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Bitconnect shuts down exchange, stops lending too

Bitconnect shuts down exchange, stops lending too

Bitconnect, a company suggesting cryptocurrency trading and lending, said it is shutting down its operations. The webpagina also has its own coin: BitConnect Coin (BCC), which can be traded on Bitconnect&rsquo,s toneelpodium and several other exchanges like HitBTC, Livecoin, CoinExchange and TradeSatoshi.

Ter an announcement from January 16, the toneel says the lending operations are terminated instantly, while the exchange will proceed to operate for another five days.

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&ldquo,Wij are closing the lending operation instantaneously with the release of all outstanding loans&rdquo,, BitConnect said. &ldquo,With release of your entire active loan ter the lending wallet wij are transferring all your lending wallet balanceo to your Bitconnect wallet balanceo at 363.62 USD. This rate has bot calculated based on last 15 days averages of the closing price registered on coinmarketcap.com.&rdquo,

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The webstek will proceed its existence spil a wallet service, news and educational purposes. BitConnect will proceed the support for the BCC coin and will actually provide more opportunities to trade te it.

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Bitconnect said there are three main reasons behind the decision: &ldquo,continuous bad press&rdquo,, which has created uneasiness ter the community, two cease and desist orders from the Texas State Securities Houtvezelplaat, and one from the North Carolina Secretary of State Securities Division. The third reason are &ldquo,Outside compels have performed DDos attacks on toneelpodium several times and have made it clear that thesis will proceed&rdquo,.

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Spil a result of the news, the price of BCC fell almost 97%, to $7.Two on the following day.

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Bitconnect has faced criticism from vooraanstaand figures te the cryptocurrency world like the Ethereum creator Vitalik Buterin who likened it to a &ldquo,ponzi scheme&rdquo,. He wasgoed most likely referring to its multillevel marketing referral system that wasgoed promising up to 40% earned rente, plus a daily verzekeringspremie of up to 0.25% vanaf day, on each loan. On top of that, BitConnect wasgoed telling that the BitConnect coin wasgoed &ldquo,an interest-bearing asset with 120% come back vanaf year.&rdquo,

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3 thoughts on “Bitconnect shuts down exchange, stops lending too

  1. ssa6213 says:

    I am so astonished to hear a matter of news that livecoin.televisiekanaal is a scam

  2. gidleydou says:

    They immobilized and credited my account – 10% toverfee, because they had to do manualy. Thank you !

  3. flyingtracypilot says:

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