Its About Sharing
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Antifragile
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May 14, 2013, 09:12:39 PM |
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It's really not the Coinlab lawsuit. For that to be the case, Mt. Gox would have had to have:
1. Been served;
2. Replied to the complaint (If you don't reply to the complaint before the deadline you'll lose automatically when Plaintiff files a motion for default judgment, nothing happens until you reply); and
3. Coinlab's attorneys would have to have made an ex parte motion for an injunction (if it was a motion on notice it would be scheduled weeks in advance), and won.
Furthermore, I highly doubt DHS would be serving an injunction in a civil action.
You could see huge news about Gox's US operations being targeted by a DOJ complaint this week.
But something doesn't make sense. FinCen isn't going after BTC, nor is any other government agency. Why now the DHS? The take down sports web sites! Just what Hitler envisioned they would do. LOL |
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Miz4r
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May 14, 2013, 09:12:47 PM |
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On a personal drama note, I tried to ride the wave of dumps by short selling BTC and instead ended up having to buy back at same price while losing a coin in fees. Bummer. LOL I thought I was the only one bad at these things.  Well actually I've made a 0.011 BTC net profit from this sell off.. but still I feel like an amateur at this.  |
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Ultraviolet
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May 14, 2013, 09:13:24 PM |
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Can you at least speak in facts? We are witnessing bad news just get eaten up by buys. Amazing, and that is all you can say? How about we just try to be realists and not Bulls or Bears? This is interesting lab work right now.  Facts are if the move on Gox comes from the US Government and severely interferes/destroys Gox's ability to process US transactions then you're going to see this "amazing" phenomenon amount to one massive bull trap within 48 hours. |
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ronaldlee0917
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May 14, 2013, 09:13:58 PM |
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Will there be more waves of sell off just like last time MtGox was sued.  |
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sve9mark
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May 14, 2013, 09:15:41 PM |
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It's really not the Coinlab lawsuit. For that to be the case, Mt. Gox would have had to have:
1. Been served;
2. Replied to the complaint (If you don't reply to the complaint before the deadline you'll lose automatically when Plaintiff files a motion for default judgment, nothing happens until you reply); and
3. Coinlab's attorneys would have to have made an ex parte motion for an injunction (if it was a motion on notice it would be scheduled weeks in advance), and won.
Furthermore, I highly doubt DHS would be serving an injunction in a civil action.
You could see huge news about Gox's US operations being targeted by a DOJ complaint this week.
DOJ is under the DHS, right?. If this isn't in relation to the court case, then what? |
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Miz4r
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May 14, 2013, 09:16:21 PM |
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Will there be more waves of sell off just like last time MtGox was sued. Who knows... sell and find out. |
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dexX7
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May 14, 2013, 09:18:42 PM |
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Ultraviolet
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May 14, 2013, 09:19:50 PM |
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DOJ is under the DHS, right?. If this isn't in relation to the court case, then what?
If DHS served a Court Order obtained in US Court in Maryland that is not related to a civil action, then it's most likely an Order resulting from a criminal complaint by some US Government body against Gox. I can't imagine any other scenarios for DHS to serve an Order to a payment processor requiring they cease business with Gox's US arm. |
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RoadToHell
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May 14, 2013, 09:20:21 PM |
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DOJ is under the DHS, right?. If this isn't in relation to the court case, then what?
No, they are both cabinet level departments. |
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Its About Sharing
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May 14, 2013, 09:21:16 PM |
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Can you at least speak in facts? We are witnessing bad news just get eaten up by buys. Amazing, and that is all you can say? How about we just try to be realists and not Bulls or Bears? This is interesting lab work right now. Facts are if the move on Gox comes from the US Government and severely interferes/destroys Gox's ability to process US transactions then you're going to see this "amazing" phenomenon amount to one massive bull trap within 48 hours. So far the "news" is from Dwolla and that is it. It doesn't sound sinister. What news about any other payment providers outside of Dwolla? What are you talking about? The MtGox queue is also over now, the said they are caught up. |
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Frozenlock
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May 14, 2013, 09:22:29 PM |
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The MtGox queue is also over now, the said they are caught up.
So now everyone can cash out, instead of being trapped in MtGox. Great. |
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Ultraviolet
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May 14, 2013, 09:23:01 PM |
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So far the "news" is from Dwolla and that is it. It doesn't sound sinister.
What news about any other payment providers outside of Dwolla? What are you talking about?
The MtGox queue is also over now, the said they are caught up.
You've only heard it from Dwolla. DHS serving a US District Court Order preventing Dwolla, but no other institutions, from doing business with Gox's US arm? Possible, but unlikely imo. |
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phantastisch
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May 14, 2013, 09:23:43 PM |
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The MtGox queue is also over now, the said they are caught up.
So now everyone can cash out, instead of being trapped in MtGox. Great. Or withdraw their coins faster. Verification works that way , too. :-p |
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Its About Sharing
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Activity: 1442
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Antifragile
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May 14, 2013, 09:26:47 PM |
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So far the "news" is from Dwolla and that is it. It doesn't sound sinister.
What news about any other payment providers outside of Dwolla? What are you talking about?
The MtGox queue is also over now, the said they are caught up.
You've only heard it from Dwolla. DHS serving a US District Court Order preventing Dwolla, but no other institutions, from doing business with Gox's US arm? Possible, but unlikely imo. Thx - Isn't Dwolla on the small side regarding funding? And do most Americans fund through an American payment provider or are they transferring funds to Japan? I'm wondering why we haven't heard anything from other funders. |
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Pale Phoenix
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May 14, 2013, 09:27:31 PM |
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If this isn't in relation to the court case, then what?
No telling, but it's not the first time DHS has shot first and asked questions later. Perhaps they were alerted by suspicious transaction reports filed by Gox's U.S. banks or banks wiring to them in Japan. Gox has said that the amount of money flowing into the exchange has increased dramatically, and those kinds of changes to funds flow are certainly a red flag for bureaucrats. |
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elux
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May 14, 2013, 09:29:19 PM |
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dexX7
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May 14, 2013, 09:36:46 PM |
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The MtGox queue is also over now, the said they are caught up.
So now everyone can cash out, instead of being trapped in MtGox. Great. Account verification is also required to transfer money to Gox via SEPA. |
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MickeyT2008
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This account was recently hacked
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May 14, 2013, 09:37:55 PM |
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sve9mark
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May 14, 2013, 09:39:24 PM |
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If this isn't in relation to the court case, then what?
No telling, but it's not the first time DHS has shot first and asked questions later. Perhaps they were alerted by suspicious transaction reports filed by Gox's U.S. banks or banks wiring to them in Japan. Gox has said that the amount of money flowing into the exchange has increased dramatically, and those kinds of changes to funds flow are certainly a red flag for bureaucrats. That makes sense. However, for a court order DHS would need some strong evidence of illegal activity. The transfer of funds out of the country is by no means illegal, and neither is investing in bitcoin. I would bet this is related to an investigation into money laundering and/or MT Gox not operating in accordance with US laws. |
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