PayCoin Delisted from ShapeShift.io amid Fraud Concerns
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....
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Things haven't been going particularly well for PayCoin, lately. Following a recent drop in price due to what some are calling the work of "online trolls," altcoin exchange Shapeshift.io has removed the currency from its platform due to what the exchange is calling a "broken promise," where customers could purchase PayCoins at $20 each. ShapeShift made the announcement via a Reddit post, saying: "We've looked further into Paycoin, and while there are some criticisms that are superfluous (a coin being 'premined' does not necessarily make it a scam, for example), there is one particular....
XMR, DASH and ZEC "were delisted at the same time for the same reason – to further derisk the company from a regulatory standpoint."
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....
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....
In response to the recent controversy and Litecoin asking to be delisted from Coin-Swap, GAW Miners CEO Josh Garza has challenged Litecoin Association director Andrew Vegetabile to an open, public debate. In short, after GAW Miners acquired Coin-Swap cryptocurrency exchange, Andrew quickly asked for Litecoin to be delisted due to his personal ethical concerns. After hearing about the request, Garza took an emotional stance in response. In an interview with CCN writer Scott Fargo, he explained that he felt Andrew's request looked bad on all cryptocurrencies as a whole: "The worst part is....