming the cryptocurrency landscape by offering a solution to the liquidity problem associated with traditional staking. By issuing Liquid Staking Tokens (LSTs), this innovative approach allows users to stake their assets while retaining the ability to trade or use these tokens in various DeFi protocols. This dual benefit of earning staking rewards and maintaining liquidity makes liquid staking an appealing option for investors, particularly those involved with major cryptocurrencies like Ethereum and Solana.
Liquid staking is transforming the cryptocurrency landscape by offering a solution to the liquidity problem associated with traditional staking. By issuing Liquid Staking Tokens (LSTs), this innovative approach allows users to stake their assets while retaining the ability to trade or use these tokens in various DeFi protocols.
This dual benefit of earning staking rewards and maintaining liquidity makes liquid staking an appealing option for investors, particularly those involved with major cryptocurrencies like Ethereum and Solana.
The process of liquid staking involves depositing cryptocurrency into a staking contract, which then issues a liquid staking token representing the staked assets. These tokens can be utilized in decentralized exchanges, lending platforms, and yield farming protocols, providing users with the flexibility to optimize their investment strategies. This increased liquidity and flexibility allow users to respond quickly to market changes and new investment opportunities, making liquid staking a valuable tool in the crypto ecosystem.
Despite its benefits, liquid staking presents certain challenges, including the risk of validator penalties and smart contract vulnerabilities. Additionally, the regulatory environment for cryptocurrencies is continuously changing, which may impact staking practices. Nonetheless, liquid staking is poised to play a pivotal role in the future of blockchain finance, enhancing the value of crypto assets through improved accessibility and liquidity. Intelisync offers tailored blockchain solutions, including liquid staking, to help businesses Learn more.....
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mariacallous · 2 months ago
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More than 200,000 people in Southeast Asia have been forced to run online scams in recent years, often being enslaved and brutalized, as part of criminal enterprises that have netted billions in stolen funds. Such “pig butchering” operations have largely been concentrated in Myanmar, Cambodia, and Laos, typically rooted in Chinese organized crime groups exploiting instability and poor governance in the region. Though they come at great humanitarian cost, pig butchering scams are undeniably lucrative and, perhaps inevitably, similar operations are now being uncovered on multiple continents and in numerous countries around the world.
A WIRED review of law enforcement and civil society action as well as interviews with numerous researchers show that pig butchering operations that are offshoots of the Southeast Asian activity have emerged in the Middle East, Eastern Europe, Latin America, and West Africa. Many of these expanded operations apparently have links to Chinese-speaking criminals or have evolved in parallel to Chinese Belt and Road Initiative investments, the country’s massive international infrastructure and development initiative.
In 2023, the FBI had reports of nearly $4 billion in losses from the scams, and some researchers put all-time total global losses at $75 billion or more. Beijing has made a concerted effort in recent months to crack down on pig butchering schemes and human trafficking to scamming centers in the Southeast Asian region, but the activity is proliferating around the world nonetheless.
“As all sorts of attackers learn that they can make serious money doing this, they’re going to make those pivots,” says Ronnie Tokazowski, a longtime pig butchering researcher and cofounder of the nonprofit Intelligence for Good. “So pig butchering is cropping up in more and more countries. Even with all the interventions researchers and law enforcement have done there is little to no sign of this stopping.”
Pig butchering emerged in the last five years and is a type of scam that involves building seemingly intimate relationships with victims. Attacks often start by texting potential targets out of the blue and getting them talking. Then attackers begin to build a rapport and introduce the idea of a special or unique investment opportunity. Finally, victims send funds—typically cryptocurrency—through a malicious platform meant to look like a legitimate money management service, and attackers must launder the money from there. All of this takes time and careful planning from a large workforce. Experts say people from more than 60 countries have been abducted and trafficked to Southeast Asian scamming compounds that typically operate with thousands of forced workers. And in recent months, scam centers have been detected around the world as well in different configurations and sizes, but with the same goal.
“Organized crime groups have basically taken advantage of a favorable situation, a favorable environment for them related to governance challenges, limited enforcement capacities, limited regulations and legislative frameworks,” says Benedikt Hofmann, the deputy head of the United Nations Office on Drugs and Crime’s Southeast Asia and Pacific office. “All these ingredients you also find in some other places of the world.”
“What we’ve seen is criminal groups who are invested in this region here, looking beyond this region for establishing similar operations,” Hofmann says of the international expansion.
The wealthy, authoritarian city of Dubai, within the United Arab Emirates, has emerged since 2021 as the largest epicenter of pig butchering outside Southeast Asia. According to the UN, international migrants comprise more than 88 percent of the UAE’s population, making a uniquely diverse, and potentially vulnerable, workforce readily available.
“Dubai is both a destination and also a transition country,” says Mina Chiang, the founder and director of Humanity Research Consultancy, a social enterprise focusing on human trafficking. “We can see lots of compounds that are actually operating in Dubai itself.”
In July, Humanity Research Consultancy identified at least six alleged scam compounds believed to be operating around Dubai. The research—based on testimony from forced laborers, data leaked from a cyberattack, and social media posts—identified potential compounds around industrial and investment parks. These operations “to the best of our knowledge are managed by Chinese-speaking criminals,” the research says, adding that they operate in a similar way to compounds in Southeast Asia.
“They call it a typing center. But a huge scam call center,” reads a one-star review left for a location in Dubai on Google Maps. Another says: “Mostly poor people from Africa working there and mosltly jailed in Dubai. No matter how much they offer you everything is scammed. Highly suggest never ever go there.”
Dubai’s police force did not respond to WIRED’s request for comment about potential scam centers located in the city.
Pig butchering operations may have emerged in Dubai because of immigration and workforce dynamics, but in multiple African countries the activity has started to appear because of an existing culture of organized scamming.
In Nigeria, where digital scamming has been a prominent illicit industry for years across numerous platforms, it was all but inevitable that attackers would adopt the conceits and tactics of pig butchering. The scheme is mature enough that there are now readily available prefab cryptocurrency investment platforms, templates, and scripts available for sale online to anyone who wants to get started. A gang that is already used to carrying out romance scams or business email compromise schemes could easily adapt to the premise and cadence of pig butchering.
“If you look at West Africa’s history with social engineering stuff, it’s a potent mix,” says Sean Gallagher, senior threat researcher at Sophos. “You’ve got a lot of people who have seen this as a way to make a living, especially in Nigeria. And the technology is easily transferable. We’ve seen pig butchering packages for sale that include fake crypto sites and scripts that appear to be tailored to targeting African victims.”
Nigerian law enforcement have been increasingly pursuing cases and even securing convictions related specifically to pig butchering. Gallagher and Intelligence for Good’s Tokazowski also say that in studying and interacting with scammers, they have seen technical indicators that pig butchering attacks may be coming out of Ghana as well. The US Embassy in Ghana has warned about the potential for financial scams originating in the country.
Pig butchering has cropped up in other regions of Africa as well, with ties to Chinese-speaking criminals. In June, 88 people in Namibia were rescued from a scam center, which had links to Chinese nationals who were reportedly arrested. Meanwhile, local reports also indicated that 22 Chinese nationals were sentenced to jail time in Zambia for their links to local scam centers.
Stephanie Baroud, a criminal intelligence analyst in Interpol’s human trafficking unit, says the policing organization, which has been coordinating law enforcement actions, has seen an increase in international scam centers. Not all of them are linked to criminal groups from Asia.
“While sometimes we are noting a link to Asian groups, there are cases where there haven't been,” Baroud says. In some situations, she says, new pig butchering activity around the world seems to be an offshoot of Southeast Asian operations, but unrelated actors appear to be taking the model and adapting it to their resources and expertise.
The scams have emerged in Eastern Europe as well. At least two “fraudulent call centers” trying to con people into investing in cryptocurrency were uncovered by law enforcement in Georgia this month, with reports saying men from Taiwan were forced into working in the country. Local officials, who did not respond to WIRED’s request for comment, have said in recent years they have prosecuted seven companies involved in call center operations.
Scam compounds have also been broken up in Peru and Sri Lanka. And there has even been alleged trafficking in truly unexpected places like the Isle of Man, a British territory where almost 100 people were working between 2022 and 2023 as part of a pig butchering operation, according to a BBC investigation from August.
“The People’s Republic of China–origin criminal groups that are behind these sophisticated forms of scamming are looking to build networks and hubs all around the globe simply because this is so lucrative,” says Jason Tower, the country director for Burma and a long-time security analyst covering China and Southeast Asia at the United States Institute of Peace.
Pig butchering scam centers rely upon multiple layers of criminality to operate, encompassing the recruitment of trafficked people, running scam centers on a day-to-day basis, the development of technology to scam thousands of people, and the sophisticated money laundering required to process billions of dollars. As Chinese authorities have cracked down on Chinese-speaking criminal organizations operating scam centers across Southeast Asia, the groups have likely continued to spread their operations, albeit at a smaller scale.
“I would say it was an intentional hedging strategy, seemingly to diversify the geographic basis of operation and ultimately ensure business continuity,” says John Wojcik, an organized crime analyst at the United Nations Office on Drugs and Crime. “But at the same time, I think it’s also an immediate reaction to mounting law enforcement pressure and regulatory tightening in this region.”
In addition to the geographic spread of pig butchering operations, researchers note that there has also been a shift in the people targeted by traffickers to “work” in scam compounds. “Over the past two years, the countries targeted for recruitment have gradually shifted westward,” says Eric Heintz, a global analyst at human rights organization International Justice Mission.
Many trafficking victims within the early years of pig butchering were based in Southeast Asian countries, but this soon shifted to South Asian nations such as India and Nepal, Heintz says. “We have since seen recruitment posts targeting East African nations like Kenya and Uganda, and then West African countries like Morocco, and then, most recently, we have seen posts targeting El Salvador.”
As always, the spread and evolution of pig butchering is driven by how profitable it can be. Researchers say that another alarming trend involves people from around the world choosing to go work in scam centers or even being liberated from forced labor and returning to keep working voluntarily. As long as the money keeps coming in, pig butchering will keep spreading around the world.
“Fraud is not being seen as a serious crime—not like drugs, not like terrorism,” Humanity Research Consultancy’s Chiang says. “Globally, we need to start shifting that idea, because it creates the same kind of damage, and maybe even more because the amount of money we're talking about is so huge. We are racing against time.”
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system-of-an-up · 3 months ago
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I'm so clever
Stay safe artists.
How to recognize an art scam?
1. Hi can you draw a picture of my son and his pet? I'll pay you anything what are your prices?
That's the most common question I got several times on other websites. Whether you gave prices or not they won't look into it. They never looked at your account, in fact. They pish you into making high prices for them to get refunded later.
2. They don't follow you, or they didn't like your art a while ago.
When you're commissioning an artist, it's because you enjoy their art. The least you'd normally do is give their art likes, comments, or follow you.
3. Just do it
A normal client would totally understand your suspicions and would prove they're not a scammer by explaining what they like in your art. For example, the choice of color palette, the graphic paw (funny way to say signature style), etc. They can also make you feel guilty about your questions. Don't.
4. They'll insist on a certain payment method that could give them advantages, and/or pay you AFTER.
Okay, let's say you're gonna buy bread. The baker hands you your baguette. You are right in front of them, so it's okay to pay after.
Now, you are asking for a developer to make you a script. They have no guarantee that you are real, nor that you are honest. It's normal for them to ask you to pay them first. Or 50% before 50% in the middle.
If you take PayPal, don't. They have a 180d refund policy, and even if the client was hobest at first, PayPal is by the buyer's side and not yours. It doesn't matter if you did the commission, the buyer CAN be refunded.
Solutions?
KYC. Know Your Customer. Sniff shady customers. But it's not really 100% working.
Use a middleman. This one decreases trust from the buyer's side but someone who has seen your commissions before and trusts you from the beginning wouldn't be too affected.
Make them sign an online contract before the commission. A lawyer can make you one or you can make one yourself. Email them, and if they're not a scammer they would sign it. Then you could contact PayPal in case of refund with this contract that person signed with their REAL information + their username and PayPal acc.
Ask for CRYPTOCURRENCY or set up a private XMR <your crypto currency> wallet. Few people really use crypto though.
DMCA them in case they use your art after refusing to pay you. Keep reverse-searching (Google Lens/Images) your art after getting scammed. As long as you have screenshots of the conversation with the client, you have all rights to do so.
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exnori · 4 months ago
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Giveaway Exnori
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Discover Exnori.com’s Exclusive Bonus Program: Get 0.31 BTC with Promo Code!
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The bonus cannot be withdrawn immediately and must be used for trading on the Exnori.com platform.
Additional terms and conditions may apply. Please refer to our website for full details.
Start Trading with an Extra Boost
Join Exnori.com today and take advantage of this incredible bonus program. With 0.31 BTC added to your account, you’ll have a significant boost to explore the exciting opportunities in the cryptocurrency market. Don’t miss out on this limited-time offer – sign up, enter the promo code, and start trading now!
At Exnori.com, we are committed to providing you with the best trading experience possible. Our bonus program is just one of the many ways we aim to support our users and help them succeed in the world of cryptocurrency trading. Welcome to the future of trading with Exnori.com!
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