Bitcoin Price Could Hit $15,000 This Year

Christopher Matta, Goldman Sachs

According to my estimates, the recent tx spam on the ETH network cost up to ~$15m USD

Vitalik Buterin

Bitconnect is“Officially Dead ”: Cryptocurrency is Delisted From All Crypto Exchanges

The crypocurrency of Bitconnect project which has become one of the well-known pyramids in the crypto space was delisted drom TradeSatoshi – one of the last platforms which used to support it.

Bitconnect has created waves several months ago. In fact, it was a standard pyramid: 1% of daily income, referral bonuses and etc. Promoters and people who had already invested in the project told about incredible profit and offered newcomers to join it. At the same time, the ones claiming that Bitconnect was just a scam project didn’t go unnoticed. Finally, these people turned out to be right.

Last winter, the Bitconnect gave out. Like any other pyramid promising to provide fantastic profit, it failed to fulfill its obligations. The project and its services were shut down, BCC token rate dropped, many people ended up with nothing, losing their savings invested in Bitconnect.

Nevertheless, some exchanges kept supporting BCC. Finally, the token was delisted from TradeSatoshi platform on September, 10th (by that moment, this coin’s trading volume was almost at the zero level). This may be considered as an official death of a cryptocurrency which has already been almost dead. However, one can still find information about BCC on CoinMarketCap.

What is the result? Thousands of deceived investors, $5.6 million are stolen and American law enforcements are getting in contact with their Indian colleagues (Bitconnect is based in India) in a bid to confiscate company’s property. Bitconnect is dead for sure, but the story is still under way.