Ponzi and pyramid schemes depend on new money and recruitment to survive. These schemes promise returns from new participants, not real economic activity. Bitcoin does not require recruitment or ...

CABO FRIO, State of Rio de Janeiro — In April, Brazil's federal police stormed the helipad of a boutique seaside hotel in Rio de Janeiro state, where they busted two men and a woman loading a chopper ...

Peter Schiff brands Strategy's STRC a pure Ponzi and calls Bitcoin a hybrid of a Ponzi, pyramid, and chain letter.

Peter Schiff called Strategy’s MSTR preferred stock STRC “the largest Ponzi in the world” after the company claimed the security was backed by Bitcoin BTC, warning the structure could collapse if new ...

Kenyan Bitcoin investors have fallen prey to a Brazilian pyramid scheme which has gone down with millions of shillings they had invested in it. The company known as Velox 10 launched operations in ...

Text stringer Diane Jeantet, senior cameraman Mario Lobão and photo stringer Bruna Prado, all based in Brazil, traveled to Cabo Frio, a tourist city a couple hours north of Rio de Janeiro which has ...

High volatility creates short-term uncertainty across crypto markets, which can lead to temporary losses, triggering panic selling. For instance, bitcoin's recent crash from a price of more than ...

Remember pirateat40, the e-currency banker we speculated could be the Bernie Madoff of Bitcoin? Well, it looks like he owes a lot of people money. On August 17, pirateat40 announced the closure of ...