Why DavorCoin May Become the Next BitConnect
Scams and Ponzis are easy to come by in the world of cryptocurrency. It is, unfortunately, the price we pay for a popular industry in the financial sector. DavorCoin …
Tag: Bitconnect
T-Mobile Faces Lawsuit Over Stolen Crypto Funds
T-Mobile is one of the biggest mobile carriers in the US. This status does not protect it from lawsuits being filed against it, though. One T-Mobile customer has decided to …
The Story of the Four BitConnect Lawsuits
Things have certainly gone from bad to worse for the BitConnect Ponzi scheme. After defrauding hundreds of investors, the company decided to pull the plug on its operation and …
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 …
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 …
Texas Securities Commissioner Cracks Down on BitConnect
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 …
BitConnect Is Preying on New Investors
Since BitConnect (BCC) rose to the top echelons of CoinMarketCap’s chart several months ago, it has received much skepticism from the mainstream cryptocurrency community. Despite this, it has maintained a huge market cap, …
Bitcoin Cash Cannot Use “BCC” Since It Belongs to BitConnectCoin
There are currently several thousand cryptocurrencies available to users. Not all of these coins will become successful altcoins in terms of price and adoption. With the upcoming Bitcoin Cash …