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.
Whether Carstens intended to or not, his comments came across as a bit of a competitive challenge to some in the crypto space.
And – perhaps unsurprising – some observers saw Carstens’ commentary as a sign that they should, in fact, buy more cryptocurrency.
Ultimately, Carstens’ call to stop creating new kinds of money may have actually inspired people to do the opposite.
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.
Travis Ford, the co-founder of Wolf Capital Crypto Trading Company, has been sentenced to five years in prison after being found guilty over his role in a $9.4 million crypto Ponzi scheme.
Authorities in the United States have sentenced a man to 97 months in prison for his role in defrauding investors out of more than $40 million via a crypto Ponzi scheme. According to the U.S. Department of Justice, 57-year-old Dwayne…
Nigerians have looted the office of digital asset trading platform, CBEX after hundreds of users saw their account balances plummet to zero following the exchange’s collapse. According to a report by BBC Pidgin, investors reportedly failed to withdraw their funds…
Pi Coin recently hit a $12 billion market cap, but with vanishing tokens, migration failures, and Binance listing rumors swirling, is this the beginning of something big — or the start of a slow collapse? Pi Coin’s wild ride on…
From crypto queen to global fugitive: OneCoin’s Ruja Ignatova disappeared with billions, leaving a mystery still unsolved. For eight years, the world has speculated about the fate of Ruja Ignatova: the so-called “Cryptoqueen” who vanished with billions after pitching OneCoin,…
A Brazilian citizen appeared in U.S. District Court in Seattle following extradition from Switzerland to face $290 million Bitcoin investment fraud charges. According to the press release from the US Department of Justice, Douver T. Braga pleaded not guilty to…
Is Jamie Dimon’s criticism of Bitcoin justified, or is it overshadowed by JPMorgan’s blockchain investments and data showing crypto’s decreasing role in crime? Jamie Dimon fires again When JPMorgan Chase CEO Jamie Dimon speaks, the financial world pays close attention.…