As the price of bitcoin continues to tumble, the finger of blame is being pointed everywhere from South Korea, to shills accused of promoting cryptocurrency “Ponzi schemes” for personal gain. One particular scapegoat for investors seeking answers to the market crash is the YouTube personality CryptoNick.
Along with several other popular Youtube accounts, CryptoNick promoted—and was sponsored by—the cryptocurrency lending and exchange platform Bitconnect. The collapse of the platform on Tuesday, January 16, has been seen as a key factor in causing the price of bitcoin and other major cryptocurrencies—including ethereum and litecoin—to crash. More….