Archive for the ‘Crypto News’ Category

btc-robot-automated-bitcoin-trading-robot-report

If you have been following our reviews of automated trading solutions for crypto currency trading, they you’ve probably seen our review of the BTC Robot automated Bitcoin trading robot. One of the things we have noted in our review is that the trading strategy utilized in the robot has relied on data form MtGox and that is not anymore possible with the current situation with MtGox. However the authors of the software have already announced that they have implemented a change in the software, so that it will still be fully functional and making profit from automated trading on the BTC-E crypto exchange (the only exchange supported). Apparently Mtgox has been replaced by Bitstamp some time ago in BTC Robot trading algorithms, so the issues with MtGox should not affect the robot in any way.

As we have already reported in our review, we are recommending to go for the plans where you get the robot cloud hosted and not in a downloadable form as we’ve had some trouble with it. Also note that our review of the product coincided with the start of the trouble that MtGox had before completely closing down, so our trading experience with the automated trading robot was not too positive. But if you are interested in trying it out, then you may do so now that it no longer relies on MtGox data. We have also tested the 60 day money back guarantee and it works, though it may take 2-3 days for you to get your payment back if you are not happy with the software. This kind of works as a kind of trial mode for the BTC Robot automated Bitcoin trading robot, so you can try it for a bit and if you are not happy with the software or the results to get your money back. Another thing that we still haven’t tried is a version of the automated trading software for trading Litecoin called LTC Robot that you can also get either as bonus with the BTC trading software or for a little extra on top for what you pat for the Bitcoin trading product.

For more information about the BTC Robot automated Bitcoin trading software…

mtgox-ceo-statement-update

The official website of MtGox has been updated today with a short statement signed by the company’s CEO Mark Karpeles, though it does not say much on the situation it is still something to note that they have not completely disappeared, or at least are trying to make us think like that…

Dear MtGox Customers,

As there is a lot of speculation regarding MtGox and its future, I would like to use this opportunity to reassure everyone that I am still in Japan, and working very hard with the support of different parties to find a solution to our recent issues.

Furthermore I would like to kindly ask that people refrain from asking questions to our staff: they have been instructed not to give any response or information. Please visit this page for further announcements and updates.

Sincerely,
Mark Karpeles

mtgox-website-update

The website of MtGox has been updated, so it is no more just a blank page, though there is not much info to clear up the situation and what exactly is going on. Below is a quote of the information currently available on the website:

Dear MtGox Customers,

In light of recent news reports and the potential repercussions on MtGox’s operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.

Best regards,
MtGox Team


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