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
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     7 years ago 

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     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 0.16
    TRX 0.16
    JST 0.028
    BTC 73442.21
    ETH 2602.53
    USDT 1.00
    SBD 2.39