WebDude, just give it up. These HYIPs do this all the time. Bitconnect lasted longer than the norm, but it was the same result as all the others. If anyone tries this again, word of advice...never compound. Start taking the interest out from day 1. Bitconnect was the exception but lending sites like this do not normally have this long of a shelf life. WebBitconnect generates value off not only the price of its coin but also off the exchange fees as people buy and sell the coin. Around 22 million dollars in Bitcoin are traded every day on Bitconnect. The interest is determined by the Bitcoin price. As long as the price of BTC increases or changes, they will be able to pay.
How BitConnect pulled the biggest exit scheme in cryptocurrency
WebBitconnect is a Ponzi Scheme because their referall program works exactly like a traditional Ponzi. Anyone you refer you get 7% or 8% of their deposit. Let’s say they deposit and do … WebFeb 25, 2024 · BitConnect is an alleged fraudulent cryptocurrency investment platform that reached a peak market capitalization of $3.4 billion. According to court documents, … simple fashion rings
BitConnect price today, BCC to USD live, marketcap and …
WebSep 2, 2024 · The SEC had on May 28 filed a related lawsuit against five other BitConnect promoters. It has obtained judgements requiring two promoters, Michael Noble and Joshua Jeppesen, and Jeppesen's... WebJan 30, 2024 · Crypto lending platforms can be either centralized or decentralized, and lenders may be able to get extremely high-interest rates—up annual percentage yields (APYs) of 15% or more—depending on ... WebReading Time: 3 mins read. A Securities and Exchange Commission (SEC) civil lawsuit has been filed against five individuals allegedly involved in promoting BitConnect’s “lending program”. BitConnect shut down it’s main lending platform operations in 2024 after regulatory warnings and allegations of fraud. rawhide slot machine wins