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Here are the 3 ways OneCoin defrauded cryptocurrency investors for billions

The alleged ringleaders of OneCoin, the multi-billion dollar cryptocurrency-fuelled pyramid scheme, have finally been busted. On Friday, US authorities apprehended brother-and-sister duo Konstantin Ignatov and Ruja Ignatova at Los Angeles International Airport over their role in the international blockchain-based scam, reports Bloomberg. дальше »

2019-3-11 14:42


AOC’s ‘Grotesque’ Economic Plan is Just a Ripoff from Obama

Earlier this week, former Barack Obama adviser Larry Summers called Alexandria Ocasio-Cortez’s spending proposals “dangerous. ” Obama Adviser Summers: Ocasio-Cortez Plan ‘Dangerous’ for US Economy Summers, who was once the chief economist at the World Bank, told CNBC that advocating to run up the national debt – as Ocasio-Cortez and Bernie Sanders have – and let the Federal Reserve endlessly monetize the debt by “printing” more money to acquire Treasury securities is not a “realistic calculus. дальше »

2019-3-8 22:57


Don’t Listen To Crypto Critics, Bitcoin “Really Is Money”

Since Bitcoin (BTC) came into being, incumbents of the legacy world, such as Jamie Dimon or Janet Yellen, have bashed the cryptocurrency en-masse. Dimon, the chief executive of JP Morgan (ironic, I know), remarked that Bitcoin is a “fraud” and of no inherent value, while former Federal Reserve chair Yellen quipped that the asset is […] The post Don’t Listen To Crypto Critics, Bitcoin “Really Is Money” appeared first on Ethereum World News. дальше »

2019-2-16 03:36


Bolstered Infrastructure and Maturing Tech will Bring the Awaited Institutional Money to Crypto

Mike Novogratz, the former Goldman Sachs partner, and billionaire investor has been talking about the anticipated arrival of “institutional investors” for a while. The term is often thrown around by investors in the space and refers to the major financial organizations around the world that power the global economy. дальше »

2019-2-14 23:55


We need an ‘AI sidekick’ to fight malicious AI

“Now that we realize our brains can be hacked, we need an antivirus for the brain. ” Those were the words of Yuval Noah Harari, famous historian and outspoken critic of Silicon Valley. The sentence, which was part of a recent interview by Wired’s Nick Thompson with Harari and former Google design ethicist Tristan Harris, was a reference to how tech companies use AI algorithms to manipulate user behavior in profitable ways. дальше »

2019-1-8 13:18


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Former Mt. Gox CEO Could Face 10 Years in Jail Over Embezzlement

Japanese prosecutors are seeking a 10-year jail term for Mark Karpeles, the former CEO of Mt. Gox. The embattled Frenchman, who has been previously accused of diverting company money for prostitutes, business acquisitions and luxury items, is facing charges of transferring $3 million of client funds to his own account for investment in a software […] The post Former Mt. дальше »

2018-12-13 23:15


Cyprus Court Drops Money Laundering & Fraud Charges In Lawsuit Against Defunct BTC-e Operator

A Lawyer operating behalf of Alexander Vinnik, an alleged former operator of the now defunct cryptocurrency exchange BTC-e, has made the statement that a district court in Court within Cyprus has officially withdrawn a lawsuit which operated under the charges of “of fraud, money laundering, and other crimes.” This was reported by RIA Novosti, the state […] дальше »

2018-11-30 08:12


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CFTC Says Bitcoin Trader Who Lost $1.1M Will Serve 15 Months in Jail

The Commodity Futures Trading Commission (CFTC) revealed that a former employee of Consolidated Trading will serve 15 months in jail and pay $1. 1 million for Bitcoin fraud. Employer Tipped Off Authorities According to sources including US regulator the Commodity Futures Trading Commission (CFTC) and a social media commentator citing “people close” to the matter, Joseph Kim lost CT over $600,000 through stealing money to finance cryptocurrency trades gone wrong. дальше »

2018-11-12 14:00


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New Mining Manufacturer Linzhi Announces Ethereum ASIC Miner

Chen Min, the former chief chip maker at Bitcoin mining chip developer Canaan Creative, is turning her attention to Ethereum. Announcing her venture at the Ethereum Classic Summit in Seoul, South Korea, Chen’s new company, Linzhi, will focus on building cryptocurrency mining devices, and its first official products are a series of application-specific integrated circuit (ASIC) miners designed specifically for Ethereum and Ethereum Classic. дальше »

2018-9-15 01:22