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Crypto operator Cubits, or Dooga, has appointed outside administrators to work on behalf of creditors following an outage locking customer funds
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There has been a fair bit of talk regarding Onecoin over the past few years. This notorious MLM scheme is widely considered to be a scam, even though its investors will gladly claim otherwise. To make things even more interesting, there is a Onecoin ICO taking place, even though this does not appear to be […]
The post The Onecoin ICO Doesn’t Appear to be Affilaited With Onecoin appeared first on NullTX.
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In today’s edition of Bitcoin in Brief we feature stories that show cryptocurrency is still a hot topic in China, for better or worse. Additionally covered are market awareness in Germany, a mosque that accepts bitcoin donations, a new green mining farm and an MMA champ’s love for crypto. Also Read: Dominance of Big Banks in […]
The post Bitcoin in Brief Wednesday: China Fights Impersonators and Fraudsters appeared first on Bitcoin News.
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It has been a while since we last heard anything about OneCoin. Although this blatant pyramid scheme is still active, it seems the regulatory crackdown is not slowing down in the slightest. In China, nearly 100 individuals are being prosecuted for promoting the OneCoin pyramid scheme, and that number may rise. The OneCoin Cancer Needs to be Removed Anyone who has ever laid eyes on the OneCoin website or met any of its promoters can see that this project is destined to fall apart sooner or later. Any company offering investment packages with virtually guaranteed returns after a fixed amount of time isPowered by WPeMatico
Chinese prosecutors charge the last four suspects out of around 100 involved in the case against pyramid scheme OneCoin
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Even 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.Powered by WPeMatico
In the wake of the Pincoin/iFan ICO scams in Vietnam, we take a look at the five biggest cryptocurrency scams to date. #PANORAMA
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The State Bank of Pakistan (SBP) has issued a circular on the “prohibition of dealing in virtual currencies”. The measure comes right after a similar move by the central bank of neighboring India. Commercial banks and payment providers have been told to stay away from crypto operations. They should not facilitate transactions of virtual currencies […]
The post Pakistan’s Central Bank Prohibits Crypto Dealings with a Circular appeared first on Bitcoin News.
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Lawsuits filed in the US last week against BitConnect promoters and executives were released to the public. The identities behind the alleged ponzi scheme including director Glenn Arcaro were unraveled, and several plaintiffs have claimed that the founders of OneCoin, another large-scale ponzi scheme, were involved in BitConnect. Several lawsuits filed earlier this month suggested that Glen Arcaro practically ran the ponzi scheme as the director of US promotions, overseeing several promoters including Craig Grant and Travon James. The lawsuits accused BitConnect of running a ponzi scheme by using cryptocurrency as a cover. It promised investors a fixed income forPowered by WPeMatico