Earlier today, Texas State Securities Board handed Bitconnect a Cease and Desist letter, ordering them to shut down its operations and its BitConnect Coin (BCC) within 30 days of receiving the notice.
So many prominent members of the crypto community had long been suspicious of BitConnect and its low-risk, high-return promise and they labelled it as an outright scam.
Here's What Charlie Lee founder of Litecoin said in November, 2017
Prospective investors are now being cautioned by pioneers of blockchain and cryptocurrency against BitConnect, deeming the platform a Ponzi scheme.
Let's see if Bitconnect would request a gearing "'"
We shall see if they will request for gearing and what the outcome shall be
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Yh..... they still have like 29 days to do that
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Bitconnect is a decentrlised cryptocurrency,then who can force them to shut down fully..?
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