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This is the situation of cryptocurrencies, a form of payment that almost no one is unfamiliar with, but which was not yet fully regulated. For this reason, the National Securities Market Commission (CNMV) has decided to regulate the advertising of cryptocurrencies once they are shown as an investment object. Cryptocurrencies with the financial system The advertising of cryptocurrencies goes in that the more understanding by the greater part of the population the greater the provocation for various banking entities or organizations to encourage their users to invest in cryptocurrencies. The CNMV estimates that in several of the campaigns the client is invited to invest in a product about which he has hardly any information or knowledge of its dangers. Thus, cryptocurrency advertising will have to use clear and simple language so that users can understand the message clearly, impartially, and with no intention of lying to them. What should cryptocurrency advertising be like? First of all, you should avoid referring to the profitability that can be obtained with your investment. And, in case of doing so, it will be essential to indicate a specific return time, which cannot be less than one year. It will be essential to make it quite clear which product is being advertised, thus avoiding confusion with other more famous ones, such as Bitcoin. Likewise, it will be essential to indicate the entity responsible, the territory in which they will be stored and the legal framework to be used in that case. What are the problems with cryptocurrencies? For the CNMV, crypto-assets are a high-risk investment product. Regarding stability, it is estimated that the process could be susceptible to attacks that attempt to change the data in the chain; although in this sense, varying a blockchain (or blockchain) could be somewhat difficult for the practical integrity of users. But, should they be able to circumvent the process, users could lose all of their crypto assets. Conclusion: Every day we see that many companies are starting to join the world of cryptocurrencies and NFT, these new projects come with different advertising campaigns. But it is important to be careful and before getting fully involved with the project, we must be fully informed of what is going on and as always never put money that we can not afford to lose.

The year 2009 marked the beginning of the cryptocurrency era, starting with the first of them all, Bitcoin. From that date until today, competitors called altcoins to continue to be added. To the point that to date there are more than 3000 different types of digital currencies in the market, which offer us different things and it is important to taste which are the most popular types of cryptocurrencies and which are vital to know before investing. Below, we present the ones that are considered to be the main cryptocurrencies: Bitcoin Bitcoin was created in 2009 by an anonymous personality under the pseudonym Satoshi Nakamoto. Its main goal was to be used as a payment method that is not affected by government oversight, transfer delays, or transaction fees. Currently, its use is mainly as a form of investment, but its high volatility prevents it from being a legal alternative to fiat money. Ethereum Its chain enables it to generate applications based on blockchain technology, as well as its tokens. Ether takes care of granting the primary fuel to process the network’s decentralized applications. And, transaction prices are calculated based on their difficulty, bandwidth, and storage. It is considered the most important after bitcoin, plus the implementation of smart contracts is what put it here. In its network is where we can find most of the NFTs. Dogecoin Currently, 128.2 billion DOGE are in transit, and each coin is divided into 100,000,000 decimal places. The virtue of this cryptocurrency is that it is cheap because one coin costs only $0.05037. Dogecoin mining rewards have decreased from $1,000,000 to $10,000. Cardano Every single transaction is persistently, securely, and transparently recorded on the Cardano blockchain. Each ADA stored in the digital wallet can be ordered in the pool or hypothecated to the same pool to increase the possibility of earning rewards. One of its attractions is that anyone who owns Cardano owns shares in its network, plus this blockchain is considered scientific and one of the most eco-friendly out there. Litecoin The Litecoin virtual currency is an open-source peer-to-peer currency. This means that Litecoin’s source code is public and anyone can access it. It is an open-source, fully decentralized, universal payment network and an administrator-free transaction system. It is a project that has stood out for its transparency in the function of each of its stages. Conclusion: We remind you that in no way this top is this an investment recommendation, it is up to each one to do their research and never invest money that we can not allow ourselves to lose. This top is to publicize the cryptocurrencies that are considered the most important for what they have brought to this decentralized world and because their projects have stood out.

In the world of cryptocurrencies, scammers are always coming up with new ways to attack and scam people who are not careful or who are new to this world. So if you are interested in this world, it is important that you know the risks and the most common scams so that you can detect them in time and easier. There are many types of cryptocurrency scams. The most common ones include the following: Fake websites These websites try to have a name or domain similar to popular or somewhat well-known exchanges but with some small differences, even internally they look very similar. These fake cryptocurrency sites operate in one of two ways: Phishing:The data you enter such as your cryptocurrency wallet password or recovery phrase and other financial information ends up in the scammers’ database. Like outright theft:  A site that tricks you by promising you a large return, but when you later want to withdraw your money, the site may close the application and even disappear at some point. Phishing scams This scam seeks to go straight for the private keys of cryptocurrency wallets. One of the methods that go hand in hand with the one mentioned above is sending an email to capture the recipients and make them enter the fake website and requests your private information, as they have it they steal the cryptocurrencies from the wallets Inflate and sell strategies This happens by promoting a particular coin or token through emails or social media, this way people log in and inflate the price. At this point, the fraudsters sell their holdings, which causes a drop in the asset’s value. Fake applications Another cryptocurrency scam is through fake apps available for download on Google Play and Apple’s App Store, which promise a way to make easy money through cryptocurrencies. Fake celebrities behind the scheme Sometimes, cryptocurrency scammers pose as celebrities to grab attention and sell phantom projects that don’t exist to inexperienced investors. Gift scams They happen when scammers promise to match or multiply the cryptocurrencies sent to them in what is known as a one-time opportunity gift scam. Fraudulent Initial Coin Offerings (ICOs) An initial coin offering or ICO is a way for cryptocurrency startups to raise money from prospective users. Customers are promised one-time profits, exclusive costs, and the opportunity to sell at a higher price at launch. But it ends up being a project that does not exist or has no real basis and after receiving the initial investment they abandon the project. How to Detect Cryptocurrency Scams Now these are some of the things you have to notice about a project to realize that it is a possible scam so it is better to take these precautions Promises of assured returns A mediocre or non-existent technical white paper Excessive and bad marketing Anonymous team members Free money or exaggerated gifts How to protect yourself from cryptocurrency scams We also share with you some extra barriers to being more secure Protect your wallet with well-thought-out passwords Invest in projects you understand Beware of misleading advertising Ignore cold calls Download apps from verified sources Research Conclusion: When navigating this world we recommend you be careful where you put your money, we remind you that it is important regardless of whether it is a scam or not when investing we never have to do it with money we can’t afford to lose.