Tag: BCC

Someone is Trying to Create BitConnect 2.0 Once Again

It is an interesting period for cryptocurrency enthusiasts. With most markets showing a massive rebound after a few rough days, there is a general sense of excitement among community members. The bigger news this week is how BitConnect is – once again – making an alleged return in a few weeks. It is not the first time such claims are issued, although this project is better off dead and buried. …
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Top 5 Crypto Fails of 2018

2018 has been rough for cryptocurrencies as a whole, with coins across the board seeing significant losses and general interest in the sphere gradually declining. However, there are a number of projects that have stuck out as performing particularly badly in the first quarter. Here are five of the biggest fails: 5. Verge (XVG) Wraith Protocol Launch While Verge’s major development, the Wraith Protocol, was slated to launch at the tail …
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Did BitConnect Shutdown Merely Redirect Funds?

Shortly after receiving cease-and-desist letters from the State of Texas and North Carolina, BitConnect (BCC) discontinued its lending platform, effectively shutting down the Ponzi scheme and leaving investors with stacks of worthless BCC tokens as compensation for their dollars lost. When BitConnect announced the shutdown, the coin instantly dropped 90% and has since continued to depreciate. While this was great news for the majority of investors that recognized the nature of …
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Ponzi Scheme BitConnect Plummets 90%

For naive investors who invested in BitConnect (BCC), today featured 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 US$20. While most of the community had warned about the blatant scam represented by BitConnect’s lending program, the Ponzi still rose to a market cap of almost US$3 …
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