Ponzi scheme

NY Times now covering Bitcoin frauds and Ponzi schemes as establishment assault on cryptocurrency goes ballistic

February 18, 2018 -

Posted by Ethan Huff

(Natural News) Mainstream media giant The New York Times (NYT) recently covered a series of problems with cryptocurrency that have risen to the surface ever since Bitcoin suffered through a 60 percent drop in value after reaching all-time highs of around $20,000 per “coin” back in December. Many of these problems we’ve highlighted here at […]

in: Central banks, Collapse, Computing & internet, Conspiracy, Corporations, Cryptocurrency, Currency & debt, Current Events, cyber warfare, Deception, Economic collapse, economics, Finance, Government, Investing & stocks, Mainstream Media, Technology

Another Crypto Ponzi scheme collapses: DavorCoin caught defrauding investors who lost nearly everything

February 18, 2018 -

Posted by Ethan Huff

(Natural News) Yet another cryptocurrency startup promising massive financial returns to investors has kicked the bucket. Scottsdale, Arizona-based DavorCoins (DAV), which operated a lending scheme similar to the one that resulted in the recent collapse of BitConnect, reportedly left its investors with basically nothing after the value of its coin offering plummeted to almost zero. […]

in: Collapse, Computing & internet, Conspiracy, Crime, Cryptocurrency, Currency & debt, Current Events, cyber warfare, Deception, Economy, Finance, Investing & stocks, Technology

Before it collapsed, BitConnect hucksters thought they were the masters of the universe… hilarious video shows the insanity

February 5, 2018 -

Posted by Ethan Huff

(Natural News) Carlos Matos, the shameless scammer behind the infamous BitConnect Ponzi scheme, has become one of the internet’s latest and most hilarious “memes.” That’s because just months prior to the cryptocurrency exchange’s demise, Matos was seen on stage at a New York event screaming and wailing about how great BitConnect supposedly was, which has […]

in: Collapse, Computing & internet, Conspiracy, Corporations, Corruption, Crime, Cryptocurrency, Currency & debt, Current Events, cyber warfare, Deception, economics, Finance, Government, Investing & stocks, Lies, Technology

Critical analysis reveals that cryptocurrency ICO “white papers” are mostly complete crap written by clueless noobs who all thought they were the next Steve Jobs

January 30, 2018 -

Posted by Ethan Huff

(Natural News) The year 2017 was a big year for cryptocurrency – not only for crypto-king Bitcoin, but also for the hundreds (or even thousands) of new initial coin offerings, or ICOs, that popped up, promising big returns for little investment. But a new analysis by accounting giant Ernst and Young reveals that a shocking […]

in: Central banks, Conspiracy, Cryptocurrency, Currency & debt, Deception, Economic collapse, economics, Economy, Finance, Investing & stocks, Technology

BitConnect collapse reveals that cryptocurrency sites can really only succeed as long as they receive good press to build “confidence”

January 22, 2018 -

Posted by Ethan Huff

(Natural News) A major cryptocurrency exchange known as BitConnect has shut down its trading platform and reverted to just a storage wallet following recent crackdowns by state authorities for the alleged unauthorized sale of securities. In a recent blog post published to the company’s website, BitConnect also pointed to “bad press,” which it says eroded […]

in: Computing & internet, Conspiracy, Corporations, Currency & debt, Current Events, Finance, Government, Investing & stocks, Mainstream Media, Technology

BitConnect shuts down after accusations it was running a cryptocurrency Ponzi scheme

January 17, 2018 -

Posted by David Williams

(Natural News) While it may have been fun – and profitable – for some people while it lasted, the leading Bitcoin investment platform BitConnect has finally announced that it is shutting down. It announced its decision via a blog post on the official BitConnect website titled, “Changes coming for the Bitconnect system – Halt of lending and exchange […]

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Health Ranger declares Bitcoin to be “digital tulip bulb mania” as irrational exuberance achieves PATHOLOGICAL extreme

December 7, 2017 -

Posted by Mike Adams

(Natural News) As Bitcoin skyrockets past $18,000, I’m issuing a new Bitcoin warning video (see below for the full video). Bitcoin speculation has now clearly reached the level of a “digital tulip bulb mania” that’s going to end catastrophically. Historians will be writing about the mania (and the madness of crowds) for decades to come, […]

in: Health Ranger

How to explain the Bitcoin bubble to young people

December 3, 2017 -

Posted by Mike Adams

(Natural News) It’s an inescapable pattern of human culture: Each new generation believes it is smarter and wiser than the generation before. Throughout the history of western civilization, young innovators believed they had discovered near-magical wealth generating systems that could produce riches without effort. The railroad bubble of the mid 1800s… the roaring ’20s stock […]

in: Health Ranger

More signs of the imminent cryptocurrency “crash and burn” scenario: Paris Hilton and other celebrities now endorsing ICOs

September 11, 2017 -

Posted by Ethan Huff

(Natural News) Cryptocurrencies are a dime a dozen these days, as every Joe “tech” Schmoe seems to be either buying them or creating them. And you know the situation has gotten out of control when even Paris Hilton of “that’s hot” fame is hawking them on Instagram – her digital fiat of choice being a […]

in: Currency & debt, Current Events, Economy, Finance, Investing & stocks, Propaganda, Robotics and AI

SEC crackdown on Bitcoin accelerates with de-listing of publicly-traded Bitcoin capital firm, accused of hyping the bubble

August 31, 2017 -

Posted by Russel Davis

(Natural News) The U.S. Securities and Exchange Commission (SEC) recently issued a temporary freeze order on trading for the American Security Resources Corp. (ARSC), a publicly-listed bitcoin exchange company. This marks the third suspension in the month of August alone. SEC officials announced the suspension on August 24, Thursday. According to reports, the suspension will be effective until 11:59 am ET, September […]

in: economics, Economy