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Bitconnect Still Haunts Crypto World, Mentioned in US SEC Decision on Bitcoin ETF

Published 08/24/2018, 09:36 AM
Updated 08/24/2018, 10:40 AM
 Bitconnect Still Haunts Crypto World, Mentioned in US SEC Decision on Bitcoin ETF
BTC/USD
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Activity around Bitconnect on social media keeps heating up, with suggestions of the platform’s relaunch potentially coming soon. The activity is centered around a Discord channel where a concerted Steemit campaign is being coordinated. Additionally, there is a mention of BCC coins still held in wallets and possibly reused again in a new scheme.

BitConnect finally pulled off the exit scam in January, as the bear market wiped out Bitcoin (BTC) prices and made the scheme non-viable. BitConnect was a pyramid scheme of lending, which tried to survive for longer by pruning the layers of the pyramid. But finally, it could no longer rely on new buyers to pay out older entrants, and the price of BCC crashed from as high as $500 down to $0.50.

But perhaps the most significant development is the fact that Trevon James videos are continuing - this time, not directly related to BitConnect, but containing attempts to gather likes, and make appeals to the community. James, one of the ...


This article appeared first on Cryptovest

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