Bitconnect (also spelled BitConnect and stylized bitconnect, ticker BCC) was an open-source cryptocurrency that was connected with the high-yield investment program (a type of Ponzi scheme) bitconnect.co. After the platform administrators closed the earning platform on January 16, 2018, and refunded the users' investments in BCC, confidence was lost and the value of the coin plummeted to below $1 from a previous high of nearly $500.
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