News

  • 2011-6-7 BMBTC/PPUSD Update

    We were able to seize about 5 BTC from the fraudulent accounts. This is roughly equivalent to the sum of the transaction fees charged on these trades. Therefore, we've decided to issue transaction fee refunds on all fraudulent transactions. We realize this is a small compensation, but it is the fairest form of distribution that we can imagine. Members should see the deposit in their account in the next couple of days.

  • 2011-6-7 BMBTC/PPUSD Update

    For news on the recent events concerning BMBTC/PPUSD please see the topic at bitcoin.org

  • 2011-6-7 - New Email Addresses

    We are consolidating our email addresses. Only two will be responsive after 6/7. They are support@bitcoinmarket.com and trade@bitcoinmarket.com

  • 2011-6-4 - Suspending BMBTC/PPUSD Trades

    BMBTC/PPUSD trades are suspended until further notice. The email issues along with fraudulent behavior has created a tremendous backlog of 'Unconfirmed' BMBTC/PPUSD trades. We must suspend new orders for BMBTC/PPUSD until we can resolve these trades and bring the situation under control. We appreciate your patience.

  • 2011-6-4 - Going Back To Invitations

    We are moving back to 'invitation only' while we bring the fraudulent behavior down to a more manageable level.

  • 2011-6-2 - Email Issues (Resolved)

    Due to heightened activity, we have reached our daily limit with gmail. We will be unable to send email for the next 24 hours. You can still view your trade contracts from the My Trades tab. We will correct this issue as soon as possible.

  • 2011-5-31 - PayPal Deposits

    We do not accept PayPal deposits! Here is an explanation.

  • 2011-5-19 - Open Registration

    You may currently sign up without an invitation.

  • 2011-3-16 - Stable / Accounts and Data Transferred

    The new site is stabilizing. Accounts which still had balances at the old site have been transferred. Trade data for the old site can be found on the Resource & Tools page. The old site is now closed.

  • 2011-3-3 - Market Now Open

    Tuesday was a disaster. A major bug made most BMBTC/BMUSD trades invalid. Several minor bugs made BMBTC/PPUSD trading impossible for many. I've been busy correcting these issues and I believe I've got a new version that will work. Unfortunately, all BMBTC/BMUSD trades from 2011-3-01 must be canceled. However, the market is now open. It may take a day before I'm able to answer all emails.

  • 2011-3-1 - Opened For Business

    The new site is officially opened! The old site is still available at https://98.168.171.31/. If you have Bitcoins deposited at the old site, you should move them here. It will take time for us to transfer them for you. An explanation for commissions and fees is available here.

  • 2011-2-7 - Escrow Trading Open

    Six more currency pairs are available. These are for escrow trading (the counter currency is sent directly from the buyer to the seller). There is also an option to accept open orders for escrow currency pairs directly. To do so, select 'Accept An Existing Order' on the 'My Orders' tab.

  • 2011-2-1 - Going Live!

    Real trading of BMBTC/BMUSD and BMBTC/BMGAU is now available!

  • 2011-1-13 - More testing needed

    More testing is needed. I'd like to have real trading functional for two currency pairs by the end of January. These will be 'BMBTC/BMUSD' and BMBTC/BMGAU'. Recent changes to order validation... Accounts may go negative after executing trades, but every attempt is made to prevent this. If an account goes negative, another order must be placed to bring it above negative. Otherwise, withdraws and payments are disabled for all accounts. Numerous changes have been made to the code for easier configuration. Some new bugs may be present.

  • 2011-1-4 - Changed currency pairs

    Merged the processor to the currency pair as a two character prefix. Hopefully, this will make sense. An explanation is here. Added a basic order form, but I'm still seeking input on how it should look and what it should have. Need testing for Stop and Stop Limit order types. I reset most of the database.

  • 2011-1-1 - Now Beta Testing

    The top priorities... Hunting down possible exploits, check input validation, fix basic bugs, and enhance the user interface. If you'd like to help, contact us directly or ask another member for an invitation.

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