Submit News All Crypto News

Coinbase press release regarding website suspension Mt Gox

The purpose of this document is to summarize a joint statement to the Bitcoin community regarding Mt.Gox.
This tragic violation of the trust of users of Mt.Gox was the result of one company’s actions and does not reflect the resilience or value of bitcoin and the digital currency industry. There are hundreds of trustworthy and responsible companies involved in bitcoin. These companies will continue to build the future of money by making bitcoin more secure and easy to use for consumers and merchants. As with any new industry, there are certain bad actors that need to be weeded out, and that is what we are seeing today. Mtgox has confirmed its issues in private discussions with other members of the bitcoin community

We are confident, however, that strong Bitcoin companies, led by highly competent teams and backed by credible investors, will continue to thrive, and to fulfill the promise that bitcoin offers as the future of payment in the Internet age.
In order to re-establish the trust squandered by the failings of Mt. Gox, responsible bitcoin exchanges are working together and are committed to the future of bitcoin and the security of all customer funds. As part of the effort to re-assure customers, the following services will be coordinating efforts over the coming days to publicly reassure customers and the general public that all funds continue to be held in a safe and secure manner: Coinbase, Kraken, BitStamp, Circle, and BTC China.
We strongly believe in transparent, thoughtful, and comprehensive consumer protection measures. We pledge to lead the way.
Bitcoin operators, whether they be exchanges, wallet services or payment providers, play a critical custodial role over the bitcoin they hold as assets for their customers. Acting as a custodian should require a high-bar, including appropriate security safeguards that are independently audited and tested on a regular basis, adequate balance sheets and reserves as commercial entities, transparent and accountable customer disclosures, and clear policies to not use customer assets for proprietary trading or for margin loans in leveraged trading.

The following industry leaders stand by this statement:

Fred Ehrsam and Brian Armstrong — Founders of Coinbase
Jesse Powell — CEO of Kraken
Nejc Kodrič — CEO of Bitstamp.net
Bobby Lee — CEO of BTC China
Nicolas Cary — CEO of Blockchain.info
Jeremy Allaire — CEO of Circle

Contact
http://blog.coinbase.com/post/77766809700/joint-statement-regarding-mtgox
Share on Facebook Share on Twitter Share on Whatsapp Share on Reddit


Cryptocoin News RSS


BitFlyer worlds largest bitcoin exchange to enter european market
The Tokyo-based firm has been awarded a payment institution (PI) licence for the European Union, building on its regulatory approval in the US and Japan. BitFlyer handles about a quarter of the globe’s Bitcoin exchange volumes, with more than 250 billion US dollars worth of Bitcoin being traded o

Bitcoin Sugardaddy Dating Website record revenues and new members
Bitcoin Sugardaddy Dating Website record revenues and new members has record new revenues https://www.hepays.com

ZCAP coin - The Next Generation Digital Currency
ZCAP is a decentralized and open-source cryptocurrency that provides strong privacy and protections in the digital world.  In another word, It is a cryptocurrency that uses blockchain technology for global e-commerce billing. It helps your e-commerce business’ payment whether it is an on

Bulgaria may be home to the world's second biggest bitcoin heist.
central government of bulgaria stole millions worth of bitcoins https://twitter.com/CNBC/status/953313919413571584

Hackers broke into the digital wallet provider BlackWallet and stole its 'Stellar' cryptocurrency worth $400,000 (roughly Rs. 2.5 crores), the media reported
Hackers broke into the digital wallet provider BlackWallet and stole its 'Stellar' cryptocurrency worth $400,000 (roughly Rs. 2.5 crores), the media reported. According to CNN, an unidentified group hijacked the server that hosts BlackWallet and stores the virtual currency. "In a statement sent o

china trying to ban bitcoin
Chinese authorities are attempting to completely block citizens from buying and trading cryptocurrencies, Bloomberg reported Monday. Until early last year China was the global hub for bitcoin trading and mining, however Beijing has recently sought to limit its economy’s exposure to digital curren

Cure WorldCosplay Announces its Token Sale in March 2018
Tokyo, Japan, Jan. 11, 2018 – Cure Inc., a social media company running Cure WorldCosplay, today published White Paper for its Initial Coin Offering. It will issue its own “Cosplay Token (COT)” as a first step to build tokenized ecosystem on the global cosplay platform of 720K members. Vision Co

Paycent Debit Card Pre-Registration starts 15th Jan 2018
Paycent, a financial platform powered by Texcent, is launching Paycent Debit Cards that will allow its users to buy, sell, spend and cash out any digital currency. The cards will be issued to users from more than 130 countries including but not limited to USA, UK, Europeon Union, South American Coun

Western Union is reportedly gearing up to embrace Ripple’s blockchain technology
According to a report in Ripple News, citing an unnamed source, Western Union could adopt the XRP technology at some point in 2018. The comments came as a public feud broke out on Twitter after a New York Times article was critical of Ripple technology. Ripple countered the story in a tweet, saying

Ripple XRP to be listed on DMM Bitcoin Japanese Exchange January 11th - 27 Million Users
Japanese entertainment conglomerate DMM Group, the operator of popular e-commerce site DMM.com with 27 million members, is preparing to launch a cryptocurrency exchange. 7 cryptocurrencies, 14 trading pairs, and margin trading will be offered. https://www.youtube.com/watch?v=a_ctk2FyYDo

Contact: daniel@coincrunch.com Submit News RSS