Tag Archives for " bitconnect "

Bitcoin’s recent drop underlines a major fear: fraud in the cryptocurrency market

Famed investor Warren Buffett has a saying about the aftermath of periods of unfettered market enthusiasm: “You never know who’s swimming naked until the tide goes out.” That idea appears to be particularly pertinent for bitcoin BTCUSD, -2.93% and the cryptocurrency market, which has recently seen a number of allegations of fraud and dubious activity […]

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Autopsy of the Bitconnect Implosion: Ponzi, Centralization, Governance

Featured Ponzi lending smart bot scam Bitconnect finally did what most sane observers predicted long, long ago. It went splat. And it didn’t collapse due to government pressure, nor flurries of bad press, and certainly not from DDoS hacking attacks. The story is more of a ballad, a great object lesson, and it is the […]

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Ponzi Scheme BitConnect Plummets 90% – The Merkle

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, dropping from over US$330 to a low of just under $20. While most of the community warned about the blatant scam presented […]

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Referral Program: Bitconnect (Get Percentage of Referrals)

As part of our “Referral Programs” series (affiliate programs), we are showcasing Bitconnect, a very popular loan program. Bitconnect‘s referral program works like this. You make a percentage of the amount deposited into your referrals account. (Obviously, that can add up quickly.) As a means to spread the word, help grow our community, and offer […]

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This Week in Bitcoin: The Hunt for the Next Bitcoin Intensifies

Featured Well, that just happened. What happened? Let’s see: crypto penny stocks mooning. Centralized banking coins mooning. Long forgotten alt bags and even abandoned projects languishing on Cryptopia mooning. Basically everything that wasn’t bitcoin mooning, bringing with it a new wave of zealots and maximalists, convinced that their coin is The One True Coin to […]

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Five Cryptocurrencies Had Over 1,000 GitHub Commits in 2017 – The Merkle

Gauging the actual value of any cryptocurrency has always been difficult. Many people look at the market cap or the value per coin. Others look at the number of network transactions and how many merchants accept it as a form of payment. Another area worth looking into is how many commits and merges are conducted by people […]

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Texas Securities Commissioner Cracks Down on BitConnect – The Merkle

Most cryptocurrency enthusiasts are well aware that BitConnect is a very problematic venture. Some people even call it an outright scam, although others still seem to be making money off it without any problems. The Texas Securities Commissioner recently sent the company an emergency cease and desist order. It’s a very big step toward shutting this […]

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Texas Sends Cease and Desist Order to BitConnect

Jeff Francis · January 5, 2018 · 12:45 pm The state of Texas has filed an Emergency Cease and Desist Order against BitConnect, stopping their various investment programs. A common saying often heard in the US is “don’t mess with Texas.” Well, it seems that BitConnect is finding this out the hard way. The England-based […]

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Here Are 5 Indicators to Determine the True Value of Any Cryptocurrency – The Merkle

When people discuss cryptocurrencies, there are a few key factors which should always be taken into account. Judging currencies on the basis of their market caps alone is no longer a viable option, even though it is still the most popular indicator. There are other factors to take into account in order to get the complete […]

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Bitconnect Slapped with Securities Emergency Cease and Desist Order

Featured On Thursday the Texas Securities Commissioner (TSC) signed an Emergency Cease and Desist Order to stop Bitconnect from operating. The mysterious company is a popular bitcoin lending platform with a 4.1 billion USD market capitalization, and is long accused of being a scam. Also read: African Central Banks Told to Ditch Dollar and Buy […]

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