Bitcoin $781.41
- Thread starter MadJack
- Start date
opcorn2
- Feb 26, 2001
- 13,593
- 164
- 63
Interesting read..if credible?.
Interesting read..if credible?.
http://www.zerohedge.com/news/2017-...d-bankroll-said-be-manipulating-bitcoin-price
Interesting read..if credible?.
http://www.zerohedge.com/news/2017-...d-bankroll-said-be-manipulating-bitcoin-price
sold all iotas at 0.61, falling like a rock:
Service Changes for U.S. Customers
August 11, 2017
Bitfinex is making changes to the services we provide to U.S. individuals. These changes impact the verification process and trading of certain digital tokens for U.S. customers. Some changes are effective immediately, and others will be gradually implemented in the coming weeks.
Suspension of U.S. Individual Verification Requests
We regret to announce that, effective immediately, we will no longer be accepting verification requests for U.S. individuals.
We have for some time considered pulling away from the retail marketplace in the U.S., and now with a current backlog of verification requests and ongoing difficulties in providing USD deposit and withdrawals for U.S. individuals, we feel that the time has come to begin disengaging from U.S. retail customers.
Several factors have gone into this decision:
While we have been able to normalize banking for some corporate customers and individuals in certain jurisdictions, compliant banking solutions for U.S. individuals remain elusive. We have been slowly and selectively inviting users in particular jurisdictions who meet set criteria to start using banking channels that have come online. This process is ongoing. A surprisingly small percentage of our revenues come from verified U.S. individual accounts while a dramatically outsized portion of our resources goes into servicing the needs of U.S. individuals, including support, legal and regulatory. We anticipate the regulatory landscape to become even more challenging in the future. Bitfinex is not based in the United States. Exchanges based in the U.S. are better positioned to properly service retail U.S. customers. We are thankful to all of our loyal U.S. customers that have consistently traded with us but, unfortunately, we have an obligation to our whole customer base and to our shareholders to make rational resource allocation decisions.
Furthermore, over the next 90 days, we will be discontinuing services to our existing U.S. individual customers. We will be communicating further with affected users on timing and specifics. Our intention is to reduce disruption as much as possible for our U.S. customers.
We will continue to take advice and implement further changes as circumstances warrant.
Restrictions on U.S. Persons Trading Certain Digital Tokens
Pursuant to the recent report of investigation issued by the U.S. Securities and Exchange Commission, Bitfinex is taking the proactive step of barring U.S. customers from trading certain digital tokens that may be deemed securities in the eyes of the SEC.
The restriction will generally apply to ERC20 tokens issued through "ICOs" and will go into effect at noon UTC on Wednesday, August 16, 2017. No trading of these tokens will be allowed for U.S. customers. At the time of this post, the tokens active on Bitfinex that will be subject to this restriction are EOS (EOS) and Santiment (SAN).
Once again, we regret any inconvenience this change in policy might create, but we believe this to be a prudent measure given the regulatory uncertainty surrounding such digital assets.
I guess other exchanges will follow ?
Interesting to see what now happens to Iota because bitfinex was only larger exchange for them. i guess i just by iotas back after they go to .30 or so
:shrug:
what an coincident, that iotas price sky rocketed this week :SIB
Service Changes for U.S. Customers
August 11, 2017
Bitfinex is making changes to the services we provide to U.S. individuals. These changes impact the verification process and trading of certain digital tokens for U.S. customers. Some changes are effective immediately, and others will be gradually implemented in the coming weeks.
Suspension of U.S. Individual Verification Requests
We regret to announce that, effective immediately, we will no longer be accepting verification requests for U.S. individuals.
We have for some time considered pulling away from the retail marketplace in the U.S., and now with a current backlog of verification requests and ongoing difficulties in providing USD deposit and withdrawals for U.S. individuals, we feel that the time has come to begin disengaging from U.S. retail customers.
Several factors have gone into this decision:
While we have been able to normalize banking for some corporate customers and individuals in certain jurisdictions, compliant banking solutions for U.S. individuals remain elusive. We have been slowly and selectively inviting users in particular jurisdictions who meet set criteria to start using banking channels that have come online. This process is ongoing. A surprisingly small percentage of our revenues come from verified U.S. individual accounts while a dramatically outsized portion of our resources goes into servicing the needs of U.S. individuals, including support, legal and regulatory. We anticipate the regulatory landscape to become even more challenging in the future. Bitfinex is not based in the United States. Exchanges based in the U.S. are better positioned to properly service retail U.S. customers. We are thankful to all of our loyal U.S. customers that have consistently traded with us but, unfortunately, we have an obligation to our whole customer base and to our shareholders to make rational resource allocation decisions.
Furthermore, over the next 90 days, we will be discontinuing services to our existing U.S. individual customers. We will be communicating further with affected users on timing and specifics. Our intention is to reduce disruption as much as possible for our U.S. customers.
We will continue to take advice and implement further changes as circumstances warrant.
Restrictions on U.S. Persons Trading Certain Digital Tokens
Pursuant to the recent report of investigation issued by the U.S. Securities and Exchange Commission, Bitfinex is taking the proactive step of barring U.S. customers from trading certain digital tokens that may be deemed securities in the eyes of the SEC.
The restriction will generally apply to ERC20 tokens issued through "ICOs" and will go into effect at noon UTC on Wednesday, August 16, 2017. No trading of these tokens will be allowed for U.S. customers. At the time of this post, the tokens active on Bitfinex that will be subject to this restriction are EOS (EOS) and Santiment (SAN).
Once again, we regret any inconvenience this change in policy might create, but we believe this to be a prudent measure given the regulatory uncertainty surrounding such digital assets.
I guess other exchanges will follow ?
Interesting to see what now happens to Iota because bitfinex was only larger exchange for them. i guess i just by iotas back after they go to .30 or so
:shrug:
what an coincident, that iotas price sky rocketed this week :SIB
Last edited:
No one answered my question about should I keep my alt coins that I posted, which I have lost 30% of investment on, OR move them to Bitcoin, which they would have gained over 60% value in less than 2 weeks :shrug:
I do not really understand the alt coin world, would love to and hit lottery like money, so I am gonna go buy me some lottery tickets :142smilie
Appreciate advice/input but hate seeing them drop almost daily and bitcoin doing incredible leaps and Woody is predicting even more. :0008
this is my current list of alt coins ... buy or trade for bitcoin?
DGB
ETC
LBC
LSK
SC
STRAT
SYS
VIA
I do not really understand the alt coin world, would love to and hit lottery like money, so I am gonna go buy me some lottery tickets :142smilie
Appreciate advice/input but hate seeing them drop almost daily and bitcoin doing incredible leaps and Woody is predicting even more. :0008
this is my current list of alt coins ... buy or trade for bitcoin?
DGB
ETC
LBC
LSK
SC
STRAT
SYS
VIA
doesn't matter what people answer, they know as much as you (well, close)
i have split my crypto holdings like this
1/4 bitcoin
1/4 etherium
1/4 iota (currently iota/eth and iota/btc)
1/4 daily play wallet
if you really except lottery like win, get those tickets then :lol:
