***** 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
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Bitcoin – The Currency of the Internet

Kucoin Issues a Warning After Bitcoin Diamond Soars 40x and Then Crashes

Ever since the arrival of bitcoin cash, forked coins have been en vogue. While BCH has succeeded in gaining traction, not only on exchanges, but also in the real world, the stragglers have struggled. There is little evidence that the likes of bitcoin gold and bitcoin diamond are used for anything other than …
Google Alert – bitcoin

Malware warning: Bitcoin.com wallet needs a network connection for generating new keys. This should not be the case! Possibly this wallet is going to steal your bitcoins.


Roger Ver alias /u/memorydealers who owns and operates bitcoin.com does not explain why this wallet behaves this way.

Anyway, there is no reason! If a wallet cannot generate a private key due to missing network connection, it is either due to malware or due to incapable developers. Both is bad for a Bitcoin wallet, so stay away!

submitted by /u/Amichateur
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Bitcoin – The Currency of the Internet

**WARNING:** the /r/lightningnetwork subreddit is a fake created by a BCash fan (u-JCFY) who only posts in /r/btc and hates Bitcoin & LN, to spread FUD

/u/auviewer posted a link to it earlier today that was highly upvoted and encouraging people to subscribe there to help them out. I don't think he realized at the time that it wasn't a real subreddit about LN but rather a place for moderator JCFY (who only posts in BCash subreddit /r/btc) to spread FUD and misinformation about Bitcoin and the Lightning Network. Feel free to go look at the small handful of posts over there if you want to see the kind of nonsense /r/btc and BCash are resorting to these days, but please warn everyone that it's definitely not an official subreddit for LN. Instead it's run by someone who wants to destroy Bitcoin and LN.

submitted by /u/nomad_delta
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Bitcoin – The Currency of the Internet

FCA Issues Warning Regarding Cryptocurrency CFDs (news.bitcoin.com)

The United Kingdom’s Financial Conduct Authority (FCA) has published a warning aimed at retail investors who may be considering or soliciting cryptocurrency CFDs (contracts for difference). The U.K. regulator emphasized the risks associated with the price volatility, charges and funding costs, leveraged trading products, and price transparency, asserting that such may manifest in the cryptocurrency CFD markets.
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