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In a rather surprising statement from the executive, JPMorgan Chase CEO Jamie Dimon recently called Bitcoin a “Ponzi scheme,” while sharing his belief that the asset has “no intrinsic value” in a CBS interview. Indeed, Dimon’s recent statements came as BTC has fallen below $90,000 in a rather surprising drop. Dimon has long been a critic of the value of Bitcoin specifically. Although he has also reassured his belief in cryptocurrencies as a concept, he has not shared the same faith in BTC, calling the project nothing more than a “pet rock.” JUST IN: JPMorgan Chase CEO Jamie Dimon says Bitcoin is "a Ponzi scheme" that "has no intrinsic value." — Watcher.Guru (@WatcherGuru) January 13, 2025 Also Read: JPMorgan CEO Warns of US Economic Crisis as BRICS Power Grows JPMorgan CEO Blasts Bitcoin, Calls BTC a “Ponzi Scheme” It has certainly been a monumental twelve months for the cryptocurrency market. Not only has the asset class thrived, bu...

DappBay, a web3 dApp store for users on the BNB Chain, has flagged over 100 risky decentralized applications ( dapps ) in its recent update.  BNB Chain shared the findings on X (formerly Twitter). See below. DappBay's Red Alarm identified +100 risky dApps this week! They include: Genesis Universe, AIRDROP HUNTER DeXe DAO Studio, Web3 Pilot, Quick Pay, Silo and Crystal. Check out the entire list here and stay safe!https://t.co/dsAe37Ijnh pic.twitter.com/BFGEYsGinH — BNB Chain (@BNBCHAIN) November 25, 2023 BNB Chain launched DappBay in July 2022, allowing users to discover new web3 projects while being kept abreast of their risk levels in real-time. At the heart of DappBay is its Red Alarm component, a risk screening tool that can help identify possible rug pulls and scam projects by checking logic flaws or fraud risks in smart contracts. This tool regularly updates its list with dapps and smart contracts that have been assessed as scams or deemed to carry an extr...

Senator Warren claims the Trump Administration “gave a green light” to allow for a cryptocurrency market full of junk tokens, rug pulls and ponzi schemes. United States Senator and crypto skeptic Elizabeth Warren wants the Securities Exchange Commission (SEC) to “double down” on its crypto enforcement efforts, highlighting that the cryptocurrency industry is running “scared” for what’s to come next. Warren’s comments came from an interview with American Economic Liberties Projects on Jan. 25. The Senator opined that since Gensler was sworn in as SEC Chairman in April, 2021, the Commission “has made a good start” on fixing some of the problems created by the former SEC leaders under the Trump Administration. Senator Elizabeth Warren wants Congress to deploy more authorities and resources to help the SEC crackdown on the cryptocurrency industry participants. Source: Reuters. Warren claimed that the previous SEC administration “essentially gave the green light” to open up a cryptocurren...