Bookmarking Crypto Insights
Auto Added 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. … Read more
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, … Read more
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 Go to Source Powered by WPeMatico
Investors file class action against Bitconnect following sudden closure. #NEWS Go to Source Powered by WPeMatico
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 … Read more
A raid on the OneCoin offices in Bulgaria covered 14 associated companies, servers were shut down but the coin remains operational. #NEWS Go to Source Powered by WPeMatico
It is never good to see the U.S. Commodity Futures Trading Commission go after virtual currency operators. This is especially true when the charges revolve around defrauding customers. Even though interest in cryptocurrencies has soared recently, there are still a lot of people looking to steal your money. With the CFTC now getting involved, it will … Read more
Bulgarian law enforcement agencies have raided the offices of Onecoin in Sofia as part of a multinational effort to neutralize what authorities call a “centralized cryptocurrency pyramid scheme”. Three million people may have been defrauded by the company which offers services on four continents, according to media reports. Bulgarian officials were diligent enough to note … Read more
Too good to be true – cryptocurrency community slays Bitconnect on social media following closure of ‘Ponzi scheme’ lending platform and exchange #ANALYSIS Go to Source Powered by WPeMatico
India continues its shaky experiment with money’s future as its domestic population is wild about cryptocurrency. Its government and regulators are less than thrilled, though. The banking system is siding with minders, causing friction between account holders and crypto exchanges. Everyone is pointing to a lack of clarity in the law as origin for the … Read more
