Tag:coinbase

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Why you can’t cash out pt 2: Bitcoin and Know Your Customer/Anti-Money Laundering laws (KYC/AML)
Why you can’t cash out pt 1: Why Bitcoin’s “price” is largely fictional

Public discussion and media coverage of Bitcoin assumes certain things about Bitcoin:
• Bitcoin has a price, that you could expect to buy or sell it around.
• Bitcoin is like buying a share in a company, or a commodity like gold — the market works the same way.
• Bitcoin is liquid — you can easily convert your money to Bitcoin, and your Bitcoin to money.
None of these are true.
[Read more …]

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News: Coinbase payout trouble, CFTC vs CME and CBOE Bitcoin futures, Bitfinex and Bitfinexed