Archive for the ‘Crypto News’ Category

Cryptsy With No Minimum Coin Order Quantity Limit Anymore

22, Mar 2014

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One of the most annoying issue that Cryptsy alternative crypto currency exchange had was the minimum number of coins that you needed to have in order to be able to execute a trade. Sometimes mining for alternative crypto coins you could easily get something like 0.00123456 from a given crypto that you were not able to sell and you had to keep it on the exchange or buy more coins and then sell after meeting the minimum coin requirement. So good news if you were annoyed by the minimum order quantities that were a bit too high for some coins anyway. The only requirement now is the order total to be higher than 0.00000010 and the minimum fee for any order cannot go below 0.00000001. This could lead to some “higher fees” with very small trades, but then again you will not have to be bothered by some alternative crypto currencies with very small amount in your account balance anymore. We have finally cleared our account from a few of these such as the very little CAP that we’ve had left for quite some time.

BTCe Exchange has Announced Withdrawal of Funds to VISA and MasterCard

21, Mar 2014

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Today the BTC-E crypto currency exchange, one of the top exchanges, has announced the option to withdraw funds to VISA and MasterCard cards, regardless of the issuer of the card or the currency. There is a 5% fee associated with the service to transfer funds from the exchange to your card and currently only USD can be withdrawn. If the card is not in USD the issuing bank will automatically convert to the card’s currency based on its exchange rate. It should take 2-4 business days for the funds to be available in the card according to the exchange. Note that only Visa and MasterCard credit cards are supported, the debit cards with Maestro or VISA Electron logos are not supported by the new payout system. We have not yet tested the service, but we do plan to check it out as it offers another convenient way to get cash from selling Bitcoins or other alternative crypto currencies if the amount is not very big.

– For the full news announcement regarding the withdraw to Visa and MasterCard from BTC-E…

MtGox’s Mark Karpeles Just Tripped and Found 200000 Bitcoins

21, Mar 2014

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MtGox has announced that they were able to recover 200000 Bitcoins from an “old-format wallet used prior to June 2011”, coins that could be returned to customers that NtGox owes money to. This “miracle” sounds a lot like a popular scam scheme where customers get back some of their invested money and are happy that they get at least something and are not left completely empty handed. We do not believe in miracles where you can find so many BTCs in an old and unused wallet, just like that Mark Karpeles could also find another 650000 BTC stashed in his personal “old wallet”, coins that we will surely not announce as being found.

– If you want to read the official press release regarding the “found coins” from MtGox…


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