BITCONNECT'S STATEMENT OF SHUTTING DOWN THEIR LENDING PLATFORM:
Changes coming for the Bitconnect system - Halt of lending and exchange platform
This is to inform all community members that we are closing the Bitconnect lending and exchange platform. We are closing the lending operation immediately with the release of all outstanding loans. With release of your entire active loan in the lending wallet we are transferring all your lending wallet balance to your BitConnect wallet balance at 363.62 USD. This rate has been calculated based on last 15 days averages of the closing price registered on coinmarketcap.com. You are free to withdraw your BitConnect coin currently in QT wallets that was used for staking as well. We are also closing BCC exchange platform in 5 days. In short, we are closing lending service and exchange service while BitConnect.co website will operate for wallet service, news and educational purposes.
The reason for halt of lending and exchange platform has many reasons as follow:
The continuous bad press has made community members uneasy and created a lack of confidence in the platform.
We have received two Cease and Desist letters, one from the Texas State Securities Board, and one from the North Carolina Secretary of State Securities Division. These actions have become a hindrance for the legal continuation of the platform.
Outside forces have performed DDos attacks on platform several times and have made it clear that these will continue. These interruptions in service have made the platform unstable and have created more panic inside the community.
Closing the lending and exchange platform doesn’t mean that we will stop supporting BitConnect coin. Closing the lending platform will allow Bitconnect to be listed on outside exchanges giving more options for trading.
We will keep working to make BitConnect coin available to merchant websites providing them API access to accept BitConnect Coins on their platforms.
BitConnect X ICO is still functional and we are building an exchange platform on the BitConnect X website. With BitConnect X operating as an exchange platform, BitConnect Coin (BCC) will be listed there.
This is not the end of this community, but we are closing some of the services on the website platform and we will continue offering other cyptocurrency services in the future.
Best Regards,
The Team BitConnect
#Bitconnect #Cryptocurrency #Crypto #Bitcoin #BCC #Altcoins #CryptoLending #Blockchain #CryptoNews
Changes coming for the Bitconnect system - Halt of lending and exchange platform
This is to inform all community members that we are closing the Bitconnect lending and exchange platform. We are closing the lending operation immediately with the release of all outstanding loans. With release of your entire active loan in the lending wallet we are transferring all your lending wallet balance to your BitConnect wallet balance at 363.62 USD. This rate has been calculated based on last 15 days averages of the closing price registered on coinmarketcap.com. You are free to withdraw your BitConnect coin currently in QT wallets that was used for staking as well. We are also closing BCC exchange platform in 5 days. In short, we are closing lending service and exchange service while BitConnect.co website will operate for wallet service, news and educational purposes.
The reason for halt of lending and exchange platform has many reasons as follow:
The continuous bad press has made community members uneasy and created a lack of confidence in the platform.
We have received two Cease and Desist letters, one from the Texas State Securities Board, and one from the North Carolina Secretary of State Securities Division. These actions have become a hindrance for the legal continuation of the platform.
Outside forces have performed DDos attacks on platform several times and have made it clear that these will continue. These interruptions in service have made the platform unstable and have created more panic inside the community.
Closing the lending and exchange platform doesn’t mean that we will stop supporting BitConnect coin. Closing the lending platform will allow Bitconnect to be listed on outside exchanges giving more options for trading.
We will keep working to make BitConnect coin available to merchant websites providing them API access to accept BitConnect Coins on their platforms.
BitConnect X ICO is still functional and we are building an exchange platform on the BitConnect X website. With BitConnect X operating as an exchange platform, BitConnect Coin (BCC) will be listed there.
This is not the end of this community, but we are closing some of the services on the website platform and we will continue offering other cyptocurrency services in the future.
Best Regards,
The Team BitConnect
#Bitconnect #Cryptocurrency #Crypto #Bitcoin #BCC #Altcoins #CryptoLending #Blockchain #CryptoNews
BREAKING NEWS!!
CFTC to take "Do No Harm" Approach to Crypto Regulation
https://www.coindesk.com/cftc-to-take-do-no-harm-approach-on-crypto-regulation/
#Cryptocurrency #Regulation #SEC #Crypto #Bitcoin #Blockchain #Investing #PositiveVibes
CFTC to take "Do No Harm" Approach to Crypto Regulation
https://www.coindesk.com/cftc-to-take-do-no-harm-approach-on-crypto-regulation/
#Cryptocurrency #Regulation #SEC #Crypto #Bitcoin #Blockchain #Investing #PositiveVibes
CoinDesk
CFTC to Take 'Do No Harm' Approach on Crypto Regulation
The chairman of the U.S. Commodity Futures Trading Commission has spoken of the need for balance when regulating cryptocurrencies.
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I want EVERYBODY to be careful in the crypto markets while investing! There’s so many scams out there and easy to fall for if you don’t know any better! Always do your homework and listen to someone that knows the crypto market inside and out! You need a mentor and someone that has your back that KNOWS what to look for! Such as claiming to give you 3x ROI in two days... while mining!!! NOT possible! Once you send your crypto there’s ZERO chance of getting it back!
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I want to clean up this market, help people understand crypto space, invest proper, help people achieve their dreams and financial goals and properly inform you, especially in crypto, how to make a ton of money and not get scammed by nitwits like @tommyrikki81 - REPORT HIM AND BLOCK HIM! (And click on my profile link if you want free crypto resources or proper training in crypto.
Follow @kylereaofficial on IG
For fresh crypto news & marketing strategies, tips and tricks!
https://www.instagram.com/p/Blwb11rHz40/?utm_source=ig_share_sheet&igshid=8khu3xsro6ws
Instagram
KyleRea.net
I want EVERYBODY to be careful in the crypto markets while investing! There’s so many scams out there and easy to fall for if you don’t know any better! Always do your homework and listen to someone that knows the crypto market inside and out! You need a…