PayCoin Price Plunges to Ring in the New Year
PayCoin-the much-hyped altcoin developed by GAW's Josh Garza-launched on December 12 to much fanfare and a highly-questioned top-tier market cap ranking. However, the PayCoin price has plunged since December 29, perhaps in part due to the recent PayBase security issues, as well as confusion about the full functionality PayBase's Amazon integration. Also read: Josh Garza Speaks On PayBase Launch With Amazon Shopping Using PayCoin. PayCoin Price Plunges. Scores of altcoins launch each month, and most receive little attention. However, PayCoin is one of those rare altcoins with enough funding....
Related News
It has been a tough couple weeks for GAW with a $350,000 lawsuit and now an announcement that it and its cryptocoin, Paycoin, has changed from its original iteration. According to a new whitepaper that is being circulated, Paycoin has entered a new stage where it leaves the hands of GAW and is now being held by a consortium of organizations. "The fate of Paycoin is now in the hands of every person and organization that hold coins. With this newfound freedom, we want to exercise our rights to make Paycoin the people's money and do what is necessary to help the coin thrive," the Paycoin....
Recent news has seen a lot of turbulence surrounding the launch of Paycoin and its progenitor, GAW Miners CEO Josh Garza. A polarizing argument has arisen over the value of Paycoin, the Peercoin fork which many feel has too many promised deliverables to be real. At issue, is the perceived value of Paycoin. In a Google Hangout a few months back, Garza promised that PayBase would make it difficult for the price of Paycoin to dip below $20. Since Bitcoin traded under a dollar until February 2011, to many this seemed ambitious in the best light, but the nature of value is in the belief....
With the end of another week, it's time for the Bitcoin News in Review, where we feature some of the top stories of the week here on CryptoCoins News. This week, GAW Miners and PayCoin fell under heavy criticism, the Winklevoss twins' bitcoin ETF submitted another filing draft to the SEC for the issuance of 1 million 'COIN' shares on Nasdaq, the bitcoin price fell below $300 USD, and more. Keep scrolling for this week's biggest news. GAW Miners and PayCoin. This week, the community accused Josh Garza of GAW Miners for running a scam with PayCoin. For those who don't know, PayCoin is an....
If you think that diamonds are way too traditional to have on a wedding ring, consider this bitcoin wedding ring instead. The BTC Ring combines 3D printing and bitcoin technology in creating personalized jewelry that can come with a QR code for your bitcoin wallet address. According to its website, The BTC Ring is the only bitcoin ring that marries real value and design, with a catchphrase "You don't store value in a rock. Store it in a block." Bitcoin Ring Inscriptions. The company says that the real value of a wedding ring or gift lies in knowing how much exactly it is worth. It makes....
Instant altcoin exchange ShapeShift.io chose to remove PayCoin from their platform. Today, altcoin exchangeShapeShift.io formally removed PayCoin (XPY), GAW CEO Josh Garza's controversial altcoin, from their list of accepted coins. Citing PayCoin's (alleged) broken promise to buy PayCoins at $20 each, ShapeShift considers PayCoin a fraud. Also read: Coin-Swap Retires Some Altcoins. PayCoin Delisted from ShapeShift.io. ShapeShift made the announcement in a Reddit post. They explain that they originally added the coin due to customer demand but decided to remove it after allegations that....