Intersango Shuts Down USD Trade

Another bitcoin exchange may have joined the ranks of ripoffs and scams tainting the bitcoin community. Crypto-Trade recently announced its closure on January 26, with a small window for users to retrieve their funds. In an announcement, Crypto-Trade issued their warning without any prior notice that they were having problems. Important Announcement! Due to very low volume and lack of good userbase, Crypto-Trade has decided to shutdown permanently due to inability to cover its expenditures on rented servers, staff salary and site promotion. All the users are requested to withdraw their....

Room 77, the German bar and restaurant that claims to be the first retail outfit in the world to accept bitcoin payments, has shut down. Cypherpunk Holdings chief economist Jon Matonis broke the news on Twitter. Bar owner Jorg Platzer later confirmed it on Reddit. “Room 77 is closing for good,” Platzer revealed in a rather futuristic, celebratory post on Oct. 18. “We think our mission is accomplished and it is time to go back to our home planet. Thanks for all the fish and the generous tips!” No official reason was given for the closure of the Berlin-based joint.....

A UK-based bitcoin exchange has beat competitors to the post as it opens for business today. London-based Coinfloor begins registering customers at 9am this morning. The site, launched by Mark Lamb and Amadeo Pellicce, hopes to get in on the market early by offering GBP/BTC trading services before regulators have passed judgement on the cryptocurrency. It beats BitPrice to market. The latter has been lobbying regulators in the UK about bitcoin's status, but hasn't opened its doors yet. Coinfloor, which is backed for an undisclosed sum by VC firm Passion Capital, is the first firm to trade....

Since Iran began recognizing cryptocurrency mining as an industry, it has reportedly shut down 1,620 unauthorized crypto mining farms. Crypto miners initially welcomed the recognition but later said that the electricity tariffs were too high. 1,620 Crypto Mining Farms Shut Down in Iran Iranian authorities have reportedly closed down 1,620 illegal cryptocurrency mining farms since the country started recognizing cryptocurrency mining as a legal industry in July 2019. The Financial Tribune reported Monday that these mining farms were using 250 megawatts of electricity. Many of the....

New York Attorney General Letitia James has secured a court order to shut down cryptocurrency exchange Coinseed. The order also “permanently appoints the court receiver to obtain, safeguard, and return all assets invested and traded through” the exchange. New York Attorney General Letitia James Shuts Down Crypto Exchange The office of New York Attorney General Letitia James announced Monday that the attorney general has shut down cryptocurrency trading platform Coinseed. James has secured a judgment against Coinseed and its founder and CEO, Delgerdalai Davaasambuu,....