Observers Mock Fork Called Bitcoin2 That Pumps and Dumps on Two Exchanges

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Over the last 48 hours, cryptocurrency enthusiasts have been discussing a Bitcoin snapshot fork called Bitcoin2. The little known coin gained over 5,200% since May 28 on only two exchanges and managed to get listed on Coinmarketcap.com as well. Bitcoin2 is believed to be merely a pump and dump scam, much like a great majority…

A Multibillion-Dollar Cryptocurrency Based on ‘Lies’: US Arrests Alleged OneCoin Leader

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Konstantin Ignatov, one of the heads of the infamous OneCoin pyramid scheme, has been arrested on wire fraud charges.

‘Bitcoin Killer’ Onecoin Is Ashes But Investigations Continue to This Day

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Back in 2014, a group led by a woman named Ruja Ignatova created a Ponzi scheme called Onecoin which, together with the organization Onelife, defrauded billions from 3 million people. At peak popularity, the group declared that Onecoin would be a “Bitcoin killer” but the pyramid scheme is now in ashes and many of its…