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Moonday Mornings: South African Bitcoin Ponzi scheme rakes in $135,000 a day

Monday, June 17, 2019 by Piyush Suthar | Comments

Home News Tech Moonday Mornings: South African Bitcoin Ponzi scheme rakes in $135,000 a day

It’s the start of a new week and that means it’s time for Moonday Mornings, Hard Fork’s wrap-up of the top cryptocurrency and blockchain headlines from the weekend. 1. Local news in South Africa is reporting about a cryptocurrency Ponzi scheme. It’s dubbed “Bitcoin Wallet,” and promises returns of 100 percent in 15 days. The scam is estimated to be generating R2 million ($135,000) every day. 2. Bitmain is suing three former staffers after they set up a rival mining pool. The cryptocurrency mining hardware firm is going after $4 million in damages, claiming the trio ignored non-compete agreements, CoinDesk…

This story continues at The Next Web

Or just read more coverage about: Bitcoin

Authored by Piyush Suthar
Pro Blogger


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