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Bolivia has arrested cryptocurrency advocates and labeled it a “pyramid scheme,” repeating its stance that alternative currencies were illegal.
Following an unprecedented day of trading for Litecoin at a higher daily USD volume than bitcoin, suspicions of a ‘pump-and-dump’ scheme in China have arisen following a correction in price.
OneCoin, a purported cryptocurrency and trading venture based out of Bulgaria, is suspected to be a pyramid scheme with no verifiable evidence to back up any of its business claims.
Weekend roundup from Cointelegraph.
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