Category Archives: Experiences

Cryptopia now has Embers (MBRS)

Cryptopia adds Embers MBRS

Cryptopia is a well known bitcoin and crypto currency exchange, they’re best known for adding every altcoin under the sun, most recently was Embers (MBRS), which came originally from Ether Delta (most terrible, non user friendly, crypto exchange the planet maybe?)

So Cryptopia adding MBRS was a great thing for anyone interested in anything coming from EtherDelta exchange.

Here you can see Ember at CMC, on the rise!

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No Gemini follow up about Bitcoin Cash

gemini-bitcoin-cash-nothing

Some of us bitcoin holders held bitcoin in Gemini exchange during the Aug 1 fork, we knew Gemini was not supporting Bitcoin Cash, but after the fork and BCH/BCC become quite a valueable coin 99% of non supportive exchanges have since announced they will distribute Bitcoin Cash for their users, some have immediately (Poloniex, Cex, etc), some announced they’ll be distributing later, like Coinbase announced they’ll be distributing in January 2018.

Surely every non-supporting exchange had pressure from users, hoping and requesting they get BCH, Gemini ended up posting this on Aug 3 addressing the BCH forking issue on their blog:

Since the “hard fork” on August 1st, 2017, we have been monitoring the situation closely. Currently, Gemini does not support trading or withdrawals of the newly forked chain (BCC / BCH / BCash). As we first wrote on March 20th, 2017, and later updated on July 26, 2017, we will make every effort to support withdrawals for the chain with less total difficulty (in this case BCC). As a result, we are currently working on a technical implementation for a one-time withdrawal of BCC for our customers. With that said, any modifications we make to our digital asset storage system (including support for a one-time withdrawal), are made with extreme caution and require extensive security review to ensure the integrity of our customers’ assets. We appreciate your patience and understanding as we take the next few weeks to build this functionality in a safe, secure, and responsible manner. We will post material updates when we have them. If you have any questions, please contact Gemini customer support at support@gemini.com.

So it seems like good news, but after emailing them at their above support email, asking for an update on this situation, they responded with this generic response:

Thank you for reaching out. Currently, Gemini does not support trading or withdrawals of the newly forked chain (BCC / BCH / BCash). We have been monitoring the “hard fork” situation closely and are currently working on a technical implementation for a one-time withdrawal of BCC for our customers.

Any modifications we make to our digital asset storage system (including support for a one-time withdrawal), are made with extreme caution and require extensive security review to ensure the integrity of our customers’ assets. We appreciate your patience and understanding as we take the next few weeks to build this functionality in a safe, secure, and responsible manner.

Material updates will be posted on our blog here: https://gemini.com/blog/update-bitcoin-hard-fork-bitcoin-cash/. Please let us know if you have additional questions.

It’s actually copy and pasted from their blog. 🙁

Gemini! It’s August 21! Can you please update us, many of us have been loyal customers and would appreciate an update on this situation.

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Bitcoin Cash (BCC) surprised us all

Bitcoin Cash August 1st, 2017 UASF split Bitcoin into 2, BTC and Bitcoin Cash (BCC/BCH) * causing massive stress, panic, excitement amongst bitcoin holders.

Bitfinex automatically credited about 85% of BCH tokens to users while we were expecting 1:1, the reason why was posted on Bitfinex BCH distribution update here.

The price was almost instantly around $450 usd when I tuned in and sold from $450-680 and it maxed out at $693 yesterday August 2. The price soaring was a shock since most bitcoin enthusiasts believed Bitcoin Cash to be a shitty altcoin that would die ASAP. Reddit had hired posters helping to push the hype. My theory is that Chinese investors $$$ was the probable cause of the huge gains, possibly funded or partially funded by Jihan Wu *, who was a strong supporter of BCC/BCH.

With HitBTC opening BCC/BCH wallets first, and the price going so low as $200 (0.08 BTC) I think this is solid proof that opening wallets on other exchanges will drive the price down of Bitcoin Cash.

List of Exchanges & wallets that supported the token split: Bitfinex, Bithumb, BitstarEx, Bittrex, BTCbox, BTCpop, CoinFloor, Huobi, Korbit, Kraken, MercadoBitcoin, Okex & Okcoin, Toubi, ViaBTC.

You can check the current market rates per supporting exchange at CoinMarketCap Bitcoin Cash page here.

List of Exchanges & wallets that did not distribute tokens: Bitstamp, Bleutrade, Coinbase, Cryptopia, GDAX, Gemini, Poloniex.

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Bank questioning customers about Bitcoin purchase and selling

A user of TalkBitcoins.com wrote in today with this question, and I personally have dealt with the same issue with my small hometown bank:

Bank questioning my Bitcoin purchases?

Hi, my USA hometown bank called me today and was questioning me about my Coinbase/BTC purchases. It was their security and fraud department. They were asking all kinds of questions about why do I buy them, what are they used for, and also mentioned how BTC are very involved with terrorism and money laundering.

My question to you guys is, what is the typical reply you think Coinbase customers should use? I really felt pretty violated that my bank, or any bank for that matter would be asking these things from me.

So does anyone know when and what guidelines are being put into place to help out banks and customers fix problems like this?






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Vircurex hacked! Members need to take action ASAP

Urgent! Vircurex was hacked! Change your password ASAP!

Dear users of the btc-e.com exchange

Due to hack of Vircurex you should change the password on your account if you had an account at Vircurex exchange.
It is strongly recommended to make a change of your current e-mail to the e-mail at gmail.com with two-factor authentication turned on.

You can change your current password at Edit Profile – https://btc-e.com/profile#edit/pass

Sincerely support btc-e.com

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Great news at Coinbase!

Coinbase now has BTC for sale again

Coinbase now has BTC for sale again

I heard Coinbase received $5,000,000 in venture capital funds recently so I thought I’d try buying again from Coinbase. Just as a test, and the transaction went through as a SUCCESS! So this is great news guys, you can now buy Bitcoins at Coinbase again!!! 🙂

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Coingig blacklisted for massive spamming

Talk Bitcoins blacklisting CoinGig.com

Talk Bitcoins blacklisting CoinGig.com

Coingig.com is sending out massive emails and blog spam comments using the blackhat SEO tool Xrumer. Very spammy and “cheating” way to attempt to grow their website. My f*ck you salute to Coin Gig.

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Coinabul has many scammer accusations

Coinabul deemed as a scammer site from many users

Coinabul labeled as a scammer site from many users

Warning: Coinabul trying to defraud customers!
https://bitcointalk.org/index.php?topic=181662.0

SCAMMER Coinabul owes me 3.3 BTC!
https://bitcointalk.org/index.php?topic=179931.0

SCAM – Coinabul owe me 81btc
https://bitcointalk.org/index.php?topic=149253.0

SCAM – Coinabul owe me 90btc
https://bitcointalk.org/index.php?topic=152382.0

Don’t buy anything from coinabul. Yet another complaint.
https://bitcointalk.org/index.php?topic=152575.0

I have emailed them asking their side of the story for these incidents, this is their reply:

We process an ungodly sum of bitcoins, and a massive number of transactions. Literally millions of dollars worth of products have been sent by us in the last few months alone, in thousands of unique transactions. Out of all of those, we have never failed to deliver products or done our best to provide recompense if providing a product is not an option. However, the Bitcoin market is still highly experimental and populated by many less-than-stable individuals who like to make a lot of noise, complain for no reason, demand we break the law, attempt continual fraud against us, et cetera. This week our current statistic is 3.125 parcels shipped per work-hour, with an average value of approximately $5,000 per parcel. With us shipping approximately $250k in orders within the last 48 hours alone, as well as myself working an average of 20 hours per day for the last few years, I have to say that you’re quite incorrect.

Our numbers stack up higher than just about any other Bitcoin-related endeavor in existence, and to not expect a few irrational/unhappy loud voices after such a massive track record is rather unrealistic. You will find that outside of Bitcoin-land, you see the same type of behavior although it’s far less prevalent than within. A great example is these kinds of reports about APMEX, who is currently the largest online retailer in the USA. Before I started dealing with large purchases for my own personal reserves years ago, I’d use them for little bits of silver and gold consistently. They deal with billions in volume, I’ve had nothing but good experiences with them, and yet you find lots of angry people.

Moral of the story is, you can’t please everyone and while the really happy customers are quiet, the angry ones always make a big stink. I think both of us would be better served if all of the investigation could be more focused on the people selling drugs and illegal weapons, or nonexistent ASICs, or nonexistent paper-backed gold ETF’s, than the folks like me who are absolute sticklers about morality and helping the growth of both the Bitcoin and bullion markets.

-Jay

I must say, this is very understandable. Every huge company is going to have some negative feedback mixed in with the majority of positive feedback. I just hope those people claiming that Coinabul is a scam are not quick trigger complaints.

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MtGox DDoS’d again and attacks on many others

Well it’s that time again. It looks like MtGox and many other Bitcoin trading sites are under attack. Hacking attempts, DDoS attacks (distributed denial of service attacks) and other forms of attempts to slow the growth of Bitcoins.

MtGox, Bitfloor, Btc-E, Bitstamp, Bitcoinity, BitcoinCharts, Coinbase are some that I’ve personally noticed that are being attacked, anyone know of others please let us know by posting comments.

Bitstamp is down

Bitstamp is down

Bitcoinity and Bitfloor also attacked?

Bitcoinity and Bitfloor also attacked?

BitcoinCharts 502 Gateway error

BitcoinCharts 502 Gateway error

Bitcoinity.org is offline

Bitcoinity.org is offline

Bitcoinity down for maintnence muppet announcement

Bitcoinity down for maintnence muppet announcement

Coinbase right this minutes says you can sell at $101 or buy at $184.

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Current Coinbase buy problems

Impossible to buy Bitcoins at Coinbase

Impossible to buy Bitcoins at Coinbase

For the past 3 weeks, still no customers are able to buy BTC from Coinbase 🙁

Note! We’ve exceeded our normal buy limits for today. If you would still like to purchase you will receive the market price of bitcoin on Friday Apr 12, 2013 at 12:18PM PDT after your funds have arrived. read more

and

Sorry, the maximum number of purchases on Coinbase has been reached. This is a 24 hour rolling limit with no specific start time. Please try again later. We’ll continue raising this limit over time.

Those are the two errors you can see in your Coinbase admin when trying to buy.

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