According to leading chinese website Sixthtone.com:
“Police in central China’s Hunan province recently cracked a digital currency pyramid scheme crime involving 15 billion yuan ($2.4 billion) and arrested 119 suspects, a local television station reported Monday.
Founded by a Bulgarian woman, Ruja Ignatova, OneCoin entered China in September 2014. Though it is promoted as a cryptocurrency, it operates a private blockchain, unlike popular rivals like bitcoin, which uses a transparent public ledger.
In December of last year, the Zhuzhou Intermediate People’s Court in Hunan ruled that OneCoin was an illegal pyramid scheme — a multilevel marketing business that raises profits primarily by recruiting new investors. The verdict also revealed that the organization had charged membership fees of 1,000 to 280,000 yuan. Law enforcement confiscated more than 1.6 billion yuan from the criminal network.
The phenomenal growth of cryptocurrencies over the past few years has attracted millions of investors while also creating opportunities for criminals to take advantage of hype around the technology.
Zhuzhou police were tipped off about OneCoin as early as March 2016, and in December the same year, state broadcaster China Central Television warned the public that OneCoin was one of more than 60 virtual currencies that exploited the concepts of blockchain technology
Tag Archive for Crypto Currency
Hot Business News Today
Starbit Achived 50,000 WalkyBit Users Worldwide
by Ted Nuyten • • 0 Comments
Starbit International uses a compensation plan with 10 different earning centers, that claims to be full compliance worldwide as there are no fees to subscribe, nothing to buy, and distributors are rewarded only from the sales of services.
Starbit idea to combine a well designed App to certify users’ daily “physical activity” with the green concepts and a better future: secure, ecologic, right and free.
Moving for health, saving C02, helping the environement, living a 100% wellness lifestyle and getting useful tips in a growing market, having fun: learning by doing and playing.
This concept is now expanding to the next level: WalkyFit is a Data transmitting free App that anyone can use for free.
WalkyBit data access is the gaming service (5 days free trial) that converts all movements (certified by the App) into tokens.
Up to now users received tokens by the CNTF community. Over 24 million coins belong to new users thanks to this patent pending technology .
And day by day the company receive many requests from other communities, very soon a second new community will be added, and a third one in few weeks.
The idea is to transform WalkyBit Data Access into an “Hub” that contains many opportunities and different tokens.
Luana
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1,200+ Attendees At The Team Revolution Network Event In Bogota
by Ted Nuyten • • 0 Comments
1,200+ Attendees at the Team Revolution Network (TRN) exclusive event in Bogota, Colombia.
Followed by events across Mexico in 4 different cities for the first time, all the events were house full.
Team Revolution is spearheaded by Monir Islam and Moyn Islam and their team has surpassed 70,000 members in less than 8 months.
While this is indeed a milestone for any team or company in any industry, but especially this team, it’s so much more than a number, they have become a family who been through many ups and down to be where they are today, according to the Islam brothers.
Monir Islam:
Many who started, in the beginning, was not able to handle the pressure but many great leaders stayed! We feel blessed and humbled.
We’ve started 2018 strong, faster and with a lot of momentum than ever before.
I can say with 100 percent certainty that we have never in all the years in network marketing felt better or more excited than we do at this very moment.
This year will be our best year yet. How do we know? Because whatever we did in 2017 was about building a foundation for a great 2018 – and that foundation is solid!
We asked them: What’s the
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Starbit International Launches Ars Superchain 2.0 Mining Software
by Ted Nuyten • • 0 Comments
Starbit international continues its growth and expansion and makes significant investments in the expansion of its block chain services and development of digital offerings.
In December 2017, Starbit International surpassed 668% growth in its first year, better to say, in just 7 months since its launch back in May 2017.
Thousands of new distributors and about 55,000 new customers all over 47 countries of the world.
Recently Starbit International has launched Ars Superchain 2.0. The first software to mine with one click.
After the innovative WalkyBit App, Starbit has launched this software program which able users to mine cryptocurrencies with one click on any windows pc into a potential digital automatic residual income generator.
It learns how real mining works, providing graphics and information about the block chain world. The practical part enables any user to start mining modern cryptocurrencies without any technical knowledge just with one click.
Ars SuperChain 2.0 is special software to be simply installed on any windows Pc that works over a 12 months period of time providing a -learn by doing Block chain Information pack – together with 2 days Blockchain & Motivation Intensive Seminar in Dubai.
Luana Sicari, CSO stated:
“Starbit wants to offer innovative products and a great opportunity for promoters to enlarge the potential customer base generating
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Starbit Launches Crypto Protector And Boost Sales Volumes
by Ted Nuyten • • 0 Comments
An unique Antivirus and Special Ransomware Software Technology can finally help all cryptocurrency communities thanks to Starbit.
In times even more subject to cyber attacks Crypto Protector is a particularly innovative product for pc and mobiles protection. This product is a “must” for anyone in the world using a pc, and of course for any crypto wallet user”.
A product that will keep pushing sales to higher levels.
Nowadays nasty type of malware can attack and block access to a computer or its data and demands money to release it.
When a computer is infected, the ransomware typically contacts a central server for the information it needs to activate and then begins encrypting files on the infected computer with that information.
Once all the files are encrypted, it posts a message asking for payment to decrypt the files – and threatens to destroy the information if it doesn’t get paid, often with a timer attached to ramp up the pressure.
Most ransomware is spread hidden within Word documents, PDFs and other files normally sent via email, or through a secondary infection on computers already affected by viruses that offer a backdoor for further attacks.
Crypto Protector deals with known ransomware in a way no other solution can.
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Hundreds Of Attendees At Starbit’s International Convention
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Starbit International held its first International Convention on March 10 – 11 at the Cataluna Convention Centre in Barcelona (Spain), drawing hundreds of enthusiastic promoters from different countries of the world.
A robust lineup of updates and news have been announced all weekend long, along with training, education, motivation, and shared valuable business tips and best practices.
Unique Exclusive Software to protect all devices (Pc and Mobiles) from virus and Crypto viruses attacks was launched and will interest millions of people using computer and smartphone every day.
The first worldwide software ARS Superchain 2.0 to transform any PC in an automatic residual income machine was introduced in the market. It’s the first start and go product able to generate token automatically without any knowledge of the blockchain area.
Last but not least, the introduction of WalkyBit Data Access also for Ios devices on Apple Store: a boom for Starbit market growth. Walkybit data access is a technology receiving daily activities data of users and transforming the same in token bounties to provide benefits to the user community.
“The goal is very clear: 1 million users. We can make it, and we will!” says Luana Sicari, Starbit CSO.
The compensation plan mathematically will pay over 50% in
Hot Business News Today
Ormeus Global Crypto Currency Appoints Kurtz Bentzen As CEO
by Ted Nuyten • • 0 Comments
Ormeus Global – has a network marketing compensation plan – and announced at the Oslo event of the Ormeus Global European Tour that Kurt Bentzen replaces current CEO, Rick Fleshman. Ormeus Coin is their network marketing division.
Ormeus Coin with John Barksdale as Global Master Distributor, has opened a new state-of-the-art industrial crypto mining facility in St. Lawrence County, upstate New York.
The purpose-built North Country operation is part of a wider $250 Million cryptocurrency mining business which secures new digital money system Ormeus Coin, (Orme).
A recent independent legal and financial audit published by a leading attorney at law revealed Ormeus Coin is currently making $5.4 million per month from mining, which will increase to $6.7 million in the next two months.
Ormeus Coin is also leading the way in the use of new technologies utilizing a custom-built Artificial Intelligence (AI) engine to optimize mining activity. The AI engine works by selecting the most valuable cryptocurrencies to mine thereby removing any human bias.
The other Ormeus Coin industrial cryptocurrency mining farms are located in the Mid-West of the United States.
Mr. Fleshman will assume the role of Founder and Consultant and continue to work with Ormeus Global on special projects. Mr. Bentzen joined former CEO, Rick Fleshman,
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USA – Wyoming Legalises Crypto Currencies – And Network Marketing?
by Ted Nuyten • • 0 Comments
As there is a debate in the Network Marketing industry about the legal side of crypto currencies this might be an interesting development.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any opportunity 🙂
CGI Limited is the creator of the BetChip and Coinsino, a crypto currency with a network marketing compensation plan accepted by a number of casino’s. Mining takes place in Costa Rica and the casinos are licensed in that country.
Lorence Irvine is CEO and Daniel Grenon the Chief Marketing Officer, Edward Reyes and Esteban Robles are co-founders.
Coinsino is a combination of the words “coin” and “casino”. The company aims to change the norm in the gaming industry by allowing token holders to “be the casino”. By that, Coinsinos means that token holders will receive a share of profits earned by the casino.
A number of network marketing top leaders are involved such as Jef Welch and Juha Parhiala.
The state of Wyoming in the USA is poised to become the Cryptocurrency capital of America.
According to a company representative:
“It was an honor to experience the time we had with several members of the Wyoming Legislature.
State Representative Tyler Lindholm,
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OneCoin $8 Billion In Combined Sales And Still In Business
by Ted Nuyten • • 0 Comments
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any opportunity.
In January 2018 the Bulgaria’s Special Prosecutor’s Office raided the head office of OneCoin and OneLife in Bulgaria and seized several computers. The company has done an estimated $8 Billion in revenue since the start.
According to the brother of Ruja Ignatova founder and CEO, Konstantin Ignatov who is now in charge of the daily operations, all equipment seized is giving back and no arrests were made. Both websites www.onecoin.eu and www.onelife.eu are operational.
Ruja Ignatova is well, however got death threats and therefore will not be seen in public.
The next communication OneCoin send to their members, most likely with the involvement of consultant Frank Ricketts:
“OneLife Office Raided and Computers Seized”
Those two words, “raided” and “seized,” they sure cause some goose bumps to occur and make you wonder what is going on and it is not on the positive side of life. Of course these words were used by websites like CoinDesk and CoinTelegraph, which are both biased websites and cannot be trusted as truthful since people pay them to post articles on their websites.
The haters continue to
Hot Business News Today
Starbit Host It’s First International Convention In Spain
by Ted Nuyten • • 0 Comments
Hundreds of people will attend this annual event, held this time in Barcelona. The venue is next to the Nou Camp Stadium, to ensure a unique experience for the first Global WalkyBit Event.
“We are all excited!” says Luana Sicari, Chief Sales Officer.
“The first session will see all participants gather together for the first official walk sponsored by Walkybit in the magnificent city of Barcelona.
An important event that will underline the great power behind this service and the whole mission of the company: improve people’s life under many points of view: increasing people incomes thanks to our opportunity and allow users to improve their the attitute to move and be fit for wellness, learning the basics on the blockchain by having fun, and helping the planet, saving Co2.”
This stunning walk will kick off the weekend. Exciting announcements sessions will follow with news that will astonish everyone and will open the doors for a new future.
We want to build a different approach to network marketing as a profession and a home to stay for years to come.
A global event, with recognition and training sessions to highlight the unity of a community that is already working in 45 countries and wants to