February 24, 2024

Poseidon DAO presents Giovanni Motta and Emanuele Ferrari
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Cardano NFT Column: Kabuki Tokyo
FINEXPO Presents Blockchain Fest Singapore 2023
The new reform for cryptocurrency taxation in Italy
RW form and staking, many doubts about recent guidelines from the Italian tax authorities
RW Form and staking, many doubts in the recent guidelines of the Italian tax authorities
US Department of Justice creates network of experts fighting crypto crime
KYC accounts: never so trustworthy but involved in scams
UN: “monitoring the use of cryptography can make the Internet safer”
Forged document from the SEC against Tether
North Korea is the new realm of crypto hackers
London Fashion Week: Dedicated To The Legacy of Queen Elizabeth II
Ibiza NXT Web3 Conference puts “White Isle” on the international Web3 Map
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CZ Zhao, Binance: “banks that want to survive will have to support crypto”
Poseidon DAO presents Giovanni Motta and Emanuele Ferrari
Cardano NFT Column: Kabuki Tokyo
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Ultron: the project’s DeFi token with a pyramid scheme
Clash between FTX and CME over crypto derivatives
US Senator Cynthia Lummis loves the fact that Bitcoin is decentralized
Buterin created Ethereum after World of Warcraft nerfed his character
US Senator Cynthia Lummis loves the fact that Bitcoin is decentralized
Bitcoin, the story of a social elevator
Was it Nord Stream that caused Bitcoin to collapse?
Stablecoins can now be issued on the Bitcoin network
Buterin created Ethereum after World of Warcraft nerfed his character
Deutsche Telekom wants to become an Ethereum validator
The PoW-based Ethereum fork endures
Vitalik Buterin: the Merge will reduce global electricity consumption by 0.2%
Russia will provide electricity to Kazakhstan for Bitcoin mining
Russia wants to legalize crypto mining
Extreme volatility on mining company stocks
Bitcoin is being mined with the sun in Australia
Fed: it is necessary to regulate DeFi and stablecoins
Binance.US enables USDT on Polygon at Avalanche
A judge orders Tether to show backing
WazirX and new problems for the USDC stablecoin
Technical analysis of Bitcoin (BTC) and Ethereum (ETH)
Analisi dei prezzi di Bitcoin (19k), Ethereum (1,2k) e Near Protocol
Trading: technical analysis of the Bitcoin (BTC) and Ethereum (ETH) prices
Bitcoin (19k), Ethereum (1.3k), XRP Price Analyses
Bitcoin (18k), Ethereum (1.2k), Chainlink Price Analyses
The CEO of Binance says the future will be DeFi
FBI warns cryptocurrency investors about DeFi vulnerabilities
​​MakerDAO signs $100 million DAI loan with Huntingdon Valley Bank
DeFi: industry figures drop again
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Crypto Artists: a call for young NFT creators with big prizes
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The NFT Magazine: Vexx on the 12th issue of the crypto art magazine
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Polygon welcomes GameSwift (formerly StarTerra) to launch Web3 games
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UAE opens a ministry in the Metaverse
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Ripple: Judge orders SEC to hand over Hinman documents
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Bank of England experimenting with new monetary policies
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The price of Ethereum is very low again
Cryptosmart, cryptocurrency tax problem solved by Italian exchange
Binance will auto-convert the main stablecoins into BUSD
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The price of Ethereum is very low again
Cryptosmart, cryptocurrency tax problem solved by Italian exchange
Binance will auto-convert the main stablecoins into BUSD
UK: new rules for cryptocurrency exchanges
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Bitcoin Beach: the wallet project born in El Salvador expands.
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By Stefania Stimolo – 3 Oct 2022
Ultron (ULX) is the DeFi token with a pyramid scheme project behind it, claimed by many as a new gem. But is it really?
Summary
Ranging from YouTube channels to groups on social media, it seems that many are coming out as influencers to promote a DeFi project dubbed “revolutionary”: Ultron (ULX)
This is a layer 1 blockchain with its native ULX token sponsored by the Mavie Global platform, which seems to be capturing attention using a network marketing model that could turn out to be a pyramid scheme
In these instances, precisely with regard to Mavie Global’s platform, the team was analyzed with the people in question being Michal Prazenica (official CEO), Tobias Sukenik, and Ivana Belakova, who, as described, already have a rather turbulent past. 
Typically, precisely to understand whether a project is legitimate or a scam, users rely on reviews (when public) and the trustworthiness of the team in question. 
According to one review, Ultron appears to have no retail products or services, but affiliates can only trade Ultron affiliation. It is focused on affiliate marketing, namely multilevel marketing or MLM. 
What attracts users to the Ultron project is the promise of fairly high staking returns, with a paid ROI on the investment in ULX tokens that is determined by the duration of the investment and ranges from 0.2% per day for the first year to 0.012% per day for the fifth year. 
While under the affiliate marketing or MLM aspect, Ultron pays commissions on tokens purchased by recruited affiliates, with a remuneration plan on fifteen affiliate levels.
Not only that, the scheme also pays residual commissions through a binary compensation structure, which places an affiliate at the top of a binary team divided into two parts (left and right). 
Peeking at CoinMarketCap, ULX appears to have started at a price of $0.03 in late August, rising to be worth $0.10 at the time of writing. 
The chart, however, does not yet indicate the token’s market capitalization and dominance and describes ULX as a native token on the Ultron Blockchain. 
Ponzi and Pyramid schemes continue to survive on the web, despite various actions taken even by governments. As in the case of California, where recently, the DFPI intervened by targeting 11 crypto companies for violations of California securities laws
Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.
Marco Cavicchioli – 3 Oct 2022
Reporting the future.
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