CIEO’s Response Regarding Mt.Gox and Other Exchanges

CIEO’s Response Regarding Mt.Gox and Other Exchanges

CIEO, a Bitcoin solutions and development firm, has utilized open source code from Andreas Schildbach and Multibit as a basis in the creation of CIEOwallet. We have married present technology utilizing yet another open-source code based heavily on Oracles ZFS and freeBSD core OS features with delight from VMWare.

CIEO now has present technology that will virtualize one’s CIEOwallet using VMWare and allow desktops and cell phones to share a single wallet ID with a simple management platform to cold store, transfer and make Bitcoin portable.

CIEO cofounder Noah Case states, "With CIEO’s technology, transaction malleability would have not been an issue for Mt.Gox.” Market leaders in the exchange space such as Coinbase and Bitstamp appear solid and time tested. Noah continues by stating, “utilizing the superior storage practices of CIEOvault, involving proper automated checks and balance systems and the legitimate practice of non-middleman walleting would have corrected their problems." CIEO’s team is focused on developing general handling guidance for the Bitcoin community that will force an evolution in personal security and control of one’s Bitcoin.

CIEO seeks to open communication with Mt.Gox and other exchanges to share our technological advancements in Bitcoin storage and management systems with the intent ensuring a prosperous future for Bitcoin.

Noah Case is a 19-year veteran of Datacenter management powered through candidates with heavy research from M.I.T. and other recognized technology leaders in the Industry. He continues his deep roots in storage, cryptology, deployment, and long-term modular technology along with contributing a proven track record of success in VoIP, PCI/DSS and virtualization.

About CIEO

CIEO is a crypto-currency technology company cofounded by Robert Onesian and Noah Case. CIEO’s goal is making crypto-currency simple to use and safe to store. CIEO is currently the only provider that creates portability between a single wallet (CIEOwallet) and multiple devices for simple management and rock solid reliability.

CIEO
http://www.cieo.com/


Related News

Chinese Bitcoin Exchanges Stop Futures and Margin Trading for Citizens

The three biggest global bitcoin exchanges, BTCC, OKCoin and Huobi, currently under “inspection” by the Chinese authorities, have stopped margin trading. We can further confirm that OKCoin no longer offers futures trading to Chinese citizens. Non-Chinese citizens can continue to use the international version (OKCoin.com) which appears to continue providing 3x margins and up to 20x futures. We have not received any response in time for publishing, therefore cannot confirm why they have taken such move, but it is most likely in response to probable PBOC orders. The Chinese authorities met....

Why EBA Proposals Would Set an Absurd Precedent for Bitcoin Startups

The European Banking Authority (EBA) wrote an opinion on the application of its 4th Anti-Money Laundering Directive (4AMLD) to virtual currency exchanges and wallets last week. A response to recommendations from the European Commission, the EBA's remarks notably mention that VC exchanges and wallets operating in multiple countries in the EU "may […] be required to be registered or licensed in each Member State in which they intend to provide VC-related services". The seemingly small aside in the nine-page response is notable, as such a measure would be akin to the state-by-state....

FinCEN Rules Bitcoin Payment Processors, Exchanges are Money Transmitters

The Financial Crimes Enforcement Network (FinCEN) has released new guidance for custodial bitcoin exchanges and payment processors, ruling that such companies may be considered money services businesses under US law. In a response to twin letters submitted in late 2013, the chief US money laundering and terrorist financing regulator explained that bitcoin exchanges may be money transmitters, even if they only match buyers and sellers on their platform. Further, the letters suggest this is true, even if the exchanges behave more like traditional securities or commodities exchanges, where no....

Bitcoin Price Manipulation On Centralized Exchanges Seems Coordinated

The Centralized Bitcoin exchanges seem to coordinate their prices across continental divides. One goes down - they all go down. The question is why the public tolerates their scam. If they were useful or desirable, they'd consider the very people who sustain the Bitcoin network, namely Bitcoin miners who, below $400, likely operate at a loss. Exchange clients and miners get whatever is happening in the busiest exchange. The exchanges' arbitrage-bots equalize prices between one another. Miners - you're the backbone of this innovation. Cryptomonkeys - you think you're trading - but your....

Japan Orders Crypto Exchanges Not To Process Transactions Involving Russian A...

On Monday, Japanese authorities directed cryptocurrency exchanges to refrain from processing transactions involving digital assets that are liable to asset freeze restrictions on Russia and Belarus over the Ukraine war. The move comes in response to a Friday Group of Seven (G7) statement in which Western nations announced they would enforce penalties on illegal Russian individuals who use […]