So, what is BitConnect? BitConnect is a bitcoin-lending platform using BitConnect Coin (BCC), a cryptocurrency launched in February 2016. Users are able to lend Bitcoin and earn interest via this platform, self-regulated and peer-to-peer. Transactions made on the BitConnect platform…
Suspected Crypto Ponzi Scheme Bitconnect, Faces Another Lawsuit
Author – Sam Reads, United Kingdom A new lawsuit filed against Suspected Crypto Ponzi Scheme Bitconnect with the US District Court of Northern California. UK-based Bitconnect faces a new lawsuit, which could be the sixth or higher suit filed against the…
Bitconnect shuts down, deceives its customers and stops controversial lending of BCC token
One of the most controversial coin and often referred to as Bitconnect ponzi scheme lending platform finally shuts down as of Jan 16th. Bitconnect lending platform was trading around 300$ before the announcement. Bitconnect dumped the bitcoin amount to bitconnect…