Crypto Wars | Zuckerpunch | 6
Business Wars
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The Rise and Fall of BitConnect
This chapter chronicles the boom and bust of BitConnect, highlighting the excitement of investors at a conference in Thailand before the realization of the scheme's fraudulent nature. It further explores the broader implications of BitConnect's collapse for the cryptocurrency market, including responses from major players like Coinbase and the unveiling of new initiatives like Libra and USD Coin amidst increasing regulatory scrutiny.
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