2020-1-23 17:53 |
What is bitcoin? People are saying “It’s a pyramid scheme,” or “It’s a Ponzi scheme. ” They’re right, but this isn’t your typical Ponzi Scheme. The first two are well-known scams. origin »
Bitcoin price in Telegram @btc_price_every_hour
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Detractors claim Bitcoin to be a Ponzi scheme. A history of such schemes shows this to be untrue. Yet, paradoxically, Bitcoin is being used to perpetuate the largest Ponzi scheme in history. The second report in the "FUD Fighters" series powered by HIVE Digital Technologies LTD.
2024-5-19 00:12 | |
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Bitcoin mining giant, Bitmain Technologies, is in the news again for something negative. This time around, there are reports that the bitcoin mining company is involved with a crypto Ponzi scheme, BitClub Network, causing the company to come under the radar of the U.
2020-1-23 00:00 | |
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Bitconnect, one of the most notorious and widespread pyramid schemes in crypto history, crashed two years ago today. BitConnect Scheme Unraveled as Bitcoin Moved Away from Peak Prices The crypto lending scheme, known for its mass-audience meetings and pervasive messages, promised huge rates of return, depending on always-booming BTC prices.
2020-1-16 17:30 | |
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The regulators are unable to find the man responsible for a $140 million Bitcoin pyramid scheme
2020-1-7 18:40 | |
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The U. S. Commodity Futures Trading Commission (CFTC) and South Korean regulators continue investigating the UK-based company Control-Finance Ltd, and its principal, Benjamin Reynolds, for a $147,000 Ponzi scheme involving Bitcoin.
2020-1-7 15:00 | |
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2019 has come to an end and we have entered a new decade. During the past decade, Bitcoin went through three bull cycles, where each one has been of more than 10,000% of upside, with as much as 300,000%.
2020-1-2 20:39 | |
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Lending Tree Chier Economist, Tendayi Kapfidze recently commented on Bitcoin, calling it a pyramid scheme, so here is why his view may be wrong. Over the course of the last 11 years, Bitcoin has traveled a long way for an unknown new invention to the largest cryptocurrency in the world, with a market cap of $130 billion.
2020-1-2 19:08 | |
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Chief economist calls Bitcoin a pyramid scheme, but before you denounce him as a non-believer, ask yourself: doesn't he have a point? The post Bitcoin, a Pyramid Scheme? Pick Up Those Blocks and I’ll Tell You appeared first on CCN.com
2020-1-3 14:49 | |
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Tendayi Kapfidze is certain that Bitcoin is simply a pyramid scheme that struggles to find a use case after making its early adopters rich
2020-1-2 10:33 | |
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The biggest $3 billion Chinese-Ponzi scheme PlusToken might be the reason behind the 50% drop in Bitcoin price from its 2019 high of $13,900. But now, the Ponzi could put selling pressure on Ethereum as well.
2019-12-19 16:48 | |
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On Monday, the blockchain surveillance company Chainalysis published an excerpt from the firm’s upcoming crime report that will publish in January. According to the Chainalysis research, the Ponzi scheme called Plustoken not only defrauded investors out of $3 billion but the scam “may also be driving down the price of bitcoin.
2019-12-17 16:00 | |
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According to the Chainalysis study, the current downward movement of bitcoin is caused by a massive sale of BTC by the organizers of the Chinese Ponzy scheme.
2019-12-18 12:24 | |
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Blockchain compliance firm Chainalysis has issued a new report suggesting that PlusToken, the multi-billion-dollar Ponzi scheme widely suspected to have been driving down the price of Bitcoin with mass liquidations, could have misappropriated less crypto than previously alleged.
2019-12-17 12:00 | |
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As bitcoin and ether prices fell below technically significant levels, some traders are citing fear emanating from a report about the alleged PlusToken Ponzi scheme as the reason for the plunge
2019-12-17 01:47 | |
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The Chinese PlusToken scam may have influenced Bitcoin’s price, Chainalysis hypothesizes in a blog post. Though it’s unlikely to be the main factor, movements of stolen funds correlate very well with market downturns.
2019-12-17 23:17 | |
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Another week, another round of Crypto Tidbits. Bitcoin, again, saw an effectively flat week, losing a few percent in the past seven days (which isn’t much in the grand scheme of things), according to the latest data from Coin360.
2019-12-14 15:00 | |
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A federal judge has granted a CFTC preliminary injunction against an alleged $11 million Bitcoin Ponzi scheme
2019-12-13 14:13 | |
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Peter Schiff thinks Bitcoin is a Ponzi scheme that struggles to find new buyers to inject fresh money into it
2019-12-12 17:11 | |
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Bitcoin has in the past been called a Ponzi scheme, a scam, a tool for money laundering and criminal activities, and even has been dubbed rat poison by the Oracle of Omaha himself, Warren Buffett.
2019-12-11 20:00 | |
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Bitcoin hackers have officially attacked a data center in Argentina called San Luis, reports the Next Web. The end result? A total of 7,700 GB of data were initially compromised since November 25, 2019.
2019-12-9 21:35 | |
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Brazilian police have shut down a purported bitcoin investment scheme they allege stole 1.5 billion Brazilian reals.
2019-12-10 16:33 | |
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Officials from the Texas State Securities Board made a move against a misleading crypto ad on Craigslist. They filed a cease and desist order against the promoter to take the ad down. This was the fourth time that the division has had to deal with a situation like this since the beginning of its latest […]
2019-8-9 16:58 | |
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The steady growth of bitcoin and the exhortations of traders make it clear that the Corn is now going according to the Pump & Dump scheme. The only question is, from what level is it ready to collapse? It’s no secret that the institutionals has been doing the weather for several months now. These are […]
2019-8-9 18:56 | |
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Somewhere, there's a crypto scammer ruing the decision to pitch a fraudulent investment scheme to Bitcoin educator Ben Perrin. The Canadian YouTuber turned the tables on the scammer in epic fashion, defrauding the would-be thief and donating the proceeds to charity.
2019-8-7 21:32 | |
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Self-proclaimed bitcoin inventor Craig Wright issued another ominous warning to crypto scammers: Your con game is over, and your bitcoin can be seized. In a foreboding August 2 blog post, Wright says the grifters in the crypto space are gasping their last breaths because their house of cards will soon crumble.
2019-8-4 23:30 | |
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Self-proclaimed bitcoin inventor Craig Wright issued another ominous warning to crypto scammers: Your con game is over, and your bitcoin can be seized. In a foreboding August 2 blog post, Wright says the grifters in the crypto space are gasping their last breaths because their house of cards will soon crumble.
2019-8-3 23:30 | |
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Britain’s financial watchdog has warned investors that they have no regulatory protections to turn to when they buy or sell cryptocurrencies. According to the Financial Conduct Authority, the UK’s Financial Services Compensation Scheme does not cover cryptocurrencies such as Bitcoin and Ethereum.
2019-7-31 16:46 | |
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CoinTiger and Ticker Capital launch $15 million USDT blockchain booster fund » CryptoNinjas CoinTiger, a bitcoin and crypto asset exchange, and Ticker Capital, have announced the launch of a blockchain booster investment fund called the Unicorn Booster Scheme.
2019-7-31 23:15 | |
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Venezuela appears to be leveraging cryptocurrencies as part of a larger effort to bypass US sanctions. According to an investigation by Spanish newspaper ABC, President Nicolas Maduro and his administration are using a digital wallet app called Jetman Pay to convert tax revenue from one of the country’s main airports into Bitcoin and other cryptocurrencies.
2019-7-26 14:02 | |
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The Financial Conduct Authority (FCA), the top financial watchdog of the United Kingdom, has warned crypto enthusiasts of a scam email that has been impersonating it in a bid to lure unsuspecting investors into investing in a fake bitcoin (BTC) investment scheme, reports FT Adviser on July 22, 2019.
2019-7-24 09:00 | |
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Iran’s Economic Commission has agreed to set electricity tariffs for bitcoin mining activities based on the prices used for electricity exports. The new tariff scheme is expected to come into effect as soon as it gets approved by the Iranian Cabinet, according to a Financial Tribune report, July 21, 2019.
2019-7-23 19:00 | |
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A group of Venezuelan citizens has dragged the owners of Eagle Financial Diamond Group Inc. and Argyle Coin have been dragged to court for defrauding them through their diamond-backed crypto Ponzi scheme.
2019-7-17 17:00 | |
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China Arrests 22 in Illegal Bitcoin Scheme Bitcoin mining is still a thing in China. And according to a recent report from XinhuaNet, a Chinese press agency, so is illegal cryptocurrency mining. Due to the.
2019-7-15 08:30 | |
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Days after President Trump slammed bitcoin and the very idea of crypto, geopolitical foe Iran revealed that it is ready to unveil its own gold-backed cryptocurrency. Gold held in reserve by the Middle East country’s central bank will back the value of tokens on the blockchain of Iran’s new central bank “cryptocurrency” – which might […] The post Iran Punks Trump With Historic Gold-Backed Crypto Scheme appeared first on CCN Markets
2019-7-15 21:30 | |
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Angry South African investors who lost millions of dollars in the now-defunct Bitcoin Ponzi scheme called “Bitcoin Wallets” have looted and burned down the house of Sphelele Sgumza Mbatha, the operator of the scam project, reports the Verge on July 12, 2019.
2019-7-13 21:00 | |
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Spain’s Guardia Civil (Civil Guard) police unit has indicated that current rules in Europe are inadequate with regards to discouraging the use of Bitcoin ATMs to launder money. According to Bloomberg, this deficiency results from the fact that the owners of the Bitcoin ATMs are not required by the strict AML regulations to vet users […] The post Multi-Million Bitcoin ATM Scheme Exposes Holes in EU’s Money Laundering Net appeared first on CCN Markets
2019-7-14 08:51 | |
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Spain’s Guardia Civil (Civil Guard) police unit has indicated that current rules in Europe are inadequate with regards to discouraging the use of Bitcoin ATMs to launder money. According to Bloomberg, this deficiency results from the fact that the owners of the Bitcoin ATMs are not required by the strict AML regulations to vet users […] The post Multi-Million Bitcoin ATM Scheme Exposes Holes in EU's Money Laundering Net appeared first on CCN Markets
2019-7-13 08:51 | |
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You don’t mess with Bitcoin investors from Ladysmith or, maybe, well, you do, but your house gets torched. After several South Africans lost their money to a Bitcoin Ponzi scheme in the rural town of Ladysmith, they decided to torch the house of the alleged mastermind of the crime, Sphelele “Sgumza” Mbatha. According to reports, […]
2019-7-12 01:40 | |
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Before shutting down, Bitcoin Wallets' "manager" promised 100-percent returns on investors' money in just two weeks. Then they burned down his house.
2019-7-11 19:45 | |
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Angry victims have looted and torched the home of a man who reportedly operated an alleged Bitcoin Ponzi scheme in South Africa. Firefighters in Ladysmith, approximately 365 kilometres south of Johannesburg, were called to Sphelele “Sgumza” Mbatha’s house on Wednesday afternoon after several angry citizens set the building on fire.
2019-7-11 13:23 | |
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As the dreams of South Africans who put their money in Bitcoin Wallet hoping to double their money in 15 working days went up in smoke, so too did the property of the alleged operator of the cryptocurrency scam.
2019-7-11 12:29 | |
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The Austrian Financial Market Authority (FMA), the nation’s financial watchdog, has warned investors to be wary of Bitcoin Trader, an unlicensed bitcoin investment scheme that promises investors huge profits of $1,460, according to reports on July 10, 2019.
2019-7-11 05:00 | |
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Bitcoin-rebate startup Lolli wants to use a rebates sats stacking scheme to encourage widespread bitcoin adoption among retail shoppers. Incentivizing Shoppers for Bitcoin Adoption In late June 2019, Lolli — a browser extension service, announced a new partnership with Hotels.
2019-7-11 04:00 | |
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Acclaimed investor Peter Schiff has famously labeled bitcoin as "fool’s gold" and a "Ponzi scheme. " But the gold bug is willing to make a 180-degree turn if presented with a persuasive and convincing argument on the cryptocurrency.
2019-7-11 21:30 | |
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Bitcoin has been called many things over its 10-year lifespan. A tool for tax evaders and drug dealers, check. The world’s next safe haven, sure. But most notably, the cryptocurrency has been labeled a “Ponzi scheme” by its thousands, maybe millions of skeptics.
2019-7-9 14:00 | |
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Like all Ponzi schemes, South Africa’s cryptocurrency investment scheme Bitcoin Wallet is reportedly on the verge of collapse. The Bitcoin scam which was initially based in Kwa-Zulu Natal’s rural town of Ladysmith has allegedly run out of money to pay out to investors.
2019-7-9 13:47 | |
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The latest buzz on Twitter is the supposed police raid of the TRON offices in China. This was eventually found to be false, however, as the police were instead called to protect employees from the wrath of an angry mob.
2019-7-9 11:00 | |
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Hundreds of locals who used to eagerly gather outside the Bitcoin Wallet office in Ladysmith, South Africa are now mobbing the office to demand their money back.
2019-7-9 20:30 | |
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Singapore’s government appears set to offer tax exemptions for bitcoin and other cryptocurrencies based on a draft document published by the country’s tax body. The proposed perpetual tax holiday will reportedly apply to virtual currencies deemed to be digital payment tokens and will come into effect in 2020 if approved.
2019-7-9 17:59 | |
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Bitcoin Magazine Bitcoin Price Charges Past $77,000 as Iran Says Strait of Hormuz Fully Open Bitcoin price surged past $77,000 as Iran reopened the Strait of Hormuz under a ceasefire, easing market fears and fueling a risk-on rally that pushed BTC back toward key resistance.
When Vanity Fair published “Crypto's True Believers Demand to Be Taken Seriously” on Mar. 17, the backlash arrived within hours. Hayden Adams said he had passed on the shoot after being asked to pose in a bathrobe in a sauna.
For weeks, Bitcoin (BTC) couldn't convincingly break out of the $70,000 zone, which it kept circling as a real problem area. BTC repeatedly failed to close above that level from early February through early March, making the zone a meaningful area of resistance in a market shedding confidence.
AI is raising demand for builders, not erasing them In February, a Citadel Securities analysis using Indeed data showed software-engineer job postings rising while overall job postings stayed weaker.
A botched home invasion in the Paris suburbs on Feb. 12 marked a tactical shift in crypto's physical-threat or “wrench attack” landscape. The target, according to French media reports, was the CEO of Binance France.
A botched home invasion in the Paris suburbs on Feb. 12 marked a tactical shift in crypto's physical-threat or “wrench attack” landscape. The target, according to French media reports, was the CEO of Binance France.
Bitcoin ripped from $60,000 to above $70,000 in less than 24 hours, erasing most of a brutal 14% drawdown that had tested every bottom-calling thesis in the market. The speed of the reversal, 12% in a single session and 17% off the intraday low, was violent enough to feel like a capitulation resolved.