Warren Buffett is famous for saying “Only when the tide goes out do you discover who's been swimming naked.” If you invested in cybercoins, the news has not been good lately. Are you wearing your bathing suit? What to do? Is time to take your profits … or cut your losses?
The international investment community was shocked and saddened to learn of the utterly unexpected news that millions of investors worldwide were victims of a pyramid scheme involving cryptocurrency accounts controlled by “founders” in Tbilisi, Republic of Georgia, and Moscow. The SEC charged 11 people in the case in August.
No, wait. Nobody was shocked or surprised. This was the least surprising story of 2022. If you were playing “Password” and the first two clues were “Cryptocurrency” and “Moscow,” the only rational guesses would be “Pyramid” or “Ponzi.” Full credit for either answer.
Domestic actors have been at work as well. The founder of California’s Titanium Blockchain Infrastructure Services recently...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...