The Daily Dose

Thousands of people in South Africa may have been duped in what’s thought to be a Bitcoin Ponzi scheme.  According to a local report, residents in Ladysmith, a city 365 kilometres south of Johannesburg, were enticed to invest in a company called Bitcoin Wallet. The company promised easy and big returns on investments. People are reported to have queued overnight and slept outside Bitcoin Wallet’s offices in a bid to invest their hard-earned cash. Rumours about possible wrongdoing surfaced in June after local outlets reported about a possible cryptocurrency Ponzi scheme, which promised returns of 100 percent in 15 days. At the time,…

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