Cryptocurrency Is Surging Again. Here's How to Spot Scams and Keep Your Wallet Safe [CNET News]
TransUnion (TRU)
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Source: CNET News
The price of a single bitcoin, for example, recently eclipsed $100,000 for the first time. Experts attribute this trend to several factors, including President-elect Donald Trump's favorable comments about cryptocurrency on the campaign trail, renewed interest from retail investors and increased institutional adoption. Crypto is notoriously volatile. The digital assets' value can swing wildly in a matter of days or hours, making them both a thrilling and high-risk investment. But there's another dangerous side of the crypto boom: the resurgence of crypto scams Crypto presents a golden opportunity for scammers. The crypto market is mostly unregulated and once a transaction is made, it's nearly impossible to reverse it. That means if a scammer takes off with your crypto, there's little you can do to get your money back. If you're actively investing in crypto or keeping an eye on digital currencies, make sure you know how to spot these get-rich-quick schemes and other ploys. To
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