Category Archives: Exchanges

Coinbase To Launch Licensed US Exchange

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The WSJ reports that Coinbase is to launch a licensed US exchange this coming Monday in what is likely to be a reference to the Space Shuttle Challenger Lunar news which first appeared on the Coinbase website earlier today.

Despite Brian Armstrong's plans for the new exchange to become the world's largest, it will initially be open only to US customers who reside in the states in which Coinbase is believed to have acquired regulatory approval. The exact number of those states remain unknown although the WSJ article claims that California as well as New York are amongst them. Continue reading →

BitStamp Wallet Now Officially "Hacked"

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A total of 18,867.62695929 BTC were moved from BitStamp's hot wallet to a wallet that is outside of their control. A statement attributed to Nejc Kodrič appears on Coindesk which differs from the one available on Bitstamp's own site. The Statement attributed to Nejc Kodrič on CoinDesk: Continue reading →

2014 Story of the Year: Mt Gox Finally Dies

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This year's biggest story in Bitcoin actually predates the founding of Qntra. Back in February Mt Gox finally closed its doors. Since Jed McCaleb opened it for Bitcoin Trading in July of 2010, through its astounding three years of incompetence and mismanagement under Mark Karpelès Mt Gox had served as a central source of drama and uncertainty in the Bitcoin space. Continue reading →

Belarus Experiences Bonanza/Currency Panic

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In dueling narratives in today's news headlines in Belarus the country is simultaneously experiencing both a trade bonanza and a currency panic to which strong capital controls have been imposed in response. As this happens a Russian Member of Parliament hinted in a tweet that if President of Belarus Aleksandr Lukashenko warms relations with the west in an effort to improve economic prospects he might face a fate similar to Libya's Ghaddafi who fell in a coup supported by the United States after entering into a détente. Continue reading →

btcXchange.ro Dispute Heats Up

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Earlier this week Romanian Bitcoin exchange btcXchange.ro issued an advisory that customers withdraw both Bitcoin and Leu denominated funds from their platform by today, December 19th. Today they issued a further advisory that issues on their platform are related to an ongoing dispute between that platform's management and their developer. Continue reading →

MtGox Bankruptcy Trustee Answers Some Questions

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MtGox and Bankruptcy Trustee Nobuaki Kobayashi have answered some questions put to them by creditors at the second creditors meeting held on November 26th 2014.

In short:

  • Proof of claims will be accepted beginning April 2015.
  • Payments to TIBANNE have been reduced where possible.
  • Financial reports for MtGox's first and second fiscal year have been released but it's not known if they are accurate.
  • Bitcoin addresses will continue to be withheld.

Below is the English text from the predominately Japanese document.

Continue reading →

MtGox Trustee Moves to Repay Creditors, Work With Kraken

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According to the New York Times, the liquidator in the MtGox bankruptcy case is moving in the direction of repaying creditors and will partner with the Fiat/Bitcoin exchange Kraken to do so. Among assistance Kraken might offer to the trustee is an evaluation of Mt Gox's assets and help investigating the collapse of MtGox. Any decision to repay the customers with Bitcoin though would happen at the discretion of the Trustee. Jesse Powell of Kraken offered a few informative quotes: Continue reading →