Is Cryptocurrency A Pyramid Scheme at Breaking News

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Is Cryptocurrency A Pyramid Scheme, That’s how monetary balances work. However, there have been many platforms that used bitcoin in their scams, but that tells nothing about the coin and technology behind it. The only difference is that a ponzi scheme markets itself as a legitimate venture that generates profits by providing services or selling products.

China targets cryptocurrencies in online pyramid scheme
China targets cryptocurrencies in online pyramid scheme from peoplesdaily.pdnews.cn

The crypto ecosystem consists of different elements; The broadside comes in a. It is also generally accepted that criminals are actively using cryptocurrencies.

China targets cryptocurrencies in online pyramid scheme from Nice Breaking News

The broadside comes in a. Shanghai (freeman zhou/unsplash) police in shanghai arrested more than 10 people in connection with an approximately $16 million pyramid scheme that involved cryptocurrencies, the first such case. Just like ordinary pyramid schemes, the growth of. The scheme involved over 60,000 victims and 100 million yuan. Bitcoin is looking more like a pyramid scheme every day since the recent launch of a us bitcoin exchange traded fund.