As Bitcoin Bubble Loses Air, Frauds and Flaws Rise to the Surface

Bitcon(sp) bites?
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– News from elsewhere covered by Quincy Quarry News with commentary added.

 

As Bitcoin Bubble loses air, frauds and flaws rise to the surface.

 

As has been long expected on the Quincy Quarry News financial affairs desk, things are finally hitting the fan with virtual currencies.

 

Hackers are draining online exchanges. 

 

Schemers scheme
A ThePeoplesVoice.org graphic image

Ponzi schemers are scheming.

 

Even worse, regulators are unable to keep pace with heightened interest in virtual currencies.

 

In short, a problematic young industry’s problems have become clearer in recent weeks. 

 

Read more: As Bitcoin Bubble Loses Air, Frauds and Flaws Rise to Surface – The New York Times

 

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