Elliott Management: Cryptocurrencies Are a Brilliant Scam
The vastly different opinions on Bitcoin and other cryptocurrencies often lead to some interesting discussions. Most financial experts do not take kindly to this new form of money, though. …
Tag: scam
Prodeum ICO Defrauds Investors as Website Vanishes
In the world of initial coin offerings, there are plenty of scams to be wary about. No matter how legitimate a project may look, there’s always a real chance …
CFTC Shuts Down Another Cryptocurrency-Related Scam
The CFTC has taken a very keen interest in cryptocurrency-related projects. The agency keeps a close eye on initial coin offerings, but they also target alleged scams. As a …
Did BitConnect Shutdown Merely Redirect Funds?
Shortly after receiving cease-and-desist letters from the State of Texas and North Carolina, BitConnect (BCC) discontinued its lending platform, effectively shutting down the Ponzi scheme and leaving investors with …
Another Transparent ICO Scam Is Created on the Ethereum Blockchain
We have seen quite a few ICO projects designed to make fun of the entire business model. People will gladly throw money at any initial coin offering without doing …
Ponzi Scheme BitConnect Plummets 90%
For naive investors who invested in BitConnect (BCC), today featured an exponentially bigger loss than the general cryptocurrency downtrend. After discontinuing its “lending” program, BCC instantly plummeted over 90% from …
Fantasy Market ICO Creator Disappears With Investors’ Money
If the internet truly is for porn, it only makes sense for the latter industry to have its own cryptocurrency. Several such projects have been created in recent years, although …
Should NewYorkCoin Be Trusted?
Over the past few years, we have seen multiple cryptocurrencies which were only meant to work within a specific area. Auroracoin is by far the most notorious example, and it ultimately …
Why Is Experience Points Valued at $400 Million?
Anyone who took a look at Experience Points (XP) over the summer is undoubtedly wondering how the project grew from a tiny US$350,000 market cap to over 1,000 times that. XP is …