Op Ed: The Rise of Cryptocurrency Securities Lawsuits

As the cryptocurrency market develops and grows, cryptocurrencies have become the subject of an increasing number of securities lawsuits. This year alone, more than 10 cryptocurrency securities lawsuits have been filed in federal district courts throug…

The Best 7 Cryptos for the Week Beginning Apr. 2 (BRD, RISE, SPANK, PRL, UKG, EOS, COFI)

To read the previous installment of ‘Top Coins for the Week,’ click here.
The crypto markets have demonstrated very bearish tendencies the last few months. However, even in a market suffering a bear raid, there are weekly coins that provide a degree o…

RuneCoin RUNE ICO: Crypto Lending Capital Trading System?

Source : RuneCoin RUNE ICO: Crypto Lending Capital Trading System? Runecoin, found online at RuneCoin.co, is a digital currency that’s primarily designed to serve as a lending platform. Find out how it works today in our review. What is RuneCoin RUNE? RuneCoin describes itself as “an open source, peer-to-peer, community driven decentralized cryptocurrency that allows people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on investment.” How does an unknown, new cryptocurrency promise to give you a “substantial” ROI? The company is launching a lending scheme that appears to be similar to BitConnect and other Ponzi schemes: you earn high guaranteed income every day in exchange for locking your money with the company. The Runecoin website also mentions other red flags – including the presence of a mysterious “trading algorithm” that generates profitable trades all day, every day. Obviously, when someone starts talking about guaranteed returns, easy profits, and a lending scheme, these are huge red flags that you’re dealing with a scam. However, let’s take a closer look at how Runecoin claims to work. How Does Runecoin Work? The primary purpose of Runecoin (RUNE) appears to be generating income for investors. The company promises to pay investors in five different ways: Passive Income: “You will receive daily profit based on your investment option with Runecoin regardless of the BTC or alt’s price direction,” promises the official website. Yes, the company guarantees that you will earn passive income every day – so there’s no risk whatsoever of losing your money. Exchange: Runecoin will launch an online exchange in the future where users can use RUNE to buy and sell goods. Mining: Runecoin has a proof of work mining algorithm along with its proof of stake algorithm. The company doesn’t go into detail about how its PoW algorithm works, but miners can early daily profits through mining the Runecoin blockchain. Staking: Runecoin will pay you “bonus returns every 24h” in return for staking your coins. You “stake” your coins by leaving them in your Runecoin staking wallet. Lending: Runecoin lets you lend capital to its “algo-trading stack” to earn daily interest. You get paid interest every day guaranteed, although interest rates appear to fluctuate. Your returns are never negative – so you will make money every day with no risk whatsoever. Ultimately, when someone is advertising an investment opportunity online that pays you fixed returns all day, every day, with no risk whatsoever, it means you’re dealing with a scam. Runecoin Features Total coin supply of 28 million (19.04 million available supply) 6.2 million coins distributed during the ICO 1.96 million RUNE reserve fund PoW and PoS algorithm (Scrypt) Coin base maturity of 50 blocks Total of 262800 PoW blocks 10 RUNE PoW block reward 2 minute block spacing Staking reward of 10% to 12% per month (0.33% to 0.40% per day) Minimum staking age of 15 days, maximum staking age of 90 days Runecoin may launch a debit card in the …

Plus…RuneCoin RUNE ICO: Crypto Lending Capital Trading System?

RuneCoin RUNE ICO: Crypto Lending Capital Trading System?

Source : RuneCoin RUNE ICO: Crypto Lending Capital Trading System? Runecoin, found online at RuneCoin.co, is a digital currency that’s primarily designed to serve as a lending platform. Find out how it works today in our review. What is RuneCoin RUNE? RuneCoin describes itself as “an open source, peer-to-peer, community driven decentralized cryptocurrency that allows people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on investment.” How does an unknown, new cryptocurrency promise to give you a “substantial” ROI? The company is launching a lending scheme that appears to be similar to BitConnect and other Ponzi schemes: you earn high guaranteed income every day in exchange for locking your money with the company. The Runecoin website also mentions other red flags – including the presence of a mysterious “trading algorithm” that generates profitable trades all day, every day. Obviously, when someone starts talking about guaranteed returns, easy profits, and a lending scheme, these are huge red flags that you’re dealing with a scam. However, let’s take a closer look at how Runecoin claims to work. How Does Runecoin Work? The primary purpose of Runecoin (RUNE) appears to be generating income for investors. The company promises to pay investors in five different ways: Passive Income: “You will receive daily profit based on your investment option with Runecoin regardless of the BTC or alt’s price direction,” promises the official website. Yes, the company guarantees that you will earn passive income every day – so there’s no risk whatsoever of losing your money. Exchange: Runecoin will launch an online exchange in the future where users can use RUNE to buy and sell goods. Mining: Runecoin has a proof of work mining algorithm along with its proof of stake algorithm. The company doesn’t go into detail about how its PoW algorithm works, but miners can early daily profits through mining the Runecoin blockchain. Staking: Runecoin will pay you “bonus returns every 24h” in return for staking your coins. You “stake” your coins by leaving them in your Runecoin staking wallet. Lending: Runecoin lets you lend capital to its “algo-trading stack” to earn daily interest. You get paid interest every day guaranteed, although interest rates appear to fluctuate. Your returns are never negative – so you will make money every day with no risk whatsoever. Ultimately, when someone is advertising an investment opportunity online that pays you fixed returns all day, every day, with no risk whatsoever, it means you’re dealing with a scam. Runecoin Features Total coin supply of 28 million (19.04 million available supply) 6.2 million coins distributed during the ICO 1.96 million RUNE reserve fund PoW and PoS algorithm (Scrypt) Coin base maturity of 50 blocks Total of 262800 PoW blocks 10 RUNE PoW block reward 2 minute block spacing Staking reward of 10% to 12% per month (0.33% to 0.40% per day) Minimum staking age of 15 days, maximum staking age of 90 days Runecoin may launch a debit card in the …

Plus…RuneCoin RUNE ICO: Crypto Lending Capital Trading System?

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