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$1B Crypto Ponzi Scheme Revealed by Regulators

Ponzi Scheme

$1B Crypto Ponzi Scheme Revealed by Regulators


It’s been a tough six months to be a crypto investor. Whipsawing markets, faltering assets and economic pressures have all combined to shock the nascent market.

The price of crypto’s best-known coin, bitcoin, has slumped since November and currencies that were touted as safe and secure because they were pegged to the dollar and monitored via exchanges have seen their valuations crumble.

There were some high points.

Crypto evangelists began seeing a thaw in how the market is regulated, as international and domestic authorities began steps to understand and oversee the sector’s potential.

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