In this blog we do not try to hurt the reputation of any companies or falsely accuse them, but this issue has to be brought to light before CoinMX becomes the next MtGox and causes another crash in Bitcoin. What is CoinMX CoinMX is a site that allows you to instantly buy and sell Bitcoins using your credit card. It is similar to coinbase and virwox in that it allows …
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The Problem Bitcoin and other cryptocurrencies are well known to be decentralized technologies. That means that the processing power of the network is spread across multiple points which reduces the chance of failure, security breaches, and obviously centralization. However, in this sea of decentralization there are centralized services which are powered by the distributed cryptocurrencies. One of such are exchanges. They are in essence centralized islands in a sea of …
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What is it? In simple terms CoinNext is an Altcoin Exchange. It is an exchange just like BTC-E and Bitstamp but in addition to trading Bitcoin to USD it allows for trading of other pairs of coins. It is directly comparable to Cryptsy, however it is fully transparent. What’s different? What is so different about CoinNext and why is it the next big Altcoin exchange? This time the exchange is …
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