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Bitfinex and Tether hit back at mismanagement claims

Bitfinex, the largest cryptocurrency exchange, and Tether, which issues dollar-pledged cryptocurrency, have finally broken their silence. A spokesperson for both companies yesterday blamed "questionable actors" for causing doubts about them. He expressed the commitment of Bitfinex to being the "most transparent cryptocurrency exchange". He also slammed the biggest Bitfinex critic "Bitfinex'd" for being an anonymous social media user who makes allegations without even revealing his/her own identity. Conversely, he explained that Bitfinex is transparent and led by a strong team of managers - though, interestingly, he did not name any of those managers, and their names are not listed on...

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Coinbase to hand over identities of high-value clients

Recent news in the cryptocurrency industry is that one of the top coin exchanges Coinbase has been ordered to turn over details of high-value clients to the US government. Although this information had previously been requested by the Internal Revenue Service (IRS) last November, California-based Coinbase had been resisting providing it. New ruling means Coinbase have to comply In a bid to prevent the IRS from seeing trading records of its users, Coinbase had sought a legal ruling which would allow them to refuse the request. However, a judge in San Francisco ruled in the favour of the IRS, which...

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Bittrex sends out a warning against 'Pump and Dump' scams

With the current cryptocurrency market being worth an estimated $300 billion and 1,300 different types of cryptocurrency in circulation, the sector is booming. Surprising news however is that huge cryptocurrency exchange Bittrex has contacted its users to warn against getting involved so-called 'Pump and Dump' scams. What is a 'Pump and Dump' scam? As a means of manipulating the market for personal gain, the 'Pump and Dump' has been around for a long time. Once seen in the stock market before it was banned, it has now seemingly re-surfaced in the cryptocurrency world. The general idea is that a group...

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WARNING The IRS to tax Millions of Bitcoin Trades

To all US bitcoin traders you are now in the sights of the internal revenue service for not complying to report your trading gains. The IRS have decided that a share of up to $150 billion of bitcoin trades should go to the lovely US treasury, and is now taken steps to make this happen. All the IRS is waiting for, is a judge from San Francisco judge to grant an order that will allow an audit of one of the largest US cryptocurrency exchanges “Coinbase Inc”. The ruling will open the door for the IRS to investigate files of...

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Coinbase, where is Your Customer Service!

As a writer for CryptoDaily and advocate for cryptocurrency I deal with many Exchanges and Coinbase must have been the worst. I recently had problems with Bitstamp email notification system. Basically, it was taking more than an hour to send the email confirmation and cancelling the transaction. Very annoying and as it turned out cost me money. However, after a support ticket and replied to within 12 hours saying the issue had been fixed I shrugged it off as one of those things. Fair enough, not ideal but at least they replied. With Coinbase their system said I need to...

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