Tagged: bitconnect

YouTube Named in Class Action Against Bitconnect

  Youtube, “failed as a gatekeeper to protect its users,” by allowing affiliates of the Bitconnect cryptocurrency ponzi scheme to post 70 000 hours of promotional video, lawyers for plaintiffs in a class action claim. Bitconnect used multilevel marketing to boost operations and several Bitconnect… Read More

This Bitconnect Video Pretty Much Sums Up the Dicey World of Cryptocurrency Investing

Sure. There are plenty of legitimate initial coin offerings and cryptocurrency platforms. But for every business that is attempting to operate a real business there are a handful that should have never existed at all. BitConnect is one of those companies and it is no… Read More

Recent Cease & Desist by Texas Regulators Targeting BitconnectX ICO May Foreshadow More Enforcement Actions

The regulatory drums are getting louder when it comes to initial coin offerings (ICOs). The first shot across the virtual bow was the Securities and Exchange Commission (SEC) Report addressing the DAO and the fact it was an unregistered security. Since last July, there have been… Read More