SEC Charges California Resident for Alleged $26 Million Crypto Pyramid Scheme

The U.S. SEC as initiated court proceedings against a California resident, Daniel Pacheco, for allegedly operating a multimillion-dollar cryptocurrency pyramid scheme. The United States Securities and Exchange Commission (SEC) has initiated court proceedings against a California resident for allegedly operating a multimillion-dollar cryptocurrency pyramid scheme, according to a press release published on May 23. The […]

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Blockchain Credit Union Consortium to Use R3’s Corda for Cross-Border Payments Product

CULedger, a blockchain consortium and credit union service organization, has chosen R3’s Corda blockchain. CULedger, a blockchain consortium and credit union service organization (CUSO), has chosen enterprise software firm R3’s Corda blockchain to underpin its forthcoming cross-border payments product. The news was reported by fintech news outlet Finextra on May 21. As reported, CULedger joined […]

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Cryptocurrency Project OneCoin Denies Ponzi and Pyramid Scheme Claims

Cryptocurrency project OneCoin is reportedly denying claims that it is a “hybrid ponzi-pyramid scheme” and scam. Cryptocurrency project OneCoin is denying claims that it is a “hybrid ponzi-pyramid scheme” and scam, news outlet Samoa Observer reported on May 14. OneCoin is purportedly a cryptocurrency Ponzi scheme project, that raised hundreds of millions of dollars worldwide […]

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