Livecoin Exchange to Delist BitConnect

Livecoin exchange will delist BitConnect (BCC) on March 7
19 February 2018   167

Livecoin cryptocurrency exchange has announced on February 7 that it will delist BitConnect (BCC) assets on March 7, suspending BCC withdrawal and trading.

Dear clients, please withdraw BCC before March 7. This asset will be delisted. Withdrawal and trading will not be available after March 7. Please don't deposit BCC.


Livecoin statement

Bitconnect closed on January 16 its lending and exchange platform, providing three main reasons for the halt of lending and exchange platform: the continuous bad press that created a lack of confidence in the platform, two Cease and Desist orders from Texas and North Carolina and DDos attacks on the platform.

In December, Ethereum founder Vitalik Buterin and Litecoin founder Charlie Lee, have spoken up against Bitconnect, calling it a Ponzi scheme.

Charlie Lee bcc

Meanwhile, BitConnect continues to raise funds to finance its ICO BitconnectX, promoted by an army of promoters in Indonesia and Asia.

Japanese Watchdog to Warn Binance

Let's check the impact of these news to the Bitcoin price
22 March 2018   85

The Financial Services Agency of Japan (FSA) warned the Binance exchange for the need to obtain a license to continue working in the country. This is reported by Nikkei.

According to the regulator, the work of Binance in Japan without a license from the Financial Services Agency violates the local law on payment services and thereby jeopardizes the interests of investors. In addition, if the crypto-exchange does not suspend activities in Japan, a criminal case will be brought against it.

Binance is one of the world's largest cryptocurrency exchanges, while Japan also holds a leading position in the development of the bitcoin industry. Thus, it is not surprising that immediately after the spread of this news, the price of the first cryptocurrency went down.

Bitcoin Price Chart
Bitcoin Price Chart

As you can see on the chart above, BTC price fell down from $9030 to $8726 in 1.5h. At the moment of press, these are main bitcoin market parameters:

  • Average price: $8 775,51
  • Market cap: $148 597 132 463
  • 24h volume: $5 822 390 000