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Back in 2014, a group led by a woman named Ruja Ignatova created a Ponzi scheme called Onecoin which, together with the organization Onelife, defrauded billions from 3 million people. At peak popularity, the group declared that Onecoin would be a “Bitcoin killer” but the pyramid scheme is now in ashes and many of its … Read more
Police in Mumbai have busted a gang allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (nearly $14 million). The gang targeted people by launching a cryptocurrency called Cashcoin and sold it to investors, promising to double their money. Also Read: Indian Blockchain Summit Draws Policy Makers to Speed up Crypto Regulation … Read more
In the first weekend edition of The Daily, crypto exchange Kucoin lists Mimblewimble coin Grin, giving it several trading pairs, and Bakkt releases product details about its upcoming futures contracts. Also, a Chinese investor sues a famous Israeli crypto entrepreneur for alleged fraud, while Malta issues a warning about a get-rich-quick “Bitcoin Revolution” scam. Also … Read more
A recent Chainalysis report reveals that the number of Ethereum-related scams declined in 2018, but that they were more lucrative Go to Source Powered by WPeMatico
A 36-year-old individual suspected of the theft of IOTA cryptocurrency worth over $11 million has been arrested following international police collaboration Go to Source Powered by WPeMatico
Taiwan: local media reports that seven people who allegedly managed a fraudulent crypto investment scheme have been indicted Go to Source Powered by WPeMatico
Bitcoin media deaths almost passed 100 last year, but the altcoin graveyard is ten times larger Go to Source Powered by WPeMatico
The U.K.’s Financial Conduct Authority (FCA) has reportedly provided an update of its investigations of crypto companies. A total of 67 inquiries were launched, 49 of which have been closed, leaving 18 businesses currently under investigation. The UK government has reportedly said it is ready to give power to the FCA to regulate the crypto … Read more
Italian securities regulator CONSOB has suspended two projects for allegedly offering fraudulent crypto investment schemes Go to Source Powered by WPeMatico
The initial coin offering industry has seen its fair share of illicit projects. In most cases, investors are promised massive returns when they make a financial contribution. It now appears the Naked Technology ICO is also under a lot of scrutiny. One of its founders is subject to an arrest warrant in the UAE. A … Read more
