Bitmit is still the eBay of bitcoin despite setbacks
You might have heard of Bitmit before. One of the bitcoin community's favorite legal trading posts has been online for over two years, and despite its share of uncertainty it still appears to be going strong. Imagine an eBay that took payments exclusively in bitcoin, or a clean version of the Silk Road, and you can picture Bitmit. The Hong Kong-based marketplace even has a colorful eBay-esque logo to help newcomers feel at home. Sellers may list their items in BTC or their preferred local currency, which is then converted to BTC at checkout. The system also lists price equivalents in a....
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Another day, another bitcoin-related story of a hacking intrusion and BTC theft. According to people that have provided documentation to CoinDesk, as well as information posted on the Bitcointalk forum, the auction site Bitmit had 15 BTC stolen, after the server was accessed by an employee of their hosting company without authorization. This theft, along with the effort and responsibility of securing an auction site that has escrow functionality, were the two largest factors in Bitmit announcing that it is being sold. And although 15 BTC does not sound like a large number, at current....
Cointrepreneurs around the world were sad to see Bitmit.net close their doors just a few days ago. The race to build infrastructure to allow Bitcoin to be converted directly to goods and services is very very competitive. Bitmit did a good job of emulating eBay's model of auctions and some buyer and seller protection; however, Bitmit.net never did take off in the way that Bitcoiners had hoped. Furthermore, for many altcoin enthusiasts, the fact that Bitmit never got around to accepting Litecoin was also troubling. Have no fear! Coinmart.co is here. Coinmart is a cryptocurrency marketplace....
Bitcoin marketplace Bitmit is apparently closing their doors on the 20th of December - Friday - according to a notification banner on the website's homepage. "Bitmit is shutting down on 2013 December 20th. We will leave the site some more days online because some users still need access! Please complete your orders and withdraw your funds asap!" The news is rather strange, particularly because there are few details surrounding the shut down. Upon clicking the "Read more" button, very little other information is provided. A request from newsBTC for more information on the sudden closing was....
Ebay, which has 187 million buyers on its platform, is now allowing the sale of non-fungible tokens (NFTs), the company has announced. Ebay says: “This is only the beginning. This initial rollout will help us learn more about what’s important to our community.” Ebay Updates Policies to Allow Sale of NFTs Ebay Inc. announced Tuesday that sellers can now sell non-fungible tokens (NFTs) on its platform, which currently has about 187 million buyers. “Recently, we’ve seen a massive wave of attention, media coverage, and online conversation around high-end....
In September 2014, eBay announced plans to separate eBay and PayPal. In a recent SEC filing, eBay confirmed that a newly formed corporation named PayPal Holdings, Inc. ("PayPal") will take over the businesses that make up eBay's payments segment. eBay, the existing publicly traded corporation, will continue to operate its marketplaces business. The separation, which will provide current eBay stockholders with equity ownership in both eBay and PayPal, will be effected by means of a pro rata distribution of 100 percent of the outstanding shares of PayPal common stock to holders of eBay....