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Fomo3D, a controversial but highly popular ethereum gambling game, has its first jackpot winner. The aim of the game is to purchase the last key before the timer goes to zero, whereupon it rests for 24 hours. After months of speculation over whether the timer would ever be allowed to reach zero, the question has … Read more
The ethereum network has another pair of smash hit dapps. The decentralized applications have proven to be a viral success over the past week, amassing more transactions than IDEX and accruing seven-day trading volume of 180,000 ETH. There’s just one problem: both dapps are ponzi schemes in which virtually everyone who plays will lose. Also … Read more
Here’s what went on at the recent US Congress hearings regarding crypto: from calls for positive regulation to a crypto ban suggestion and obligatory “Ponzi schemes” comparisons Go to Source Powered by WPeMatico
YouTube has become a defendant in the BitConnect class action lawsuit, wherein claimants allege that YouTube was remiss in delisting videos promoting fraudulent behavior Go to Source Powered by WPeMatico
Turkey’s so called “national” crypto, Turcoin, has turned out to be a classical example of a Ponzi scheme, local media reported. The founders of the “alternative” digital currency are believed to have fled the country with millions of dollars collected from defrauded investors. The company behind the Turkish token stopped distributing dividends earlier in June. … Read more
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 Go to Source Powered by WPeMatico
South African Police are investigating an alleged crypto investment fraud in which 28,000 investors are said to have lost over $80 mln Go to Source Powered by WPeMatico
Chinese prosecutors charge the last four suspects out of around 100 involved in the case against pyramid scheme OneCoin Go to Source Powered by WPeMatico
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 … Read more
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+ … Read more
