Alleged cryptocurrency exchange mcxNOW has shuttered again for a second consecutive winter, and purports to be reopening eventually under the new name mtMOX. The first winter shuttering occurred one month after conducting a public offering for "Fee Shares" on the platform. The announcement: Continue reading
Category Archives: Exchanges
The Blake Benthall Complaint, full text
After the arrest of Blake Benthall for allegedly operating Silk Road 2.o a PDF began circulating which purports to be a copy of the complaint against Benthall. Qntra presents the text of the alleged complaint liberated from its PDF turd: Continue reading
X-BT Exchange Shutting Down
Cryptocurrency exchange X-BT.com is closing down as of today, though the site will remain online for at least two weeks to allow customers to withdraw funds held on the platform. The announcement which arrived via email reads: Continue reading
LedgerX Thinks Bitcoin is Ready for Options (Again)
New York City startup LedgerX has submitted applications to the U.S. Commodity Futures Trading Commisions (CFTC), to register as a "swap execution facility and derivatives clearing organization." If approved LedgerX would be allowed to list physically-settled digital currency option contracts, particularly Bitcoin denominated contracts. Continue reading
Justcoin Exchange Closing
Justcoin is shutting their doors. The announcement on their blog simply reads:
Justcoin is shutting down. Affected users, check your email
But the email reportedly sent to users goes into a bit more detail. Continue reading
FinCEN: Payment Processors, Others may be Regulated Money Transmitters
FinCEN issued two administrative rulings in regards to "Virtual Currency." The first concerns "exchanges" and supposes they may be regulated as Money Transmitters under the Banking Secrecy Act. The second though supposes that payment processors like BitPay may similarly fall under their purview. This shift comes contrary to the expectations BitPay had disclosed anticipating from FinCEN.
PDFs of the rulings are available here: ruling 1, ruling 2. Extracted plaintext is available below. Continue reading
mcxNOW Shuts Down For Maintenance (Again)
The altcoin exchange mcxNOW will shutter once again with the site expected to go down for maintenance beginning November 15, 2014. As mcxNOW intend to destroy all wallet backups, users of the website will need to withdraw their coins or risk losing them permanently. Continue reading
Taiwan: Regulators Approve Listing of Mining Chip Maker
In Taiwan, regulators have approved the listing of semiconductor design house Alchip Technologies on the Taiwan Stock Exchange. Alchip reportedly produces ASIC mining chips for KNC miner and Avalon as well as chips unrelated to Bitcoin mining.
Independent Reserve Becomes Australia's Latest Bitcoin Exchange
Independent Reserve today launched Australia's newest Bitcoin exchange, opening its doors to customers this morning. The Sydney based company, of which Adam Tepper is CEO, claims they will add a valuable source of liquidity to the growing Bitcoin market across the globe. Adam Tepper also stated that their last mover advantage has enabled the company to spend thousands of hours on R&D while learning from the mistakes made by other exchanges. This will enable IR to provide users with a platform that is "completely robust." Continue reading
Bank of England Payment Settlements Offline: Home Purchases Impossible
Large purchases including those of housing and real estate in the United Kingdom have stalled today as the Bank of England's Real Time Gross Settlement Payment System is down. As a result banks in the UK can not settle large transactions between each other, though small transactions are processed with a different system. Continue reading