Large Mining Farm Discovered in Abandoned Russian Factory (

A large illegal facility for mining bitcoin was discovered by police in the Russian city of Orenburg. The farm has been set up on the premises of an abandoned factory. The masterminds of the crypto project have stolen electricity worth 60 million rubles. They risk years of imprisonment.   
Also read: Bitmain Opens Repair Center in Russia


Half of Large British Businesses Hold Stockpiles of Cryptocurrency (

A new poll of IT mangers at large UK businesses found that exactly half keep stockpiles of cryptocurrency for various reasons. Unlike what some might imagine, only a very small fraction of the companies that are holding bitcoin claim to be doing so as preparation for a ransomware attack.

Also Read: Coinbase Develops


***** WARNING ****** DO NOT SEND ANY (LARGE) SUMS TO COINBASE. $40,000 wire transfer missing since 12/18 with ZERO response

The question is- why would you ever trust this company? How do you not reach out to a customer who trusted you with this amount of money? Is this who you want to be dealing with if/ when the shit really hits the fan in the cryptocurrency space ? It is a total sham(e), I would have absolutely been a customer, and likely an active one long term. For all those who have had positive experiences with Coinbase- that's great, but don't assume it will not happen to you at some point, especially when liquidity goes to hell after a crash. If they can't help a newer customer willing to put in a large amount of funds, why will they help those who put in less. No, I did not deposit this amount without depositing a smaller amount first, which went through, so assumed the systems were fine, and hey worst case the wire is rejected …. WRONG. Don't assume it won't happen to you!! Yes I filed a CFPB and state Financial Institutions complaint. Yes I called a zillion times. Yes I did everything they instructed on their "customer support" site. Never in my wildest dreams did I think this could happen in this country. This company has reared its ugly face as a total fraud and/or perhaps a total Ponzi scheme. How in the world do you return other wires from 5 days ago before addressing ones from more than a month ago, never mind the amount! Let this be a warning to you all, I would not wish this on ANYONE.

ADDENDUM: I attempted to transfer to my GDAX account, but the wire goes through the associated Coinbase account, and shows up as a Coinbase deposit (had transferred funds before), hence the references to Coinbase.

submitted by /u/suasponte26
[link] [comments]
Bitcoin – The Currency of the Internet

Bitcoin Price Analysis: Bitcoin Poised for a Potentially Large Market Move

Over the last month, bitcoin has seen large swings in price as the bulls scramble to call the bottom and the bears scramble to call the top of the market. The market saw a 50% retracement a few weeks ago, leading the bullish investors to “buy the dip” only to see it quickly top out and retrace again.
Google Alert – bitcoin

(AMA) I work for JP Morgan, and I'm the one who moves a large portion of the $6 trillion we move every day. About half of us in JPM treasuries own bitcoin. (

I originally put a post up with a picture that was very revealing of my job, I don’t want any lawsuits so I removed it. But I will be quitting at the end of this year due to my CEO’s comments.


PSA: Coinbase large transfer 72 hour mandatory delay period. Move your coins now. You are out of time.

Folks, Coinbase has a 72 hour delay period if you are moving a considerable amount of coins off their exchange. If you plan on moving coins off before the fork, please do it right now. I did. I'm delayed. I want to help others not miss the end of month deadline. Cheers.

submitted by /u/American_Pegasaurus
[link] [comments]