• Latest
Indian Authorities Arrest 4 Individuals Accused of Crypto Ponzi Scheme

Indian Authorities Arrest 4 Individuals Accused of Crypto Ponzi Scheme

July 5, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Litecoin

Indian Authorities Arrest 4 Individuals Accused of Crypto Ponzi Scheme

coinnewsdaily by coinnewsdaily
July 5, 2019
in Litecoin
0
Indian Authorities Arrest 4 Individuals Accused of Crypto Ponzi Scheme
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin Will Overtake Gold’s MarketCap in 9 years, Says Bobby Lee |

Sell or hodl? How to prepare for the end of the bull run, Part 2

April 10, 2022
How to prepare for the end of the bull run, Part 1: Timing

How to prepare for the end of the bull run, Part 1: Timing

April 3, 2022

The Criminal Investigation Department (CID) of India has arrested Vijay Prajapati, Dhiraj Patel, Kamruddin Syed, and Ashiq Shaikh, the alleged creators of the cryptocurrency KBC Coin, according to a report by The Times of India on July 4.

As per the report, the CID argues that KBC is a Ponzi Scheme. 

KBC reportedly launched 6 months ago, and its price has not moved since. KBC coins were reportedly issued at 10 paisas apiece, with the promise that they would skyrocket in value to 10 rupees in a short time ⁠— a 100-fold return on investment. 

According to a CID member, an individual named Baljeetsingh Lashkariya promoted KBC via a pyramid scheme, saying that the “first investor in the chain would get an incentive from the last circle of investors. This offer played a major role in bringing more investors to the company.” 

Lashkariya and another promoter, Mohan Patel, have reportedly “gone underground.”

As previously reported by Cointelegraph, Indian legislators have recently proposed a bill that would punish crypto enthusiasts in the country with up to 10 years in jail for violating the country’s anti-crypto laws.

This enforcement policy is apparently part of the proposed bill “Banning Cryptocurrencies and Regulation of Official Digital Currency Bill 2019,” said The Block.

Early drafts of this bill appeared at least as far back as April as a means to ban crypto activities in India.



Credit: Source link

Tags: Litecoin
Share76Tweet48
Previous Post

Price Analysis 05/07: BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, TRX, ADA

Next Post

Top Crypto Markets Report Losses, Bitcoin Hovers Around $11,000

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

Bitcoin Will Overtake Gold’s MarketCap in 9 years, Says Bobby Lee |
Bitcoin

Sell or hodl? How to prepare for the end of the bull run, Part 2

April 10, 2022
How to prepare for the end of the bull run, Part 1: Timing
Bitcoin

How to prepare for the end of the bull run, Part 1: Timing

April 3, 2022
Bull or bear market, creators are diving headfirst into crypto
Alt Coin

Bull or bear market, creators are diving headfirst into crypto

April 2, 2022
crypto listing and delisting announcements: week 9
Alt Coin

Crypto Listing and Delisting Announcements: Week 9

February 28, 2022
unstable markets how to invest in cryptocurrency
Alt Coin

How to invest in cryptocurrency when the market is uncertain, explained

December 21, 2021
be your own banker secrets
Alt Coin

Bitcoin and Crypto Wallet Hygiene 101

November 22, 2021
Load More
Next Post
Top Crypto Markets Report Losses, Bitcoin Hovers Around $11,000

Top Crypto Markets Report Losses, Bitcoin Hovers Around $11,000

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$29,938.00-1.29%
  • ethereumEthereum(ETH)$2,040.20-2.49%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$300.72-0.80%
  • rippleXRP(XRP)$0.422356-1.96%
  • cardanoCardano(ADA)$0.57-0.16%
  • SolanaSolana(SOL)$55.360.24%
  • polkadotPolkadot(DOT)$10.78-5.77%
  • dogecoinDogecoin(DOGE)$0.088257-2.46%
  • tronTRON(TRX)$0.069293-0.90%
  • Shiba InuShiba Inu(SHIB)$0.000012-3.96%
  • daiDai(DAI)$1.00-0.23%
  • CronosCronos(CRO)$0.1942440.14%
  • litecoinLitecoin(LTC)$67.90-1.55%
  • matic-networkPolygon(MATIC)$0.69-2.02%
  • leo-tokenLEO Token(LEO)$4.900.05%
  • FTX TokenFTX Token(FTT)$32.090.82%
  • bitcoin-cashBitcoin Cash(BCH)$203.28-1.93%
  • chainlinkChainlink(LINK)$7.47-2.64%
  • stellarStellar(XLM)$0.137383-1.17%
  • cosmosCosmos Hub(ATOM)$11.37-3.00%
  • OKBOKB(OKB)$12.40-2.41%
  • algorandAlgorand(ALGO)$0.4711113.38%
  • moneroMonero(XMR)$167.841.61%
  • ethereum-classicEthereum Classic(ETC)$21.01-1.59%
  • ElrondElrond(EGLD)$94.89-0.51%
  • vechainVeChain(VET)$0.031450-0.53%
  • Internet ComputerInternet Computer(ICP)$8.39-4.77%
  • filecoinFilecoin(FIL)$8.45-4.96%
  • tezosTezos(XTZ)$1.80-1.18%
  • makerMaker(MKR)$1,555.915.38%
  • theta-tokenTheta Network(THETA)$1.34-2.46%
  • PancakeSwapPancakeSwap(CAKE)$4.541.21%
  • eosEOS(EOS)$1.33-1.10%
  • zcashZcash(ZEC)$106.20-3.58%
  • AaveAave(AAVE)$85.060.40%
  • huobi-tokenHuobi Token(HT)$7.010.15%
  • bitcoin-cash-svBitcoin SV(BSV)$53.680.79%
  • iotaIOTA(MIOTA)$0.3631441.66%
  • paxos-standardPax Dollar(USDP)$1.000.06%
  • neoNEO(NEO)$10.47-0.14%
  • zilliqaZilliqa(ZIL)$0.050973-3.80%
  • KusamaKusama(KSM)$75.658.22%
  • wavesWaves(WAVES)$6.63-4.34%
  • dashDash(DASH)$58.74-0.85%
  • havvenSynthetix Network Token(SNX)$2.79-4.10%
  • basic-attention-tokenBasic Attention Token(BAT)$0.399783-0.40%
  • nemNEM(XEM)$0.0589321.90%
  • CompoundCompound(COMP)$69.61-2.00%
  • qtumQtum(QTUM)$4.060.64%
  • yearn-financeyearn.finance(YFI)$9,926.65-2.51%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • omisegoOMG Network(OMG)$2.503.38%
  • bitcoin-goldBitcoin Gold(BTG)$19.701.44%
  • ethlendAave [OLD](LEND)$4.103.48%
  • golemGolem(GLM)$0.256832-0.28%
  • SushiSushi(SUSHI)$1.29-2.74%
  • ontologyOntology(ONT)$0.2790193.10%
  • umaUMA(UMA)$3.072.08%
  • digibyteDigiByte(DGB)$0.012189-4.01%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....