• The man, the legend... Charles Ponzi (via Smithsonian/public domain).
    Bitcoin

    Three charged in BitClub Network’s alleged $722 million bitcoin Ponzi scheme

    Three men are accused of using the BitClub Network cryptocurrency mining pool to defraud investors, referring to them as ‘sheep’ and ‘idiots’

    A Ponzi scheme that stole $722 million from investors in a fraudulent cryptocurrency mining pool has been broken up by FBI and IRS agents, according a federal indictment. BitClub Network promised investors around the world shares in the earnings of a major non-existent bitcoin mining pool.

  • Lakiha "Kiki" and Mike Tyson (Courtesy of Lakiha Tyson).
    Alt coins,  People

    EXCLUSIVE: Mike Tyson’s wife/manager on the fight against bogus Tyson Token

    The boxing champion’s wife tells Modern Consensus how Chinese fugitive Shi Jianxiang forged claims that he supports the Fight to Fame blockchain and its Tyson Token

    Former boxing champion Mike Tyson is embroiled in a dispute with Fight to Fame, a blockchain startup which has been very publicly claiming that he not only endorsed the company and its planned “Tyson Token” cryptocurrency, but that he is a co-founder and active member of the company. The company has said it plans to host a series of fights around the world, selecting the most popular fighters for a reality TV show and then Hollywood action movies. Tokens would be used by fans to vote for and bet on their favorite fighters, as well as support other projects.

  • Mike Tyson at the South by Southwest Festival in Austin, Texas (Photo by Eduardo Merille, via Wiki Commons).
    Alt coins,  Media

    Mike Tyson’s wife/manager blasts fake crypto story posted by VentureBeat, Cointelegraph, Decrypt

    Blockchain start-up Fight to Fame’s claim that the boxing champ is part of the company is false, she tells Modern Consensus

    Mike Tyson’s wife—who is also his manager—told Modern Consensus that the former champion has never been involved with Fight to Fame. The company claims to be building a cross-media entertainment platform that would combine blockchain technology with live fights, movies, TV, and social media to give fighters more money and control of their careers.

  • Iron Mike Tyson (© Glenn Francis, www.PacificProDigital.com).
    Alt coins,  Media

    Crypto media fooled by fake Mike Tyson cryptocurrency

    A story in VentureBeat and Cointelegraph about an Iron Mike-backed blockchain startup for fighters is on the ropes

    Say this in Mike Tyson’s lisping, high-pitched voice: “As a seasoned fighter, I want to mentor future generations, especially future action stars and make sure there’s a path to career success and fair compensation. Building this global platform for them is a passion of mine.”