BitConnect Webiste and Login Issues Is Down Right Now USA
The closure follows months of legal troubles and accusations of fraud from regulators in Texas and elsewhere. Bitconnect was in operation for over a year but has now shut down the bulk of its operations. Most people want to know if they can really count on this business while some want to know how long it’s going to take for it to go down if it’s going to go down. A few months after creation, however, BitConnect implemented an ICO for its own currency. By then it should either. Funds invested are tied up for between 120 and 299 days. Below is from the BitConnect Twitter page. The site also has its own coin: BitConnect Coin (BCC), which can be traded on Bitconnect’s platform and several other exchanges like HitBTC, Livecoin, CoinExchange and TradeSatoshi. On January 17, 2018, Bitconnect shut down, and BCC prices crashed by 92% immediately after. Good News Network · Most Popular Searches · What You Are Looking For · Breaking News. It was fun either way and worth the risk. Mid day today (Friday) the website came back up and the “maintenance” turned out to be a slightly more critical event – I am paraphrasing here – ” The website has experienced a glitch, and some users were able to withdraw more currencies than they deposited. BitConnect Coin is a decentralized digital currency, an open-source and peer-to-peer protocol that allows people to invest their possession in a non-government related currency and stores it and even earn from these investments. Worth $6600 and dropping by the second.
The following is my opinion only: DDoS attacks take time. Originally, the BitConnect platform promoted Bitcoin investment and touted special investment software that helped generate returns. The company has widely been accused of operating a Ponzi scheme and was recently rocked by cease and desist notices in two US states. Bitconnect, the lending and exchange platform that was long suspected by many in the crypto community of being a Ponzi scheme, has announced it’s shutting down. On the 16th of January 2018, Bitconnect announced to the world that they were closing down the lending platform immediately and the exchange would be shut just five days later. They sent me 33 BCC for my $11k+ in loans. If you are thinking about investing with BitConnect you may want to wait at least 2 months first. Bitconnect initially launched with the promise of large returns for people who bought. Days after Ethereum founder Vitalik Buterin hinted BitConnect might be running a Ponzi scheme, the UK is shutting the Bitcoin investment platform down. BitConnect predictions are updated every 3 minutes with latest prices by smart technical analysis. Bitconnect has a marketcap of $592,505,917, that is down about $1,500,000,000 since people started asking if it is a scam. The closure of BitConnect’s lending and exchange platform was a major development given that its sales pitch prominently features the promised returns from lending out the currency, known as BCC, via the site.
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The statement goes on to suggest that BitConnect will now operate solely “for wallet service, news and educational purposes.” “We are closing the lending operation immediately with the …. In a release on its website th. BitConnect.co Is Down. If you are a bitconnect user, you may have noticed that the website has been periodically down throughout the day. Market cap is the total dollar market value of a company’s outstanding shares (calculated from multiplying a coin’s shares outstanding by the current market price of one share). Bitconnect.co seems to be down. We have tried accessing the Bitconnect.co website using our servers and we were unable to connect to the website. If Bitconnect.co is also down for you then there is likely a problem with their servers. On November 11, bitconnect was bombarded with thousands of inquiries about the news that the company was shutting down. Image Credit One of the truths exposed was: the company status has been ‘Active’ and it was re-registered on September 6, 2017. Bitconnect is Down. If it WAS a scam, then people who invested what they could afford to lose or house money won’t care. If you cashed out some or all your initial as you could have, you wouldn’t care even more. If it isn’t a scam, then it’ll return to business as usual when things are assessed and improved. Market cap is the total dollar market value of a company’s outstanding shares (calculated from multiplying a coin’s shares outstanding by …. After the announcement, the price of BCC tanked on the few public markets on which the …. It all suddenly dawned on investors that Bitconnect was a giant Ponzi scheme and this was the BCC crew rushing for the exits. Bitconnect announced it would refund its loans. However, the Bitconnect X website remained open and operational, having just begun its ICO and allowing users to …. From last night until this morning the BitConnect.co website was completely down. Apache/2.4.29 (Ubuntu) Server at bitconnect.co Port 443 Unauthorized access. This Proof-of-Stake system is paired with a Proof-of-Work mining platform for a hybrid currency that offers the best of both worlds. Thousand of people lost everything because they couldn’t withdraw their money from exchanges. Controversial ‘BitConnect’ Shuts Down Lending Program, Exchange Platform. BitConnect coins aren’t completely disappearing (only BitConnect’s internal lending program and exchange platforms are going.) However, BCC tokens have taken a hit in their valuation to the tune of roughly 90%, falling from roughly $360 to around $20. The team revealed that all outstanding loans are being transferred to each user’s BitConnect wallet at a rate of US$363.62. It promises guaranteed returns on investment. The growth of platform appears to be driven by their affiliate program. I always tell people before you go into any business be it online or offline, you should carry out lots of research on it. If Bitconnect.com is down for you then please visit our troubleshooting section to try to diagnose and resolve the problem. This website was last checked: 671 …. Their exchange is down so the only option is to send the BCC to an external exchange. — LifeByAdam (@LifeByAdam1) January 16, 2018. …. They have officially shut down their lending program and the price of …. BitConnect’s lending service will be shuttered, effectively immediately, while its exchange platform will close in 5 days, according to …. AdInformation for you. Bitconnect. Find Bitconnect here. In January of 2018, Bitconnect was shut down. Pro and con. Bitconnect uses Scrypt algorithm rather than SHA256 to validate transactions. The firm, dogged by accusations that it is a Ponzi scheme, cited bad press, regulatory orders, and cyber attacks for its market exit this week. Therefore, it will not be possible withdraw or deposit into BitConnect until then. So prepare yourself if the site goes back down again. Bitconnect Shuts Down Its Exchange Citing a String of Excuses. In a move that will surprise few observers, Bitconnect has announced that it is closing its lending and exchange platform. Bitconnect, which had long been suspected of being a Ponzi scheme, has announced that it will be shutting down its lending and exchange platforms. The news was followed by a massive sell-off, resulting in BCC (the platform’s native token) dropping to $21.67 from a high of $431 just ten days ago. Historical index for the BitConnect price prediction: D “Should I invest in BitConnect CryptoCurrency?” “Should I buy BCC today?” According to our Forecast System, BCC is a bad long-term (1-year) investment*. It’s important to note that due to the low market cap, BCC price can be easily manipulated. Hence, BitConnect helps someone by having investment interest while they also help on the system security. Bitconnect markets itself as open source, community cryptocurrency and displays this description on its homepage “Bitconnect is an open source, peer-to-peer, community driven decentralized cryptocurrency that allow people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on investment.