Category Archives: Exchange

Shell-Shocked HitBTC Users Shout ‘Fraud’ in Response to Severe KYC

HitBTC users are being asked to provide excessive detail about the derivation of their funds, according to multiple sources. Even Bitcoin developer Luke-Jr was forced to undergo KYC in order to withdraw funds. The famous small-blocker reportedly had chosen the exchange for its perceived lack of know-your-customer compliance. Continue reading Shell-Shocked HitBTC Users Shout ‘Fraud’ in Response to Severe KYC

$850 Million Bitfinex Bombshell Disproves Crazy Bitcoin Conspiracy

ShapeShift CEO Erik Voorhees made a valid observation on Twitter today, pointing out that there’s some degree of irony in the charges potentially facing embattled Bitcoin exchange Bitfinex: Tether had the cash reserves, despite wide speculation that the company had issued far more crypto tokens than it could settle. Continue reading $850 Million Bitfinex Bombshell Disproves Crazy Bitcoin Conspiracy