Wisconsin launches an investment scam tracker to combat crypto fraud

  • Wisconsin DFI launches tracker to combat crypto and investment fraud.
  • Nearly $3.55M was lost to fraud in Wisconsin from Jan 2022 to June 2024.
  • Tracker updates regularly and it is searchable by the name DFI Investment Scam Tracker.

The Wisconsin Department of Financial Institutions (DFI) has introduced a new investment scam tracker aimed at protecting investors from crypto and investment fraud.

Officially launched on July 30, this publicly accessible tool is designed to curb deceptive practices in the financial sector by utilizing consumer complaints to provide crucial information about potential scams.

Tracker to enhance transparency and awareness

Between January 2022 and June 2024, Wisconsinites reported losses totalling nearly $3.55 million due to various forms of financial fraud, including cryptocurrency scams.

The DFI’s new tracker addresses this issue by consolidating data from victim reports to alert the public about potential threats and fraudulent schemes.

The investment scam tracker, updated regularly, will collect data on scams such as “pig butchering” and fraudulent crypto trading platforms. This proactive measure aims to make it more challenging for scammers to target unsuspecting investors by increasing transparency and awareness.

DFI Secretary Cheryll Olson-Collins emphasized the importance of the tracker in combating fraud, stating that the DFI is committed to shining a light on the ruthless predators and protecting consumers and investors through the new investment scam tracker, combined with rigorous enforcement efforts.

Olson-Collins also warned that cryptocurrency transactions are often untraceable and irreversible, urging citizens to avoid sharing personal financial information with unknown individuals or businesses.

The tracker is available online as ‘DFI Investment Scam Tracker’

The tracker is searchable by the name, DFI Investment Scam Tracker and it provides a valuable resource for those considering investment opportunities.

The DFI encourages individuals to use this tool and exercise caution, particularly when dealing with online offers of high returns.

In conjunction with the new tracker, the Federal Bureau of Investigation recently reiterated the importance of using registered cryptocurrency services that comply with Know Your Customer and Anti-Money Laundering regulations to avoid falling victim to fraud.

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Palpable excitement as Solana-based gambling meme coin Backjack (JACK) launches today

  • Blackjack ($JACK) launches today on Solana with an 85% fair launch model.
  • The coin embodies high-risk gambling with a total supply of 100,000,000 tokens.
  • JACK token will be available on Raydium and Jupiter.

As the clock ticks down to the highly-anticipated launch of Blackjack ($JACK), the crypto community buzzes with excitement.

This innovative meme coin, rooted in the glamorous and gritty world of Las Vegas, promises to shake up the market with its unique narrative and bold philosophy.

Launching today on the Solana network, Blackjack is poised to make waves in the decentralized finance (DeFi) space.

Blackjack: a gamble in the digital world

Blackjack ($JACK) is more than just a meme coin; it’s a gamble in the digital realm with a high-stakes narrative.

Born from the shadowed alleys of Las Vegas, where neon lights flicker and the thrill of the gamble is ever-present, Blackjack embodies the spirit of risk and reward.

With a philosophy that declares “The only way out is all in,” Blackjack is designed for those who thrive on edge-of-your-seat excitement and high-risk ventures.

This cryptocurrency’s allure lies in its embodiment of the degenerate gambler’s ethos. Blackjack, the feline mascot, represents the unpredictable and often chaotic nature of high-stakes gambling. He has nine lives and a million ways to win, reflecting the coin’s promise of numerous opportunities for substantial gains.

The coin is not merely about financial investment; it’s about embracing a lifestyle where risks are taken with the hope of a big win.

The $JACK token is launching on the Solana network with an 85% fair launch model, which emphasizes accessibility and fairness for all participants.

With a total supply of 100,000,000 tokens, the coin will be listed on Raydium, and the liquidity pool event is set to commence today.

Investors and enthusiasts can also purchase $JACK on Jupiter, ensuring that the coin is widely available from the outset.

The thrill of the gamble

Blackjack’s narrative and tokenomics are designed to appeal to those who view life as a series of high-stakes gambles. The coin’s backstory emphasizes the thrill of the casino, the unpredictability of fortune, and the importance of embracing risk.

For Blackjack, every bet is an opportunity to challenge fate and come out ahead, a philosophy that is mirrored in the coin’s design and marketing.

The launch of $JACK comes at a time when the cryptocurrency market is ripe for innovation. With its unique approach and strong thematic elements, Blackjack seeks to carve out a niche in the crowded world of digital assets.

The coin’s emphasis on degenerate gambling and high-risk strategies resonates with a segment of the crypto community that values bold moves and the potential for significant rewards.

The excitement surrounding $JACK’s launch reflects a broader trend of integrating narrative and personality into cryptocurrency projects.

By aligning itself with the glamorous and unpredictable nature of Las Vegas gambling, Blackjack is positioned to attract both seasoned investors and those new to the crypto space who are looking for a thrilling new venture.

As the countdown reaches zero and the $JACK token becomes available for trading, all eyes will be on this new entrant to see if it can deliver on its promise of high-risk, high-reward excitement.

Whether you’re a seasoned gambler or a crypto enthusiast looking for the next big thing, Blackjack ($JACK) offers a unique opportunity to be part of a bold and daring experiment in the world of digital finance.

For more information about Blackjack and its presale, visit its official website.

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Bybit to host a star-studded livestream on innovations in crypto and AI

  • Bybit planning a livestream to explore Web3 innovations and AI integration.
  • Key speakers from Solana, Bybit, TON, and others will discuss blockchain advancements.
  • Participants can win up to $500 in crypto and additional rewards by sharing the event.

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is set to host an exciting livestream titled “Blinks, AI, Ignition: Bridging Web3 and Web2” on July 31, 2024, at 10 AM UTC.

This event aims to explore cutting-edge crypto innovations and the integration of blockchain applications into traditional digital environments like Facebook and Twitter.

The hour-long session streamed via Bybit’s platform, will spotlight developments in social ecosystems and artificial intelligence, showcasing how these technologies can enhance productivity and ownership for content creators and small businesses globally.

A key highlight will be the discussion on unlocking liquidity using BTC as collateral through the innovative FBTC’s Ignition system.

Bybit’s Web3 Evangelist MK Chin emphasized the significance of this event, stating that the livestream will highlight groundbreaking technologies and reinforce the seamless integration of Web2 and Web3 realms.

A star-studded lineup of speakers

The event boasts an impressive lineup of speakers, including Soju from Jupiter, the largest aggregator on Solana, and FP Lee from the new Solana liquid staking protocol, Sanctum.

Emily Bao, a Web3 Evangelist at Bybit, will also share her insights. Additionally, representatives from top memecoin Mongy, and Mantle, the second-largest Ethereum L2, will participate.

The session will also feature up-and-coming stars from the TON ecosystem, GM Network, and Revox, who will discuss Telegram’s vision for blockchain payments for its 900 million users.

Guests from Ignition will explain the creation of an omnichain Bitcoin asset pegged to elevate Bitcoin’s accessibility and utility.

Livestream participants could earn up to $500

Participants have the chance to win prizes worth up to $500 in crypto by engaging in activities such as asking questions and sharing the livestream.

Further rewards are available by sharing the Mongy campaign Blink on X, with users eligible for a share of an extra 2,000,000 MEME2O points if their Blink has a rare cover.

The livestream event promises to be a groundbreaking exploration of how AI and blockchain can create new opportunities in the digital space.

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