SEC rules unfavorably against a bitcoin ETF, quotes prominent /r/buttcoin user in its decision. /r/bitcoin users go to /r/buttcoin, imply they'll hire hitmen to find him and argue that bitcoin isn't like other Ponzi schemes.
Bitcoin ETF lawyer arrested for participating in running ponzi schemes and in major SEC violations. Will the ETF still launch?
Best case is they shake it off, hire a different lawyer and everything is fine. But this all seems like a big black mark on the whole untested concept. The whole idea of the ETF was to legitimize bitcoin to real investors. But how does it do that when anyone can point and say "well bitcoin isn't a ponzi scheme but I know for sure this ETF thing was written by a guy that runs them, soooooo"
SEC Officially Indicts GAW Miners CEO for 'Hashlet' Ponzi Scheme WASHINGTON D.C. — Homero Joshua Garza was brought up on civil charges for the alleged operation of a “ Ponzi Scheme ” by the ... Unregistered Investment Scheme: A Ponzi scheme is an unregistered form of investment which not regulated by any governing body such as the Securities and Exchange Commission (SEC).. Excessively Consistent Returns: No high return scheme provides a consistent return without any risk involved.And if any investment promises or gives a high and stable profit, it is a Ponzi scheme. A movie is being made about Onecoin's cryptocurrency Ponzi scheme starring Oscar winner Kate Winslet. This Hollywood MGM movie is based on a true story told by a victim of the cryptocurrency fraud ... Ministers used influence to pilfer millions in alleged Ponzi Scheme Sounds like that may need to be updated. A recent filing from the United States Securities and Exchange Commission, or SEC, takes action against three individuals for allegedly raising millions of dollars against more than 1,000 victims. Mining City has caught the attention of the Philippines SEC. According to the latest reports, it is evident that the authority body has identified Mining City as a Ponzi scheme.Based on many reports and information gathered by the Commission, certain individuals or groups of people are enticing the public via social media and independent sites to invest in Mining City.
Is Bitcoin a Ponzi Scheme? Trade Genius Crypto & Gold. Loading... Unsubscribe from Trade Genius Crypto & Gold? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 24.9K. Loading ... In this video, I discuss whether or not Bitcoin is a Pyramid scheme or a Ponzi scheme. I conclude that it is neither, simply because: 1) Bitcoin is decentralized, not run by a corporation or ... 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... In 2017 bitcoin and other cryptocurrencies reached an all time high. In this interview, Morten explains how we can define and characterize different forms of... Is Bitcoin a Ponzi Scheme? Is Bitcoin a Pyramid Scheme? Is Bitcoin a Bubble like Tulip Mania or Beanie Babies? ===== Thanks for watching! Don't f...