Major Japanese Rewards Scheme Now Pays Out in Bitcoin
Japanese bitcoin exchange bitFlyer has integrated with a popular rewards-point service to allow consumers to receive their payouts in bitcoin. The exchange's latest move to boost bitcoin's appeal in Japan comes via a new relationship with PointTown, a "major integrated points collection site" managed by online payments and services company GMO Media. With the new partnership, customers who have earned points with PointTown will be able to cash them out in bitcoin. To do so, however, customers will need to set up a bitFlyer account. PointTown currently has 1.88 million registered users in....
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Ponzi scheme: A fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Many of the under-informed, the under-educated, and the under-control masses have lobbed this parting shot at Bitcoin over the years. People tend to fear things that they don't understand, and will hide behind that fear with blind attacks that sound right, but are just as ignorant, if not more so. Bitcoin clearly does not fall into the definition of a "Ponzi....
Four men have been arrested in Aichi Prefecture for allegedly running a fraudulent crypto scheme that drew in 20,000 Japanese investors and raised 6 billion yen. Four men have reportedly been arrested in Japan's Aichi Prefecture for running an allegedly fraudulent crypto investment scheme that persuaded investors they could reap returns on the basis of an artificial intelligence (AI)-led trading system.Roughly 20,000 Japanese investors nationwide are thought to have been drawn into the scheme, which raised an estimated total of 6 billion yen ($55 million). The four suspects: Shoji Ishida,....
Hitachi, a major and decades-old Japanese conglomerate and multinational is implementing a blockchain platform onto its popular point management and rewards platform, PointInfinity. Japanese blockchain developer and bitcoin exchange Tech Bureau is providing ‘Mijin’ its private blockchain solution to Hitachi’s PointInfinity, which sees over 150 million members on its platform. The revelation was made in a recent blog post by Tech Bureau, confirming that the test had begun on February 9 this year. PointInfinity is a hugely successful point management solution adopted by merchants and service....
OKWave, which is a Japan's question and answer platform similar to Quora, announced its plans to include a bitcoin tipping scheme. The company's name comes from 'oshiete' (Japanese for "tell me") and 'kotaeru' (Japanese for "answer") and serves as a community for helping its users out. The platform was established back in 1999 and is the country's largest Q&A site. The community is rooted in gratitude and users can express thanks by leaving comments under their favorite answers. With a bitcoin tipping scheme, users can be able to send tips in exchange for helpful feedback. Bitcoin Tipping....
Charles Ponzi. Trendon Shavers, aka "Pirate@40," was arrested this morning on securities fraud and wire fraud charges stemming from his involvement in a Bitcoin-related Ponzi scheme. A Ponzi scheme is a fraudulent investment operation where the operator pays returns to its investors from new capital paid by new investors, rather than from profit earned. The scheme is named after Charles Ponzi, who became notorious for using the technique in 1920. Shavers was the founder and operator of Bitcoin Savings and Trust (BCS&T), which offered and sold Bitcoin-based investments through the Internet.....