Topic: Withdrawal Issues, KYC/AML and cryptocurrency exchange regulations in 2019 - page 2. (Read 746 times)
March 28, 2019, 01:58:14 PM
I think at the moment Binance is friendly exchange as it s rules about trading,depositing and withdrawing fund are very simple and the best as 02 BTC withdrawal is enough for non verified account. But some exchanges like Bittrex need KYC for trading too and deposing to,
March 28, 2019, 01:42:17 PM
Zebpay Bitcoin Exchange has added support for Lightning-payments
Zebpay Cryptocurrency Exchange made Bitcoin payments available on the Lightning Network (LN).
To make the new option available, Zebpay users need to go into the wallet and activate it in the ‘Lightning’ tab. After that, it will be possible to make LN-payments for amounts from 1 Satoshi to 0.001 BTC.
Zebpay Cryptocurrency Exchange made Bitcoin payments available on the Lightning Network (LN).
To make the new option available, Zebpay users need to go into the wallet and activate it in the ‘Lightning’ tab. After that, it will be possible to make LN-payments for amounts from 1 Satoshi to 0.001 BTC.
March 27, 2019, 09:15:20 AM
CoinBene reported users’ funds are safe, but doubts remain
CoinBene, a cryptocurrency exchange that was in the spotlight of community attention due to unplanned technical work, said that user funds are safe.
However, representatives of the platform did not inform when the technical work would be completed. At the moment, according to users, the withdrawal of BTC, USDT and ETH has been resumed, but the situation with ERC-20 tokens remains uncertain.
CoinBene, a cryptocurrency exchange that was in the spotlight of community attention due to unplanned technical work, said that user funds are safe.
However, representatives of the platform did not inform when the technical work would be completed. At the moment, according to users, the withdrawal of BTC, USDT and ETH has been resumed, but the situation with ERC-20 tokens remains uncertain.
March 26, 2019, 10:57:40 AM
There really are problems, and they will be especially in people who have gone through KYC, which is now received by a very large number of people. I hope that they will still remove the KYC process, which lately is not relevant at all, you understand that all this is nothing more than just a process for deceivers.
March 26, 2019, 10:52:47 AM
DragonEx Cryptocurrency Exchange hacked
Singapore Bitcoin Exchange DragonEx reported that on March 24 it became the object of a successful hacker attack, during which both user funds and digital assets of the platform were stolen. The amount of damage remains unknown, but the exchange has promised to take responsibility for the return of funds.
At the moment, it was possible to return some of the funds, but the platform’s activities have been temporarily suspended. As part of the investigation, the addresses were identified, on which the stolen funds were transferred. DragonEx called on other exchanges to track financial flows and, if possible, freeze assets.
Singapore Bitcoin Exchange DragonEx reported that on March 24 it became the object of a successful hacker attack, during which both user funds and digital assets of the platform were stolen. The amount of damage remains unknown, but the exchange has promised to take responsibility for the return of funds.
At the moment, it was possible to return some of the funds, but the platform’s activities have been temporarily suspended. As part of the investigation, the addresses were identified, on which the stolen funds were transferred. DragonEx called on other exchanges to track financial flows and, if possible, freeze assets.
March 25, 2019, 11:39:29 AM
Sponsored by Yahoo! Japanese cryptocurrency exchange Taotao will start in May
The Japanese cryptocurrency exchange Taotao (formerly BitARG), 40% of which belongs to a division of Yahoo! Japan will start trading in a limited number of cryptocurrency pairs in May.
Initially, users will have access to Bitcoin and Ethereum trading, as well as the ability to open margin positions on Litecoin, Bitcoin Cash and XRP.
The Japanese cryptocurrency exchange Taotao (formerly BitARG), 40% of which belongs to a division of Yahoo! Japan will start trading in a limited number of cryptocurrency pairs in May.
Initially, users will have access to Bitcoin and Ethereum trading, as well as the ability to open margin positions on Litecoin, Bitcoin Cash and XRP.
March 20, 2019, 12:10:33 PM
Bithumb will cut half the staff
Cryptocurrency exchange is experiencing financial difficulties due to lower trading volumes.
Of the 310 employees of the South Korean Stock Exchange Bithumb, only 150 people will remain in the company. The leaders of the platform said that the reduction will be voluntary and will affect only those who independently decided to change their place of business. However, the employees themselves do not explain the reasons.
Cryptocurrency exchange is experiencing financial difficulties due to lower trading volumes.
Of the 310 employees of the South Korean Stock Exchange Bithumb, only 150 people will remain in the company. The leaders of the platform said that the reduction will be voluntary and will affect only those who independently decided to change their place of business. However, the employees themselves do not explain the reasons.
March 19, 2019, 01:11:10 PM
GATECOIN STOPS WORK ON THE COURT'S DECISION
Last fall, Gatecoin signed an agreement with another provider, but the previous provider managed to block a significant amount of funds. Lawyers of the organization said that the chances for the return of all assets are incredibly small.
After that, the cryptocurrency exchange faced with the fact that it was not able to fulfill its obligations. On Wednesday, March 13, the court ordered the trading platform to proceed to the liquidation phase.
Last fall, Gatecoin signed an agreement with another provider, but the previous provider managed to block a significant amount of funds. Lawyers of the organization said that the chances for the return of all assets are incredibly small.
After that, the cryptocurrency exchange faced with the fact that it was not able to fulfill its obligations. On Wednesday, March 13, the court ordered the trading platform to proceed to the liquidation phase.
March 18, 2019, 01:14:06 PM
The terms of compensation to customers of the Cryptopia
The New Zealand Cryptocurrency Exchange Cryptopia, which suffered from hackers in mid-January, sent letters to customers describing the circumstances of the hacking and their further actions.
According to the site’s management, Cryptopia Loss Marker (CLM) tokens will be credited to affected users ’accounts, which are records in the database.
Cyptopia expects to proceed with the payment of compensation and resume trading until the end of March after the completion of the necessary legal procedures.
Also today, March 18, the exchange has temporarily resumed trading. Given that this was not preceded by an official announcement, experts suggest that the auction was launched in test mode. To date, the trades have been stopped, their daily volume amounted to slightly more than 10 BTC.
The New Zealand Cryptocurrency Exchange Cryptopia, which suffered from hackers in mid-January, sent letters to customers describing the circumstances of the hacking and their further actions.
According to the site’s management, Cryptopia Loss Marker (CLM) tokens will be credited to affected users ’accounts, which are records in the database.
Cyptopia expects to proceed with the payment of compensation and resume trading until the end of March after the completion of the necessary legal procedures.
Also today, March 18, the exchange has temporarily resumed trading. Given that this was not preceded by an official announcement, experts suggest that the auction was launched in test mode. To date, the trades have been stopped, their daily volume amounted to slightly more than 10 BTC.
March 11, 2019, 01:05:03 PM
The problems that are happening now with KYC and people who still send their documents really, it’s obvious that their documents will simply be resold to places that pay money for it. You must understand this.
March 11, 2019, 01:02:45 PM
Poloniex cryptocurrency exchange reduces transaction fees
The cryptocurrency exchange Poloniex announced a sharp reduction in transaction fees for users since March 6, 2019.
Thus, Poloniex has become a cryptocurrency exchange, with the lowest transaction fees compared to other US platforms.
The purpose of the changes is to create conditions under which traders will pay significantly less with the implementation of most transactions with digital assets. In some cases, the commission will be generally zero.
Many users of social networks enthusiastically responded to the minimization of transaction fees and trade optimization. But there are also users who have announced that the administration of the Poloniex exchange is allegedly misleading its customers, since minimal trading fees already exist for many operations at this platform, and the new exchange hasn’t offered anything to traders yet.
The cryptocurrency exchange Poloniex announced a sharp reduction in transaction fees for users since March 6, 2019.
Thus, Poloniex has become a cryptocurrency exchange, with the lowest transaction fees compared to other US platforms.
The purpose of the changes is to create conditions under which traders will pay significantly less with the implementation of most transactions with digital assets. In some cases, the commission will be generally zero.
Many users of social networks enthusiastically responded to the minimization of transaction fees and trade optimization. But there are also users who have announced that the administration of the Poloniex exchange is allegedly misleading its customers, since minimal trading fees already exist for many operations at this platform, and the new exchange hasn’t offered anything to traders yet.
March 10, 2019, 03:01:33 PM
Coinbase acknowledged the sale of its customers' data to third-party resources
Coinbase’s institutional sales director said that the company's acquisition of a start-up company Neutrino that led to users' protests and the launch of #DeleteCoinbase, was a necessary measure after one of the exchange’s partners broke the rules of cooperation.
One of the current platform vendors was selling the company's customer data to external sources, so the purchase of a controversial blockchain project is an attempt to make the platform more secure.
Coinbase’s institutional sales director said that the company's acquisition of a start-up company Neutrino that led to users' protests and the launch of #DeleteCoinbase, was a necessary measure after one of the exchange’s partners broke the rules of cooperation.
One of the current platform vendors was selling the company's customer data to external sources, so the purchase of a controversial blockchain project is an attempt to make the platform more secure.
March 07, 2019, 02:11:44 PM
THE COURT HAS ADDED QUADRIGACX 45 DAYS TO SEARCH FOR CURRENCY ASSETS
The Canadian court granted the QuadrigaCX cryptocurrency exchange, which has lost access to users' funds for $ 190 million, for another 45 days to search for missing assets.
In addition, the court ordered the Amazon Web Services cloud service to transfer data stored in the personal account of former QuadrigaCX CEO Gerald Cotten.
The next hearing is scheduled for April 18th.
Earlier, EY reported that the six cold wallets of the exchange, where, as expected, tens of millions of dollars were stored, were empty, and the average monthly total balance on accounts from 2014 to 2018 was 124 BTC (about $ 460 thousand)
The Canadian court granted the QuadrigaCX cryptocurrency exchange, which has lost access to users' funds for $ 190 million, for another 45 days to search for missing assets.
In addition, the court ordered the Amazon Web Services cloud service to transfer data stored in the personal account of former QuadrigaCX CEO Gerald Cotten.
The next hearing is scheduled for April 18th.
Earlier, EY reported that the six cold wallets of the exchange, where, as expected, tens of millions of dollars were stored, were empty, and the average monthly total balance on accounts from 2014 to 2018 was 124 BTC (about $ 460 thousand)
March 05, 2019, 11:31:48 AM
I think if you pay attention to the fact that today there are a huge number of people who, all the same, are very serious about how the cryptocurrency is legalized today, I do not think that they will have questions on KYC, although the question here is exclusively in security.
March 05, 2019, 11:26:05 AM
Cryptopia "soft" restart
Finally, the New Zealand cryptocurrency exchange Cryptopia starts working, although in a limited "soft" mode, allowing users to just log in accounts.
Until users cannot trade or do anything, they will simply see their balances. It is also impossible to make deposits or withdraw funds from the exchange.
Users can no longer know how much money has been stolen from them, as balances show balances as of January 14, 2019, which were before the theft. As if no one had stolen anything.
For now, Cryptopia has uploaded “all balances before hacking”.
On March 5, Cryptopia announced that users can log in and change their passwords, as well as reset their two-factor authentication data (2FA). The exchange also stated that it is completing the process of compensation payments for users affected by the hacking.
Great news especially for those who have funds inside this exchange, knowing that there's still chances to recover back your money afterFinally, the New Zealand cryptocurrency exchange Cryptopia starts working, although in a limited "soft" mode, allowing users to just log in accounts.
Until users cannot trade or do anything, they will simply see their balances. It is also impossible to make deposits or withdraw funds from the exchange.
Users can no longer know how much money has been stolen from them, as balances show balances as of January 14, 2019, which were before the theft. As if no one had stolen anything.
For now, Cryptopia has uploaded “all balances before hacking”.
On March 5, Cryptopia announced that users can log in and change their passwords, as well as reset their two-factor authentication data (2FA). The exchange also stated that it is completing the process of compensation payments for users affected by the hacking.
this hacked, hopefully the business will recover and send back those tokens that still available for the real owners.
March 05, 2019, 10:45:48 AM
Cryptopia "soft" restart
Finally, the New Zealand cryptocurrency exchange Cryptopia starts working, although in a limited "soft" mode, allowing users to just log in accounts.
Until users cannot trade or do anything, they will simply see their balances. It is also impossible to make deposits or withdraw funds from the exchange.
Users can no longer know how much money has been stolen from them, as balances show balances as of January 14, 2019, which were before the theft. As if no one had stolen anything.
For now, Cryptopia has uploaded “all balances before hacking”.
On March 5, Cryptopia announced that users can log in and change their passwords, as well as reset their two-factor authentication data (2FA). The exchange also stated that it is completing the process of compensation payments for users affected by the hacking.
Finally, the New Zealand cryptocurrency exchange Cryptopia starts working, although in a limited "soft" mode, allowing users to just log in accounts.
Until users cannot trade or do anything, they will simply see their balances. It is also impossible to make deposits or withdraw funds from the exchange.
Users can no longer know how much money has been stolen from them, as balances show balances as of January 14, 2019, which were before the theft. As if no one had stolen anything.
For now, Cryptopia has uploaded “all balances before hacking”.
On March 5, Cryptopia announced that users can log in and change their passwords, as well as reset their two-factor authentication data (2FA). The exchange also stated that it is completing the process of compensation payments for users affected by the hacking.
March 04, 2019, 09:27:16 AM
Poloniex Exchange unexpectedly left for maintenance
According to a post on Twitter, Poloniex had technical problems that forced her to close trades and go into maintenance mode.
According to a post on Twitter, Poloniex had technical problems that forced her to close trades and go into maintenance mode.
March 01, 2019, 06:36:00 PM
Coinbase has added the ability to withdraw funds to PayPal for EU countries
The American cryptocurrency exchange Coinbase has provided the ability to withdraw funds to PayPal accounts for customers from the European Union and EFTA (European Free Trade Association).
As reported the European customers had access to only a single euro area of payments (SEPA) and accelerated payment mechanisms in the UK with support for withdrawal. Customers can now link their PayPal wallets to Coinbase accounts and choose how to withdraw money when withdrawing funds.
PayPal withdrawal option now applies to customers from 32 European countries - 28 EU countries and four EFTA countries.
The American cryptocurrency exchange Coinbase has provided the ability to withdraw funds to PayPal accounts for customers from the European Union and EFTA (European Free Trade Association).
As reported the European customers had access to only a single euro area of payments (SEPA) and accelerated payment mechanisms in the UK with support for withdrawal. Customers can now link their PayPal wallets to Coinbase accounts and choose how to withdraw money when withdrawing funds.
PayPal withdrawal option now applies to customers from 32 European countries - 28 EU countries and four EFTA countries.
February 28, 2019, 11:49:44 AM
There was a time I was using IDAX and after depositing into the exchange and done with trading and to withdraw my BTC I was told to first carry out KYC before I can withdraw my tokens, I just feel this doesn't not make any sense because if I won't be able to withdraw my tokens without KYC then I shouldn't be able to deposit without KYC
right, thats very unfair. why exchange allows it and doesn't have any warning about it before you deposit. Now you are force to pass kyc or abandon your token there.
February 28, 2019, 11:00:43 AM
South Korean cryptocurrency exchange Coinbin announced the impending bankruptcy
The cryptocurrency exchange reported a loss of several million dollars, part of which happened due to the actions of one of the company's employees.
Coinbin became known after it bought hacked Youbit. However, the management of the company failed to improve the business of the marketplace and in 2018, Coinbin received a loss of $ 26 million.
Part of the loss was due to the actions of an employee of the exchange, whose name was not disclosed. A Coinbin report says that an attacker has stolen a purse with 100 ETH.
The cryptocurrency exchange reported a loss of several million dollars, part of which happened due to the actions of one of the company's employees.
Coinbin became known after it bought hacked Youbit. However, the management of the company failed to improve the business of the marketplace and in 2018, Coinbin received a loss of $ 26 million.
Part of the loss was due to the actions of an employee of the exchange, whose name was not disclosed. A Coinbin report says that an attacker has stolen a purse with 100 ETH.
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