Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[bones261]

$110 Million: BTC-e Fined as US Vows Crackdown on Unregulated Exchanges:

https://www.coindesk.com/110-million-btc-e-fined-us-vows-crackdown-unregulated-exchanges/

^^ SEALED COURT ORDER ^^

OMG, I think it is safe to assume that BTC-e is now insolvent.

[JayJuanGee]

I am not sure whether I should feel bad for you...    or to roll my eyes at your seeming stubborn persistencies?  
 

 

Yeah, fuck, I am sorry Torque that you shorted or sold or something in the $2400 territories, but it seems that you will be very lucky if you are able to get back in anywhere below $2600 - and that might be a considerable stretch absent some very convincing FUD - because ordinary FUD is not likely to damper the current ongoing upwards BTC price pressures.
In other words, sorry for your loss.    

Look at you.

Nothing to say, except quoting me back to me.  WAT???

[keewee]

$110 Million: BTC-e Fined as US Vows Crackdown on Unregulated Exchanges:

https://www.coindesk.com/110-million-btc-e-fined-us-vows-crackdown-unregulated-exchanges/

^^ SEALED COURT ORDER ^^

The Department of Justice news release here: https://www.justice.gov/usao-ndca/pr/russian-national-and-bitcoin-exchange-charged-21-count-indictment-operating-alleged

[pfrtlpfmpf]

Yeih, great, i can use this countdown really well, because i still got some BTC (intentionally) on exchange, because there`s some real good trading opportunities there now (no risk, no fun).
Hope your countdown is accurate ?

[JayJuanGee]

$110 Million: BTC-e Fined as US Vows Crackdown on Unregulated Exchanges:

https://www.coindesk.com/110-million-btc-e-fined-us-vows-crackdown-unregulated-exchanges/

^^ SEALED COURT ORDER ^^

OMG, I think it is safe to assume that BTC-e is now insolvent.

Seems a way for the USA govt to steal people's bitcoins and blame such stealing on the corruption of an exchange operator who was likely not engaged in all the bullshit accusations. 

I doubt that the exchange is even close to as profitable to pay a $110 million fine, so the only way for da gbrnmet to get the money is to confiscate customer funds... .. including some of the BTC (and cash) of yours truly.  those fucks, meaning da gobrnment.... when me gonna get me money back!!!!!!

[jbreher]

I am thinking about pushing a Segwit patch to Bitcoin Cash github. Any chance it would be approved on time before 1 Aug?

You can try. I'm guessing you'll be met with an overwhelming chorus of NAKs.

Damn Bitcoin Cash Core ! They want to control everything! They are stopping real scalability for their own benefit!

Hahah.

On a more serious note: There are several other mechanisms that fix malleability. There is still a discussion to be had as to whether or not SegWit is the best approach.

[jbreher]

Seems a way for the USA govt to steal people's bitcoins and blame such stealing on the corruption of an exchange operator who was likely not engaged in all the bullshit accusations. 

Perhaps. OTOH, there seems to be evidence that the proprietor of BTC-e was involved in both the MtGox theft and the bitcoinica theft.

#funtimes

[mymenace]

this guy is the best

https://www.rt.com/viral/396791-mcafee-penis-bitcoin-price/

[JayJuanGee]

I am thinking about pushing a Segwit patch to Bitcoin Cash github. Any chance it would be approved on time before 1 Aug?

You can try. I'm guessing you'll be met with an overwhelming chorus of NAKs.

Damn Bitcoin Cash Core ! They want to control everything! They are stopping real scalability for their own benefit!

Hahah.

On a more serious note: There are several other mechanisms that fix malleability. There is still a discussion to be had as to whether or not SegWit is the best approach.

Can't let it go, right?   just give segwit (and peace) a chance...

Seems a way for the USA govt to steal people's bitcoins and blame such stealing on the corruption of an exchange operator who was likely not engaged in all the bullshit accusations. 

Perhaps. OTOH, there seems to be evidence that the proprietor of BTC-e was involved in both the MtGox theft and the bitcoinica theft.

#funtimes

Yes, I read that the articles and the government proclamations are making those kinds of connections. 

One thing is to have someone who is using your services that is engaged in illegal activity, but does not necessarily arise to the level of the guilt of the exchange itself  - and the various regular account holders, including yours truly. 

Accusations is one thing and evidence and proof is another thing.. I doubt that we have enough information from merely getting most of our information from the government's current rendition.

[Elwar]

The sad thing is that it might be easier for me to get my namecoins from BTC-e from the government than it is getting past their verification process due to a frozen account. After sending a copy of my passport and 3 months of bank statements they rejected it saying they needed a notarized ID scan from a third party, 3 months of proof of salary, utility bill, bank statements (all notarized) etc.

In other words, they want to keep all of my coins and no amount of verification will suffice.

[JayJuanGee]

The sad thing is that it might be easier for me to get my namecoins from BTC-e from the government than it is getting past their verification process due to a frozen account. After sending a copy of my passport and 3 months of bank statements they rejected it saying they needed a notarized ID scan from a third party, 3 months of proof of salary, utility bill, bank statements (all notarized) etc.

In other words, they want to keep all of my coins and no amount of verification will suffice.

Well, I had a similar experience with BTC-e.. actually twice.  My account was hacked twice.  The first time was fairly easy to regain access - about a year ago.

The second time was more extensive (about 6 months ago) - because my account had been hacked in a more invasive way, on the second occasion.  Both times, I regained access to my account because they were convinced that it was me through various verification procedures.

If they were having difficulties verifying your identity - then yeah, more difficulties to get your coins back.

I really have my doubts about whether the government is going to return our funds in the status that they were... I have dollars and BTC on BTCe... so maybe like GOX, it could take a few years to regain access, if at all and then we might only receive a fraction of our amounts.   

We gonna have to kiss our BTC-e funds goodbye?  Let's see,... let's see?

[fabiorem]

Well, I had my accounts hacked in Bittrex and HitBTC by 24th July. The hacker also tried to hack into Poloniex, but this one asks for a code sent by email.

It was my fault, I used the same password in the three exchanges, and I was not using 2FA, a foolish attitude from my part. The hacker messed my Bittrex funds, he sold everything he could for bitcoins, except the altcoins below 50k satoshis in value. However, he was not able to withdraw it from Bittrex, since this would require a confirmation by email. I had nothing stored in HitBTC.

The interesting part is that I also have a account in Btc-e, and if I'm not mistaken I was using the same password there too. The attack was nearly the same time people reported Btc-e shutting down.

The exchanges sent emails with logging information, but not Btc-e. The hacker used a proxy and Chrome as browser.

[bones261]

I really have my doubts about whether the government is going to return our funds in the status that they were... I have dollars and BTC on BTCe... so maybe like GOX, it could take a few years to regain access, if at all and then we might only receive a fraction of our amounts.  

We gonna have to kiss our BTC-e funds goodbye?  Let's see,... let's see?

I don't think there is going to be anything left for the depositors, especially after the legal fees BTC-e is going to have to expend trying to defend themselves. At the minimum, they are guilty of running an unlicensed money transmitting business. Maybe they will have good attorneys that can strike a deal that would cost a fraction of the $110 million the US government is now demanding, but I doubt it. From the government's official statement, it appears they want to make an example out of BTC-e.

[Searing]

'

so the BTC-e issue is what a 'big shrug' to the bitcoin world....price is not affected...is that what people seem to see/think now?

would be nice not to be at the 'whim' of another gox issue that slams price down for a year

(still, have the bcc fud to look forward to and the 2mb thing in 3 months.fun times)

btc...the hot mess girlfriend you can't leave.....sigh

[bones261]

'

so the BTC-e issue is what a 'big shrug' to the bitcoin world....price is not affected...is that what people seem to see/think now?

would be nice not to be at the 'whim' of another gox issue that slams price down for a year

(still, have the bcc fud to look forward to and the 2mb thing in 3 months.fun times)

btc...the hot mess girlfriend you can't leave.....sigh

Seems like the bulls are undeterred, no matter what obstacle is thrown at them.

http://www.youtube.com/watch?v=P3Nh5T61mQU&t=0m56s

[Unacceptable]

'

so the BTC-e issue is what a 'big shrug' to the bitcoin world....price is not affected...is that what people seem to see/think now?

would be nice not to be at the 'whim' of another gox issue that slams price down for a year

(still, have the bcc fud to look forward to and the 2mb thing in 3 months.fun times)

btc...the hot mess girlfriend you can't leave.....sigh

Well,back in 2011 GOX was about the ONLY exchange around so anytime they fucked up they drug the price down....

Now with what 10 BIG exchanges or so,maybe more....it's just another day like Sadiq Kahn said,"Just gotta accept these jihadi things in the big city" 

[lightfoot]

Holy shit i am drunk in vegas. How is everything going?

[Lontonbit]

Don't pass out on Freemont street like I did. You might wake up in plaza hotel with a strange lady. Lol

[Elwar]

Holy shit i am drunk in vegas. How is everything going?

Drunk posting on bitcointalk is how legends are made.

hodl onto your beer

[Unacceptable]

Don't pass out on Freemont street like I did. You might wake up in plaza hotel with a strange lady. Lol

Or man dressed like a Lady!!!!