Josh Garza to Address Growing PayCoin and PayBase Scam Concerns at TNABC in Miami
Josh Garza's speech at The North American Bitcoin Conference (TNABC) in Miami coming up on January 16th has turned into a critical Q & A session as a result of community pressure. There is a growing group of people who want to have Josh Garza removed as a speaker and PayBase removed as a sponsor. They have asked for this due to their concerns that PayBase and GAWMiners is a scam or worse. The community's concern has caused large amounts of discussions on BitcoinTalk, reddit, and HashTalk. Note: In following up with GAW, CCN was linked to information posted by GAW prior to the release of....
Related News
The much-anticipated launch of PayBase is happening on 12/30/14. This launch follows the launch of PayCoin by GAWMiners. PayCoin launched with a roar drawing in excess of 40 to 50+ peta hash of SHA-256 mining power, the same type used in Bitcoin. Now moved into the POS (Proof of Stake) phase of maintaining the network the next step in its platform PayBase is going live. PayBase is a platform for trading PayCoin, exchange symbol XPY, as well as a portal for much more. CCN was able to speak with Josh Garza on the PayBase and PayCoin launches to go over what to expect. Also read: Josh Garza....
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....
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....
Bitcoin exchange Paybase Monday has shutdown withdrawals from its users, causing a fury on Twitter and throughout their user base, as another exchange closure is feared. Paybase founder Josh Garza has been unavailable for comments, with many users claiming he blocks their account if pressed on this issue on Twitter. Garza has a controlling interest in the Bitcoin mining firm GAW Miners, along with many altcoin ventures. Paybase started to experience trading issues in January when the Securities Exchange Commission (SEC) began an investigation. This led to accusations that Paybase and GAW....
The issues at Paybase, Paycoin and GAW Miners that have festered over the past month have now finally come to a head. Paybase will be ceasing operations on April 30th, 2015, in accordance with a SEC and DOJ investigation into the actions and business practices of one Josh Garza. Paybase red flags surfaced weeks ago. As we reported here at CCN on March 23rd, Twitter and Reddit were ablaze with angry Paybase users unable to make withdrawals for several days. Paybase started to experience trading issues in January when the Securities Exchange Commission (SEC) began an investigation (see the....