Bitcoin, a decentralized ponzi? JP Morgan CEO responds

Philippines UnionBank launches crypto service through its mobile app

In a US Congress hearing, JPMorgan CEO Jamie Dimon called Bitcoin and other cryptocurrencies a Ponzi scheme, as the notorious US bank is one of the most active in the space blockchain. Not a bitcoin fan, but the blockchain is real For years, Jamie Dimon, the boss of JPMorgan, the New York-based universal bank and … Read more

Le PDG de JP Morgan, James Dimon, estime que les jetons crypto sont des schmas de Ponzi dcentraliss . Je suis sceptique quant aux jetons crypto, que vous appelez monnaie, comme Bitcoin

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Lors de son témoignage devant les législateurs des États-Unis, le PDG de JPMorgan Chase, James « Jamie » Dimon, s’est qualifié de « grand sceptique » sur les « jetons cryptographiques, que vous appelez monnaie, comme Bitcoin », les qualifiant de « schémas de Ponzi décentralisés ». Il a été demandé à Dimon ce qui … Read more

Fake Ponzi scheme launched by FatMan on Twitter kills hundreds – BeinCrypto

Understanding Blockchain in Just 3 Minutes The ₿log

A fake Ponzi scheme, set up for experimental purposes, demonstrated how vulnerable the crypto sphere still was. The crypto sphere returns to its ways In the midst of emerging from the crisis, crypto scams are finding a new lease of life. Although not having ceased their activity, the criminals suffered a certain slowdown. The month … Read more

NFT Scam: 4 Ways to Spot a Cryptocurrency Ponzi Scam – The ₿log

NFT Scam 4 Ways to Spot a Cryptocurrency Ponzi Scam

A number of crypto schemes have already been exposed as Ponzi schemes, such as BitConnect, which the US Department of Justice estimated its founders earned $2.4 billion. Therefore, knowing how to identify such systems is crucial to avoid falling victim to them, and here are 5 key red flags for spotting one. Unreasonably high returns … Read more

Alleged Poverty Eradicating Cryptocurrency Criticized As Just Another Complex Nigerian Ponzi Scheme

Alleged Poverty Eradicating Cryptocurrency Criticized As Just Another Complex Nigerian

After reports that traders and holders of the “Zugacoin” cryptocurrency are unable to make withdrawals, Nigerian crypto founder, Sam Zuga responded by accusing unnamed “ignorant people” of work to tarnish the project. A Nigerian expert advised potential zugacoin investors to prioritize learning finer details about the project before investing. A financial system for the future … Read more

Lawsuit Accuses Dallas’ Mark Cuban Of Fooling Investors With A Crypto ‘Ponzi Scheme’

Lost money from mining 45 million crypto wallets Heres what

New lawsuit charges Dallas Mavericks owner and billionaire shark tank investor Mark Cuban to team up with now-bankrupt crypto platform Voyager Digital to dupe investors into “a massive Ponzi scheme.” The class action lawsuit, filed in federal court in South Florida on behalf of millions of investors, alleges that 3.5 million Americans lost more than … Read more

Elon Musk is Suddenly the Subject of a Huge $258 Billion “Ponzi Scheme” Complaint Over Dogecoin! – Mag Mirror

Top 2 Cryptocurrencies to Buy Now and Hold for the

Facebook Twitter Messenger WhatsApp LinkedIn Billionaire Elon Musk, who has the power to create and destroy billions of dollars worth of bitcoin and cryptocurrencies with a single tweet, helped the meme-based dogecoin rise to the crypto top 10 -currencies over the past 18 months. However, the price of dogecoin has crashed over the past few … Read more

Euro Banker Says: Cryptos Are A Greed-Fed Ponzi Scheme – CryptoActu

Euro Banker Says Cryptos Are A Greed Fed Ponzi Scheme

Europe confirms its repressive turn against the crypto ecosystem via a strong intervention by Fabio Panetta, a member of the board of directors of the European Central Bank, who calls for new global standards to regulate crypto assets accused of (almost) all evils. The Wild West of cryptos The Italian Fabio Panetta has never taken … Read more

How The DeFi Space Became A Massive Hotbed For Crypto Ponzi Schemes

Many recent Ponzi schemes have used decentralized finance (DeFi) infrastructure to defraud their clients. This article explores the DeFi ecosystem and how fraudsters can exploit it to steal from crypto newbies. Representation of cryptocurrency and the word ‘DeFi’ displayed on a screen in the background are … [+] seen in this illustration photo taken in … Read more

Tax Investigators Identify Potential $1 Billion Crypto Ponzi Scheme, Reports Say

International tax authorities have identified more than 50 leads of potential crypto tax crimes that could lead to official investigations in the coming weeks, including one case that may be a billion-dollar Ponzi scheme. US tax authorities said on Friday they were following separate leads in scams focused on things like non-fungible tokens and other … Read more