Filipino couple amasses at least P900M in alleged Bitcoin scam

MANILA, Philippines – Police have nabbed a couple promising easy wealth through popular cryptocurrency Bitcoin, Philippine National Police (PNP) chief Director General Ronald dela Rosa announced on Tuesday, April 10.

Arnel and Leonady Ordonio were nabbed by PNP Criminal Investigation and Detection Group (CIDG) operatives, the police division in charge of high-stakes and high-profile crimes.

According to Dela Rosa, the couple has scammed more than 50 unknowing investors, amassing wealth worth P900 million* in "raw capital." This means the amount of money promised to be returned is not yet included in the computation. – Rappler.com

click the link for more info https://www.rappler.com/nation/199915-filipino-couple-amasses-millions-bitcoin-scam
if there are people who scam with bitcoin, The 1st impression of investors here in the philppines will look at bitcoin as scam. -_-

Twitter should donate that handle to either the operators of the bitcoin.org website, or the actual developers contributing to Core.

I just fucking hate it that Roger Ver and his BCrash shills think he has the right of claiming his scummy project has any right to even remotely be put in the same category as Bitcoin. Roger Ver and Jihan Wu are one of the largest Bitcoin holders in this ecosystem, and if we just calculate that they each have at least 200,000BTC, then simple math tells me that they now hold at least 20,000BTC worth of BCrash each (not even calculating how many more they gained by manipulating the market). It's nothing more than a blatant cash grab. At current levels that's a $140 million bonus at minimum.

A currency as a cryptocurrency has many advantages and will — from my point of view — change economics fundamentally.

· Simple example: such a currency allows a government to help bypass restrictions like the lack of correspondent banks.

· More complex example: such a currency allows a government to directly work together with the population. For example, it is possible for the government to submit debit cards to farmers, so they can rebuild their farms after a disaster; without any banks involved (and within days).

These are just examples. Many other possibilities exist.

Government issued wallets on a government blockchain will be here rather sooner than later. Smart contracts will enable a much closer relationship between government and their population. In my above-mentioned example, a government does not even need to issue debit cards. They can select vendors that carry specific products/services and then tell the farmers what products/services they have been allocated to and where they can get them. The process can be fully automated and is transparent. The money transfer is done in the background.

Or what about credit loans for housing projects, or business startup loans to boost sectors of the economy. Operations that are traditionally embedded in banks / credit unions, but in future can be realized directly by governments?

He also claims 1 billion in = 25 billion in added value to MC. So if we do the reverse and he is right on the 25 billion owed that should suck out close to 600+ billion in MC from all time highs. Which puts us at a low end of 175-250 Billion in total market cap. Kind of where we are now...

That's too bad, mailchimp is one of the industry leaders when it comes to an autoresponder, I hope Trafficwave will not ban cryptocurrency related stuff just like Mailchimp does, they will lose clients fast if they do that, there should be regulation on this bad and scam ICO's it's doing damage to us.

It is reported that the new governor is kind of friendly to the bitcoin.

He stated that he is inspired by bitcoin in running the financial system in 2013.

He was a professor at US Indiana University in 1986.

But my personal understanding is the government will not open the free market for the bitcoin. One possible approach is to open a centralized exchange to list the only selective tokens as a way to encourage innovation.

You may find the most updated information from China and beyond by https://t.me/oneminute_crypto_news.

From the word “rumors” seems to be suspicious when binance CEO itself are not giving out such details or affirm of such regulatory compliance from Japanese Government. It can be a case of bad news spreading again to lower the prices on crypto coin under Binance. This is a matter of fact my concern than any truthfulness of this issue.

Economic growth today is about -2% per year. Why is this? If you own more than 0.01 Bitcoin, chances are you don't do anything with your money. There is no inflation, and thus no incentive to invest your money. Just like the medieval ages had no significant economic growth, as wealth was measured in gold, our society has no economic growth either, as people know their 0.01 Bitcoin will be enough to last them a lifetime. The fact that there are still new Bitcoin released is what prevents our world from collapse so far it seems, but people fear that the decline in inflation that will occur during the next block halving may further wreck our economy.