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Be careful of the crypto you’re investing in. #onecoin $ONE
LIVEAlpha Batcher
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Crypto Queen Ruja Ignatova Vanished with $4B
Ruja Ignatova — one of the most wanted women in the world. She created the OneCoin crypto scheme, leading to billions of dollars in investor losses
Ruja Ignatova was born in Bulgaria in 1980 and received her law degree in Germany
In 2014, she founded OneCoin, promoting it as a revolutionary cryptocurrency and a lucrative investment
OneCoin attracted investors with promises of high returns. People worldwide invested their savings, believing in the success
However, doubts about the company's legitimacy soon arose
By 2017, it became clear that OneCoin was a Ponzi scheme
Investors could not withdraw their money, and investigators discovered that blockchain technology did not exist at all
The financial pyramid scheme Onecoin emerged in July 2014. The startup Ruzhi's promise is a cryptocurrency “understandable to anyone”
Depositors were offered to buy so-called “training packages” that supposedly included the cryptocurrency and instruction on how it worked
The cost of such packages ranged from a few hundred to 118 thousand euros
In October 2017, Ruja Ignatova suddenly disappeared. She hasn't been seen since
Numerous investigative agencies worldwide launched investigations, and Ignatova was placed on international wanted lists
It's believed that Ruja Ignatova and her associates defrauded investors out of billions of dollars from over 170 countries
This scam became one of the largest in cryptocurrency history
Ignatova's whereabouts remain a mystery. There are various theories about where she might be, but no confirmed information
Her brother, Konstantin Ignatov, was arrested in 2019 and is cooperating with authorities
This story reminds us of the importance of caution when investing in new financial projects, especially cryptocurrencies. Always verify information and stay vigilant
I hope my article was helpful, if so, please :
Follow me for more alpha content
Like & Repost to motivate me continue
Ruja Ignatova was born in Bulgaria in 1980 and received her law degree in Germany
In 2014, she founded OneCoin, promoting it as a revolutionary cryptocurrency and a lucrative investment
OneCoin attracted investors with promises of high returns. People worldwide invested their savings, believing in the success
However, doubts about the company's legitimacy soon arose
By 2017, it became clear that OneCoin was a Ponzi scheme
Investors could not withdraw their money, and investigators discovered that blockchain technology did not exist at all
The financial pyramid scheme Onecoin emerged in July 2014. The startup Ruzhi's promise is a cryptocurrency “understandable to anyone”
Depositors were offered to buy so-called “training packages” that supposedly included the cryptocurrency and instruction on how it worked
The cost of such packages ranged from a few hundred to 118 thousand euros
In October 2017, Ruja Ignatova suddenly disappeared. She hasn't been seen since
Numerous investigative agencies worldwide launched investigations, and Ignatova was placed on international wanted lists
It's believed that Ruja Ignatova and her associates defrauded investors out of billions of dollars from over 170 countries
This scam became one of the largest in cryptocurrency history
Ignatova's whereabouts remain a mystery. There are various theories about where she might be, but no confirmed information
Her brother, Konstantin Ignatov, was arrested in 2019 and is cooperating with authorities
This story reminds us of the importance of caution when investing in new financial projects, especially cryptocurrencies. Always verify information and stay vigilant
I hope my article was helpful, if so, please :
Follow me for more alpha content
Like & Repost to motivate me continue
LIVELaraxen
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BREAKING ‼️
Billionaire Peter Thiel tells Joe Rogan that #Bitcoin is such a big deal that society does not know how to process and recognise it immediately.
Billionaire Peter Thiel tells Joe Rogan that #Bitcoin is such a big deal that society does not know how to process and recognise it immediately.
LIVELaraxen
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Bitcoin's rise again came with institutional investor: JPMorgan analysis
JPMorgan analysts evaluated Bitcoin's decline from $70,000 to $49K in a week and its rise again. Analysts stated that institutional investors did not follow risk reduction despite the declines, and below this is the confidence in Bitcoin.
The night that connected the market to Monday, the declines in the world financial markets also had a sharp impact on the cryptocurrency world. While Bitcoin fell to 49 thousand dollars on Monday morning, it later increased to around 55 thousand dollars. The rise that took place in these minutes, JPMorgan analysts commented.
'The impact of corporate investors...'
Analysts led by Nikolaos Panigirtzoglou wrote in their recent report that behind the return on Bitcoin is that institutional investors have confidence in the biggest cryptocurrency:
“This return has come with institutional investors who have taken almost no steps towards taking risks. Transactions in Bitcoin futures positions reflected positively on prices. The fact that the premium price of Bitcoin in futures is higher than the spot price clearly shows the trust of futures investors.
What are the reasons?
According to analysts, there are several reasons behind the trust of this group of institutional investors in Bitcoin. JPMorgan analysts; Genesis and Mt. They stated that the reasons underlying this trust are largely over for Gox sales, the fact that the Morgan Stanley bank allows asset managers to propose Bitcoin spot ETFs, and that FTX will make payments in cash in the coming period.
Experts also wrote that in the elections in the US, not only Republicans, but also Democrats in the future, think they will have positive moves for the crypto space.
In the report, it was also stated that the declines were not based on cryptocurrencies, but on the contrary, they were related to the traditional financial world.
$BTC
#MarketDownturn #bitcoin #JPMorganBitcoin
JPMorgan analysts evaluated Bitcoin's decline from $70,000 to $49K in a week and its rise again. Analysts stated that institutional investors did not follow risk reduction despite the declines, and below this is the confidence in Bitcoin.
The night that connected the market to Monday, the declines in the world financial markets also had a sharp impact on the cryptocurrency world. While Bitcoin fell to 49 thousand dollars on Monday morning, it later increased to around 55 thousand dollars. The rise that took place in these minutes, JPMorgan analysts commented.
'The impact of corporate investors...'
Analysts led by Nikolaos Panigirtzoglou wrote in their recent report that behind the return on Bitcoin is that institutional investors have confidence in the biggest cryptocurrency:
“This return has come with institutional investors who have taken almost no steps towards taking risks. Transactions in Bitcoin futures positions reflected positively on prices. The fact that the premium price of Bitcoin in futures is higher than the spot price clearly shows the trust of futures investors.
What are the reasons?
According to analysts, there are several reasons behind the trust of this group of institutional investors in Bitcoin. JPMorgan analysts; Genesis and Mt. They stated that the reasons underlying this trust are largely over for Gox sales, the fact that the Morgan Stanley bank allows asset managers to propose Bitcoin spot ETFs, and that FTX will make payments in cash in the coming period.
Experts also wrote that in the elections in the US, not only Republicans, but also Democrats in the future, think they will have positive moves for the crypto space.
In the report, it was also stated that the declines were not based on cryptocurrencies, but on the contrary, they were related to the traditional financial world.
$BTC
#MarketDownturn #bitcoin #JPMorganBitcoin
