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Altcoin News
Bitconnect and its YouTube Shills Face a Class-action Lawsuit
A lot of people are glad to see BitConnect die a slow and painful death. The notorious Ponzi Scheme has been a stain on the cryptocurrency industry for some time...
Tag: ponzi scheme
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Bitcoin NewsBitcoin is a ‘Ponzi Scheme’, Says Asian Banking Giant DBS
One of Asia’s largest banks has come out and criticised bitcoin, calling the digital currency a ‘ponzi scheme,’ making it the latest to join a growing list of others who...
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Bitcoin NewsCFTC Files Charges Against Alleged Bitcoin Ponzi Scheme Operators
Ponzi schemes are nothing new in the world of Bitcoin and cryptocurrency. A fair few companies effectively try to defraud investors by claiming to link their activity to Bitcoin. One...
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Bitcoin NewsMMM Still Grows Strong in South Africa
There are people who learn from others’ mistakes, there are those who learn from their own mistakes and then there are those who don’t learn at all. The same seems...
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Bitcoin NewsOfficial Warning concerning MMM-China Finally Issued.
Bitcoin based frauds and Ponzi schemes are dime a dozen. Sometimes people realize that a bit too late, after investing more than they can afford to lose in such attractive...
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Bitcoin NewsIs MMM a Ponzi Scheme? And Is It Responsible for Bitcoin Price Rise?
We all know that bitcoin price is surging through the roof to reach as high as $500 but what is driving it? If we go by the recently report published...
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Bitcoin NewsYet Another Bitcoin Scam — Miners Center?
What is the one thing other than hacking and ransomware that’s plaguing the bitcoin ecosystem? The answer will be scams which includes lots of pyramid scams, Ponzi schemes and more....
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Bitcoin NewsThe First Bitcoin Securities Fraud — Trendon Shavers Pleads Guilty
Trendon Shavers, a Texas based individual has pleaded guilty to the charges of running a bitcoin Ponzi scheme. He was accused of defrauding investors by encouraging them to invest bitcoins...
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Bitcoin NewsTaiwan LEOs Arrest Two Suspects in MyCoin Scam
Few bad eggs end up giving the whole community a bad name. That’s what happening with the bitcoin community. In our recent post, we mentioned about few prevalent misconceptions about...