Connect with us


BitConnect [BCC] to be delisted from cryptocurrency exchange platform ‘Trade Satoshi’




BitConnect [BCC] to be delisted to from cryptocurrency exchange platform 'Trade Satoshi'
Source: Unsplash

The most notable Ponzi scheme in the cryptocurrency space, BitConnect, is going to be delisted from its last exchange platform. The scam is also referred to as one of the biggest Bitcoin scams in cryptoverse. It was one of the most controversial cryptocurrencies in the space at the beginning of this year.

According to CoinMarketCap, at present, the token is listed only on Trade Satoshi and is paired with Bitcoin [BTC], Bitcoin Cash [BCH], Dogecoin [DOGE] and Litecoin [LTC]. Trade Satoshi is a cryptocurrency exchange platform with a volume of more than $1 million. The exchange platform recently announced that they would be de-listing the token from their platform.

Bitconnect [BCC] current market | Source: CoinMarketCap

BitConnect [BCC] current market | Source: CoinMarketCap

The exchange platform announced on Twitter:

“The following coins will be delisted from Tradesatoshi Exchange the 10-09-18 BCC, LBC, EBLU, SLC, BSS, FRX, HYPER, DMCC, JESUS, TPAY.”

Post the delisting from this platform, the BitConnect token will not be available for trade on any other platform. This would officially make it a dead token in the market.

BitConnect was an exchange platform which focused on becoming the world’s first P2P lending platform. The BCC token was one among the top 20 cryptocurrencies in the market during the end of 2017. In addition, the platform is also well-known in the cryptocurrency space because of its promotional conferences. The promotion of the platform which was carried by Carlos Martos, an investor of BitConnect in Thailand is still making turns in the space.

The coin hit its all-time high in December 2017, with a valuation of $463. However, the coin tumbled below $5 in the month of January 2018 because of scam accusations made against the platform. The platform was issued with an emergency cease and desist order from the Texas State Securities Board under the suspicion of being a Ponzi scheme because of the promised returns.

Moreover, in November 2017, the exchange platform was issued with a 2-month notice, within which the platform was required to authenticate itself or dissolve its business by the UK government. Due to all these factors and bad publicity, the exchange platform announced that they would shut down their operations.

Recently, Calen Powell, one of the promoters of BitConnect, announced that he is currently being restrained, threatened and questioned by the FBI.

Subscribe to AMBCrypto’s Newsletter

Follow us on Telegram | Twitter | Facebook

Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.


Tron DApp Weekly Report: Gambling apps leads the surge in Tron DApp numbers

Namrata Shukla



Tron DApp Weekly Report: Tron DApps number led by Gambling apps
Source: Pixabay

Tron, the eleventh largest cryptocurrency on CoinMarketCap, recently collaborated with Bitpie, a partnership that would help startups to bridge the gap in vulnerable financial systems. Tron’s token might be lagging in terms of performance in the market but, Tron DApps continued to surge.

The DApp weekly report released by the Tron Foundation reported an increase of 22 DApps in the Tron ecosystem, taking the total to 392. It noted that gambling DApps mainly contributed to this growth as 17 DApps were gambling-based. Decentralized exchanges followed suit, as 3 new DApps made their way into the Tron DApp ecosystem. The main highlight for the entire Tron community was the partnership with Opera, a mainstream browser.

Tron introduced a DApp ‘Lucky Moon,’ an entertainment-based DApp that pushes users to estimate the current time to run away from the imploding rocket with a specific reward rate. As the rocket takes-off, the reward rate keeps increasing and the player will have to escape at the right time. An extension of this game is ‘Tyrant Annihilation,’ where users need to collect seven types of equipment to kill a tyrant. The DApp might have taken inspiration from The Avengers.

The report made note of the fact that the Tron public chain received support from Aocoin wallet, a decentralized secure digital currency wallet. My Token, a software company that specializes in market information has been integrated into Tronscan and TRX market, leading the way to user traffic in DApps ecosystem.

At press time, Tron was valued at $0.0283 with a market cap of $1.89 billion. The 24-hour trading volume of the coin was noted to be $690.34 as it reported 6.36% growth over the past day. The coin grew by 8.80% over the past seven days, but fell by 0.44% in an hour.

Subscribe to AMBCrypto’s Newsletter

Continue Reading