Bitconnect Closes Virtually Its Entire Operation, BCC Token Drops 87%
Bitconnect Closes Virtually Its Entire Operation, BCC Token Drops 87%
Digital currency luminaries such as Vitalik Buterin have called Bitconnect a Ponzi scam and the project is in trouble with Texas and North Carolina regulators. Bitconnect has responded by closing the majority of its operations.
Read more: cointelegraph.com
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For naive investors who invested in BitConnect (BCC), today marks an exponentially bigger loss than the general cryptocurrency downtrend. After discontinuing its “lending” program, BCC instantly plummeted over 90% from the day’s high, dr...
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Vitalik Buterin Leaves China-Based VC to Focus on Ethereum Development
The post Vitalik Buterin Leaves China-Based VC to Focus on Ethereum Development appeared first on CCN
Vitalik Buterin, the co-founder of Ethereum, has left China-based venture capital firm Fenbushi Capital according to TechCrunch, to focus on the developm...
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Bitconnect Shuts Down Its Exchange Citing a String of Excuses
In a move that will surprise few observers, Bitconnect has announced that it is closing its lending and exchange platform. The company has widely been accused of operating a Ponzi scheme and was recently rocked by cease and desist notices in two US states...
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Full Speed Ahead with The North American Bitcoin Conference in Miami
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Metropolitan Bank Denies Ceasing Cryptocurrency-Related International Wires
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Other hot crypto news today
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- Bitcoin Price to Hit $100,000 in 2018, Predicts Saxo Bank Analyst
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- BitConnect Shutters Crypto Exchange Site After Regulator Warnings
- Is This the Beginning of the End of the Bitcoin Bubble?
Follow me @cryptonized for the latest cryptocurrency news...
You can contact @craig-grant for more info. The guy pushed Bitconnect so hard, probably fully knowing what it is.
finally bit connect gone. I do feel pity for all the investors in bitconnect. I hope people won't invest in lending platform from now.
If anyone had invested on Bitconnect, I guess you gotta take your money out now before the coin blows-up. Most likely it will disappear in an hour or a couple of hours or a day or a couple of days or if its strong enough maybe a week or so. I guess you can check it yourself and investigate what's going on especially when you invested a lot on Bitconnect. In my opinion, those coins/tokens with affiliate programs attached to them would most likely end up in struggle and in the long run will fade away slowly by slowly.
All the top 25 coins/tokens on Coinmarketcap.com I'd seen lately have no affiliate programs attached to those coins/tokens. The top 26 is Binance with affiliate program attached to it as we all know. If Binance won't stop its affiliate program, it will not survive in the long haul in my opinion. Why? Its because many affiliates would take advantage of this program especially those experts in affiliate marketing. They would advertise like crazy even to the point of creating some fancy ads (sometimes over descriptive even to the point of not related to the company they're promoting) of any sort to get huge signups. How much more if the affiliate program has also an MLM attached to it, it will be much worse.
very bad day for BCC program,they like shattered .RIP BITCONNECT
Those who lost money on Bitconnect, another building block(failure) created as a foundation for success. FAILURE IS THE MOTHER OF ALL SUCCESS! If you will not fail, you won't learn. If you keep on winning, expect a failure to come, if you want more success.
I feel bad for all the people that fell into this. There was all kinds of kids on YouTube promoting the scheeme. Pretty sad