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.