Australian Bitcoin Industry Weighs up Code of Conduct as Igot Exchange Nears Collapse
The Australian Digital Currency and Commerce Association (ADCCA) is recommending a code of conduct for bitcoin companies on account of the inability of the Igot bitcoin exchange to deliver bitcoins people paid for or refund their money, according to ABC. Igot clients said the exchange owes them hundreds of thousands of dollars. The exchange has been unable to deliver on purchases or provide refunds for months. The exchange was launched in 2013, according to its website. Nicholas Giurietto, ADCCA chief executive, said Igot customers have been devastated. The association expects to have a....
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Not every Bitcoin exchange in the world is as successful these days, and the Australian Igot platform appears to be getting closer to collapse than ever. With investors being owed several thousands of dollars, things are looking more worrying than ever before. Mainstream media outlet ABC has taken an interest in the story of Igot and how owner Rick Day....
Australia's top securities regulator has suggested that it cannot at present intervene in a long-simmering dispute involving bitcoin exchange service Igot and unhappy customers. In comments to The Sydney Morning Herald, a representative for the Australian Securities and Investments Commission (ASIC) said that an investigation into Igot would only take place if the company had failed – a charge alleged by customers who say their funds remain locked up and that has denied by the company. The representative told the news source: "As with any company, if it were to go into administration....
igot launches Bitcoin merchant solution. The Australian Bitcoin exchange igot has announced the launch of the igot Merchant Solution, a service that allows both e-commerce providers and brick-and-mortar stores to accept bitcoins for goods and services. The igot Merchant Solution comes with a fixed transaction fee of half a percent. igot has continued to grow globally. The company that is present in close to 40 countries would seem to be emerging as a key player in the bitcoin merchant solutions area. Through the latest product offering, igot also signals intent to the major players BitPay,....
The Australia-based Bitcoin exchange Igot has been struggling to completely deliver on operations with Bitcoins or refund customers their money. Shady background of Igot Bitcoin exchange. The company was founded in 2013 and offered exchange services in 40 different countries, including the ability to buy and sell Bitcoins, remittance services, futures tradings and merchant services. However, it is unclear whether the company actually signed up merchants and provided listed services beside basic buy/sell exchange services, as was advertised by the company. “Igot is not being honest and....
Australian exchange Igot is aiming to rival bitcoin payment giants Coinbase and BitPay with the launch of its own international merchant solution. Igot's platform will enable e-commerce and brick-and-mortar merchants to integrate bitcoin payments in almost 40 countries and transact in 10 different fiat currencies. Rick Day, Igot's founder, said: "Accepting bitcoin through Igot has multiple advantages for merchants. Perhaps most importantly, bitcoin is a free marketing tool that is likely to increase overall revenue. This is a win-win situation for merchants and the bitcoin community." Igot....