CRYPTO INSIDER: Prices rise despite being called 'Ponzi schemes' by World Bank president

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World Bank Group President Jim Yong Kim compared cryptocurrencies to Ponzi schemes at an event in Washington on Wednesday night.

“In terms of using Bitcoin or some of the cryptocurrencies, we are also looking at it, but I’m told the vast majority of cryptocurrencies are basically Ponzi schemes,” he reportedly said.

Here’s how the largest cryptocurrencies on Thursday:

What else is happening:

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