Tagged: bitconnect

Google to Allow Regulated Crypto Services to Advertise in US and Japan

Google UK

Google will reduce the extent of its ban on cryptocurrency ads this October by allowing regulated crypto exchanges to advertise on the platform to US and Japanese audiences only, CNBC reports. In the spring and early summer of this year, Google, Facebook, Twitter and SnapChat… Read More

Three Firms Ordered to Explain Their ICOs in Colorado Hearings Fail to Show, Cease and Desist Orders Likely

Three companies ordered by the Colorado Securities Commissioner Gerald Rome to justify their ICOs (initial coin offerings) in a live hearing before commissioners August 24th failed to appear, according to notice by the Colorado Department of Regulatory Agencies. Expectations are there likely won’t be another hearing…. Read More

Head of Indian BitConnect Scam Arrested

The man accused of leading the Bitconnect cryptocurrency pyramid scheme in India was arrested this weekend at an airport in New Delhi, Financial Express reports. Divyesh Darji was en route to Ahmenabad, the capital of the Indian state of Gujarat, from Dubai, where he had… Read More

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

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