Altcoins This Week: McAfee Awarded “Lamest Vendor Response” Award, BitConnect Laid To Rest And More

Altcoins This Week: McAfee Awarded “Lamest Vendor Response” Award, BitConnect Laid To Rest And More
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BitConnect Finally Laid To Rest

The sorry story of BitConnect has reached its final chapter, with the announcement this week that the last exchange to still trade the BCC token has decided to delist it. BCC was one of the best performing tokens of 2017, with promises of hefty returns sending its value over $400 at one point.

McAfee Awarded “Lamest Vendor Response” Award

Speaking of hype, one man well used to the spotlight was back in the news this week. John McAfee, internet security guru and cryptocurrency evangelist, has been furiously promoting his BitFi hardware wallet, offering $250,000 to anyone who could hack the device. There is nothing hackers love more than a challenge, and within days reports surfaced of successful hacks.

Tether Releases $50 Million of New Coins

Stablecoin Tether has released $50 million worth of new coins, as competition in the stablecoin market heats up. Earlier this summer, Microsoft announced a partnership with new US dollar-pegged stablecoin Stronghold. Another coin, TrueUSD, recently entered the top 100 coins based on market cap having launched in only March of this year.

Coinbase Resignation Leads to New Facebook Rumors

There were more signs this week that Facebook will soon make a move into the blockchain and crypto space, with the announcement that David Marcus has resigned his position on the board of Coinbase.

Markets – Altcoins Still Suffering Post ETF Fallout

Ether has been hit particularly hard, trading this week at rates similar to twelve months ago. It opened Thursday at $356 but hit a 2018 low of $308 on Saturday before clawing back to $320 on Sunday. XRP opened Thursday at $0.333 but was trading for under $0.30 at the weekend, closing on Sunday at $0.297. Bitcoin Cash crashed through the $600 mark, opening on Thursday at $590 before a low of $548 on Saturday. It closed on Sunday at $570. EOS was trading for below $5 for the first time since March. It opened at $5.61 but was at $4.91 by Saturday and just barely over $5 at closing time on Sunday. Stellar was comparatively steady after a bruising fortnight. It opened on Thursday at $0.20 and almost made it as high as $0.23 at the weekend before closing at $0.233.

Altcoins This Week: McAfee Awarded “Lamest Vendor Response” Award, BitConnect Laid To Rest And More

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Kane Dane