USBcoin Confirmed As Scam, Removed From Bittrex, Fifth Scam Coin on Bittrex Exchange In Little Over A Month
UPDATE: It has been confirmed that USBcoin will be deleted from the Bittrex exchange. Bittrex also announced the creation of the aforemention Scam Coin bounty, which will be community run. They also plan to implement a community driven vetting process and increase their internal security on false positives. USBcoin gained some popularity for supposedly having an extremely short PoW stage before switching to a pure PoS model, there was also an alleged USB stick functionality that was designed to keep your coins safe. Or at least that was the story. The coin gathered enough popularity to be....
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Bittrex, a notable Bitcoin exchange, removed 36 crypto-currencies from its listings on February 15th. Stating that they have been “flagged and warned on these wallets for at least 30 days,” Bittrex will no longer allow users to withdraw any of these coins if they were left in accounts. Given that most of the coins being delisted on the exchange had broken blockchains, refunds would be impossible. While many of the coins being delisted brought little to no innovation to the table, AnonCoin and Netcoin both had functioning blockchains, some form of innovation, and an active community and....
Following the controversy surrounding Kyle Roche, the attorney and founding partner of the litigation firm Roche Freedman LLP, the two crypto exchange firms Bittrex and Poloniex want the law firm removed from the class-action lawsuit against them. Similar to the attorney representing Tether, the lawyers representing Bittrex and Poloniex argue that “Mr. Roche’s recent statements raise serious concerns.” Poloniex, Bittrex Lawyers Want Roche Freedman LLP Removed From a Lawsuit Against the Exchanges Bittrex and Poloniex want the law firm Roche Freedman LLP removed from a....
Bittrex is a cryptocurrency exchange that allows users to exchange Bitcoin and Litecoin for a wide variety of altcoins. We have received an anonymous tip from a trusted source of a leaked chat conversation allegedly from one of exchange's founding members. Bittrex richie is presumably Richie Lai, who according to Bittrex's website is one of the exchange's founders and works on Amazon's security. Exchanges often control user funds in a giant pot similar to how a bank functions. So the movement of funds in this matter isn't out of the ordinary, but messing up on this scale will leave the....
The world of Bitcoin and digital currencies has often been described by many critics as the “new Wild West”. In fact, this year we have seen a growing number of new scam coins being introduced, many of them designed by the same scammers. The crypto currency community is tired of all this fraud schemes and is starting to demand a lot more proof from coin Devs and the number of launches and scams has been slowing down ever since. Just as legitimate consumers and companies are exploring and adopting new uses for cryptocurrencies, so, too, are hackers and fraudsters. This time Bittrex exchange....
Bittrex is dropping both its Litecoin and Blackcoin pairs and will be moving forward with Bitcoin pairs exclusively for the immediate future. The announcement that Bittrex would be removing the Blackcoin pairs came a few hours ago via Twitter. When we confirmed with Bittrex co-founder Kawach Rami (known simply as Rami), he told us that the exchange would also be dropping Litecoin pairs. When Blackcoin originally became a base trading pair on Bittrex, the idea reportedly was to move from Litecoin to Blackcoin as the only alternative pair. However, a lack of liquidity in the Blackcoin market....