• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    Bitcoin ETFs Attract $2.3B in Inflows Indicating High Demand

    Bitcoin ETFs Attract $2.3B in Inflows Indicating High Demand

    Tim Draper Urges Bitcoin Adoption, Predicts $250K by 2025

    Tim Draper Urges Bitcoin Adoption, Predicts $250K by 2025

    Tim Draper Reiterates Bitcoin Price Forecast for 2025

    Tim Draper Reiterates Bitcoin Price Forecast for 2025

    Tim Draper Advocates Bitcoin for Business Resilience

    Tim Draper Advocates Bitcoin for Business Resilience

    Tim Draper Reasserts Bitcoin $250k Target Amid Business Warnings

    Tim Draper Reasserts Bitcoin $250k Target Amid Business Warnings

    Brazil Considers National Bitcoin Reserve Proposal

    Brazil Considers National Bitcoin Reserve Proposal

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    Pepeto Attracts Shiba and Pepe Holders in 2025 Shift

    Pepeto Attracts Shiba and Pepe Holders in 2025 Shift

    Analysts Speculate on Solana’s Potential Future Price Increase

    Analysts Speculate on Solana’s Potential Future Price Increase

    Exploration of a New Network Token by Coinbase's Base

    Coinbase’s Base Considers Launching Network Token

    Dogecoin Millionaire Shifts Funds to New Tokens

    Dogecoin Millionaire Shifts Funds to New Tokens

    BitMine Expands Ethereum Holdings

    BitMine Expands Ethereum Holdings to Over 2 Million ETH

    Multicoin Capital Leads $1.65 Billion Solana Treasury Investment

    Multicoin Capital Leads $1.65 Billion Solana Treasury Investment

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Israel Former Prime Ministers Labels Crypto a Ponzi Scheme

Joshua T. by Joshua T.
December 5, 2018
in Latest News
Barak

The downward spiral the prices of most cryptos in the market has found themselves has led to doubters coming out in droves to accuse cryptocurrency of being a scam. A recent update to the list of people tagging crypto as a scam in recent time is Ehud Barak, the prime minister of Israel from 1999 to 2001.

Ehud Barak Calls Out Crypto

Barak who is now a full-time investor and co-founder of startup companies in fields such as cannabis and cyber espionage has called out cryptocurrency to be illegal.

Barak made this known at a startup event where he was a keynote speaker.
The former prime minister was recently appointed as the chairman of a medical marijuana company. As a result of his new position, he was asked if the cannabis industry can be compared to the hottest trend amongst Israeli investors— Cryptocurrency. To the shock of many, he made it clear that Bitcoin and other cryptos are nothing but Ponzi schemes. He made this known in a statement which reads:

“Blockchain is a technological-mathematical concept, an interesting and important method, and one that will have many uses. The coins — Bitcoin and others — is a Ponzi scheme. I do not believe that it will be possible to make a coin like this in the current generation and I will not invest in anything related to cryptocurrencies,” Barak stated. “Anyone who has patience and understands the depth of blockchain will find many uses, from holding sensitive medical information to contracts.”

Isreal Crypto Community Won’t Stand For This

His statements have however brought about massive criticism from the Israeli technology community and the entire crypto industry.
Ophir Gertner — founder of blockchain advisory company Smartologic has also issued some statements regarding this.

He stated that:

“The crypto market as a whole has become a punching bag. Such opinions, including the views of many companies in Israel, have become especially popular against the backdrop of the sharp fluctuations and devaluations in the currencies recently,”

Tags: Ehud BarakIsraelThe Prime Minister
Previous Post

What is 0x? All About the 0x Protocol

Next Post

What is a Decentralized Autonomous Organization (DAO)?

Joshua T.

Joshua T.

Related Posts

PayPal Integrates Crypto in P2P Payments

PayPal Integrates Bitcoin, Ethereum, PYUSD for P2P Payments

by Solomon M.
September 15, 2025

PayPal announces integration of Bitcoin, Ethereum, and PYUSD in its P2P system.

Thailand Freezes Millions of Bank Accounts in Scam Crackdown

Thailand Freezes Millions of Bank Accounts in Scam Crackdown

by Solomon M.
September 15, 2025

Thailand freezes 3 million accounts to fight scams, affecting financial and crypto sectors.

Bitmine Acquires 276.8K ETH Amid Market Dynamics

Bitmine Acquires 276.8K ETH Amid Market Dynamics

by Joshua T.
September 15, 2025

Bitmine Immersion Technologies buys 276.8K ETH, driving notable market impact.

Crypto Market Liquidations and Their Impact

Crypto Market Faces $309M Liquidation Impact

by Solomon M.
September 15, 2025

$309M crypto liquidated, $217M from longs, affecting key assets like BTC, ETH.

Market Liquidations Highlight Crypto Volatility

Crypto Market Hit: $309M Liquidations Recorded

by Solomon M.
September 15, 2025

$309M crypto liquidations in 24 hours, impacting BTC, ETH. Key exchanges involved.

Mastercard's Collaboration Enhances Crypto Payments via Stablecoins

Mastercard’s Collaboration Enhances Crypto Payments via Stablecoins

by Solomon M.
September 15, 2025

Mastercard partners with Web3 firms, expanding crypto payments with stablecoins for global transactions.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.