BitConnect (BCC)– The fallout surrounding the BitConnect ponzi scheme has continued, with media publisher YouTube being listed among the defendants in the class action lawsuit against the now-defunct coin scam. After being accused repeatedly of operating as a ponzi scheme, BitConnect discontinued operations in January 2018 following a cease and desist order from several financial regulators. Three US men charged over $722m cryptocurrency Ponzi scheme BitClub Network reported fake profits and defrauded its investors The alleged fraud saw investors lured by fake Bitcoin mining earnings ... But Mr Whalen warned the bitcoin craze is only a "vanilla Ponzi scheme" aimed at exploiting "the greater fool" of investors. He said: "Fraud is defined as attempting to gain through deception or ... advantages over people. It ensures that ฺBitcoin is free from being centralized and controlled by the governments, banks and the other ponzi scheme companies. – “Limited” The maximum of Bitcoin is set to 21 million. You can learn more about Bitcoin under the “About Bitcoin” menu at the top of the page. Vote for Videos Big Brother Naija Lockdown housemate, Nengi, has narrated how she lost all her sayings to the popular ponzi scheme, MMM in 2017. Though the Bayelsa-born housemate refused to mention the amount of money that went into the air, she hinted that it was a huge sum.
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Bitcoin has been in existence for all of eight years but a debate is raging in the investing community: Is the cryptocurrency actually useful beyond just bei... Ministry of Finance has cautioned the retail consumers to avoid participating or being trapped in the Ponzi schemes like Bitcoin or any other cryptocurrency or virtual currency. This video is unavailable. Watch Queue Queue. Watch Queue Queue this might be the best bitcoin news with the best bitcoin price analysis on youtube, don't question it. If you like Ivan on tech, The Moon, Crypto Daily, MMCrypto, Crypto Zombie or Sunny Decree ... Is Bitcoin a Ponzi scheme? Let's break down what a Ponzi scheme actually is and compare that to bitcoin.