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bitcoin

08/08/2018 / By JD Heyes

CNBC running “pump and dump” Bitcoin scam to fleece viewers, warns Peter Schiff

The economic prophet who correctly predicted the 2008 housing collapse and ensuing “Great Recession” has said during a recent podcast that financial news network CNBC continues to promote the viability of Bitcoin despite the fact that the cryptocurrency is headed for collapse. Appearing on the Quoth the Raven podcast, Peter Schiff said the network hasn’t had him […]

01/22/2018 / By Ethan Huff

BitConnect collapse reveals that cryptocurrency sites can really only succeed as long as they receive good press to build “confidence”

A major cryptocurrency exchange known as BitConnect has shut down its trading platform and reverted to just a storage wallet following recent crackdowns by state authorities for the alleged unauthorized sale of securities. In a recent blog post published to the company’s website, BitConnect also pointed to “bad press,” which it says eroded consumer confidence […]

05/26/2017 / By Mike Adams

Bitcoin moves into “pump and dump” phase as heavy Bitcoin holders push greed-driven mania in hopes of attracting new wave of suckers

After yesterday’s massive Bitcoin correction, which saw the crypto currency plunge nearly $500 — over 10% — in a matter of hours, the Bitcoin propagandists took to their microphones to denounce anyone who rationally warns people about the volatility risk and increasingly “Ponzi” structure of Bitcoin. What do all the people still pumping Bitcoin have […]

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