Fool Me Once … Top 5 Bitcoin-Related Scams for 2015

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CoinGreed.com is always keen to bring to readers’ attention anything suspicious in crypto-industry and beyond. We’ve been surprised by the sheer audacity of some rogue players still playing a major role in today’s market, so read on for our pick of the very worst. Don’t forget to leave your opinion beneath the article – debate helps pressure bad actors into explaining their actions and showing their true colors. OneCoin CoinTelegraph previously ran an expose about OneCoin, the global ponzi scheme seemingly able to fool everyone from the Economist to the hoards of trolls who took to our comments sectionfollowing publication of the article. Far from dying out, OneCoin continues to spread, despite the comprehensive list of discrepancies – some of which are even shocking in their carelessness – which are freely available for discovery in its own marketing material. Stunts such as calling a paid advertisement in Forbes Bulgaria as a genuine interview and mismatching information about the founders and their qualifications are complimented by bizarre charity spin-off websites and some of the most incomprehensible English usage imaginable. Add to that repeated claims of partnerships in which the “partners” deny any knowledge of OneCoin, and a user agreement seemingly copied …

Is This Man the Reason Behind the Bitcoin Price Surge?

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Bitcoin price analysts are struggling to identify the rationale behind the sudden price spike in the cryptocurrency’s value as it broke the US$400 mark on November 3, surpassing a market cap of more than US$6 billion. One thing for sure is that nobody can deny the effect China has had on the market in November 2013, the first time it surged past the US$500 mark. This time around, however, things might be a little different. According to research done by Finance Today’s Izabella Kaminska, this recent Bitcoin rally could be caused by a Pyramid Scheme named MMM, orchestrated by Sergei Mavrodi, a convicted Russian serial Ponzi scheme organizer. Mavrodi, whose latest Ponzi scheme targets Chinese investors, has never shied away from admitting that his enterprises are all Pyramid schemes, in fact, he promotes his new program as a PyraMMMid where investors are urged to post profit testimonials on YouTube to “increase their revenues.” According to the English version of the website, new members are required to purchase Bitcoin, which they then pump into the Pyramid Scheme’s “mutual aid” program, paying off the earlier adopters, with a promise of 30% return on their investments at the end of the month. The program …