Ponzi Scheme BitConnect Plummets 90%

For naive investors who invested in BitConnect (BCC), today marks an exponentially bigger loss than the general cryptocurrency downtrend. After discontinuing its “lending” program, BCC instantly plummeted over 90% from the day's high, dropping from over US$330 to a low of just under $20.
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… the router and/or disabling the “Cast” function on devices until “an update is released to permanently fix this issue on the device itself.” “We're aware that a small number of users are having issues and our team is working quickly to share a solution,” a Google spokesperson told Fortune in a statement.
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Bitcoin extended its sharp tumble of the past 24 hours, skidding more than 7% on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year. The price of the world's biggest and best known
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The big four banks have quietly taken the knife to savings account interest rates during the summer months, with many customers now earning less than 1 per cent on their cash held in the bank. Commonwealth Bank, National Australia Bank and Westpac have all sliced some of the rates paid on their
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It's that time of year when the rest of the world is still taking down holiday decorations and our thoughts are on the spring market. What will you do to build your brand and attract more clients this year? As a content writer who specializes in real estate, I want to be a resource for you this year and give you
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On Monday, the Wall Street Journal reported that counterintelligence officials in early 2017 warned Jared Kushner that Wendi Deng Murdoch might be using her relationship with Kushner and his wife, Ivanka Trump, to aid the Chinese government. Here's what you need to know.
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Finance Minister Kim Dong-yeon says the government may introduce a higher property tax as a means to clamp down on the speculative property market. Kim made the … He said the party would push for stronger measures to cool down the overheating housing market, including a higher property tax.
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For at least one brief moment, Larson won a small fortune, not by cheating, but by beating one of America's largest corporations at its own game. Mr. Jacobs is founder and CEO of Juniper Research Group, a policy consulting firm based in Washington. He has appeared on episodes of Jeopardy! and
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OSLO, Jan 16 (Reuters) – Norway's DNB, the country's biggest bank, has significant funds available for lending to large corporation in 2018, executive vice president Harald Serck-Hanssen told Reuters on Tuesday. “There's a change here. While we've been cutting back on lending to big firms in the last
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Some deliveries expected to take place last year have shifted into 2018, says Mark Culwell, managing director at Transwestern Development Company, a commercial real estate development firm. “I think deliveries have been extended beyond what most of us expected,” he notes. One reason for these
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We all know that listings are essential to success. Increasing the number of listings you collect each month allows for more possibilities for your business, and it's the most direct way to improve your real estate productivity. The keys to achieving an increase in your listings are improving your branding,
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State-owned Development Bank of the Philippines (DBP) will ramp up its lending activities for social services that cover health care, education, housing and community development this year, a top official said. DBP President and COO Cecilia C. Borromeo said the bank is gearing up to support more
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An amendment to a bill aimed at limiting interest rates on mortgages could see banks also banned from offering customers cash back on their mortgages. If enacted, it is hoped that banks will have to compete on the basis of their interest rates, rather than the selection of incentives they can offer potential
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A minor tweak in the Bank of Japan's bond purchases has emboldened investors to bet the central bank is about to wind back monetary stimulus. Going long on the yen is the biggest currency wager for AMP Capital Investors Ltd.'s Nader Naeimi. Singapore-based hedge fund Kit Trading Fund Ltd.
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Indian sovereign bonds and the rupee tumbled after a central bank official warned banks they can't keep relying on the regulator to manage their interest-rate risks, as the rout in the debt market extended into its sixth month. “The regular use of regulatory help isn't desirable from the point of view of
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In addition to its technology, what sets Redfin apart from other brokerages is that its agents are employees of the company who are paid a salary and … Redfin Open Book: A resource for buyers and sellers that includes reviews of lenders, inspectors, title companies, handypeople and stagers, as well as
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Bitcoin is falling again. On Tuesday morning, it fell as low as $11,750, representing a massive 24-hour drop of almost 15%. The most popular cryptocurrency isn't the only one to be sliding. Ethereum was down 21% to $1,046. Ripple, which has recently been picking up a lot of attention on the back of
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Rio Tinto Group has booked copper output from the giant Grasberg mine joint venture for the first time since 2014 — just as the company weighs plans to exit the operation in Indonesia. London-based Rio expects to receive 5,700 metric tons from the mine for 2017, according to its quarterly production
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Laid low for most of the past decade, U.S. inflation is showing signs that it might begin to stage a comeback in 2018. Among the forces coalescing to propel prices higher: the strongest domestic and international economies since the start of the decade, the lowest unemployment rate in 17 years, oil's
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It's accepted wisdom that the pace of change in business is accelerating. When we asked Fortune 500 CEOs last year whether their companies would change more in the next five years than in the last five years, 96% agreed. “Disrupt yourself, or be disrupted,” has become standard management advice.
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