Digital currency luminaries such as Vitalik Buterin have called Bitconnect a Ponzi scam and the project is in trouble with Texas and North Carolina regulators. Bitconnect has responded by closing the majority of its operations.
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A national petition against extreme cryptocurrency regulations in South Korea has exceeded 200,000 signatures, the requirement for the government to respond. The petition entitled “Has the government ever dreamed a happy dream for the people?” was filed on December 28. Meanwhile, another related petition calls for the removal of the governor of the country’s Financial […]
The post 215,000+ Sign Petition Against South Korean Crypto Regulation – Government to Respond appeared first on Bitcoin News.
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A new Bitcoin Cash (BCH) tip bot that lets anyone send small microtransactions using BCH called ‘Tippr’ is gaining a lot of traction on the web these days. Also Read: Some UK Mortgage Lenders Refuse to Serve Bitcoin Investors The Bitcoin Cash Tip Bot ‘Tippr’ Is Gaining A lot of Traction A few years […]
The post Bitcoin Cash Tip Bot ‘Tippr’ Distributes Thousands of Micropayments appeared first on Bitcoin News.
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For naive investors who invested in BitConnect (BCC), today marks an exponentially bigger loss than the general cryptocurrency downtrend. After discontinuing its “lending” program, BCC instantly plummeted over 90% from the day’s high, dropping from over US$330 to a low of just under $20. While most of the community warned about the blatant scam presented by BitConnect’s lending program, the ponzi still rose to a top market cap of almost US$3 billion. With the lending program, individuals could deposit USD or Bitcoin onto their BitConnect accounts, where they would then stake their holdings for daily interest for a predetermined periodPowered by WPeMatico
For some investors, these past 24 hours have represented a state of panic, as cryptocurrency markets are experiencing a major drawback after an explosive December and first half of January. With Bitcoin down over 20%, only one coin on the top 100 outside of Tether (USDT) has maintained its dollar value in the wake of the current Bitcoin dump. Neblio (NEBL) is the only currency in the top 100 on Coinmarketcap that has appreciated in the past 24 hours, gaining 1% in USD to achieve a price of US$23.86. Beyond that, only 22 of the other 99 currencies on thePowered by WPeMatico
In a move that will surprise few observers, Bitconnect has announced that it is closing its lending and exchange platform. The company has widely been accused of operating a Ponzi scheme and was recently rocked by cease and desist notices in two US states. Immediately after the firm declared its intention to wind things up, […]
The post Bitconnect Shuts Down Its Exchange Citing a String of Excuses appeared first on Bitcoin News.
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China has dominated the bitcoin mining industry for a couple of years, but fears of a government clampdown are signaling now might be the best time to enter the market elsewhere in the world. And someone just made a big bet that Russia, with its cold weather and plentiful fossil fuel energy sources, is the […]
The post Businessman Outright Buys Two Electric Power Stations to Do Bitcoin Mining in Russia appeared first on Bitcoin News.
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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. 1. Bitcoin The grandfather of crypto, secure decentralized transactions and store of value. 2. Ethereum Number one smart contracts and token platform, leader in providing a robust platform for decentralized app development. 3. Ripple Fast and secure transactions, similar to Bitcoin but targeted towards financial institutions. 4. Bitcoin Cash Bitcoin fork thatPowered by WPeMatico
Another cryptocurrency service provider has been hacked, costing hundreds of thousands of dollars worth of losses to Stellar users this time. DNS hackers have hijacked the Blackwallet server, redirected some of the traffic and made off with 669,920 XLM. Also Read: Japan’s Largest Bank to Launch Cryptocurrency Exchange Stellar Wallet Blackwallet Compromised The team behind […]
The post Hackers Steal $400k from Users of a Stellar Lumen (XLM) Web Wallet appeared first on Bitcoin News.
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