News with the tag "Ponzi schemes"

Rich Dad Poor Dad author Robert Kiyosaki has answered multiple questions about bitcoin and the U.S. dollar. Declaring that he is a bitcoin bull, the famous author said the cryptocurrency “is the perfect asset at the right time.” While acknowledging the possibility of bitcoin “going to zero,” he coun...

U.S. authorities indicted the operators of HyperVerse, allegedly an $1.8 billion “Ponzi scheme.” There’s a fine line between a “fraudulent investment scheme” and many crypto projects, it seems.

NFT scams have quickly become a major concern in the digital asset realm, overshadowing the growing Non-Fungible Token world. They range from NFT scams on Instagram to complex NFT art frauds like the Bored Ape Yacht Club and Logan Paul’s NFT game. The risks are varied and significant. This guide exp...

Ponzi schemes promise returns generated from the money of future investors, while in pyramid schemes, income flows up through recruitment.

Gensler argued that securities laws helped prevent stock market scams once they were passed in the 1930s and can benefit the crypto market of today.

Bitcoin price is down today as Binance, record high fees and a full mempool render on-chain transacting slow and expensive.

Louisiana Republican senator John Kennedy recently stated in an interview published on Wednesday that the U.S. Federal Reserve may need to increase the federal funds rate to 8-10% to address the country’s inflationary pressures. Kennedy’s remarks come after he criticized the Biden administration in ...

A Republican senator says that advancements in technology is exposing the fragility of the US banking system. In a new CNBC interview, Louisiana Senator John Kennedy says banks today are no different than the scheme ran by Italian con artist Charles Ponzi over 100 years ago. According to Kennedy, ba...