Tag: Davorcoin

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 is one of those projects which draws a lot of parallels to BitConnect, another Ponzi scheme which recently shut down after a few months of action. A daily variable ROI for altcoin lending is not impossible to achieve, but it is …
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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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