Chinese Prosecutors Charge Final Suspects In $2.3 Bln OneCoin Investigation
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
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Philippines Welcomes Crypto Economic Zone
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
MasterCoin+ May Be the Next BitConnect
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
Why DavorCoin May Become the Next BitConnect
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
The Story of the Four BitConnect Lawsuits
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: Crypto Is ‘Contagion And Contamination’ Infecting The Global Financial System
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 Lawsuit Against Bitconnect Following Its Shutdown
Investors file class action against Bitconnect following sudden closure. #NEWS Go to Source Powered by WPeMatico
Onecoin’s Bulgarian Offices Raided by Law Enforcement, No Arrests Made
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
Bulgarian Police Raids OneCoin Offices, ‘Ponzi Scheme’ Servers Shut Down
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
CFTC Slaps Fraud Charges on Three Cryptocurrency Entrepreneurs and Companies
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
