Digital Currency Exchange Cryptsy Suspends Trading
Cryptsy, the digital currency exchange that has been dogged by rumors of insolvency amid persistent issues related to user withdrawals, has said that it has suspended its trade engine. "Trade engine and withdrawals paused while we investigate cause of lag. Your patience is appreciated. Thank you," a message on the main Cryptsy page read at press time. The exchange, which specializes in the trading of alternative cryptocurrencies (altcoins), has long been the subject of controversy. The exchange reported roughly 235 BTC in volume over the past 24 hours, but has long faced criticism over....
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The popular cryptocurrency trading site Cryptsy.com has been having some noticeable issues these past few hours. Users of Cryptsy have been reporting negative balances, frozen transfers, suspended withdrawals. Speculation is that a recent update is causing the issues. Cryptsy is aware of the issues, but no official statement has been released yet. Who's been hit? I spoke to BlackDogeOfWallSt, one of the developers of BlackCoinPool.com (BCP), which has probably been the hardest-hit community from Cryptsy's problems. BCP has had to delay their payments due to the problems. BCP's payouts have....
The controversy surrounding the digital currency exchange Cryptsy has shown little sign of abating amid problems with customer withdrawals, allegations of fraud and mismanagement, user frustration and a lack of clarity from the exchange. Founded in 2013, Cryptsy is a digital currency exchange that lists bitcoin and a variety of alternative cryptocurrencies, or altcoins, and for months, customers of the exchange have voiced concerns about delayed withdrawal requests. Some customers claim that their funds have been unavailable for weeks or more at a time. Many of these complaints have....
Cryptsy.com is a popular online exchange for digital currencies. However, the trading process and system can often be difficult to understand; this tutorial will guide you through depositing a cryptocurrency and completing a trade. As an example for this tutorial, we traded Dogecoin for Bitcoin, however you can trade any cryptocurrency that Cryptsy supports. 1. Go to Cryptsy.com. Click 'Register New Account' in the top right. Fill out all of the requested information and confirm your email as you're told. Go back to Cryptsy.com and click 'Login' at the top right of the website, right next....
A Florida court has frozen the assets of the digital currency exchange Cryptsy and placed it under receivership, months after it collapsed amid claims that it had been the target of a hack. The court-appointed monitor, James Sallah, was selected after a request by the plaintiffs in a class action law suit filed against the exchange in January. That lawsuit stemmed from problems with customer fund withdrawals that had worsened for months before withdrawals and trading activities were suspended entirely. Prior to its shutdown, Cryptsy said that it had outstanding customer liabilities of....
Florida-based exchange Cryptsy trades in over 130 cryptocurrencies, and cryptocurrencies alone. There are no government-denominated currency trading pairs on the exchange. At least, not yet. Cryptsy regularly exceeds 2,300 BTC in volume on a 24-hour basis. That makes it the largest crypto-to-crypto exchange, at which people routinely trade altcoins for bitcoin, and vice versa. So, where did the idea of a cryptocurrency-only altcoin exchange come from? How does Cryptsy decide to add new coins? And will the company take compliance seriously when it adds fiat into its enormous mix of digital....