Dead Coin Walking: BitConnect Set to Be Delisted from Last Crypto Exchange

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#49864

13 Aug 2018, 02:01

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BitConnect’s BCC token is set to be delisted from the last cryptocurrency exchange that still traded it, meaning it’s about to become a dead coin over a lack of liquidity.






The move came after it was hit with an emergency cease and desist from Texas’ securities regulator.






In January it dropped from a near all-time high of well over $400 to about $7. It then made a dead cat bounce to about $70, before plummeting to its current $0.67.





The volume likely plummeted because of the delisting announcement.








: As more details about BitConnect came to light, CCN reported that the scheme netted over $3 billion for its founders in India before collapsing.

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