Coinbase Issues Joint Statement on Mt. Gox
Edited: Coinbase has retracted the world "insolvency" from their original post. The statement, published also at Blockchain.info, still contains the word in the title. Edited: Blockchain.info has edited their title to remove the word "insolvency". An interesting blog post just crossed our news desk. It comes from Coinbase, who have just issued a joint statement relating to Tokyo-based Mt. Gox. The news comes just hours following a blogger's post that the exchange lost thousands of bitcoins. The post was followed up with a "Situation crisis strategy", which is not confirmed to be real. At....
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Author note: This is the republishing of the joint statement first distributed by Coinbase on the evening of 24 February. In this statement, Mt. Gox has essentially been exiled by other major players. Things aren't looking particularly good at the moment. For immediate distribution: February 24th, 2014 - 10:00 PM ET. The purpose of this document is to summarize a joint statement to the Bitcoin community regarding the insolvency of Mt. Gox. This tragic violation of the trust of users of Mt. Gox was the result of one company's abhorrent actions and does not reflect the resilience or value of....
It is perhaps an understatement to say that many of Coinbase's users have been having technical issues of all sorts over the course of the last few months. From having orders canceled to not properly receiving Bitcoin purchases. There's been a slew of issues, and technical support seemingly nobody could rely on. I have seen a number of different terms for Coinbase's operation on the web, many of which suggest the San Francisco-based company is a scam for failing to reply to user inquires rapidly. The truth is, however, Coinbase is getting swamped with questions and reports of issues daily.....
Having issues logging in to Coinbase? Other issues as well? You needn't worry, you're not the only one. A number of users are reporting mildly-frustrating instances of failed logins and errors when trying to access the website. But before things get out of hand, something needs to be made clear. First, it doesn't seem the website is under attack. Second, Craig from Coinbase made a public comment on this Reddit thread that the company "pushed a bad change" through to the site. The good news is that the folks at San Francisco-based Coinbase are working on the problem right now. No panic....
Reddit is currently aflame with the news that everyone's favorite Bitcoin Exchange: Mt. Gox, has disabled trading. Couple that atrocious situation with a blank twitter feed and it is no wonder that peoples' imaginations will run wild. One of the only things we know for certain is thatMark Karpeles has resigned from the Bitcoin Foundation amid large public uproar. The other thing we know is that trading is disabled and market volatility until this thing gets sorted out is also a given. UPDATES: Coinbase posted a blogpost detailing a Joint Statement Regarding Mt. Gox with Circle, Kraken,....
The Spanish financial markets watchdog and the country’s central bank criticized — again — cryptocurrencies as an investment asset. The entities issued a joint statement warning about the high risks the cryptocurrency market poses. Document: Crypto Adoption as a Payment Means ‘Is Still Limited’ Per the paper, the Bank of Spain and the National Securities Market Commission (CNMV) reaffirmed their stance against considering bitcoin (BTC) as a means of payment. After dismissing cryptos as secure investment assets, they also pointed out the lack of regulation in....