Top Australian BitConnect promoter banned by ASIC for 7 years

John Bigatton has been barred from providing financial services in Australia for seven years for his involvement with the BitConnect Ponzi scheme. The Australian Securities and Investments Commission (ASIC) has banned John Louis Anthony Bigatton, the former ‘Australian National Representative’ of the multi-billion-dollar crypto Ponzi scheme BitConnect, from providing financial services for seven years. ASIC […]

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Vitalik Buterin compares DeFi tokenomics to the Fed’s money printer

Ethereum’s co-founder has taken aim at coins designed to incentivise yield farming, comparing their underlying economics to irresponsible monetary policies Vitalik Buterin, the co-founder of Ethereum (ETH), has again taken to Twitter to warn against naive bullishness in the decentralized finance (DeFi) sector, comparing the economics of yield farming tokens to the Federal Reserve’s money […]

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Australian racing groups probe firm allegedly involved in OneCoin

Phoenix Thoroughbreds may need to wait before racing again. Australian horse racing officials are investigating a group raising thoroughbreds after its alleged involvement with OneCoin. According to news reports, Racing NSW confirmed it is investigating Phoenix Thoroughbreds while a second group, Racing Victoria, is in contact with international officials regarding the company. The allegations against […]

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