Fun

News Feed - 2023-09-01 12:09:00

Jesse Coghlan5 hours agoRonaldinho denies part in alleged $61M crypto scam at congressional hearingThe former pro soccer player said in a congressional hearing that his likeness was improperly used to market an allegedly fraudulent crypto scheme.2728 Total views17 Total sharesListen to article 0:00NewsJoin us on social networksRetired pro soccer star Ronaldinho Gaúcho has testified at a congressional hearing in Brazil, denying his involvement in an alleged $61 million crypto pyramid scheme that bore his name.


On Aug. 31 Ronaldinho appeared before a parliamentary committee inquiry where he refuted any role in the scheme called “18kRonaldinho" that promised 2% daily returns on crypto. A lawsuit was filed against the firm, seeking $61 million in damages.


Ronaldinho claimed he was never partnered with the company, and it used his name and image without his authorization, arguing he was also a victim of the purported scheme.


During the hearing, images were shown of 18kRonaldinho’s marketing that depicted Ronaldinho.The inquiry showed an image of Ronaldinho with the text “Your money yielding up to 2% a day” (translated). Source: YouTube


He said the pictures were taken as part of a contract he signed in July 2019 with a subsidiary of the company that sells watches but that contract was terminated later that year in October and was never executed.


The inquiry’s president, Aureo Ribeiro,asked Ronaldinho if he intended to reimburse those who invested in the company, to which Ronaldinho said he would remain silent.


He also did not answer when asked about the $61 million lawsuit.


Related:Breaking victim ‘trust’ in scammer is key to beat crypto scams, exchanges say


Ronaldinho had failed to appear before two previous hearings related to the inquiry, most recently on Aug. 24. He said weather conditions meant he was not able to attend.


The latest Aug. 31 hearing was his last chance to appear before Congress — if he didn’t, Ronaldinho faced possible fines or arrest in which authorities would’ve forcibly taken him to appear at the hearing.


The inquiry was launched in June to investigate purported crypto pyramid schemes and is being carried out by Brazil’s lower house, the Chamber of Deputies.


It’s investigating a total of 11 companies alleged by the country’s Securities and Exchange Commission to have falsely promised high returns using crypto.


Magazine:Tornado Cash 2.0 — The race to build safe and legal coin mixers# Business# Government# Brazil# Sport# ScamsAdd reactionAdd reactionRead moreWhat is an atomic swap, and how does it work?The bright side of Evergrande’s collapse? More crypto volatilityMiCA: The good, the bad and the ugly of the EU’s crypto rules

News Feed

Zhiyuan Sun6 hours agoHashKey signs MOU for crypto exchange insuranceThe policy would potentially cover both the exchange"s hot wallets and cold storage addresses.1479 Total views23 Total sharesListen to article 0:00News
New Solana feature allows crypto transactions on any website
Ana Paula Pereira11 hours agoNew Solana feature allows crypto transactions on any websiteSolana Actions and blockchain links will allow users to create and share transactions via a URL on websites, social media platforms
Candidate for Kenyan Elections Body Says Adopting Blockchain Will Reduce Ballot Costs by 300%
Candidate for Kenyan Elections Body Says Adopting Blockchain Will Reduce Ballot Costs by 300% An aspirant to the post of commissioner with the Kenyan Independent
Helen Partz10 hours agoMatrixport doubles down on $45K Bitcoin year-end predictionAfter first setting its 2023 year-end BTC price target at $45,000 in early 2023, Matrixport has reiterated its bold Bitcoin prediction.490
‘Bond King’ Jeffrey Gundlach: Stock Market Will Crack Pretty Hard, Bitcoin Good Inflation Hedge
"Bond King" Jeffrey Gundlach: Stock Market Will Crack Pretty Hard, Bitcoin Good Inflation Hedge Doubleline Capital’s CEO, the billionaire “bond king&
Dubai-Headquartered Crypto Exchange MaskEX Launches Virtual Card for Worldwide Spending and Welcomes Ben Caselin as Vice President to Drive Global Expansion Effort
Dubai-Headquartered Crypto Exchange MaskEX Launches Virtual Card for Worldwide Spending and Welcomes Ben Caselin as Vice President to Drive Global Expansion Effort press release PRE
Russians Mining Crypto to Pay at Least 15% Tax, Companies – No Less Than 6%, Lawmaker Says
Russians Mining Crypto to Pay at Least 15% Tax, Companies – No Less Than 6%, Lawmaker Says Private individuals mining cryptocurrency may expect a higher tax burden than businesse
WEF’s Great Reset Agenda Continues to Get Significant Pushback From Critics
WEF"s Great Reset Agenda Continues to Get Significant Pushback From Critics Amid the Covid-19 pandemic in 2020, the world’s bureaucrats, financial institutions, multinationa
Rebase Token Economy Dropped From $8 Billion to $577 Million in 7 Months
Rebase Token Economy Dropped From $8 Billion to $577 Million in 7 Months Seven months ago, the top rebase crypto tokens by market capitalization were collectively worth $8.03 billi
Six of the Best Crypto Market Makers Supplying Liquidity in 2025
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin.com Exchange To List HUB Token as the Next Gen Trust-Based Cryptocurrency
Bitcoin.com Exchange To List HUB Token as the Next Gen Trust-Based Cryptocurrency PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the upcoming listin
Bhutan’s DHI to offset halving effects with Bitcoin mining upgrade
Ezra Reguerra10 hours agoBhutan’s DHI to offset halving effects with Bitcoin mining upgradeDruk Holding and Investments and mining firm Bitdeer will increase their mining capacity in Bhutan sixfold before the Bitcoin h