Published On: Sun, Jul 24th, 2016

Industry Report: Bitcoin Fraud Never Works

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Coinbase adds Ethereum, a man learns the consequences of bitcoin fraud, and Surbitcoin unfreezes following a temporary scare. Want to catch up on your latest digital currency news? Take a look at the stories below.
Also read: Industry Report: Charlie Shrem Is a Free Man
COINBASE
Once a primarily Bitcoin-based exchange, Coinbase shocked the world when it announced that leading bitcoin competitor Ethereum would be added to its list of currencies, and the exchange will now offer Ether services to its customers. Clients in well over 30 counties will now have the ability to buy, sell, and store ether in their Coinbase accounts like they would bitcoin.

Company product manager Ankur Nandwani explains:
“Ethereum is still an early and experimental phase, and as it matures, will likely evolve to serve a different purpose than bitcoin… In the meantime, Ethereum is pushing the digital currency ecosystem forward, and we are excited to support it as part of our mission to create an open financial system for the world.”
BITCOIN PONZI SCHEME
Texas resident Trendon Shavers is now serving an 18-month jail sentence for a Ponzi-style scheme based around Bitcoin. The “first person to face federal securities fraud …

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