Dubious Bitcoin Scheme Uses Ethereum ICO to Keep the Game Going

By Kyle Torpey

Dubious Bitcoin Scheme Uses Ethereum ICO to Keep the Game Going

There has been an interesting turn of events in the case of the alleged India-based and NewsBTC, Bhardwaj was also able to get full, front-page ads for the book in two of India’s largest newspapers: Times of India and Hindustan Times.

Multiple Bollywood celebrities with millions of followers on Twitter have also sent out supportive tweets about the book over the past couple of weeks.

So, with the creation of this new token, GainBitcoin now has the ability to make more payouts to their investors because they can only receive their payouts via MCAP. With the Ethereum ICO, GainBitcoin has effectively created more money out of thin air to keep the scheme going.

The post Dubious Bitcoin Scheme Uses Ethereum ICO to Keep the Game Going appeared first on Bitcoin Magazine.

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Source: http://bitcoinmagazine.com/