Tag Archives: news

Bitconnect finally gone bust!

The sketchy crypto coin and lending platform Bitconnect has finally gone bust!

Just $400 per 1 unit of BCC a few weeks ago, down to $15 today, and still dropping.

Their website and subreddit are offline:
https://bitconnect.co/
https://www.reddit.com/r/Bitconnect/

You can still get an idea of the damage by checking out BCC on Coinmarketcap site here. Also read more about it at this article.

Many youtubers were promoting Bitconnect with their referral links, many came across as spammy, for such a scammy pyramid-style setup that Bitconnect was. Users like Craig Grant, Trevon James & CryptoNick, c’mon fuckers, you knew exactly what you were pushing! Quit pleading innocence on this! 😡

The shameless BCC holders hitting HitBTC trollbox with comments like “Buy BCC!!!” or “hold your BCC it go back up”, “HODL BCC”, but if you have a brain in your head, you know better than to touch it with a 10 foot pole.

/Bitconnect

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Super Smart Bitcoin (SBTC) and BCX double forking day

Ok so today at bitcoin block height 498888 we had a double fork from Super Smart Bitcoin (SBTC) and BCX. SBTC 1:1 and BCX 1:10,000. I used the exchange Gate.io & Okex to get my forked coins, all went smooth, dumped everything quickly for bitcoin, as usual. SBTC has been ranging from around $105 – $300 today, while BCX has been ranging around $0.016 – $0.03.

SuperSmartBitcoin (SBTC)
website: http://supersmartbitcoin.com
See the Bitcointalk thread here.

BCX (BCX)
website: https://bcx.org

 

As usual most of the Chinese bitcoin exchanges were supporting these forked coins. I participated in using Gate.io, Okex, and Bitfinex. Gate & Okex distributed all tokens asap while Bitfinex still waiting, will post results later.

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Bitcoin Diamond (BCD) fork today

Hey folks, another day, another Bitcoin forking situation. Today’s fork will be Bitcoin Diamond (BCD). The fork will occur at block height 495866 (most likely Friday Nov 24th US central time). So far I’ve heard rumor of these coins be much less valuable than the previous forked coins, like Bitcoin Cash & Bitcoin Gold. You can read more about this new altcoin on their official site Btcd.io

Supporting exchanges: Binance, Okex, Exx, RightBTC, Hash Token, OtCoin, BTCbox, Kex, Aex, Cex.com, Oex, Gate.io, Kkex, Coinbene, Bitsun, HKSY, CoinEgg, BTCTrade.im, Coinnest, Bibox, Huobi, ZB.com, Lbank, Coolcoin, Allcoin.

Binance released this statement yesterday:

Fellow Binancians,

Binance is preparing for the upcoming Bitcoin Diamond (BCD) hard fork (estimated to occur on 2017/11/24) with the following procedures:

Before the potential fork, Binance will take a snapshot of all Bitcoin balances in Binance accounts including BTC held in open orders) at Block 495,866. After we determine the forked blockchain and wallet to be usable and stable, Binance will credit users with their BCD (1BTC will give 10BCD).
For the trading and listing of BCD on Binance, BCD will go through the same strict listing review process as Binance does for any other coin/token. The default position we have is no listing.
If you are unsure on how to deal with the technical issues regarding Bitcoin forks, feel free to deposit your Bitcoins in your Binance account in advance of the fork and we will handle it for you and ensure you will have all potential assets after the fork.
Going forward, we foresee there to be many coins forked off of BTC. Binance is not supportive of forks that occur simply for the sake of forking.
Thanks for your support!

Binance Team

2017/11/23

EDIT: Dec 13, 2017, I heard some reports of Bitcoin Diamond being a scam, most of what I read at this Reddit post seems all conspiracy theory, accusations like: domain privately registered? This is normal for anyone in any industry. Anyways, keep aware and if anyone knows anything factual pertaining to this, please contact us.

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Segwit2x has been cancelled

Read about it!

https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

https://cointelegraph.com/news/segwit2x-is-dead-long-live-bitcoin-price-hits-all-time-high-as-hard-fork-canceled

https://www.coindesk.com/2x-called-off-bitcoin-hard-fork-suspended-lack-consensus/

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The upcoming Segwit2x situation

Get ready, prepare your bitcoins! Make sure you’re storing them on a Segwit2x supportive exchange, Ledger Nano or Trezor.

I was going to research the exchanges and make an informative compiliation but it looks like BitcoinMagazine has beat me to it, luckily! haha. If your exchanges are these:
Bitfinex, Bitmex (awesome stance on s2x), Bitstamp, GDAX (Coinbase), Bitflyer, Kraken, HitBTC, Bitcoin.de, CoinsBank, Cex.io, itBit, Gemini (Winklevoss’ exchange), Coinfloor, BTCC (Chinese), BitMarket, QuadrigaCX (Canada), Mercado Bitcoin (Brazil & Argentina), Bitso, The Rock Trading, & EXMO … then check the detailed descriptioins of those on BTCmag here.

Others that have not made statements yet about the upcoming segwit2x (B2x) UAHF are: Mercatox, OKcoin, & Binance.

But also make sure to check your exchanges own blog or announcements pages so you can hear it from the horse’s own mouth.

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US Citizens troubles with Bitcoin exchanges

So recently I wanted to test out the Bitmex trading platform, and as I tried to begin by depositing bitcoins into my account, I get this message:

Due to local laws, BitMEX is unable to service your country (US). We cannot accept deposits. If you believe this to be in error, contact us at support@bitmex.com.

While any US citizen using Bitfinex (imho the best bitcoin trading platform around) know that they are terminating all crypto transactions from ALL US individual customer accounts:

“we are terminating trading, deposits, and withdrawal functionality for U.S. individual customers by no later than November 9, 2017.”

from this post.

WTF is going on??? I would love to hear your informations or opinions on why this is happening, is Trumpland USA really fucking shit up internationally?

/Rant

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Withdraw Bitcoin Cash from your Gemini account

Great work Gemini!

Today we received notification from Gemini that they’re allowing a 1-time opportunity to withdraw all of your Bitcoin Cash (BCH) to an address of your choosing. They mention the withdrawel would be completed within 5 business days of your request.

Their email:

Bitcoin Cash (BCH) Withdrawals Are Now Available!

A little over a month ago we published an announcement regarding our ongoing engineering efforts to allow withdrawal of bitcoin cash (BCH) for customers who had bitcoin balances at the time of the chain split.

We are pleased to announce that as of Saturday, October 7, 2017, Gemini will allow all customers to view their BCH balance and request a withdrawal via the BCH withdrawal request page. If you choose to request a BCH withdrawal, your entire BCH balance will be transferred to your chosen withdrawal address.

BCH requests are not sent onto the blockchain immediately. The first time we will process all submitted BCH withdrawal requests will be Wednesday, October 11 at 1pm EDT. After that point, requests will be honored within 5 business days from the time of your request. Example: If you request on Saturday, October 21, 2017, your transfer will be executed on or by Friday, October 27, 2017.

Although we do not currently have plans to open order books for BCH trading, we will continue to update our customers as the BCH situation evolves further.

Thank you for your patience and understanding throughout the implementation of this withdrawal feature. If you have any questions, please contact us.

Onward and Upward!

Team Gemini

I withdrew mine ASAP, after withdraw they post this message:

We have received your instructions to send your entire Bitcoin Cash (BCH) balance of XX.XXXXXXXX BCH to >>>>>>>MYADDRESS<<<<<<<<.
The withdrawal should be processed within five business days.

Your balance is calculated based on your Bitcoin (BTC) balance at the “Hard Fork”.

If you have any concerns, please contact Gemini Customer Support.

You can read more about this on their announcements blog here.

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