Category Archives: Information

Gemini “cracking down” on legit users?

After my recent round-the-world trip, I get home to see this in my email account:

Your Gemini Account – Action Needed

A review of your recent account activity showed regular deposits of fiat and a one way trading pattern where you deposit funds, convert it to digital currency, and then withdraw. This may be indicative of business activity. Could you please provide an explanation for this pattern and also the source of funds for the referenced activity?

Additionally, from the end of July 2018, you have only logged into your Gemini account from XXXXXX and the XXXXXX. Can you please verify your current residential address? Please upload a new proof of residence document showing that address. Please visit http://exchange.gemini.com/upload to upload your documentation.

WTF is this Gemini?!

Bittrex removing Bitcoin Gold, Private & Bitshares

On October 6th, 2018 Bittrex announced they’ll be delisting Bitshares, Bitcoin Gold, & Bitcoin Private.

As a valued Bittrex customer, we wanted to inform you that on November 5, 2018, we are retiring wallets that do not have markets, including Bitshares (BTS), Bitcoin Gold (BTG), and Bitcoin Private (BTCP). Our records indicate that you have a balance for at least one of the wallets being retired.

To keep your BTS, BTG or BTCP assets, you must withdraw your balance before Monday, November 5, 2018. After this date, your assets will be unrecoverable.

Wallet removals are a routine part of our ongoing platform management for performance and operational efficiency. For additional information read the related support article at: https://support.bittrex.com/hc/en-us/articles/360001391586

… I just found this email today in my spambox, so I contacted Bittrex support to ask how I can withdraw my coins, they said: “there is nothing more the support team can do to recover these coins”.

exchanges, exchanges! Another reason why you should not store coins on exchanges!

Craig Wright email to Roger Ver

Bitcoin Cash having a civil war before the Bitcoin Cash, Bitcoin ABC, Bitcoin SV fork on November 15. Craig Wright (aka faketoshi), of nChain, sent this email to Roger Ver:

“If you want a war…
I will do 2 years of no trade. Nothing.
In the war, no coin can trade.
If you want ABC, you want shitcoins, welcome to bankruptcy.
It was nice knowing you.
Bitcoin will die before ABC shits on it. I will see BCH trade at 0 for a few years. Will you?
Side with ABC, you hate bitcoin, you are my enemy. You have fucking no idea what that means.
You will.
I AM Satoshi. Have a nice life. You will now discover me when pissed off.
And, no. You Could have had proof. Your choice.
Fuck off,
Craig”

Roger Ver’s thoughts about the fork, and about the Craig Wright threats:

Bitcoin Cash has been a mess from the beginning. Problems with much of the crypto space, stemming from some BCH community members trying to confuse crypto newbies, saying “Bitcoin Cash is Bitcoin” (which is obviously lies and intended for confusion)

CCN article here
Coin Journal article here.

Coinbase account terminated

On June 11th I received an email from Coinbase about account problem. I login to my Coinbase account to see this message:

NOTICE OF ACCOUNT CLOSURE
Unfortunately, we had to close your Coinbase account. Before your account can be closed, you will need to withdraw your digital currency to an external wallet and any other funds (such as USD) to a bank account associated with your Coinbase account. Please take precautions when transferring digital currency to an external wallet, as transfers outside of Coinbase are irreversible. Please also be sure to delete any external references to digital currency addresses generated by Coinbase, as funds sent to those addresses will not be accessible once the account is closed. If you have any questions you may visit https://support.coinbase.com.

I quickly submitted a support ticket

My message: “Hi, i see my account is being closed, i had no warning and i’m not exactly sure why this is happening, can you please explain?”

Coinbase reply: “Thanks for contacting Coinbase Support. I’m sorry to hear your concern regarding your account closure. Let me help you with this one.

Our primary goal is to make our platform safe and secure for our customers. Coinbase is a regulated Money Services Business under FinCEN (FinCEN.gov), and as part of our responsibility, we are legally obligated to implement regulatory compliance mechanisms.

We regret to inform you that we are no longer able to support your Coinbase account as well as any other accounts you may have created. Please note, we have not blocked access to the balance currently in your Coinbase account; while we can no longer process brokerage orders via our banking relationship, you may still send your balance offsite to an external address.

There are a variety of factors which have been weighed in your case, and we unfortunately are unable to elaborate on our internal decision process. Please know that we do not make these decisions lightly, and do regret losing you as a customer.

We wish you all the best in your future endeavors. Thank you for your understanding. Please reply to this email if you continue to have issues or need help with anything else. Take care and have a nice day ahead.

Best regards,
Ron”

I have since seen more people had accounts closed on this Reddit thread including GAB & Wikileaks.

Coinbase, what has happened to you, terminating legitimate 5 year old customers accounts, and more importantly not giving any reason!!! bad bad.

Gemini adding Zcash

Gemini announced they’re adding Zcash to their platform on May 19, 2018.

Gemini Is Now the World’s First Licensed Zcash Exchange!

We are excited to announce support for Zcash trading and custody. Starting on Saturday, May 19th at 9:30am EDT customers will be able to start depositing Zcash into their Gemini accounts. Trading will begin on Tuesday, May 22nd at 9:30am EDT.

We have been working closely with the New York State Department of Financial Services (NYSDFS) to obtain approval to offer Zcash trading and custody services to our customers as a New York trust company. Our approval makes Gemini the first licensed Zcash exchange in the world. It also makes the NYSDFS the first regulatory agency in the world to supervise Zcash, reaffirming their position as the leading financial regulator in the area of digital assets. To learn more read our blog post.

Zcash pumped 30% today, probably due to this news. Litecoin is being added to Gemini exchange next!