Aurora Labs' head of product, Matt Henderson says there is a sophisticated over-the-counter (OTC) transaction scam running about that almost duped him into losing a stash of his hard-earned cryptocurrency. Henderson detailed his personal run-in with a scam artist known as ‘Olai’ to his Twitter followers on Aug. 5. Olai's scam essentially involves tricking a victim into believing payment had been received for an OTC crypto transaction, when in fact it wasn’t. Today I nearly got caught by a fascinating and devious crypto scam during an OTC transaction. Read on to learn what happened, so you can avoid it happening …

GHash.IO, the mining pool that almost created a 51% attack back in January, recently announced some big changes, including a Scrypt mining pool that allows customers to mine Litecoin, Dogecoin, Auroracoin and Feathercoin. We spoke with the company’s chief information officer, Jeffrey Smith, over the weekend. Cointelegraph: What can we expect to see with this recent expansion into Scrypt mining? Jeffrey Smith: First of all, we think that Litecoin is a promising virtual currency, and we would like to show our support to the whole Litecoin community and give all Litecoin miners the ability to mine on the No. 1 …