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Indian authorities have questioned British businessman Raj Kundra, husband of Bollywood star Shilpa Shetty, in regards to his alleged connection to a $300 mln ICO scam
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South African Police are investigating an alleged crypto investment fraud in which 28,000 investors are said to have lost over $80 mln
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Chinese prosecutors charge the last four suspects out of around 100 involved in the case against pyramid scheme OneCoin
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After hemming and hawing in its strange relationship with cryptocurrencies and the businesses they imply, the Philippine government decided to make room for a set aside economic zone. The scheme is offered in hopes of generating more tax income, employment for its people, and perhaps a dedicated crypto university. Also read: Telegram Urges Paper Airplane […]
The post Philippines Welcomes Crypto Economic Zone appeared first on Bitcoin News.
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BitConnect was one of the biggest scams in the cryptocurrency world over the past few months. Unfortunately, it is not the only project that people need to be very wary of right now. MasterCoin+ shares a lot of similarities with how BitConnect operated, even though it seems the projects are not directly related. The Worrisome Signs of MasterCoin+ It is important to note right off the bat that MasterCoin+ has nothing to do with MasterCoin, now known as OMNI. The former’s name choice is rather interesting, as it seems unlikely the team chose that name out of the blue. By tagging a plus signPowered by WPeMatico
Scams and Ponzis are easy to come by in the world of cryptocurrency. It is, unfortunately, the price we pay for a popular industry in the financial sector. DavorCoin is one of those projects which draws a lot of parallels to BitConnect, another Ponzi scheme which recently shut down after a few months of action. A daily variable ROI for altcoin lending is not impossible to achieve, but it is highly unlikely DavorCoin offers the real deal in this regard. What is the Deal With DavorCoin? On the surface, the DavorCoin project looks like a rather solid investment. More specifically,Powered by WPeMatico
Things have certainly gone from bad to worse for the BitConnect Ponzi scheme. After defrauding hundreds of investors, the company decided to pull the plug on its operation and the associated exchange. With so many people left in the dust, it was only a matter of time until the lawsuits started piling up. So far, we have seen a total of four lawsuits filed against BitConnect in various regions. It is evident this company will continue to face a lot of backlash over its business venture. Four BitConnect Lawsuits Have Appeared Anyone who dislikes BitConnect or lost money in this notorious PonziPowered by WPeMatico
ECB board member says crypto is at risk of “contamin[ating]” the global financial system, asks for more regulation before crypto becomes too interconnected #NEWS
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Investors file class action against Bitconnect following sudden closure. #NEWS
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It has been a while since we last heard any major Onecoin-related news, though this notorious Ponzi scheme has been in the crosshairs of law enforcement agencies for quite some time now. It is evident this scheme will fall apart at some point in the near future. The company’s offices in Sofia, Bulgaria were raided by law enforcement agents this week. It is good to see officials crack down on clear scams such as this one before things really get out of hand. Onecoin Receives Another Major Blow Most people who have been active in cryptocurrency for a while will knowPowered by WPeMatico