The U.S. Department of Justice (DOJ) has charged two individuals for their role in OmegaPro, a crypto and investment ponzi scheme which defrauded investors of over $650 million.Michael Shannon Sims,…
Web3 promises an internet owned by its users, when in reality, the cash behind it now resembles a carnival barker’s till. Regulators are accelerating enforcement, courts are handing down multi-year…
The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history…
Legendary hedge fund manager Cliff Asness recently amplified his criticism of Bitcoin advocates, slamming them as "Ponzi cultists" in his recent post on the X social media. The founder of…
In brief
Responding to a sarcastic prompt on X, Australian Senator Gerard Rennick called Bitcoin a “Ponzi scheme” driven by asset managers such as BlackRock.
Critics, including the Australian Bitcoin Industry Body,…