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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33756. (Read 26713514 times)

sr. member
Activity: 350
Merit: 250
This account was recently hacked
legendary
Activity: 1106
Merit: 1026
The MtGox queue is also over now, the said they are caught up.

So now everyone can cash out, instead of being trapped in MtGox. Great.  Tongue

Account verification is also required to transfer money to Gox via SEPA.
sr. member
Activity: 434
Merit: 250
legendary
Activity: 1458
Merit: 1006
Quote from: Betabeat
Update: Here is what Mt. Gox sent us in response to a request for comment:

Thank you for the email. We can see that the Dwolla transactions are not getting processed right now. We will contact Dwolla and post an announcement regarding this. Your patience is appreciated till then.

http://betabeat.com/2013/05/department-of-homeland-security-shuts-down-dwolla-payments-to-and-from-mt-gox/
sr. member
Activity: 420
Merit: 250
If this isn't in relation to the court case, then what?

No telling, but it's not the first time DHS has shot first and asked questions later.

Perhaps they were alerted by suspicious transaction reports filed by Gox's U.S. banks or banks wiring to them in Japan. Gox has said that the amount of money flowing into the exchange has increased dramatically, and those kinds of changes to funds flow are certainly a red flag for bureaucrats.
legendary
Activity: 1442
Merit: 1000
Antifragile
So far the "news" is from Dwolla and that is it. It doesn't sound sinister.
What news about any other payment providers outside of Dwolla? What are you talking about?
The MtGox queue is also over now, the said they are caught up.

You've only heard it from Dwolla. DHS serving a US District Court Order preventing Dwolla, but no other institutions, from doing business with Gox's US arm? Possible, but unlikely imo.

Thx - Isn't Dwolla on the small side regarding funding? And do most Americans fund through an American payment provider or are they transferring funds to Japan?
I'm wondering why we haven't heard anything from other funders.
legendary
Activity: 2271
Merit: 1363
The MtGox queue is also over now, the said they are caught up.

So now everyone can cash out, instead of being trapped in MtGox. Great.  Tongue

Or withdraw their coins faster. Verification works that way , too. :-p
member
Activity: 84
Merit: 10
So far the "news" is from Dwolla and that is it. It doesn't sound sinister.
What news about any other payment providers outside of Dwolla? What are you talking about?
The MtGox queue is also over now, the said they are caught up.

You've only heard it from Dwolla. DHS serving a US District Court Order preventing Dwolla, but no other institutions, from doing business with Gox's US arm? Possible, but unlikely imo.
sr. member
Activity: 434
Merit: 250
The MtGox queue is also over now, the said they are caught up.

So now everyone can cash out, instead of being trapped in MtGox. Great.  Tongue
legendary
Activity: 1442
Merit: 1000
Antifragile
Can you at least speak in facts? We are witnessing bad news just get eaten up by buys. Amazing, and that is all you can say?

How about we just try to be realists and not Bulls or Bears? This is interesting lab work right now.  Wink

Facts are if the move on Gox comes from the US Government and severely interferes/destroys Gox's ability to process US transactions then you're going to see this "amazing" phenomenon amount to one massive bull trap within 48 hours.

So far the "news" is from Dwolla and that is it. It doesn't sound sinister.
What news about any other payment providers outside of Dwolla? What are you talking about?
The MtGox queue is also over now, the said they are caught up.
sr. member
Activity: 260
Merit: 250
DOJ is under the DHS, right?. If this isn't in relation to the court case, then what?
No, they are both cabinet level departments.
member
Activity: 84
Merit: 10
DOJ is under the DHS, right?. If this isn't in relation to the court case, then what?

If DHS served a Court Order obtained in US Court in Maryland that is not related to a civil action, then it's most likely an Order resulting from a criminal complaint by some US Government body against Gox.

I can't imagine any other scenarios for DHS to serve an Order to a payment processor requiring they cease business with Gox's US arm.
legendary
Activity: 1106
Merit: 1026
legendary
Activity: 1246
Merit: 1000
Will there be more waves of sell off just like last time MtGox was sued. Huh

Who knows... sell and find out. Wink
newbie
Activity: 39
Merit: 0
It's really not the Coinlab lawsuit. For that to be the case, Mt. Gox would have had to have:

1. Been served;
2. Replied to the complaint (If you don't reply to the complaint before the deadline you'll lose automatically when Plaintiff files a motion for default judgment, nothing happens until you reply); and
3. Coinlab's attorneys would have to have made an ex parte motion for an injunction (if it was a motion on notice it would be scheduled weeks in advance), and won.

Furthermore, I highly doubt DHS would be serving an injunction in a civil action.

You could see huge news about Gox's US operations being targeted by a DOJ complaint this week.

DOJ is under the DHS, right?. If this isn't in relation to the court case, then what?
full member
Activity: 238
Merit: 100
Will there be more waves of sell off just like last time MtGox was sued. Huh
member
Activity: 84
Merit: 10
Can you at least speak in facts? We are witnessing bad news just get eaten up by buys. Amazing, and that is all you can say?

How about we just try to be realists and not Bulls or Bears? This is interesting lab work right now.  Wink

Facts are if the move on Gox comes from the US Government and severely interferes/destroys Gox's ability to process US transactions then you're going to see this "amazing" phenomenon amount to one massive bull trap within 48 hours.
legendary
Activity: 1246
Merit: 1000
On a personal drama note, I tried to ride the wave of dumps by short selling BTC and instead ended up having to buy back at same price while losing a coin in fees. Bummer.

LOL I thought I was the only one bad at these things. Tongue Well actually I've made a 0.011 BTC net profit from this sell off.. but still I feel like an amateur at this. Sad
legendary
Activity: 1442
Merit: 1000
Antifragile
It's really not the Coinlab lawsuit. For that to be the case, Mt. Gox would have had to have:

1. Been served;
2. Replied to the complaint (If you don't reply to the complaint before the deadline you'll lose automatically when Plaintiff files a motion for default judgment, nothing happens until you reply); and
3. Coinlab's attorneys would have to have made an ex parte motion for an injunction (if it was a motion on notice it would be scheduled weeks in advance), and won.

Furthermore, I highly doubt DHS would be serving an injunction in a civil action.

You could see huge news about Gox's US operations being targeted by a DOJ complaint this week.

But something doesn't make sense. FinCen isn't going after BTC, nor is any other government agency. Why now the DHS? The take down sports web sites! Just what Hitler envisioned they would do. LOL
legendary
Activity: 1442
Merit: 1000
Antifragile
Looks to be stabilizing.

Just before the next dive.

Can you at least speak in facts? We are witnessing bad news just get eaten up by buys. Amazing, and that is all you can say?

How about we just try to be realists and not Bulls or Bears? This is interesting lab work right now.  Wink
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