- Bitconnect scam finally shut down;
- Top 50 Cryptocurrencies Explained in 50 Sentences;
- The Sidechains Breakthrough Almost Everyone in Bitcoin Missed;
- Metropolitan Bank Denies Ceasing Cryptocurrency-Related International Wires
- Is Global Front on Bitcoin Regulation Possible?
🗞 Bitconnect scam finally shut down
I can honestly tell you guys: "I told you so". I wrote articles that went viral to warn the most Steemians I could. I was attacked by Bitconnect scam fans and helped by smart investors.
Here were my 2 pieces if you want to read them again:
- [Warning] Do Not Invest in BitConnect, it is a Ponzi Scam! Read these 10 Reasons Why
- 📣 Do Not Invest in Bitconnect Ponzi 📣 - Part II - Mr Lemon VS craig-grant
I am sorry for those that lost money int his Ponzi Scheme but people warn you and if you still ivnested, you did it knowing the risk of fraud.
Bitconnect has formally closed its lending platform and cryptocurrency exchange following warnings from Texas and North Carolina regulators. The Bitconnect Coin (BCC) digital currency is down 87% today and 93% from its December 29 high of $437. At press time, BCC is trading for just $30.
🗞 Top 50 Cryptocurrencies Explained in 50 Sentences
With the vast amount of new blockchain and cryptocurrency platforms out there it is easy to get overwhelmed when looking for a project to invest or get involved with. This article summarizes each of the top 50 cryptos, based on the ranking from coinmarketcap at the time of writing.
Read more & Source: https://themerkle.com/top-50-cryptocurrencies-explained-in-50-sentences/
🗞 The Sidechains Breakthrough Almost Everyone in Bitcoin Missed
You've heard of proof of work, but what about proofs of proofs of work?
A complex notion, the research on "Non-Interactive Proofs of Proofs of Work," or NiPoPoW, released in October, has received very little attention so far but is heralded as breaking through one of the major roadblocks that has stalled the widely anticipated sidechain technology.
Read more & Source: https://www.coindesk.com/sidechains-breakthrough-almost-everyone-bitcoin-missed/
🗞 Metropolitan Bank Denies Ceasing Cryptocurrency-Related International Wires
Just recently news.Bitcoin.com reported on the company Metropolitan Bank Holding Corp (NYSE: MCB) allegedly ceasing international cryptocurrency transfers. The bank is well known for being called the “Bitcoin Bank” and responded today to “erroneous statements” made by the media.
Read more & Source: https://news.bitcoin.com/metropolitan-bank-denies-stopping-cryptocurrency-related-international-wires/
🗞 Is Global Front on Bitcoin Regulation Possible?
On a day where confusing news continues to emanate from South Korea and China on new proposed bans and restrictions on Bitcoin, a member of the board of Germany’s Bundesbank has called for a united global regulatory front.
Joachim Wuermeling of Bundesbank believes there is very little chance of containing this digital global phenomenon with differing national rules across the globe. With international co-operation in regulating Bitcoin comes a chance for regulators to take control, says Wuermeling.
Read more & Source: https://cointelegraph.com/news/is-global-front-on-bitcoin-regulation-possible
🗞 Daily Crypto News, January 16th💰
🗞 Daily Crypto News, January 15th💰
🗞 Daily Crypto News, January 14th💰
🗞 Daily Crypto News, January 13th💰
🗞 Daily Crypto News, January 12th💰
🗞 Daily Crypto News, January 11th💰
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I am amazed and happy that things like this(scams taken down by regulators) can happen in the crypto space. Even if I considered it to be a scam I never thought they will be brought down by a regulator, given that they can always start in another region..
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The Bitconnect scam has had a ripple effect on the rest of the market and will continue to do so in the coming weeks. The time that the shut down came at was not very timely with all of the other news hitting the markets at the moment.
Thanks for the update!
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That means the next few weeks will be a buying opportunity.
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That;s what I am thinking, if you are a strong believe in the future of cryptocurrencies, these dips won't phase you!
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Clearly! I just with I wasn't so Long when this dip happened :(.
Anyway, I am not worried about the Crypto Future ;)
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I know how you feel - neither am I!!
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Finally gone.. That scam was an eyesore that somehow raised too high and for too long. It gave cryptocurrency bad image while it lasted... Glad to see it gone.
I just hope those who invested in it didn't take severe capital loses.
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what do you think about sbd and steam prices are opposite each other?
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seems the scam is still running using the staking system? they only said the lending is stopping... wonder if the coin will stay active with staking or if the whole thing will vanish. Its strange that instead of an exit scam, they gave everyone coins back so at least people were not hurt so badly, they can hold or sell the coins at this point.
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good news. Thank you, I just Follow you @vlemon
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Finally alot of people will stop losing their money to such scams. Thank you for the info. Keep up the good work
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Nice post sir
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Very nice i like your news
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This post has received a 0.53 % upvote from @booster thanks to: @vlemon.
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It is truly baffling that people defended Bitconnect in lieu of all the evidence that it was a total scam. There was even one who put a comment on a post last night that there is no evidence of that....that is was a threat to the banksters so it was shut down.
I mean come on....I dislike the banksters as much as anyone and do not put anything past them. Yet to still defend BCC after this is absurd.
Some just want to put their head in the sand and ignore what is so obvious.
This is a great day in the crypto world....scams like this only give the mainstream fodder to attach the entire industry.
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Sickening MISSpelling in an add from a week ago:
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