PayBase Announces Guaranteed $20 Paycoin Repurchase Agreement
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....
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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....
Bitcoin, litecoin, altcoin, dogecoin, darkcoin... And now here comes PayCoin, announcing its new cryptocurrency for worldly use in the digital arena... ... And alongside the new currency comes Paybase, the platform that serves as the batteries to PayCoin's remote-controlled car. Paybase allows customers to transfer their PayCoin into bitcoin for the purchase of goods and services. Supported by major investment backing, PayCoin claims to be user-friendly and simple enough for those brand new to the digital currency universe. With topics such as mining and staking made easy for PayCoin....
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....
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....