Tag Archive: Ponzi

• Bitcoin Investment, Bitcoin Regulation, Companies, News, News teaser

  New Jersey Cracks Down on Fraudulent Bitstrade

  Following the fallout from fraudulent Ponzi-scheme Bitconnect’s demise, New Jersey has officially ordered cryptocurrency investment entity Bitstrade to stop offering unregistered and fraudulent securities in the state. New Jersey regulators have uncovered yet another fraudulent cryptocurrency investment company. The announcement comes by way of Attorney General Gurbir S. Grewal and the Division of Consumer Affairs and has been ordered by the Bureau of Securities after an investigation found Bitstrade to be in violation of New

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  Adam James · February 11, 2018 · 7:00 am
• Bitcoin, Bitcoin Education, Bitcoin Investment, Bitcoin Regulation, News, News teaser

  Clueless? Nigeria’s SEC Says Bitcoin, OneCoin Pose Equal Risk

  The Securities and Exchange Commission in Nigeria has issued a public notice in which caution is advised with regards to ‘cryptocurrency’ investments. WARNING: Cryptocurrencies Ahead The Securities and Exchange Commission in Nigeria has issued a warning regarding investing in Bitcoin, Swisscoin, and Onecoin. The public notice seeks to alert the public regarding the risk posed by cryptocurrencies following solicitations of the public to invest. The notice reads: The attention of the Securities and Exchange Commission

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  Antonio Madeira · January 14, 2017 · 9:00 am
• Bitcoin, Bitcoin Investment, Bitcoin Regulation, Bitcoin Security, Companies, Emerging Markets, Markets and Prices, News, News teaser, Trending

  Alleged Scammers Behind Bitcoin Exchange Ponzi, MyCoin, Arrested in Taiwan

  The Chinese newspaper, China Times, has reported that on August 20, 2015, Taiwanese police arrested two suspects who allegedly scammed investors out of $1 billion NT, equivalent to $30.6 million USD. Lu Kuan-wei and Chen Yun-fei were arrested after the Criminal Investigation Bureau in Taipei received a number of complaints about fraud from victims.   Editor’s Note: To be clear, Mycoin was a ponzi scheme that fronted as a Bitcoin exchange. Additionally, it needs to be noted

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  Deepak Tiwari · August 28, 2015 · 8:00 am
• Altcoins, ASIC miners, Bitcoin, Bitcoin Investment, Bitcoin Security, Bitcoin Service, Companies, Markets and Prices, Mining, News, News teaser, Scrypt ASIC miners, Services, Technology, Trending

  XScrypt Cloud Mining Provider Shows True Ponzi Colors?

  Cloud mining service providers have been facing hard times ever since the Bitcoin price dropped below $320. Whereas major Bitcoin cloud mining service providers had to shut down operations for an undisclosed amount of time, new companies started appearing all over the internet. XScrypt is one of those cloud mining companies, but it looks like the “company” has gone bust after multiple issues with payouts. Also read: MIT’s Enigma: Decentralized Cloud Platform with Guaranteed Privacy

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  Jp Buntinx · July 28, 2015 · 8:00 am