Crypto YouTuber Draws Parallels Between SafeMoon and Bitconnect
Popular crypto YouTuber Lark Davies tweeted a warning over the new Binance Smart Chain project SafeMoon. He likened its rising popularity to the now-defunct Bitconnect scam, saying the euphoria of gains is blinding users to “the obvious.” Bitconnect arrived on the scene in 2016, promising high returns for holding, trading, lending, and mining its BCC […]
Related News
The $2 billion crypto fraud scheme Bitconnect and its founder have been charged in the U.S. In a parallel enforcement action, a Bitconnect director and top promoter has pleaded guilty to criminal charges in the U.S. “The Bitconnect scheme is believed to be the largest cryptocurrency fraud ever charged criminally,” said the U.S. Department of Justice (DOJ).
US Authorities Take Action Against Bitconnect and Its Founder
U.S. authorities continue to take action against the fraudulent crypto trading scheme Bitconnect and its executives this week. “The Bitconnect....
BitConnect is the platform for all your Crypto related news and activities. The website brings the answers to your Bitcoin and crypto related queries, all at one place. BitConnect is an open-source, all-in-one bitcoin and crypto community platform. It is designed to provide multiple investment opportunities with cryptocurrency education where it is entirely possible to find the independence we all desire, in a community of like-minded, freedom loving individuals who are seeking the possibility of income stability in a very unstable finance world. The platform has its own currency named....
The recent meteoric rise of Safemoon turned many heads in the DeFi space over the last weeks. Safemoon climbed over 10,000x from its lowest to highest price in just 40 days according to CoinMarketCap, reaching over $7B Fully-Diluted (FD) Market Capitalization (MC) at its peak, before correcting down to $2B. This immediately prompted many clones […]
Celebrities Jake Paul, Soulja Boy, and Nick Carter, among others, are being sued for being involved in the SafeMoon crypto scheme. Claims say that the hired stars made “false or misleading statements” to encourage fans to invest in the digital coin. SafeMoon LLC, the company behind the $SAFEMOON Token, is facing a lawsuit along with […]
Traders say the Safemoon rally is not sustainable as the token sees massive volatility. SafeMoon, the token on Binance Smart Chain widely recognized as the Tiktok meme coin, is seeing massive volatility after its massive gains in the past week.According to the data from Dex.Guru, which tracks alternative cryptocurrencies on various blockchains, the price of SafeMoon dropped by nearly 50% in the last two days from $0.0000074 to $0.0000045.Does the SafeMoon rally have any strength?SafeMoon is a cryptocurrency on Binance Smart Chain that started out at a low market cap at around $50,000. The....