Exchange cash for bitcoin

Amid a cryptocurrency price correction that has seen the price of Bitcoin drop by half from its mid-December peak, UK-based cyber-cash lending and exchange biz BitConnect said it is shutting down. The firm, dogged by accusations that it is a Ponzi schemecited bad press, regulatory orders, and cyber attacks for its market exit this week. BitConnect said it has received two cease-and-desist letters from US financial watchdogs: The letter from Texas authorities, an emergency cease-and-desist order sent January 3,charges the company with fraud and misleading investors.

The letter from North Carolina authorities observes that BitConnect's purported rate of return amounts to about 3, per cent annually. Noting that such rates "are extremely unusual in financial markets," the North Carolina letter stated: Back in November, UK authorities issued a letter directing the upstart to prove its legitimacy or face dissolution.

BitConnect promised patrons the ability to earn interest on Bitcoins by lending them. It also attempted to entice new customers by loaning them alt-coins of its own, BitConnect Coin BCCand offering more of the same if they could get exchange cash for bitcoin to sign up. Through its website, the company insisted it will continue supporting its BCC currency and touts its new exchange platform, Bitconnect Xand exchange cash for bitcoin currency BCCX.

BitConnect is supposedly owned by someone named Ken Fitzsimmons, but scant online information makes this difficult to verify. BitConnect's woes echo a broader cryptocurrency crisis that appears to have been precipitated by an uptick in regulatory intervention. Last month, the South Korean Financial Services Commission announced that in January cryptocurrency exchanges could only issue new accounts using people's exchange cash for bitcoin names.

China is reportedly considering further exchange cash for bitcoin on cryptocurrency. And Russian President Vladimir Putin has suggested regulation of cryptocurrency may be necessary, according to Tass. Government attention of this sort hasn't helped the market for fanciful digital tokens of intermittent redeemability. The prices for Bitcoin, Ethereum, and Ripple, the three most popular cryptocurrencies, were all down considerably on Wednesday. Faced with such volatility, true believers appear to be undaunted.

Minckwitz's exhortation, it should be exchange cash for bitcoin, is followed by the obligatory disclaimer that such sentiment "should not be considered professional financial investment advice. Meanwhile, on community site Reddit, BitConnect forum posts advertise suicide-prevention hotlines, perhaps in sympathy or perhaps in jest.

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Amid a cryptocurrency price correction that has seen the price of Bitcoin drop by half from its exchange cash for bitcoin peak, UK-based cyber-cash lending and exchange biz BitConnect said it is shutting down. The firm, dogged by accusations that it is a Ponzi schemecited bad press, regulatory orders, and cyber attacks for its market exit this week.

BitConnect said it has received two cease-and-desist letters from US financial watchdogs: The letter from Texas authorities, an emergency cease-and-desist order sent January 3,charges the company with fraud and misleading investors.

The exchange cash for bitcoin from North Carolina authorities observes that BitConnect's purported rate of return amounts to about 3, per cent annually. Noting that such rates "are extremely unusual in financial markets," the North Carolina letter stated: Back in November, UK authorities issued a letter directing the upstart to prove its legitimacy or face dissolution.

BitConnect promised patrons the ability to earn interest on Bitcoins by lending them. It also attempted to entice new customers by loaning them alt-coins of its own, BitConnect Coin BCCand offering more of the same if they could get others to sign up. Through its website, the company insisted it will continue supporting its BCC currency and touts its new exchange platform, Bitconnect Xand accompanying currency BCCX.

China is reportedly considering further restrictions on cryptocurrency. And Russian President Vladimir Putin has suggested regulation of cryptocurrency may be necessary, according to Tass. Government attention of this sort hasn't helped the market for fanciful digital tokens of intermittent redeemability.

The prices for Bitcoin, Ethereum, and Ripple, the three most popular cryptocurrencies, were all down considerably on Wednesday. Faced with such volatility, true believers appear to be undaunted. Minckwitz's exhortation, it should be noted, is followed by the obligatory disclaimer that such sentiment "should not be considered professional exchange cash for bitcoin investment advice. Meanwhile, on community site Reddit, BitConnect forum posts advertise suicide-prevention hotlines, perhaps in sympathy or perhaps in jest.

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Junk food meets junk money: Lloyds Bank bans Bitcoin purchases by credit card customers B-b-b. Cops seek 4 for aggravated burglary in Midsomer Exchange cash for bitcoin town Fintech workers reportedly targeted. UK reaches peak Bitcoin as bin firm accepts cryptocurrency 'It's not a publicity stunt,' says BusinessWaste. JavaScript fingered for poking cash-spilling holes in Bitcoin wallets If you've got an old money store, check it for hacked gaps.

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