Tag Archives: news

UPDATE about Gemini and Bitcoin Cash (good news)

Great news! August 23rd Gemini posted on their blog about probably allowing for Gemini users to withdraw their BCH within a few weeks. Great to hear about this Gemini & Cameron Winklevoss 🙂

We have been receiving a few questions regarding the custody of our customer’s Bitcoin Cash. Because of Gemini’s fiduciary obligations under the New York Banking Law, which we take very seriously, we are going to great lengths to ensure all of our customers’ assets on a forked blockchain, like “Bitcoin Cash,” are preserved. Under no circumstances will we capture those funds for our own use. Instead, as stated in our August 3rd blog post, we are focusing our engineering resources on (i) ensuring that our customers’ funds are secure and not susceptible to theft (e.g., replay attacks), and (ii) building a withdrawal mechanism.

In the coming weeks, we will open a facility to allow customers to withdraw (probably on an all-or-none basis) their BCC balances to an off-platform address of their choosing. This is conceptually what we did for the ETH/ETC fork as well, which you can read about in a previous post.

Read more about that on their announcement page here.

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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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BTC-e bitcoin exchange seized by US gov

btc-e

Russian bitcoin exchange BTC-e has been seized by the US gov for possible fraud. All coins have been currently confiscated. BTC-e reps have been giving updates on BitcoinTalk forum.

Here is update #3 and most recent update is update #6, you’ll have to use Google translate probably since the entire thread is in Russian language.

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Litecoin to be added to Bitstamp exchange

Bitstamp announced addition of Litecoin

Bitstamp announced addition of Litecoin

Bitstamp has recently announced they’re adding Litecoin to the exchange next week, along with Ethereum to follow shortly after. Great news for crypto fans especially those with interest in LTC and ETH 🙂

Let there be Litecoin!

We are delighted to inform you that Litecoin (LTC) trading is now available at Bitstamp!

That’s right! In addition to the BTC and XRP trading pairs available, we now have three more to announce. Please join us in welcoming LTC/USD, LTC/EUR and LTC/BTC into the fold!

For more details, check our announcement here.

Thank you, as always, for your continued support. Onwards and upwards!

Best,

The Bitstamp team

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Go go Crypto

go-go-crypto

Lot of green + signs, go go Crypto, lets keep on rocking up. Litecoin has awaken from the dead, Ripple has been on a crazy rip upwards, Stellar has been extraordinarily stellar, Monero finally on the wakey wakey? Bitcoin always on that steady slowly surely climb to the top, really hoping this upward movement on every coin continues. $50 billion overall crypto market cap, here’s to 50 more! Cheers.

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Bitcoin reached $1435 all time high

1435alltimehigh

JEEZUS!!!! Go go go! Bitcoin is making a move reaching another all-time high of $1450+ (on Gemini, Bitfinex, Coinbase, Bitstamp, and other major exchanges) and lot so of altcoins are right behind, rising large %’s today. Lets hope this upward trend continues. Lots of developements happening with Bitcoin, ETH, Ripple and more.

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