The BBC has pulled a documentary focused on a 20-year-old crypto trader who supposedly turned $50 into an $8 million fortune last year. The doco was titled “The Crypto Millionaire” and followed the story of Birmingham-based Hanad Hassan, who claims to have made a return of around 16,000,000% in one year from trading unspecified crypto assets. The story was set to be broadcast this week and explore how Hassan had started to give back to the community following his newfound wealth, however the show was canned after the Guardian reported on Feb. 10 that it had raised concerns with the …

A cryptocurrency inspired by Netflix's internationally hit TV show "Squid Game" scammed investors in what appears to be a $3.38 million "rug pull" scheme. Dubbed "SQUID," the cryptocurrency plunged to almost a fraction of a cent minutes after crossing over $2,850 at 09:35 UTC, Nov. 1. The deadly drop surfaced following a 75,000% bull run, showcasing a greater demand for SQUID among traders after its debut on Oct. 26. At the core of the retail craze lay the popularity of Squid Game. The scammers promoted SQUID as a play-to-earn cryptocurrency inspired by the South Korean TV fictional show in which …

Cointelegraph has been espousing the potential of nonfungible tokens for years — as you might expect from the leading independent digital media resource on all things blockchain and crypto. But when a world-renowned organization such as the British Broadcasting Company starts getting involved in the NFT market, one starts to understand just how revolutionary this technology could eventually be. The BBC’s first foray into NFTs is a set of digital collectible trading cards featuring none other than Doctor Who, one of its best-loved and most globally recognized television characters. Of course, the BBC doesn’t do things lightly, and quality is …

Konstantin Ignatov, co-founder of alleged crypto scam OneCoin, has pleaded guilty to participation in the multi-billion dollar fraud. According to a BBC report on Nov. 14, Ignatov signed a plea on Oct. 4 and now faces up to 90 years in prison. The news was made public on Nov. 12, the BBC says. After being arrested at Los Angeles International Airport in March 2019, Ignatov pleaded guilty to several charges, including money laundering and fraud. While facing up to 90 years behind bars, he has yet to be sentenced and will reportedly not face further criminal charges for his role …

With each passing day, the financial nitty-gritty associated with the cryptocurrency-related OneCoin Ponzi scheme continues to become of increasing interest to members of the global crypto community. The U.S. government’s previous estimate of the scam that raked in a total of $4 billion seems to be well off the mark, as the figure could be more than three to four times the official estimate — this is according to Jamie Bartlett, the person responsible for the BBC's podcast series The Missing Cryptoqueen. As part of the show, Bartlett and his team followed a trail of clues to track down Ruja …

A Swedish court has sentenced a man to six and a half years in prison after he sent a "potentially lethal homemade bomb” to a U.K.-based crypto firm, BBC reports today, Nov. 9. Jermu Michael Salonen, 43, faced several charges in the Stockholm District Court, including sending a bomb to Cryptopay employees in London, and mailing a white powder to Swedish politicians — including the prime minister. Salonen was allegedly attempting to take revenge on the firm for refusing to change his password on the Cryptopay platform in August 2017. As BBC reports, Cryptopay refused the request, as such a …