This week’s Bitcoin crash was all about fraud and regulation

in #fact • 7 years ago

Cryptocurrencies have had a rough week: the value of bitcoin plunged to a mere 50 percent of its 2017 peak, and other currencies, such as Ethereum, Ripple, and Litecoin have seen double-digit losses compared to their heights from last year. Tuesday also witnessed the collapse of BitConnect, an anonymously operated crypto exchange that had been repeatedly accused of running a Ponzi scheme via its proprietary BCC currency.

#bitcoin #steem #steemit
7 years ago in #fact by
$0.00
    2 votes
    Reply 4
    Sort:  
  • Trending
    • [-]
     7 years ago 

    Congratulations @imtiazkashmiri! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

    Award for the number of comments

    Click on any badge to view your own Board of Honor on SteemitBoard.
    For more information about SteemitBoard, click here

    If you no longer want to receive notifications, reply to this comment with the word STOP

    By upvoting this notification, you can help all Steemit users. Learn how here!

    [-]
     7 years ago 

    Coins mentioned in post:

    CoinPrice (USD)📈 24h📉 7d
    BCCBitConnect36.097$-35.3%-88.57%
    ETHEthereum1068.420$7.32%-13.44%
    LTCLitecoin197.752$8.38%-16.65%
    XRPRipple1.680$20.35%-18.87%
    [-]
     7 years ago 

    This temporal correction followed by a quick price stabilization has managed to scare away the weak hearts while reinforcing the confidence of long term investors.

    Coin Marketplace

    STEEM 0.21
    TRX 0.20
    JST 0.035
    BTC 91335.22
    ETH 3181.67
    USDT 1.00
    SBD 3.00