Top 4 Reasons to Shun the “new” BitConnect 2.0 Exchange

TheMerkle Ethereum Pyramid SchemesIn the world of cryptocurrency, there is always some sort of controversy worth keeping an eye on. While no one benefits from these dubious projects and scams, they tend to spark some interesting debates. Many people still believe BitConnect will return, albeit that seems highly unlikely. However, there is a “BitConnect 2.0 exchange” making the rounds, which is something users need to be aware of at all times. Not the Original BCC Exchange Most people who know the story behind BitConnect will recall how the project had its own exchange. This was also pretty much the only place to get

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Onecoin Leaders Indicted in the U.S. for Operating ‘Fraudulent Pyramid Scheme’

On March 8, the Department of Justice and the U.S. Attorney’s Office Southern District of New York (SDNY) announced that officials have indicted two of the top leaders of the notorious Onecoin project. The prosecutors charged Onecoin cofounders Konstantin Ignatov and Ruja Ignatova with a slew of charges in connection with defrauding investors. Konstantin Ignatov […]

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What Is FOMO3D?

Even though the cryptocurrency world allows for a lot of innovation, its underpinning technology is often used for the oddest ventures. In the case of FOMO3D, it is a very interesting game, although it’s also clearly a “legitimate” pyramid scheme which will cause at least one individual to lose a lot of money. The FOMO3D […]

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Dutch Teacher Fired for Shilling OneCoin to Students

TheMerkle_OneCoin Pyramid SchemeEven though most cryptocurrency users have all but forgotten about OneCoin by now, that doesn’t apply to everyone. Last month, a court case in the Netherlands documented how a teacher had pressured students into buying into this pyramid scheme. While greed brings out the worst in people more often than not, it is very disturbing when teachers take this route. The OneCoin Saga Continues It has become more than apparent that the OneCoin scam made plenty of victims all over the world. More specifically, thousands, if not tens of thousands, of people have lost good money because of this scam.

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