31 Jan '14, 12am

Bitcoin

The central bank of Estonia, where Swedish banks dominate the lending market, urged consumers to steer clear of Bitcoin, warning that the software and others like it could prove to be little more than a "Ponzi scheme ." Bitcoin “is a problematic scheme,” Mihkel Nommela, head of the Estonian central bank’s payment and settlement systems department, said in an e-mailed reply to questions. “All risks are assumed by the user, who has no one to turn to for help.” Regulators and banks are escalating warnings against Bitcoin, and other digital currencies, amid concern such software lends itself to financial crime. Bitcoin enthusiasts suffered a blow this week when it emerged Charlie Shrem, vice chairman of Bitcoin Foundation, was charged in the U.S. for attempting to sell Bitcoins to narcotics traffickers. SEB AB, the largest Nordic currency trader and the second-biggest bank in ...

Full article: http://www.bloomberg.com/news/2014-01-30/bitcoin-ponzi-sc...

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Bitcoin

Bitcoin

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businessinsider.com 31 Jan '14, 3pm

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Transparent Bitcoin Ponzi scheme

ponzi.io 08 Feb '14, 5pm

Send BTC. Get 120% back when the next person sends. 1ponziUjuCVdB167ZmTWH48AURW1vE64q Note: do not send from a web wallet....

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foreignaffairs.com 01 Feb '14, 7am

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To bring you Twitter, we and our partners use cookies on our and other websites. Cookies help personalize Twitter content,...

Bitcoin's Legality Around The World

forbes.com 01 Feb '14, 1am

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businessinsider.com 30 Jan '14, 9pm

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#bitcoin

#bitcoin

coindesk.com 31 Jan '14, 2pm

A new Hong Kong bitcoin exchange has launched after raising $2m in funding from local investors. The exchange, HKCex , sai...

#Bitcoin

coindesk.com 31 Jan '14, 12am

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