The Challenges of Bitcoin

Bitcoin is a global payment system that is popularly known as a cryptocurrency.  It is the first system of decentralized digital currency that works as a single administrator. All the transactions are done directly among users without a mediator. It is a global system of exchanging currencies across the internet, without being linked to an

ICO Exit Scams – Two of the Biggest Exit Scams to Date

Financial markets throughout the world are becoming increasingly better regulated;  security has tightened up and scams are now rarer than they have been before. Scammers do not seem to be too worried about these developments, since they have an even better avenue to exploit when it comes to scamming – cryptocurrencies. The latest innovation in

Initial Coin Offerings and Why KYC is Important

Initial Coin Offerings (ICOs) are a hybrid of traditional IPOs and crowdfunding. Ever since their advent, ICOs have become the premier avenue for capital raising activity for any businessperson who needs to raise funds quickly. As a result, there’s a growing interest in ICOs by regulators all over the world. In this post, we will

RKN Global on Identity Theft – Revisited

Identity theft typically involves a fraudster stealing victims’ personal information, such as their name, address, telephone number, and passport details. They then use this information for their own financial benefit.   It is not uncommon for criminals to take out loans, mortgages or purchase goods using another person’s details. This means that while the criminal

RKN Global on the Mainstreaming of Cryptocurrency

It seems that 2017 has been the year that cryptocurrencies have exploded into the mainstream consciousness.  In a speculative frenzy, the price of Bitcoin has risen over the course of the year from under $1,000 to over $19,000 (though it is at about $14 thousand at the time of this writing) as many look to

RKN Global on Bribery

Bribery involves giving or receiving a financial advantage or another type of advantage so in order to improperly alter the recipient’s behavior. The act of bribery does not have to involve money; it can involve gifts, tickets to events, or special treatment during a business trip, for example.   Bribery can affect almost every aspect