Ponzi Scheme

YouTube Added as Defendant in Class Action Lawsuit Against BitConnect

1 week ago admin2 0
According to court documents filed July 3, YouTube has been added as a defendant in a class action lawsuit against BitConnect. The lawsuit was initially filed on January, 24 by six individuals represent by law firm Silver Miller. The claimants state that crypto investment platform BitConnect issued crypto tokens that were unregistered securities, and obtained Read More

South African Police Investigate Alleged Crypto Ponzi-Scheme Involving 28,000 Investors

2 months ago admin2 Comments Off on South African Police Investigate Alleged Crypto Ponzi-Scheme Involving 28,000 Investors
South African Police are pursuing an alleged major cryptocurrency investment fraud, according to a police statement released yesterday, May 25. According to the statement, over 28,000 investors are said to have suffered losses exceeding 1 bln rand ($80.4 mln). The Hawks, an investigative unit of South Africa’s Directorate for Priority Crime Investigation (DPCI), have outlined Read More

Philippines Welcomes Crypto Economic Zone

3 months ago admin2 Comments Off on Philippines Welcomes Crypto Economic Zone
News 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 Read More

How Chinese Blockchain Projects Raise Funds Despite the ICO Ban

8 months ago admin2 Comments Off on How Chinese Blockchain Projects Raise Funds Despite the ICO Ban
Crowdfunding Initial Coin Offerings (ICOs), the cryptocurrency version of crowdfunding, helped many Chinese blockchain startups raise faster funding this year, but also led to China’s clampdown on ICOs. In today’s series, we will take a glimpse at how Chinese blockchain businesses raise money after crowdfunding platforms were shut down.  Also Read: Reports of Israeli ICO Ban Read More

5 Simple Tips To Stay Secure in the Wild West of Bitcoin

8 months ago admin2 Comments Off on 5 Simple Tips To Stay Secure in the Wild West of Bitcoin
Perhaps calling the Bitcoin ecosystem ‘The Wild West’ is a little over the top as the environment has become a lot more secure and come a lot more into the light of the mainstream. However, its decentralized nature still leaves it open to attacks which can lead to a loss of fortune and there is Read More

A Closer Look at How Three of the Biggest Scamcoins Lure Its Investors

8 months ago admin2 Comments Off on A Closer Look at How Three of the Biggest Scamcoins Lure Its Investors
Op-Ed Run-ups of the kind bitcoin is having in price and valuation make fertile ground for scams. Scams are valuable and very teachable moments. Skin in the game, by having plunked hard-earned cash down to see a return on investment, means vigilance and due diligence are musts.    Also read: GAW/Paycoin CEO Josh Garza Held Liable Read More

How to Defend Yourself from Scam ICOs: a Personal Story

9 months ago admin2 Comments Off on How to Defend Yourself from Scam ICOs: a Personal Story
Initial Coin Offerings, or ICOs, are very popular right now. This kind of Ethereum-based crowdfunding has a principal role in funding crypto-related startup. We can say that they are Ethereum-based because most often, ICOs are based on Buterin’s Blockchain, as it can be used to develop smart contracts that regulate the funds raised. For example, Read More