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.
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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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Peter Schiff doubles down on his claim that Bitcoin is a "pump-and-dump" scheme in his most recent tweet
2019-12-5 08:59 | |
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One of the things which causes undue consternation for many holders of Bitcoin and cryptocurrency is its taxable status. While some naysayers still consider the whole industry a tax avoidance scheme, most users just want to make sure they comply with the rules.
2019-12-5 16:00 | |
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PlusToken could be the real reason why the BTC continues to bleed
2019-12-4 09:00 | |
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MAS chairman Tharman Shanmugaratnam gets targeted by crypto scammers who use his name to promote their Bitcoin trading scheme
2019-12-4 20:54 | |
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The creators of the PLUS token Ponzi scheme were apprehended by Chinese authorities earlier this year for scamming a record $3B in Bitcoin. Recent analysts have discovered that these funds are being regularly dumped on the market.
2019-11-29 20:43 | |
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The bitcoin price rally in the summer of 2019 may have been the work of PlusToken investors. The scam, highly influential in China, but largely invisible to Western traders and social media, benefited greatly from the hype and growing BTC prices.
2019-11-27 15:24 | |
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Special thanks to Justin Drake and Jinglan Wang for feedback In 2014, I made a post and a presentation with a list of hard problems in math, computer science and economics that I thought were important for the cryptocurrency space (as I then called it) to be able to reach maturity.
2019-11-25 04:03 | |
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Bitcoin kept bleeding on Friday, extending the gradual losses from the past weeks. BTC broke below $7,000 just around the time US markets opened on Friday, sliding to $6,791. 46. Is the Bitcoin Whale the Plus Token Scammer? The reason for the breakdown of bitcoin may be the wallet of the Plus Token scam, which is once again selling its haul through Huobi.
2019-11-22 19:22 | |
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Bitcoin shows signs of a pump-and-dump scheme. A renowned analyst says BTC… The post China Hype Implodes as Bitcoin Completely Retraces to Pre-Rally Levels appeared first on CCN.com
2019-11-22 00:08 | |
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Gold proponent Peter Schiff thinks that Bitcoin evaporating its 40 percent pump proves that it's a pump-and-dump scheme
2019-11-21 20:42 | |
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MMM is a Russian-born ponzi scheme that operated for 3 years and moved up to USD 150 million per day. According to recent studies, the MMM member who benefited most from the scheme collected 700 thousand dollars.
2019-11-19 15:55 | |
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Joerg Molt is one of several individuals claiming to be the identity behind the pseudonym, Satoshi Nakamoto. He is also still operating what appears to be a Ponzi scheme from 2017, potentially defrauding seniors with a so-called ‘Bitcoin Pension’ plan.
2019-11-15 04:27 | |
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As reported by PressTV, the Iranian news outlet, on November 13th, authorities in Iran are offering bounties to people who expose unauthorized crypto mining operations. The announcement was made by an Energy Ministry’s spokesman at an interview with IRIB News.
2019-11-14 20:28 | |
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A Dutch judge has ordered Facebook to remove fake Bitcoin ads using the image of the billionaire owner of the Big Brother franchise, John de Mol. The Dutch tycoon sued Facebook after he found an elaborate scheme that used his likeness to scam investors of millions of dollars.
2019-11-13 05:10 | |
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Once beloved, now forsaken, BitConnect was the hottest thing in the market for a good year before the broader market realized this was a wolf in sheep’s clothing. People all over the world fell victim to the exuberance of the scheme, offering a whopping one percent daily compounded yield.
2019-11-5 20:00 | |
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Maltese financial regulator, the Malta Financial Services Authority (MFSA), has made it clear to residents that “Bitcoin Future,” a new Bitcoin Ponzi scheme that claims to be endorsed by popular celebrities and regulators, is a fake investment platform and has not been licensed by the MFSA, according to a press release on October 31, 2019.
2019-11-1 22:00 | |
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Peter Schiff trashed hodlers on Tuesday by claiming that whales are simply just offloading their bags. The gold pundit appears to be indirectly suggesting that bitcoin is the ultimate pump and dump scheme.
2019-10-31 05:18 | |
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Third Russian nuclear scientist sentenced for role in Bitcoin mining scheme
2019-10-26 18:07 | |
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Bitcoin has not had the best of weeks so far but its 8% slide is just a blip compared to what the US Federal Reserve has been doing recently. The central bank has ramped up its bailout or ‘repo’ scheme by injecting more money into the financial system.
2019-10-25 12:00 | |
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Some still assert that the launch of two bitcoin futures products crashed markets in 2017 as it was the first time investors could short the asset. What they have done has completely changed the landscape two years later.
2019-10-24 11:00 | |
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The CFTC has reissued previous advice to help the public evaluate the legitimacy of Bitcoin and cryptocurrency investment opportunities. The warning comes in the wake of a takedown of a company suspected of defrauding $11 million from investors.
2019-10-19 08:46 | |
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More than $17 trillion is currently stuck in global negative-yielding bonds, prompting many economists to speculate over the possibility of grave macroeconomic risks in the long run, and potentially moving their money to Bitcoin and other alternative assets.
2019-10-18 09:18 | |
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The United States Commodity Futures Trading Commission (CFTC) has taken action against Circle Society, Corp and its founder, David Gilbert Saffron for defrauding people through a Ponzi scheme disguised as a bitcoin-powered $11 million binary options trading project.
2019-10-18 09:00 | |
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A Las Vegas man is charged with raising at least $11 million from cryptocurrency investors he promised to trade binary options for, and make gains of up to 300%. According to the charges the money was sent from new clients to previous ones in a classic Ponzi scheme manner.
2019-10-18 04:26 | |
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Circle Society, Corp. , and its owner, David Gilbert Saffron, have been charged with fraud relating to an Bitcoin and crypto asset investment scheme. The Nevada-based firm is suspected of operating an $11 million binary options scheme.
2019-10-18 23:00 | |
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A man in the US has been charged for allegedly operating an $11 million Bitcoin Ponzi scheme. The US Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action yesterday, charging David Gilbert Saffron of Las Vegas, and Circle Society, Corp, with “fraudulent solicitation, misappropriation, and registration violations.
2019-10-17 14:34 | |
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A San Francisco-based cryptocurrency startup has just announced that is has raised $50 million from investors. Layer 1’s aim is to operate an all-in-house Bitcoin mining facility in West Texas.
2019-10-16 01:00 | |
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When your favorite celebrities appear to be raking in the cash, it can be hard to sit back and avoid being swept up by yet another get rich quick scheme being promoted by one. The latest of these ploys is Bitcoin Revolution, an app that claims to generate money on autopilot.
2019-10-15 13:14 | |
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Individuals with past and present roles at OpenAI and Google DeepMind called for the protection of critics and whistleblowers on June 4. Authors of an open letter urged AI companies not to enter agreements that block criticism or retaliate against criticism by hindering economic benefits.
Quick Take Farside data shows that on June 4, Bitcoin exchange-traded funds (ETFs) saw significant inflows, with a total of $886. 6 million. This makes it the second-largest day of inflows since launch, trailing only March 12, which saw over $1 billion in inflows.
Sotheby’s will auction rare Bored Ape Yacht Club NFTs, including the iconic Ape #8552 with gold fur, on June 18. This event will test market demand for Ape-themed digital assets. The post Sotheby’s Bored Ape NFT Auction: A Test of Market Resilience appeared first on NFT News Today.
Marquette University professor emeritus David Krause told PBS Wisconsin on May 31 that other US states could follow Wisconsin in investing in spot Bitcoin ETFs. Krause called Bitcoin a “good investment” for state pension funds, emphasizing its role in diversification, its high potential upside returns, and its use as a hedge against inflation.
Onchain Highlights DEFINITION: Bitcoin’s active addresses are the number of unique addresses that were active in the network, either as a sender or receiver. Only addresses that were active in successful transactions are counted.
Six companies updated their spot Ethereum ETF S-1 registration statements on May 31, with 21 Shares notably dropping Ark Invest from its filing. The relevant filing renames the “Ark 21Shares Ethereum ETF” to the “21Shares Core Ethereum ETF.
BlackRock amended the S-1 registration statement for its spot Ethereum ETF in a May 29 filing, marking a step toward approval. The filing builds on BlackRock’s original registration statement, which was initially filed in November 2023.