Paybase stops Withdrawals: Josh Garza Disappears
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....
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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....
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....
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....
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....
The Bitcoin domain BTC.com was purchased by Josh Garza of GAWMiners for a whopping 1.1 million US dollars. As larger players and investors come into the Bitcoin and cryptocurrency world, more money is being invested in properties and businesses. BTC.com was available on the market for a couple of weeks, even CCN was contacted for the possibility of buying the domain. And now it turns out that Josh Garza was the lucky one to acquire it. Josh Garza woke me up at 2:30 am today with this message: Josh Garza. To: Scott Fargo. Date: August 4, 2014, 2:32 AM. So you wanted some news? I just bought....