BTC-e hacked ??

[bonker]

it seems like u.s wants to control cryptocurrency and make it their own and bully other countries cause they are scared it will take over the u.s dollar. bitfinex is doing the rite thing taking u.s residents out of the equation cause the baggage is the u.s government.

I think the feds are just picking the low-hanging fruit. They realize that cryptocurrency is here to stay. Bitfinex still faces problems, because they operated in the US for years without a license. And then, there was the whole token thing, which may not sit well with the SEC...

what about Kraken and Poloniex? they are based in USA and they operate without license. they are in the same position as many other closed exchangers due to the operating an illegal money transmiter  

AFAIK Kraken is based in Euroland. They'll just do the same as Finex and ditch the US customers. Must suck being an Yankee right now

[erk]

AFAIK Kraken is based in Euroland. They'll just do the same as Finex and ditch the US customers. Must suck being an Yankee right now

Kraken is in San Francisco

[mayax]

it seems like u.s wants to control cryptocurrency and make it their own and bully other countries cause they are scared it will take over the u.s dollar. bitfinex is doing the rite thing taking u.s residents out of the equation cause the baggage is the u.s government.

I think the feds are just picking the low-hanging fruit. They realize that cryptocurrency is here to stay. Bitfinex still faces problems, because they operated in the US for years without a license. And then, there was the whole token thing, which may not sit well with the SEC...

what about Kraken and Poloniex? they are based in USA and they operate without license. they are in the same position as many other closed exchangers due to the operating an illegal money transmiter  

AFAIK Kraken is based in Euroland. They'll just do the same as Finex and ditch the US customers. Must suck being an Yankee right now

Kraken and Poloniex are registered in USA. Even they will ditch the US customers, it means nothing because they are doing business from USA without being MSB.

[Lionel]

there are more and more real investors moving some funds from fiat into crypto as a method of preserving wealth. The next phase will be people asking for their wages in crypto

That's what i hope for.. i am tired of wasting away the 30-40% of my wage in fucking taxes. Am i working like a donkey to give money to thieves ?

A wage in crypto has no taxes, and that can boost our wage by at least 25-30%

Keep only in mind that this requires also anonimity
BTC is not equal to anonimity
TOR+BTC is

[coinking17]

Man its painful watching BTC hit records highs again while our coins/fiat is tied up in limbo. Cmon BTC-e come through for us all! :/

[YesLOST]

Man its painful watching BTC hit records highs again while our coins/fiat is tied up in limbo. Cmon BTC-e come through for us all! :/

I was like 10 minutes away from buying nearly 80 coins at the time of down fall. But a good thing for me is, if btc stays at 3800+ and btce gives me 50%, I get out without a win and without a loss. Well, I lost 1000s of hours starring at the monitor and trading (a.k.a waiting).

[stingray454]

Man its painful watching BTC hit records highs again while our coins/fiat is tied up in limbo. Cmon BTC-e come through for us all! :/

I was like 10 minutes away from buying nearly 80 coins at the time of down fall. But a good thing for me is, if btc stays at 3800+ and btce gives me 50%, I get out without a win and without a loss. Well, I lost 1000s of hours starring at the monitor and trading (a.k.a waiting).

So you were in coins? If you get 50% of the coins back and 50% in tokens / other crypto / whatever you'll be pretty fine. Personally I was in 100% fiat at the time after selling 40:ish coins, even if I get every dollar back that would only buy me like 25 coins now

[Gnosis7777]

This doesn't look good for the government at all.....

[YesLOST]

Man its painful watching BTC hit records highs again while our coins/fiat is tied up in limbo. Cmon BTC-e come through for us all! :/

I was like 10 minutes away from buying nearly 80 coins at the time of down fall. But a good thing for me is, if btc stays at 3800+ and btce gives me 50%, I get out without a win and without a loss. Well, I lost 1000s of hours starring at the monitor and trading (a.k.a waiting).

So you were in coins? If you get 50% of the coins back and 50% in tokens / other crypto / whatever you'll be pretty fine. Personally I was in 100% fiat at the time after selling 40:ish coins, even if I get every dollar back that would only buy me like 25 coins now

No, I was also 100% in fiat at the time of down fall. I am just saying, I was about to buy at range $25xx and withdraw for bcc split (to get bcc) and I luckily had the other half of my crypto at bitstamp.

So, unfortunately we are both in same boat. However, I doubt it makes a difference, because I do not think the 55% coins refund will be like .55 for 1 btc but instead bought at today's value. But lets see, with 55% fiat back I am still happy... and maybe the btce token will be worth something after all.

[MAbtc]

Kraken and Poloniex are registered in USA. Even they will ditch the US customers, it means nothing because they are doing business from USA without being MSB.

Yep. And regardless of what they do now (like registering and moving operations to another jurisdiction), it can't erase the past several years of operation in the US, and serving US customers. It sucks to be a US resident right now if you haven't been paying your taxes (can't send those coins to regulated exchanges). Also sucks to be Kraken, Bitfinex, Poloniex, Bittrex..... but especially the former two, because they've been processing fiat withdrawals as well for years.

[illyiller]

Man its painful watching BTC hit records highs again while our coins/fiat is tied up in limbo. Cmon BTC-e come through for us all! :/

I was like 10 minutes away from buying nearly 80 coins at the time of down fall. But a good thing for me is, if btc stays at 3800+ and btce gives me 50%, I get out without a win and without a loss. Well, I lost 1000s of hours starring at the monitor and trading (a.k.a waiting).

So you were in coins? If you get 50% of the coins back and 50% in tokens / other crypto / whatever you'll be pretty fine. Personally I was in 100% fiat at the time after selling 40:ish coins, even if I get every dollar back that would only buy me like 25 coins now

No, I was also 100% in fiat at the time of down fall. I am just saying, I was about to buy at range $25xx and withdraw for bcc split (to get bcc) and I luckily had the other half of my crypto at bitstamp.

So, unfortunately we are both in same boat. However, I doubt it makes a difference, because I do not think the 55% coins refund will be like .55 for 1 btc but instead bought at today's value. But lets see, with 55% fiat back I am still happy... and maybe the btce token will be worth something after all.

I think the exchange will do whatever benefits them the most, so it'll be coins at tomorrow's prices, not when the exchange was taken down. The only way it makes sense for them to relaunch (if they aren't a honeypot) is to make a decent cash grab. They must believe they can pull out a decent chunk of money for their retirement to risk relaunching in the face of the US government's indictment.

[YesLOST]

Man its painful watching BTC hit records highs again while our coins/fiat is tied up in limbo. Cmon BTC-e come through for us all! :/

I was like 10 minutes away from buying nearly 80 coins at the time of down fall. But a good thing for me is, if btc stays at 3800+ and btce gives me 50%, I get out without a win and without a loss. Well, I lost 1000s of hours starring at the monitor and trading (a.k.a waiting).

So you were in coins? If you get 50% of the coins back and 50% in tokens / other crypto / whatever you'll be pretty fine. Personally I was in 100% fiat at the time after selling 40:ish coins, even if I get every dollar back that would only buy me like 25 coins now

No, I was also 100% in fiat at the time of down fall. I am just saying, I was about to buy at range $25xx and withdraw for bcc split (to get bcc) and I luckily had the other half of my crypto at bitstamp.

So, unfortunately we are both in same boat. However, I doubt it makes a difference, because I do not think the 55% coins refund will be like .55 for 1 btc but instead bought at today's value. But lets see, with 55% fiat back I am still happy... and maybe the btce token will be worth something after all.

I think the exchange will do whatever benefits them the most, so it'll be coins at tomorrow's prices, not when the exchange was taken down. The only way it makes sense for them to relaunch (if they aren't a honeypot) is to make a decent cash grab. They must believe they can pull out a decent chunk of money for their retirement to risk relaunching in the face of the US government's indictment.

I think that btce probably gives 55% coins back based on the value at the day of down fall. E.g. 1 btc valued at $2546 * 55% = $1400 / $3800 =  0.3685 bitcoins (at current $3800 price). Could be wrong but makes much sense, because this means socializing losses.

Anyway, personally, I dont care if coin holders get 55% of coins and fiat users get 55% in different coins (= resulting in probably another 10% loss). Because have written it off as loss already some days ago...

I doubt they are doing this for their own dollar benefits. In many parts of the world, trust really means something. They made already millions every month. They are on interpol red notice. USA wants them. They know what the stakes are and who made them rich and they just do not want to steal from their customers.

[erk]

Kraken and Poloniex are registered in USA. Even they will ditch the US customers, it means nothing because they are doing business from USA without being MSB.

Yep. And regardless of what they do now (like registering and moving operations to another jurisdiction), it can't erase the past several years of operation in the US, and serving US customers. It sucks to be a US resident right now if you haven't been paying your taxes (can't send those coins to regulated exchanges). Also sucks to be Kraken, Bitfinex, Poloniex, Bittrex..... but especially the former two, because they've been processing fiat withdrawals as well for years.

Polinex and Bittrex don't do fiat.
Bitfinex is tightening requirements for US customers, maybe first signs of a pull out from the US.

[illinest]

I think that btce probably gives 55% coins back based on the value at the day of down fall. E.g. 1 btc valued at $2546 * 55% = $1400 / $3800 =  0.3685 bitcoins (at current $3800 price). Could be wrong but makes much sense, because this means socializing losses.

Anyway, personally, I dont care if coin holders get 55% of coins and fiat users get 55% in different coins (= resulting in probably another 10% loss). Because have written it off as loss already some days ago...

I doubt they are doing this for their own dollar benefits. In many parts of the world, trust really means something. They made already millions every month. They are on interpol red notice. USA wants them. They know what the stakes are and who made them rich and they just do not want to steal from their customers.

I want to believe this, as I was foolish enough to keep most of my funds there. This is what I get for waiting in USD for the dip and not spreading around the exchange risk. They were just so damn reliable for so many years.

I agree that they don't want to steal from us. But the stakes are also very high regarding the FBI, and it is unknown how much fiat can be recovered in time (due to clearance from affiliation with the exchange). There must be something in it for them to want to risk bringing the site back up at all.

[ice0-5]

Can anyone tell me if this is legit... ( https://www.cryptocompare.com/exchanges/btce/forum/USD )

[jubalix]

It's amazing how the market provides until the govt / reg has to destroy it.


Btce was probably the best exchange out there...they never screwed a withdrawal or deposit once for me at least.

I was wondering if there would be a way in future of haveing you funds protected by muti sig such that whe nyou buy sell level is reached, the key then signs on the funds .... I am pretty sure eth does this at the moment.

ahhh decentralized exchanges when?

[marky89]

I was wondering if there would be a way in future of haveing you funds protected by muti sig such that when you buy sell level is reached, the key then signs on the funds .... I am pretty sure eth does this at the moment.

ahhh decentralized exchanges when?

Well, there is Bitsquare. In time, we will have better ways -- atomic cross-chain swaps and such. But there is no fundamental answer to the problem of hedging bitcoin (or altcoins) against fiat currencies. There's no way to do that without a trusted third party somewhere in the chain. Pegs (like "price floor contracts" which are untenable anyway) require storing funds on exchanges. Tether = Bitfinex. For now, all we want is coin, but there will come another time like 2014 where USD will be king again.

[MAbtc]

Kraken and Poloniex are registered in USA. Even they will ditch the US customers, it means nothing because they are doing business from USA without being MSB.

Yep. And regardless of what they do now (like registering and moving operations to another jurisdiction), it can't erase the past several years of operation in the US, and serving US customers. It sucks to be a US resident right now if you haven't been paying your taxes (can't send those coins to regulated exchanges). Also sucks to be Kraken, Bitfinex, Poloniex, Bittrex..... but especially the former two, because they've been processing fiat withdrawals as well for years.

Polinex and Bittrex don't do fiat.
Bitfinex is tightening requirements for US customers, maybe first signs of a pull out from the US.

It doesn't necessarily matter if Poloniex and Bittrex don't do fiat processing. (In fact, Poloniex says up front that it is an MSB, registered with FINCEN, but it doesn't have state licenses)

I believe that provisions of the Patriot Act or legislation/administrative regs that came after expanded the definition of MSB beyond simple fiat currency processing to value transfer. The BTC-e indictment also refers to the platform being used as a means for US customers to transfer money to one another. We don't know if that means BTC-e codes or cryptocurrency or what, but since fiat processing required verification by the intermediary, it kind of sounds like they are referring to the former two.

[shrodix]

Can anyone tell me if this is legit... ( https://www.cryptocompare.com/exchanges/btce/forum/USD )

https://satoshibox.com/f8452jaqhxe2s3p57a6u4pdh
"Buy for 0.2 BTC" so not legit  .SCAM

[mayax]

Kraken and Poloniex are registered in USA. Even they will ditch the US customers, it means nothing because they are doing business from USA without being MSB.

Yep. And regardless of what they do now (like registering and moving operations to another jurisdiction), it can't erase the past several years of operation in the US, and serving US customers. It sucks to be a US resident right now if you haven't been paying your taxes (can't send those coins to regulated exchanges). Also sucks to be Kraken, Bitfinex, Poloniex, Bittrex..... but especially the former two, because they've been processing fiat withdrawals as well for years.

Polinex and Bittrex don't do fiat.
Bitfinex is tightening requirements for US customers, maybe first signs of a pull out from the US.

It doesn't necessarily matter if Poloniex and Bittrex don't do fiat processing. (In fact, Poloniex says up front that it is an MSB, registered with FINCEN, but it doesn't have state licenses)

I believe that provisions of the Patriot Act or legislation/administrative regs that came after expanded the definition of MSB beyond simple fiat currency processing to value transfer. The BTC-e indictment also refers to the platform being used as a means for US customers to transfer money to one another. We don't know if that means BTC-e codes or cryptocurrency or what, but since fiat processing required verification by the intermediary, it kind of sounds like they are referring to the former two.

yes, in fact Poloniex is misleading and lying. They are not a MSB. MSB means to be license in any State.  FINCEN registration means nothing.