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Showing 20 of 56 results by Satyre_Noir
Yeah, it was mentioned alright... by a bunch of low life scumbags trying to spread more FUD with fake screen caps.
Neither the Blockchain blog nor the Coinbase blog officially mention the word "insolvency".
Neither the Blockchain blog nor the Coinbase blog officially mention the word "insolvency".
Are you just being stupid? Both said "insolvency" before they were edited.
The point being they were edited and no longer say insolvency - if it was confirmed that EmptyGox was insolvent do you think they would have made the edit?
That's actually NOT the point. He was accusing people of fake screen caps for the insolvent word, but thousands of people saw it before it was changed. Come on people, use that lump of jelly between your ears.
Gox, Bitcoin Foundation and other big exchanges are in collusion, they all knew for long time that Gox is insolvent, it's obvious now.
Mainstream media is once again going to get a lesson about the resilience of Bitcoin.
+1
Gox is dead! WOOHOO! This is the last Goxxing ever!
Have a mercy for victims.
Re: Confirmed Bad News Sources Thread - No FUD, Just Facts!!!1
Bad news confirmed by Coindesk:
http://www.coindesk.com/btce-pulls-support-ruble-russia-bans-bitcoin/
http://www.coindesk.com/btce-pulls-support-ruble-russia-bans-bitcoin/
Russian Prosecutors Office: BTC-e Investigation Report was a Hoax
http://www.coindesk.com/russian-prosecutors-office-btc-e-investigation-hoax/
http://www.coindesk.com/russian-prosecutors-office-btc-e-investigation-hoax/
I dont know if you're brainwashed by goverment but why no KYC means money laundering? Why no direct banking means money laundering?
So far your points are just as the idiots' calling bitcoin ponzi/illicit currency
Under Bulgarian law if one engages in financial mediation is obliged to "Know Your Customer" or validate customer personal information. If he doesn't he breaks the law.
Which part you don not understand?
Have you ever been in Bank?
Whoosh you hear that? it just went right over your head....
So your logic says.... if you dont comply with the law, you're money laundering?
Awsome logic you have there. You just answered my first sentence.
For all people here who want to know more about AML/KYC regulation, here you can find ultimate guide for almost each country in the world cause knowledge is the power:
http://www.pwc.com/en_GX/gx/financial-services/publications/assets/pwc-anti-money-laundering-know-your-customer-quick-reference-guide.pdf
It's updated for 2014.
Re: Confirmed Bad News Sources Thread - No FUD, Just Facts!!!1
The thread you linked starts with a bunch of words we all love:
This is the news spreading twitter, I'm not sure if it is fud but apparently BTC-e is under investigation... looks serious enough:
I would say... absolutely confirmed!
My Russian sources have confirmed beyond reasonable confirmation.
I dont know if you're brainwashed by goverment but why no KYC means money laundering? Why no direct banking means money laundering?
So far your points are just as the idiots' calling bitcoin ponzi/illicit currency
Under Bulgarian law if one engages in financial mediation is obliged to "Know Your Customer" or validate customer personal information. If he doesn't he breaks the law.
Which part you don not understand?
Have you ever been in Bank?
As for BTC-e's legal situation, here's my take on it...
The exchange does not operate in Russia. The owners reside in Russia but are not russian citizens.
As it stands, only Russia has taken action. This means that everyone else doesn't have much to worry about. It would be like if Argentina decided to ban MtGox.com. It would only affect argentinians. But, keep in mind that Russia is probably a significant memberbase for BTC-e.
Now, if the Bulgarian government decided to shut down BTC-e, that would be a different issue. But show me an exchange that is 150% certain of their legal status, show me a country that has absolutely no regulatory uncertainty...
On a side note, I love BTC-e's interface. Almost as much as I loved Bitfloor's interface
The exchange does not operate in Russia. The owners reside in Russia but are not russian citizens.
As it stands, only Russia has taken action. This means that everyone else doesn't have much to worry about. It would be like if Argentina decided to ban MtGox.com. It would only affect argentinians. But, keep in mind that Russia is probably a significant memberbase for BTC-e.
Now, if the Bulgarian government decided to shut down BTC-e, that would be a different issue. But show me an exchange that is 150% certain of their legal status, show me a country that has absolutely no regulatory uncertainty...
On a side note, I love BTC-e's interface. Almost as much as I loved Bitfloor's interface
That is not correct, the all mess with btc-e is not about ban or something. They are suspecting exchange of money laundering and terror funding, thats a big issue. I have no doubt this have to do nothing with reality of course, but in Russia no one cares. If you see news like this one, that means they want them really bad for some reason.
I don't know for terrorism but the way they operate indicates some type of money laundering. Based in Bulgaria (highly corrupt EU state), cash deposits trough Egopay and other shady payment processors, minimum deposit of 2000 EUR, unknown owners (rumors Russian mafia), no KYC/AML and when you compare them to the Bitstamp it's pretty obvious. I hope everything will be fine because of huge number of Bitcoiners doing trade there but BTC-e business practice is odd at best.
So if I understand correctly Bitstamp is now the only valid exchange left?
They are highly professional, I use Bitstamp for over a year, excellent service.
MtGox was the same in 2011.
You are right, they are all good until they fuck up something.
It is confirmed now though BTC-e denies wrongdoing and they increased transaction fees, it looks like BTC China scenario. Coindesk article about BTC-e: http://www.coindesk.com/btc-e-concerns-russian-criminal-investigation/
It`s the only exchange that have zero AML/KYC, there`s no way they can operate legally, even in Russia. If you have a legal case against you, you`re literally done. Thats how it works in this country. BTC China had a funding problems, not a fraud and money laundering legal case, you cant compare that.
They are even illegal under Bulgarian law I think, the law is more or less the same in continental Europe, here in Croatia you need to obey KYC to do any kind of financial meditation I think in Bulgaria is the same.
So if I understand correctly Bitstamp is now the only valid exchange left?
They are highly professional, I use Bitstamp for over a year, excellent service.
It is confirmed now though BTC-e denies wrongdoing and they increased transaction fees, it looks like BTC China scenario. Coindesk article about BTC-e: http://www.coindesk.com/btc-e-concerns-russian-criminal-investigation/
Thats true and it`s bad as it might sound but btc-e admins have balls to keep this exchange running. Can only hope now they dont decide to shutdown the worst way it could possibly happen.
I'm more afraid of BTC-e users panic and following stampede. Any Russians here to verify article?
This is the news spreading twitter, I'm not sure if it is fud but apparently BTC-e is under investigation... looks serious enough:
http://litecoinnews.org/possibly-btc-e-legal-troubles/
http://litecoinnews.org/possibly-btc-e-legal-troubles/
Total: 11.8M bitcoins (0.5M bitcoins assumed lost)
There is less holders than before in the category of BTC70+. The number of holdings smaller than this increased.
The number of bitcoin millionaires, previously estimated 930, decreased to 790 (-15%). Their combined wealth is 5.9M bitcoins, which is 50% of all bitcoins.
Speculation not profitable?