Good news is that if you managed to sell on word of this news at 116+ like I did, you'll be able to buy back in some cheap coins soon.
If you haven't sold yet, sell now!
Bitcoins will be on sale, probably just temporarily though.
Topic: Dwolla can no longer process deposits or withdrawals to MtGox - page 8. (Read 13068 times)
Mutum Sigillum is the name of Mt Gox's Dwolla account.
Really? Then what is this? http://www.mutumsigillum.com/ 
Mutum Sigillum is the name of Mt Gox's Dwolla account.
Just talked to a few people at Dwolla, just in case anyone was panicking like myself 
It is fine to transfer funds out of the account to your bank - my biggest concern was that all this money transferred from Gox to Dwolla would somehow sit in limbo or be required to be sent back, or some crazy shit like that. That is not the case, as long as it's cleared and in your Dwolla balance, it's clear to be sent to the bank. They wouldn't give me any more details (sounds like they don't have a lot of details of why they had to suspend the accepting/sending to/from gox), but just in case anyone was wondering.
It is fine to transfer funds out of the account to your bank - my biggest concern was that all this money transferred from Gox to Dwolla would somehow sit in limbo or be required to be sent back, or some crazy shit like that. That is not the case, as long as it's cleared and in your Dwolla balance, it's clear to be sent to the bank. They wouldn't give me any more details (sounds like they don't have a lot of details of why they had to suspend the accepting/sending to/from gox), but just in case anyone was wondering.
Only temporarily. In the long run it'll be best. If Gox doesn't implode now, they surely will later at an even worse moment. This whole thing is most likely due to Gox's own incompetence and failure to act within their own self-interest and to get an effin' clue.
Yeah! So, let's start listing more competent exchanges. We can start the list with... Eh..? You start!This time it is some bureucrat in a remote fu**ed up country doing his job. Protect the banks.
The letter does not say what the title of this thread says.
It says that they will not process payments to a particular user "Mutum Sigillum LLC". Do you know who that is? Can you verify that they are not sending money to the Talibahn?
So much overreaction.
It says that they will not process payments to a particular user "Mutum Sigillum LLC". Do you know who that is? Can you verify that they are not sending money to the Talibahn?
So much overreaction.
Land of the free...
Does Dwolla work for large amounts of money? I would think that international wires are the most important.
Depends on your definition of "large". Maximum single transaction size is $5000 by default, but they say they can process up to $99MM transactions. I'm sure MtGox has received millions through their Dwolla account over the past couple of years, but I really have no idea how much per month is going in or out. My guess is that DHS has claimed it's an AML issue because 'errorism.
Might be an AML issue. Thats what coinbase was supposed to have taken care of. ooopss!
Maybe MtGox couldn't legally follow through with the customer transfer because they knew about the DHS issue, but were prohibited from telling
Hmm, looks like some people are selling - did I break the news that caused a mini-selloff? Bitcoin has survived all the SEPA withdrawal problems, and it will survive Dwolla cutoff, too.
This is such good news. Hopefully Gox will implode now.
And with it, the value of your Bitcoins, since the stream of fiat money will be gone.Careful what you wish for.
Only temporarily. In the long run it'll be best. If Gox doesn't implode now, they surely will later at an even worse moment. This whole thing is most likely due to Gox's own incompetence and failure to act within their own self-interest and to get an effin' clue.
This is such good news. Hopefully Gox will implode now.
And with it, the value of your Bitcoins, since the stream of fiat money will be gone.Careful what you wish for.
This is such good news. Hopefully Gox will implode now.
This happened to me as well (got the same message).
WHat are our options?
WHat are our options?
Coinbase for moving small amounts of USD out into US bank accounts?
How much does a bank transfer in and out of mt gox cost typically?
I've only ever used Dwolla.
What about OkPay? Is that a better option? How much does it cost?
I've only ever used Dwolla.
What about OkPay? Is that a better option? How much does it cost?
Does Dwolla work for large amounts of money? I would think that international wires are the most important.
Depends on your definition of "large". Maximum single transaction size is $5000 by default, but they say they can process up to $99MM transactions. I'm sure MtGox has received millions through their Dwolla account over the past couple of years, but I really have no idea how much per month is going in or out. My guess is that DHS has claimed it's an AML issue because 'errorism.
Might be an AML issue. Thats what coinbase was supposed to have taken care of. ooopss!
So two USA regulating bodies don't know weather bitcoin is a commodity or a currency but they simply want to regulate it, not ban, and another agency, Homeland Security, is trying to shut the whole thing down probably because someone one time mentioned it could fund terrorism.
Yeah it's the same mentality that is being 'concerned' with 3D printed guns. Bureaucrats gonna bureaucrat.
Does Dwolla work for large amounts of money? I would think that international wires are the most important.
Depends on your definition of "large". Maximum single transaction size is $5000 by default, but they say they can process up to $99MM transactions. I'm sure MtGox has received millions through their Dwolla account over the past couple of years, but I really have no idea how much per month is going in or out. My guess is that DHS has claimed it's an AML issue because 'errorism.
So two USA regulating bodies don't know weather bitcoin is a commodity or a currency but they simply want to regulate it, not ban, and another agency, Homeland Security, is trying to shut the whole thing down probably because someone one time mentioned it could fund terrorism.
Last I checked, Homeland Security kind of is in the habit of abusing it's position. But hey- who knows.
Wait, I'm confused....
People are still using Mt.Gox?
Right? How can you be so stupid and trade at the most liquid market while all the others are going down due to hacks and legal issues? Hahaha, those stupid people who need to trade large volumes, and dislike losing all of their money. People are still using Mt.Gox?
Here is a paper for you: http://fc13.ifca.ai/proc/1-2.pdf
Wait, I'm confused....
People are still using Mt.Gox?
Who else are you going to use? Everyone else has lax security or no US-customer options. People are still using Mt.Gox?
Everyone is complaining about how hard it is to get bitcoin, and I'm just sitting here acquiring bitcoin.
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