Tag: cryptsy

Cryptopolis Altcoin Exchange Is A Cryptsy Clone

On paper, everyone in the world can start their own digital currency exchange, as long as there is no fiat currency involved. In reality, however, that may prove to be a bit more problematic, depending on how one’s country deals with regulating Bitcoin and other virtual currencies. Cryptopolis looks very much like the now defunct Cryptsy exchange, although they have some very questionable markets and coins listed there. Also read: …
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Cryptsy served us a Cease and Desist when we tried warning users of problems

Back in October, 2015 when the public was still unaware of Cryptsy’s underlying problems we wrote an article warning users of depositing funds to Cryptsy because they might face potential problems withdrawing those funds. Due to numerous posts on Bitcointalk we decided to bring user’s complaints to light and shed light on potential problems that Cryptsy was facing. We titled the article Do Not Deposit to Cryptsy – gone gull MtGox. …
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CEO of Cryptsy Claims Massive Bitcoin Heist Crippled his Exchange

A recent blog post by Paul Vernon, CEO Cryptsy, is alleging that the exchange suffered a massive hack in July of 2014. Vernon claims that the hacker was the developer of Lucky7Coin, an alternative digital currency that had an IRC Trojan embedded in the code of the wallet that resided on Cryptsy’s servers. “After a period of time of investigation it was found that the developer of Lucky7Coin had placed …
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Cryptocurrency Exchange Operators Need To Vet Altcoin Source Code Before Adding Coins

Running a successful cryptocurrency exchange is not as easy as people might assume. Not only will operators have to keep an eye on the servers and trading engine to make sure everything runs smoothly, but new coins will have to be added over time as well. However, that doesn’t mean just any altcoin should be added, especially not without vetting the source code. Also read: Bitcoin Is The Answer To …
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