Tag: ponzi scheme

  • Central Bank of Nigeria Bitcoin

    Weekly Bitcoin Volume Cross $1 Million Nigeria,Raises Speculation

    The demand for Bitcoin has surged skywards in the African nation of Nigeria. The country’s weekly Bitcoin exchange volumes since mid-December 2016 have increased to more than NGN 400 million, which is close to $1.3 million. The increasing demand for cryptocurrency in Nigeria was reported by a leading African...

    Gautham | January 30, 2017 | 9:30 pm
  • Chinese Government Warns Bitcoin Investors About MMM Global Ponzi Scheme

    MMM Nigeria Plans to Revive Its Ponzi Scheme

    MMM, the “most successful” Ponzi Scheme has planned a revival of its Nigerian arm of business, or so it would seem. The investment scheme created an outburst in the cryptocurrency community recently by introducing Bitcoin investments. Attracted by the promises, many people jumped on the bandwagon, in spite...

    Gautham | January 9, 2017 | 4:40 pm
  • Pyramid Scheme

    BTC-based Pyramid Scheme Flourishes in Zimbabwe as Economy Thickens

    Pyramid schemes are not that uncommon in the African market these days. iRaisers, one of the most notorious Ponzi schemes, has officially launched in Zimbabwe. Given the current financial situation in that country, scammers are looking to take advantage of the situation. Bitcoin Ponzi Schemes are active in...

    newsbtc | December 12, 2016 | 2:15 pm
  • Bitcoin

    Will Bitcoin Soon Be Legal in Vietnam?

    Vietnam has had a particularly rocky relationship with bitcoin. Just a few months ago, the country was shattered by an alleged Ponzi scheme surrounding bitcoin activity. Promises were made that ultimately weren’t kept, and several people lost money that could have otherwise gone to much smarter and loftier...

    Guest Author | December 6, 2016 | 2:00 am
  • Bitcoin Alert System

    FMA in Austria Issue Warning against Fradulent Virtual Rs Scheme

    Austrian finance watchdog Financial Market Authority (FMA) is a bit late to the game. The regulatory body has issued a warning against the use of virtual currencies, including Bitcoin. The latest warning is similar to the words of caution used by various central banks and government institutions across...

    Gautham | November 15, 2016 | 1:00 pm
  • Chinese Government Warns Bitcoin Investors About MMM Global Ponzi Scheme

    MMM Global Ponzi Scheme Now Infects Nigerian Investors

    Over the past few years, people across the world have been getting emails from “Nigerian princes”. These self-proclaimed royals promise riches in return for a small deposit. But overall, they were a scam even a child could tell. Replacing the Nigerian princes in latest events is MMM Global, a...

    Gautham | September 29, 2016 | 2:00 pm
  • Bitcoin Ponzi Scheme Collapse Vietnam

    Bitcoin Ponzi Scheme Collapse Looms in Vietnam

    Ever since the inception of Bitcoin, there have been individuals and companies trying to discredit cryptocurrency. Some of them even go as far as setting up deliberate Ponzi Schemes to defraud Bitcoin investors. Such a scheme seems to be on the brink of collapse in Vietnam. Hundreds of...

    newsbtc | September 19, 2016 | 11:00 am
  • shutterstock

    OneCoin Posts Fake Semper Fortis Letter To Gain Credibility

    The OneCoin saga seems to be far from over right now. One thing has to be said”: the team behind this project will stoop to new lows to keep up the illusion of credibility. In a recent Youtube video, the team claims Semper Fortis is verifying OneCoin as...

    newsbtc | August 29, 2016 | 11:00 am
  • ForexParadise

    Forex Paradise Rewards $8.6m worth Commissions to Affiliates

    A Hong Kong based financial management firm claims that its affiliate partners have withdrawn $8.6 million worth of commissions since its launch. Forex Paradise, as this decade old company is titled, is well renowned for offering a multitude of investment-related services around the globe. The company actively has...

    Jayanand Sagar | August 25, 2016 | 10:48 pm
  • Trendon Shavers, Bitcoin Savings & Trust

    Bitcoin Fraudster Receives 18-Month Prison Time

    The person behind the first ever Bitcoin securities fraud in the United States is going to spend the next 18 months in prison. Trendon Shavers, the founder of Bitcoin Savings and Trust, a proven ponzi company, was convicted for luring people into investing 764,000 bitcoins (~$4.5 million at the time...

    Gautham | July 22, 2016 | 1:00 pm

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.


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