Day: May 18, 2019

Shell-Shocked HitBTC Users Shout ‘Fraud’ in Response to Severe KYC

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By CCN: HitBTC users are being asked to provide excessive detail about the derivation of their funds, according to multiple sources. Even Bitcoin developer Luke-Jr was forced to undergo KYC in order to withdraw funds. The famous small-blocker reportedly had chosen the exchange for its perceived lack of know-your-customer compliance. High-Profile Users Get Their Issues Resolved โš ๏ธ๐Ÿ”ฅLooks like @hitbtc have decided to go full scammer, and are stealing balances of users (including me).๐Ÿ”ฅโš ๏ธ Probably a good idea to get anything you have there off, and take care not to use…

Crypto Bulls and Bears Wrestle on What Comes Next for the Bitcoin Price

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By CCN: Many in the crypto community remained calm and banded together despite the steep drop in the bitcoin price on the heels of an otherwise incredibly bullish month. Bitcoinโ€™s value was slashed by approximately $21 billion in the last 24 hours, with the BTC price currently holding above the $7,000 threshold. The declines were traced back to a mega sell order on Bitstamp exchange, either creating an opportunity for investors who missed the previous run or providing a warning before the other shoe drops. Of course, crypto bulls and…

Goxtrade Advertises Unaffiliated Staff and Misleading Contact Information

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Purported bitcoin (BTC) exchange Goxtrade has been accused of being a scam, technology news publication TechCrunch reported on May 17. Chief among the reportโ€™s revelations is that Goxtrade takes photos of unaffiliated people from social media sites and compiles them to make its online staff gallery. Goxtrade reportedly even retains some of their real names. Amber Baldet, co-founder of blockchain startup Clovyr, is one person whose name and picture were featured on Goxtradeโ€™s staff roster. She responded to the appearance on Twitter: โ€œFraud alert: I am not a developer at…