Newly Launched Decentralized Marketplace BitBay Turns into a Huge Scandal
BitBay, a new decentralized marketplace, turned into a huge scandal almost a month after its launch. BlackHalo Creator David Zimbeck, who was "forcefully" entitled as BitBay's lead developer, wrote a long post on Reddit explaining how he was tricked and intimidated by men using the alias of Bob and Gekko, two of the leading members of the BitBay project. According to Zimbeck's version of events, BitBay development project was supposed to be distributed among five people, which included himself, a man named Steven Dai, BTER developer Lin, Bob and his Gekko. The team further agreed to split....
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BitBay is trying to develop a new decentralized marketplace that is said to be introducing a revolution in e-commerce. BitBay is completely decentralized and has no single point of vulnerability or failure. The platform puts the world at the user’s disposal. Members can buy and sell anything, anywhere; so members can use BitBay in the States, or use BitBay in Tokyo or in any other country in the world. The BitBay team is proud to introduce Smart Contracts and make them easy for anyone to use with different purposes. Users will be able to sell a car, rent a vacation house, and get paid for....
Bitbay has become a fully licensed cryptocurrency exchange in Estonia which introduced stricter rules for the industry last year. The European trading platform has recently passed an independent audit that confirmed its “solvency, security and fiscal responsibility.” Audit Examines AML and KYC Procedures at Bitbay Bitbay, a leading crypto trading platform in Europe, is now a fully licensed and regulated exchange under Estonia’s stringent regulations imposed last fall. The company has been audited by an independent third party which thoroughly examined its accounting....
Having launched just back on March 29 of this year, Bitbay is not a well-known Bitcoin and Litecoin exchange but it is already considered the most developing and promising exchange in its region, gradually attracting more and more traders from all over the world. Bitbay operates as a registered, limited-liability company headquartered in Katowice, Poland with a dedicated customer service office. Security-oriented, Bitbay offers best solutions to safety issues, with cold wallet asset storage and two-factor authentication (provided by Rublon) among them. The company is self-funded and one of....
There have been many attempts to create a working decentralized marketplace using cryptocurrency for transactions. Projects like Bitbay, Syscoin, the NXT marketplace, and Openbazaar have gained attention over the past few years building this vision. However, another concept announced back in the spring of 2015 called Drop Zone remains in the background.....
Press Release: Newly-launched decentralized gaming platform, VulcanVerse, offers $20m giveaway as volume on its in-game marketplace triples. 11th May 2021, Cardiff, United Kingdom – Decentralized gaming platform, VulcanVerse is launching into the online gaming world, with record growth in users following a successful token sale. The gaming platform is positioning itself as a pioneer in […]