Sentences with phrase «bitcoin investment schemes»

Over the last couple of years, several Bitcoin investment schemes have popped up.

Indian regulators are concerned that increasingly popular bitcoin investment schemes could become a source of volatility, eventually turning into an electronic version of investor fraud.

Finally, not falling for a bitcoin investment scheme in the form of a high yield investment plan or MLM / pyramid scheme is actually very easy because every single one that you come across online is a scam.

Therefore, for South Africans, any bitcoin investment scheme promising guaranteed returns is most likely a scam and should be avoided at all costs.

Prior to this development, the shady Bitcoin investment scheme was mired in a litany of legal troubles, including cease and desist orders from the UK in November, as well as two more from from the US this month — one from the Texas Securities Board and one from the North Carolina Securities Division.

Not exact matches

«Trendon Shavers managed to combine financial and cyber fraud into a bitcoin Ponzi scheme that offered absurdly high interest payments, and ultimately cheated his investors out of their bitcoin investments,» Bharara said in a statement.

Both fraudsters and promoters of high - risk investment schemes may target Bitcoin users.

Scam artists may take advantage of Bitcoin users» vested interest in the success of Bitcoin to lure these users into Bitcoin - related investment schemes.

In fact, the operators of these investment clubs encourage people throughout the country to invest in bitcoin, and promise huge returns, yet this is not always the case, especially when investing in a Ponzi scheme - in fact, some of these schemes have gotten to the point of being hilarious, considering the fact that some promise a 100 % return on the initial investment.

Have you been invited to invest in a Bitcoin - linked investment scheme?

Manhattan U.S. Attorney Preet Bharara said Shavers, 32, combined financial fraud and cyberfraud into a bitcoin Ponzi scheme offering «absurdly high interest payments, and ultimately cheated his investors out of their bitcoin investments.»

Eventually, Ethereum's Buterin responded to the requests, suggesting the fishy Bitcoin investment site could indeed be running a Ponzi scheme.

Scam artists may take advantage of Bitcoin users» vested interest in the success of Bitcoin to lure these users into Bitcoin - related investment schemes.

It turns out Ethereum founder Vitalik Buterin might have been right to suggest popular Bitcoin investment platform, BitConnect, has been running a Ponzi scheme after all: the UK Registrar of Companies has threatened to shut down the dodgy platform and dissolve its operation.

Have you been invited to invest in a Bitcoin - linked investment scheme?

Crypto pioneers, including Ethereum founder Vitalik Buterin and Litecoin founder Charlie lee, have spoken up against the bullish Bitcoin investment platform, calling it a Ponzi scheme.

«Information symmetry has contributed to the loss of funds to pyramid schemes disguised as bitcoin investment opportunities.

Although bitcoins are considered a good investment, the governments need to look deeply into it so they can come up with regulations to guide and to avoid situations whereby the bitcoins or other cryptocurrencies are utilised in money laundering schemes.

There are many bitcoin «investment schemes» that turn out to be Ponzi schemes.

In 2015, MMM South Africa was established, promising participants a 30 percent return on their investment and bitcoin became the payment option of choice for the scheme.

This has been attributed to a number of factors key among them, out - of - control inflation, an unstable naira and the spread of investment schemes that encourage people to invest in the bitcoin space.

However, the startup has been running a bitcoin «investment scheme» until recently that looked a lot like a bitcoin HYIP, which does not bode for the company's image as all bitcoin HYIPs are known to be scams.

From Pump and Dump schemes to investment «clubs» and fake exchanges, there are no shortage of Bitcoin scams affecting the crypto community.

Following months of red flags, Bitcoin investment platform BitConnect — which has long been suspected of running a Ponzi scheme — has officially announced its platform is shutting down.

Dean was sued for fraud in January, when the CFTC alleged that Dean and his company, Entrepreneurs Headquarters Limited, misappropriated more than $ 1.1 million in bitcoin from a pooled investment scheme, defrauding some 600 participants in the process, as previously reported.

In addition, some investors and investigators consider Bitcoin and other cryptocurrencies to be either a passing fad (an economic bubble) and thus an extremely risky means of investment, or a fraud in and of itself, a «Ponzi scheme» for the benefit of Satoshi Nakamoto and other early investors.

Details of an Austrian scam involving bitcoin emerged recently, hinting at a widespread investment scheme that may have raked in some 12,000 bitcoins (approx.

The British Columbia securities commission approved a Bitcoin investment fund last week and the Quebec regulators have allowed an ICO in their sandbox scheme.

The best example of this is OneCoin which markets itself as a competitor for Bitcoin, attacking $ 350 mln in investment, but it turned out to be a Ponzi scheme.

Jaitley's public comments at the Indian Parliament today follows a public notice by the Ministry of Finance that cautioned citizens against investments in bitcoin and cryptocurrencies, likening them to ponzi schemes.

«The public is hereby warned that such investment schemes whether with the use of money or virtual currencies such as bitcoin, ethereum, ripple, dash, litecoin, monero, SIBcoin, mooncoin and many others are considered as securities subject to the regulatory authority of this Commission.»