bitcoin – Fasani Corporation

This year I started to get Spam in some chat discord channels and also in my email account. Reported the spamming companies on http://econsumer.gov It turns out there is at least 155.000.000 u$ reported as being lost by Scams so far only in 2020. This is no joke, 155 million dollars, only in reported scams. Look at the following report of this year with the 5 main countries where the reports come from:

The coinRIZ.com case

I received in my chat channels a message that was affected also part of my contacts:
Due to the situation with Covid-19 we decided to give an incentive help our users to start in Crypto. You just won 0.6 BTC!
Just register and use this code: XXXBLAH to claim your price.

Wow! I just won 9.500 € (In todays aprox. exchange rate) Can you imagine someone will just give you as a present, even 500€, like this randomly? Not even in your wildest dreams unless you hit the lottery Jackpot. This should raise the first alert! No serious site will promote their services with Spam in the first place. So Spam + Win a prize is obviously a scam. But still knowing this I registered, and even uploaded a valid ID with a fake address, since I want to know how far they go with their technique: And I must say, impressive work guys. Let’s have a quick overview of the features:
* They simulated 100% being a Crypto exchange site.
* They created all user flow, added support (That they will never answer)
* Added a place to “redeem” your price and all looks like taken care of
Except when you take a detailed look:
The domain is registered some days ago. The SSL certificate is not signed with a name. Big red alert, never trust a site like this!
Their address and privacy policy, somewhere in Estonia, seems fake to me. But anyways, where is the trick, now that we come to this point?

Let’s follow, so I registered, and now I want to claim my price using their so called CODES. A way to exchange crypto without paying transaction fees, let’s put the code they sent me and claim my price. Maybe for once in my life I will get something for free.
I did it. I see 0.61 BTC in my balance. And now comes the Wow moment:

We don’t trust you the scammers claim. First deposit 0.03 BTC to unfreeze your balance! (Aprox. 400€)

We need to be very naive to think this action will unlock any possibility to recover this money. This guys are real scammers and are poison to all the internet community.
I encourage you, if you ever see this kind of actions, to report it as a fishing site so other people get a browser alert when they navigate to this site. But also to file a report in eConsumer.gov and the online authorities of your country. Because they may be some people fooled by this. Because it matters that the people behind this kind of shady businesses, specially mentioning help Covid or people in need, are heavily punished and their sites blacklisted.
There is a lot of crap in the internet. That we all know, but this activities, along with the sites that trick you disguising themselves as your bank or trusted sites are the worst of all.

Be aware of it! Never send funds or trust a site in doing business unless you research first if they are legit. And don’t be indiferent to it, flag it and report it using the tools mentioned below. Only together as a community we will fight back this madness.

Use this websites to report them:

eConsumer.gov Report an online Scam
Scamrate for coinRIZ

Report scam or fishing in FireFox / Chrome / Safari

Select Help > Report Deceptive Site
Paste the URL of the phishing site and submit report
Or simply browse the Report fishing page from Google

The text I used was something for the report was similar to the one below.
URL: coinriz.com
Comments: Fake Cryptocurrency exchange. It sends Spam using chat/email channels and it’s already in anti-spam lists. After receiving an invitation, where they claim to give “for free” in order to help people after the Covid-19 crisis, they ask you to validate your account sending a deposit of 0.03 BTC (Aprox. 400u$)

Since 22 Dec, 2020 the Ethereum yearly interest rate was upgraded to 5.5% one percent more than before making YouHodler one of the platforms that generates more interest to hold ETH.
YouHodler latest update

As an addition to latest article “Financing a web-project with Ethereum” I wanted to show how to make your Crypto assets grow a small percentage per year and also to have some additional cash per month using Stablecoins.

Stablecoins are cryptocurrencies designed to minimize volatility, relative to some “stable” asset or basket of assets. For example there is EURS that is tied to the € price also 1 EURS = 1 €.
Another one is PAX Gold that is tied to the price of one ounce of Gold and generates 8.2% APR. Both Stablecoins are a subset of Ethereum network. With PAX Gold you can if you go to London, exchange your coins, for real gold. That’s what they claim at least since I would not fly there to prove it. More than that, the point I want to make here, is that in sites like YouHodler you can make 12% APR compounding interest per year when holding EURS.

Let’s say you have 10.000 € there for one year untouched.
At the end of the year you should have 11.200 € with a 12% interest.
If you want you could extract this 1200 € to your account and have some extra cash at the end of the year for further investments of a short holidays. That is a quite interesting method to generate a passive income over the years.
Below there is a talk about stablecoins that was recorded and had 464 registered participants from 58 different countries, on April 17 2020

Now the only risk I see is that this money is not on your domains. It’s hosted in a secure wallet in the domains of a company. So what I recommend, no matter what site you choose, is to check very well and read about who is behind the company and how secured are your assets in the event something happens with the company you choose.
I use to trust the banks a lot until one day at the middle of 2001 in my hometown, Buenos Aires, the economy crashed and the banks simply will not let you take your dollars out of your acccount. Or even worse, they where converted to argentinian money, something that at that moment was the equivalent to flush your cash into the toilet.
Ater that happened to me, got an offer to work in Spain and moved to the EU in 2004, and I always take care of where I put my assets and making an analysis of the risks. Of course we are in Europe and here the protection laws, would simply not allow a bank run like that to take place, still with that assumptions it is wise to check where you put your money.

In case of YouHodler my analysis was good and as I mentioned in last post, the fact that they are a members of the BlockChain Association and the Financial Commission, and that they open profiles show an extensive and proved career in the Financial tech industry was enough for me. The fact that they have real offices in Malta but also in Switzerland is also a proof that they real and solid.

Disclaimer about 100% transparency: I’ve decided to sponsor YouHodler and will also make some videos and further analysis openly. The links starting with track.youhodler.com are affiliate links since I want to get additional cash in order to film the videos and use my time to share with my readers the road to financial freedom and to generate an additional income each year.
‘This links won’t work from Germany or from Spain due to country restrictions. But from those countries you can enter directly to youHodler.com
This does not mean that I blindly recommend this company. There are also others in the market like Nexo that offer a similar percentage (2% less on stablecoin). Feel free to explore and take your decision solely on your assumptions.

You can also earn crypto faster with Multi HODL but that is something that must be handled with care and deserves a new Blog post. For the moment I only recommend to keeping combined assets, like for example some Bitcoin and Ethereum, along with Stablecoins like EURS or PAX Gold in order to generate a passive income.
Do not try Multi HODL with the dream of making a fast buck. It’s very risky to use it, specially with the variations value of cryptocurrency, that is like trying to take control of a wild snake. This must be used with care and meditation.

Questions for my subscribers:
What do you think about this?
Would you trust an external company part of your assets provided they are trustable and generate a yearly passive income?

I bough some ETH back when it was 260 -> 280€ now it has gone up almost 100€ in two months. That was a lucky desicion. But is not always like this and it can be that due to market changes, external factors, or just the team Ethereum development roadmap that it simple goes down too.
This was a good analysis made by an user of TradingView months ago: