Update: Miners Center Exchange Strategy Includes Above-Market Bitcoin Prices, Physical Offices
As our knowledgeable users have pointed out, there are many indicators to note the very likely possibility of a scam being pulled by the bitcoin-exchange highlighted in the article. The article will remain published to spread awareness of the plausible scam. Miners Center Inc., a Wilmington, Del. (U. S.)-based exchange that offers 10% above market price for bitcoin, claims it will have 10 physical offices by the end of the year: three in U. S., two in Canada, two in Australia, one in the U. K., one in Germany and one in Hungary. The company, which offers higher than market price for....
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Whenever an offer sounds too good to be true, you can bank on it being exactly that. Ever since Bitcoin was introduced to the world, there have been a number of scams and shady services targeting this market. Miners Center is the latest company to offer a shady deal these days, as the company pays a premium price per BTC and includes a surprise gift of....
The loans will be provided to “blue-chip” Bitcoin miners who could back their bids with physical or digital assets. Binance Pool, a mining subsidiary of Binance, launched a $500 million lending project to support the crypto mining industry. It will provide loans to private blue-chip Bitcoin (BTC) crypto miners. According to the official blog post from Oct. 14, the Binance Pool will provide access to a $500 million loan fund on several conditions, which include an 18-to-24-month term, 5% to 10% interest rates, and some physical or digital assets as a security. The company will look at a....
[Note: One of our readers has complained about the shady nature of Miners Center as a Bitcoin mining firm. We are currently trying to get in touch with the owners of this company. Please visit this space soon to get a detailed version.]. [Update1: A mail that was sent to Miners Center official id was returned with an error. It seems like the id "[email protected] " doesn't exist and the claims made by readers were genuine. We truly apologize for the inconvenience caused by our writer.]
An increasing number of financial and crypto pyramids targeting Russian investors have been opening physical offices in the country. The Central Bank of Russia has recently expressed concern over the trend which is seen as an indication that the fraudsters expect growing demand.
Russian Crypto Scams Launch Offices to Lure More Investors In-person, Bank of Russia Says
Financial pyramids and illegal forex dealers in Russia, many of which now specialize in offering crypto investment and settlement opportunities, are moving offline, the daily Izvestia reported quoting the Central....
Welcome to the CCN weekly altcoin news update, where we profile newsworthy altcoin stories that have flown under the radar. This week's update includes an analysis of the Stellar price's early volatility, information about Darkcoin's latest update to DarkSend, its anonymous transaction protocol, and Viacoin's smart-contract ClearingHouse announcement and presale. Stellar Price Volatility. Stellar, the new Ripple-esque payment protocol from Mt. Gox and Ripple co-founder Jed McCaleb, has quickly gained adoption due to the project's aggressive distribution strategy, which includes giving away....