Researchers: Bitcoin Price Drop Not Caused by $3B Ponzi BTC Dump

Researchers: Bitcoin Price Drop Not Caused by $3B Ponzi BTC Dump

A Bitcoin sell-off by Chinese Ponzi scheme PlusToken is not the cause of the recent price drop, researchers concluded. Bitcoin’s (BTC) recent price drop has not been caused by Bitcoin sell-offs from a $3 billion Chinese Ponzi scheme PlusToken, according to researchers at crypto analytics firm TokenAnalyst. Crypto analytics firm: PlusToken cannot be the cause As Bloomberg reports on Aug. 15, co-founder of London-based cryptocurrency analytics firm TokenAnalyst, Sid Shekhar, said that a Bitcoin dump by…

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$3B Ponzi Scheme Is Now Allegedly Dumping Bitcoin by the Hundreds

$3B Ponzi Scheme Is Now Allegedly Dumping Bitcoin by the Hundreds

Amid a downturn in the cryptocurrency markets, the apparent swathe of Bitcoin sell-offs from a $3 billion Chinese Ponzi scheme could be to blame. Amid a downturn in the cryptocurrency markets, the apparent swathe of Bitcoin sell-offs from a $3 billion Chinese Ponzi scheme could be to blame.On Aug. 14, Dovey Wan — founding partner of blockchain-based investment company Primitive Ventures — called attention to the ongoing mass sell-offs from the fraudulent Chinese investment…

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