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That call never comes. This was the appalling experience of one Which? We’ve obtained exclusive information from police fraud reporting centre Action Fraud, which exhibits the massive scale of the problem. There have been 1,560 instances of cryptocurrency investment frauds reported in the first six months of 2019 alone. In the same period, there were 212 reports of investment fraud the place celebrity endorsement was particularly cited by the sufferer as an enabler of the scam. Action Fraud is a self-reporting tool now now not utilized in Scotland, so it’s probably that these alarming figures are in fact underrepresenting the dimensions of the problem. Bitcoin is a cryptocurrency – a form of digital cash which could be bought with other currencies, traded for them and (the place retailers settle for it) used to purchase goods and companies. Cryptocurrencies corresponding to bitcoin run on a expertise referred to as blockchain – primarily a huge on-line database of transactions.