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OneCoin is supposedly a digital currency estimated to have raised over £4 billion globally in the form of investments, but US prosecutors claim that the cryptocurrency is a front for a pyramid scheme, designed just to extract money from its investors. The founder, Ruja Ignatova, has vanished after being charged
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Glasgow-based Jen McAdam claims supporters of the alleged OneCoin pyramid scheme are sending her death threats, mainly through Facebook.Death threats reported to the policeOn Oct. 14, the BBC wrote that Jen McAdam, a duped OneCoin digital currency investor, reported a slew of messages she received, threatening her with death
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Ethereum Blocks Filling UpAs covered heavily by this outlet over recent weeks, the Ethereum network has been seeing more activity than ever before. In fact, the network has been used so much that miners of ETH recently opted to increase the capacity of blocks by 25% — allowing for more
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The blockchain analytic firm, AnChain.ai, recently raised some dust in the crypto sphere when it posted some research findings that suggest Chainlink (LINK) has become a home to the infamous pump and dump scam.Although no confirmations are made yet, the findings by AnChain.ai show that a group of investors are
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A gigantic Monero cryptojacking scheme, big enough to take down all the civilian websites on the planet, was recently taken down by the French police. The French police cybercrime unit, C3N, believes the scheme was designed by a French-speaking group, which has allegedly made millions of euros from several fraudulent
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Many investors who wanted to jump on the cryptocurrency wagon had thought that they found the perfect opportunity for that in the crypto investment scheme OneCoin. Unfortunately, OnecCoin turned out to be nothing more than a scam.In this in-depth article, we will review everything about the OneCoin crypto Ponzi scheme.Cryptocurrency
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The United States Federal Trade Commission (FTC) has settled charges it filed in 2018 against an alleged crypto pyramid scheme involving four individuals.Terms of settlementAccording to an official statement on Aug. 22, the regulator permanently banned the defendants from multi-level marketing and misrepresenting investment opportunities and charged a total
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A Los Angeles man pleaded guilty to running a $25 million Bitcoin (BTC) money laundering scheme and sale of methamphetamine.Possible life sentenceNews outlet U.S. News reported on Aug. 23 that 25-year-old Kunal Kalra has pleaded guilty to charges including money laundering and distributing methamphetamines. Per the report, he could
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Andrew Yang wants to mandate blockchain-secured smartphone voting. That's an unbelievably dumb idea from the 2020 presidential candidate. | Source: Chip Somodevilla / Getty Images / AFPBy CCN Markets: Andrew Yang wants your vote. And if he gets it, he promises that when you vote for him again in
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Over $240 million in proceeds from the alleged crypto scheme PlusToken have reportedly moved through four Bitcoin (BTC) transactions.Whale Alert — a Twitter account dedicated to reporting large cryptocurrency transactions — posted on Aug. 17 that four transactions totaling 22,923 BTC were likely the proceeds of PlusToken.The four transactions
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