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Kirit Somaiya, a Member of Parliament of the ruling BJP in India, has written to the Finance ministry raising concerns about Bitcoin being a ponzi scheme. The Finance Minister is expected to officially reply shortly.
On a tip-off by our readers, Cointelegraph is investigating two Bitcoin services as to whether they are scams or not with the use of 99Bitcoins’s Scam Test tool.
A Bitcoin scam involving residents in Ontario Canada is the topic of a police warning, a week after large scale complaints in India.
A developing ill within the crypto environment is the selling of substandard education to an unsuspecting public.
MMM Nigeria - a prominent multi-marketing Ponzi scheme - has recently announced that it is making a comeback enabling Bitcoin as a form of payment.
As Ponzi schemes make inroads into the Nigerian investment ecosystem, the next generation of leaders are indirectly learning to rely on luck and chance.
Bruce Fenton, founder of Bitcoin Foundation, adds his voice to the ubiquitous claims that OneCoin is a Ponzi scheme and its perpetrators should be arrested.
The UK’s Financial Conduct Authority issued a warning against OneCoin.
The Swedish Bitcoin Foundation released an official statement regarding OneCoin, a cryptocurrency Ponzi scheme that has been around since early 2015.
The emergence of Steem and other multi-million dollar altcoins in the market have triggered a massive resurgence of app coins, or crypto assets utilized by decentralized platforms.
We look at the 10 top bitcoin fiascos, related to money laundering, funding criminals, extortion, Ponzi and MLM, drug dealing, kidnapping, dodgy banks and the fall of Mt.Gox.
MMM rides on the wings of belief, greed and a failing economy to flourish in Nigeria despite its negative history and bad publicity as a Ponzi scheme.
Swiftcurrency.com moves to begin awareness campaign on virtual currencies, with the aim to redeem the industry’s already battered image by Ponzi schemes says Adelola Sokoya.
Bitcoin price analysts are struggling to identify the rationale behind the sudden price spike in the cryptocurrency’s value as it broke the US$400 mark on November 3, surpassing a market cap of more than US$6 billion.
BTCC CEO Bobby Lee has publicly warned about companies such as MMM operating possible ponzi schemes using bitcoin.
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