2019-6-18 20:45 |
22,858.822 bitcoin were misappropriated under Control-Finance's Ponzi-like scheme.
Similar to Notcoin - Blum - Airdrops In 2024
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The U.S. Department of Justice is set to reimburse victims of a wire fraud scheme, aided by the tripling value of Bitcoin since the cryptocurrency was seized. The scheme, which targeted real estate transactions, resulted in millions of dollars in…
2024-12-17 19:34 | |
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Kraken Bitcoin strategist Pierre Rochard debates professor of computer science Jorge Stolfi on whether Bitcoin meets the definition of a Ponzi scheme.
2021-3-6 22:30 | |
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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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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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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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Amit Bhardwaj, a man accused of running a $300-million Bitcoin Ponzi scheme, has reportedly been granted bail on medical grounds, citing a deteriorating kidney condition. The former entrepreneur, who was arrested in Bangkok last year, was reportedly admitted into Apollo Hospital in India, maintaning he needed regular dialysis treatment to treat his condition.
2019-4-4 13:46 | |
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$68. 42 Million Stolen In Bitcoin Scheme Since Bitcoin’s inception, a mere decade ago, malicious users of the world’s first blockchain have sought to capitalize on the pseudonymous and anti-governmental nature of the Bitcoin Network and other crypto platforms.
2018-11-15 09:00 | |
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A Colorado resident Dillon Michael Dean used his UK registered firm, The Entrepreneurs Headquarters Limited (TEH) in April 2018 to orchestrate a fraudulent bitcoin investment scheme that succeeded in generating a whopping $499,264.
2018-7-26 20:00 | |
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Trump’s new task force to police crypto, Binance gets $1.4 million for Japanese flood, Kodak admits lies on crypto mining scheme & Black Rock accidentally boost Bitcoin prices
2018-7-23 22:43 | |
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Trump’s new task force to police crypto, Binance gets $1.4 million for Japanese flood, Kodak admits lies on crypto mining scheme & Black Rock accidentally boost Bitcoin prices
2018-7-20 22:07 | |
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Mainstream media, financial bigwigs, and Congressman Brad Sherman never tire of eye-popping displays of moral sanctitude as they proclaim Bitcoin to be a digital pyramid scheme; the scam of the century; something that needs to be outlawed to protect the ‘kidz’.
2018-7-20 19:06 | |
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In a somewhat surprising twist, Amit Bhardwaj, the man behind the notorious Bitcoin Ponzi scheme, has pledged to pay back his victims in Indian rupees (INR) according to report on July 18, 2018. The Schemer’s Path Towards Prison Bhardwaj caught the attention of police and global media houses in April 2018, when the police arrested him for setting up an.
2018-7-20 19:00 | |
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Amit Bhardwaj, the Ponzi scheme kingpin accused of scamming thousands by promising outlandish returns on investments in Bitcoins, has offered to pay back investors their initial investments in Indian rupees even as one of the country’s largest cryptocurrency exchanges, Zebpay, has been roped in to help with the investigation. What Was Bharadwaj's Ponzi Scheme? Over […]
2018-7-20 13:06 | |
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It’s now official. The Kodak-branded cryptocurrency mining computer — dubbed the KashMiner — is going the way of the iconic Kodak camera as it is about to go extinct even before it started rolling out.
2018-7-19 16:39 | |
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News The alleged bitcoin Ponzi kingpin, Amit Bhardwaj, has reportedly offered to pay back the initial investments in Indian rupees to those who lost money through his scheme. However, victims want the current value of their cryptocurrencies, not the initial investments.
2018-7-19 07:46 | |
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The alleged bitcoin Ponzi kingpin, Amit Bhardwaj, has reportedly offered to pay back the initial investments in Indian rupees to those who lost money through his scheme. However, victims want the current value of their cryptocurrencies, not the initial investments.
2018-7-19 05:30 | |
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The U. S. Security and Exchange Commission (SEC) has put a stop to a Kodak-branded cryptocurrency mining scheme including a Kodak KashMiner device, the company confirmed on July 16, 2018. The KashMiner “Scam” Spotlite USA, the company behind the product, first put the bitcoin mining computer named Kodak KashMiner on display at the Kodak booth at the Consumer Electronics Show (CES).
2018-7-19 20:00 | |
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A Bitcoin miner project operating under the Kodak brand has collapsed. The company behind the scheme has said that it has been stopped from proceeding any further by the SEC. Unrealistic Promises and Incorrect Math In January, a Bitcoin mining computer called the Kodak KashMiner was unveiled at the CES technology show held in Las Vegas.
2018-7-18 07:00 | |
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The Kodak-branded bitcoin mining rigs unveiled at the CES technology trade show this year will no longer be available to mine for customers. Amid scam accusations, the company behind the Kodak Kashminer crypto mining scheme has reportedly confirmed the plan has collapsed, citing intervention by the U.
2018-7-18 03:51 | |
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The Kodak-branded Bitcoin miner, KashMiner, is officially dead – which is great because it never made sense in the first place. It was supposed to be a machine that you could “hire” – after paying an up-front fee of close to $3,500.
2018-7-17 12:03 | |
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KashMiner, a Bitcoin mining computer which was on display on Kodak’s official stand at the CES technology show in Las Vegas in January, turned out to be a misleading product with unachievable advertised profits.
2018-7-17 01:30 | |
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16 July 2018 Image caption The Kodak KashMiner appeared at CES in January The company behind a Kodak-branded crypto-currency mining scheme has confirmed the plan has collapsed. In January, a Bitcoin mining computer labelled Kodak KashMiner was on display on Kodak’s official stand at the CES technology show in Las Vegas. ‘Unrealistic’ plans In its
2018-7-16 20:59 | |
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And the crypto community promptly had a field day with those remarks. Back in February, he called bitcoin “a combination of a bubble, a Ponzi scheme and an environmental disaster” during a lecture.
2018-7-14 14:56 | |
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Notably, the accused used bitcoin – including funds they mined themselves – to pay for web domains and other services utilized during their alleged scheme. Unsurprisingly, the news quickly spread through social media, inciting a mix of incredulity, suspicion and – in some cases – amusement from observers. Rep. Emanuel Cleaver’s tweet, as might be
2018-7-14 14:13 | |
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Porn viewers are the recent targets of a new scam that attempts to blackmail them with the aim of extorting a sum equivalent to $1,900. To make it even more complicated, the people behind the scam are only accepting payments made in the form of bitcoins. How Are They Doing This? The scammers are using […]
2018-7-13 22:29 | |
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In the grand scheme of things, cryptocurrency has been around for the blink of an eye. The story of Bitcoin starts with the global financial crisis of 2008 and an anonymous programmer called Satoshi Nakamoto, who decided that it was possible to build a better financial system. Satoshi and his loyal band of followers attempted […]
2018-7-13 02:17 | |
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YouTube, a video-sharing site owned by Google, just found itself involved in a lawsuit filed with the Southern District Court of Florida, on July 3, against BitConnect, which is a cryptocurrency lending platform built over a Ponzi scheme.
2018-7-11 16:19 | |
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Local police, recently, arrested a group of Chinese technology professionals in Da Lian City over charges of running a $2 million illegal crypto mining scheme. Of the 20 suspects, 11 were released on bail while 9 others have been jailed.
2018-7-10 16:14 | |
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BIS Whales Reveal Their True Thinking In a strongly-worded statement, the Bank of International Settlements (BIS) head Agustin Carstens has said that young people must “stop trying to create money. ” Carstens said that cryptocurrencies are “ponzi scheme[s]” destined to “fail dramatically.
2018-7-9 21:05 | |
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Police in Istanbul has arrested the founders of Hipper, a company that launched the Turkish “national” coin Turcoin. The two arrested were involved in a cryptocurrency Ponzi scheme and cheated over 10,000 victims.
2018-7-6 16:14 | |
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The opposition urges the Supreme Court to join an ongoing investigation of the Bitconnect fraudulent scheme and the theft of 200 Bitcoins, claiming the ruling party put political pressure on investigators.
2018-7-6 14:52 | |
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The general manager of the Bank of International Settlements (BIS) Agustin Carstens has renewed the institution’s attacks on cryptocurrency, calling them “a bubble, a Ponzi scheme and an environmental disaster.
2018-7-5 17:00 | |
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The New York Posts John Crudele has published an article that discusses some reasoning for his theory that Bitcoin is about to fall out of itself and totally lose all value. Whilst this is a bold and frankly unrealistic claim, this is something that we should explore.
2018-7-5 12:30 | |
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South Korea finally responded to recent rumors stating that it will impose a 10 percent tax on cryptocurrency trading profits. According to a recent report, the country’s Ministry of Finance had already denied the existence of such a taxation scheme.
2018-6-26 14:49 | |
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The mainstream media narrative that Bitcoin is a “ponzi scheme” and bagholders are selling is false, new data showing Bitcoin user ‘hodl’ behavior claims. Whales Are ‘Hodling’ The findings, uploaded to Twitter by commentator and researcher BambouClub June 25, focuses on so-called ‘Bitcoin days destroyed’ (BDD) as a variable by which to judge investor sentiment, which he explains is “totally unaffected” by bitcoin price .
2018-6-25 19:00 | |
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Charles Hoskinson calls out the mainstream media’s constant predictions on the death of the cryptocurrency Ponzi scheme – scam bubble on Twitter predicting an influx of trillions of dollars from institutional markets once the next round of regulation is settled.
2018-6-22 12:30 | |
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Turkey’s so called “national” crypto, Turcoin, has turned out to be a classical example of a Ponzi scheme, local media reported. The founders of the “alternative” digital currency are believed to have fled the country with millions of dollars collected from defrauded investors.
2018-6-20 01:50 | |
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Bitcoin is going down, and one prominent cryptocurrency analyst believes it’s still got a ways to go. Nevertheless, the upside potential — in the grand scheme of things — is still massive. ‘We May See a Very Different Game in Mining’ Ran Neu-Ner, founder and CEO of Onchain Capital and host of CNBC Africa’s “Crypto Trader,” believes Bitcoin has not found its bottom.
2018-6-13 14:00 | |
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