Tuesday, September 18Your Daily Bitcoin & Altcoin News Portal

EXCHANGE

OKCoin’s International Platform Will Halt Bitcoin Operations Around August 1

OKCoin’s International Platform Will Halt Bitcoin Operations Around August 1

EXCHANGE
OKEx, the blockchain asset-only exchange launched by Chinese bitcoin giant OKCoin’s international arm has revealed details of measures being taken ahead of the potential user activated soft fork (UASF) on August 1. Launched in late May this year, OKEx became OKCoin International’s blockchain asset-only exchange offering spot and margin trading for global users. In an announcement today, OKEx revealed it will suspend Bitcoin deposits and withdrawals between July 31 and August 02 “due to potential technical risks such as replay attacks and other issues that may cause network instability.” “We believe that the fight for the future of Bitcoin has been based on technical ideas, not on conspiracy theories,” the leverage-enabled trading exchange opined, “or politics amongst various comp
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ViaBTC Will Support ‘BitcoinABC’, the Clone of Bitcoin Unlimited

ViaBTC Will Support ‘BitcoinABC’, the Clone of Bitcoin Unlimited

EXCHANGE
One of Bitcoin’s biggest mining pools, ViaBTC, has stated they will list for trading BitcoinABC, named Bitcoin Cash (BCC), while allowing their users to mine the fork on a new mining pool. “From 22nd July 2017 (UTC Time), ViaBTC exchange users can trade your “BTC” assets against 1:1 ratio into both “BCC” and “BTC_FROZEN2” assets. Namely, you can trade 1 “BTC” into 1 “BCC” token and 1 “BTC_FROZEN2” token, or vice versa. Deposit and withdrawal are not available for “BCC” and ”BTC_FROZEN2”,” ViaBTC said. BitcoinABC, which largely follows the approach of Bitcoin Unlimited in increasing transaction capacity, will hardfork on August the 1st at 12:20 UTC regardless of any mining support. The new client will create its own network, with its own chain, its own nodes and its own miners.
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Poloniex Solves $70,000 Account Balance Issue After Reddit Complaint

Poloniex Solves $70,000 Account Balance Issue After Reddit Complaint

EXCHANGE, FINANCE
Some Poloniex users are getting fed up with the company right now. Ever since the platform saw an influx of new users, the number of issues started piling up. GpuShack President, Alexander Levin, is one of the people who has taken issue with Poloniex. According to his statement, he is no longer able to access his account and there has been no response from support for nearly a month now. ANOTHER MAJOR COMPLAINT ABOUT POLONIEX As if the DDoS issues and ZCash problems were not enough to keep people away from Poloniex, this latest piece of information may do the trick. A new Reddit post appeared earlier today, in which the ethOS founder -and GpuShack President- Alexander Levin explains his grievances with the company. More specifically, his account balance is worth $70,000, but he canno
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Coinbase Paid $240K in Unnecessary Bitcoin Fees in a Single Day

Coinbase Paid $240K in Unnecessary Bitcoin Fees in a Single Day

EXCHANGE
Coinbase has been described as “hemorrhaging money” this week after data showed it had been paying double transaction fees. The overspending, likely due to a software problem, is the latest in a series of technical mishaps for the exchange and wallet provider. BitGo engineer Jameson Lopp originally raised the alarm Friday noting “something weird” was occurring on the Bitcoin network, tweeting: 12 hours ago an entity began sending BTC transactions paying 100X the going fee rate. After others agreed, Lopp subsequently announced his suspicions were “confirmed firsthand” and that the party contributing huge batches of double-rate fee transactions was Coinbase. Responding to the news, CEO Brian Armstrong told Lopp the company was “taking a look” into the situation. Previous and Ong
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How Crypto Traders are Drawing Authorities Attention Unknowingly

How Crypto Traders are Drawing Authorities Attention Unknowingly

EXCHANGE, FINANCE
Just recently Bitcoin.com has been covering the ongoing case between the U.S. tax agency, the IRS and its dealings with the cryptocurrency exchange Coinbase. However, bitcoiners are not the only ones being observed by taxation officials as regulators are growing concerned about ethereum traders this year accumulating millions of dollars in gains in a pseudo-anonymous manner. Trader Reveals He Profited Over $200 Million in Etheruem According to a recent report from Bloomberg, a cryptocurrency trader started bragging online that he made a cool $283 million by investing $55 million into ethereum. The pseudo-anonymous trader revealed his ETH address showing the public his 413 percent profit accumulated this year.     “I get many private messages asking how much ether I have,” explains
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GDAX Reveals Contingency Plan for Bitcoin’s Coming Soft Fork

GDAX Reveals Contingency Plan for Bitcoin’s Coming Soft Fork

EXCHANGE
Digital currency exchange platform GDAX has revealed its contingency plans in the event a controversial bitcoin scaling proposal is activated. The improvement proposal BIP 148, which triggers a so-called user-activated soft fork, or UASF, to activate the Segregated Witness (SegWit) scaling solution, are pushing ahead with their plans despite the popularity of another scaling proposal, Segwit2x, which pairs the activation of SegWit with an increase to the size of the network’s transaction blocks three months later. Yet if SegWit2x doesn’t get enough support by August 1st and BIP 148 takes hold without enough of the bitcoin ecosystem support of its particular transaction chain, bitcoin could split into two competing assets. It’s a prospect that led GDAX, which is operated by startu
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Publicly Listed South Korean Company Building Global Network of Cryptocurrency Exchanges

Publicly Listed South Korean Company Building Global Network of Cryptocurrency Exchanges

BITCOIN, EXCHANGE
A South Korean company listed on Kosdaq, the trading board of Korea Exchange, has announced the launch of its own bitcoin exchange and a plan to build a global network of cryptocurrency exchanges. Coinlink will be the country’s first bitcoin exchange run by a Kosdaq-listed company. Coinlink Launching Next Month Founded in 1996 and formerly known as Accupix, Fourth Link’s main business is selling coal to railway companies and power plants, both domestically and internationally. The company also constructs railway communication systems and national information networks. The South Korean conglomerate is listed on Kosdaq, the trading board of Korea Exchange (KRX). Kosdaq is the Nasdaq counterpart in South Korea and KRX is the sole securities exchange operator in the country. In June,
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Suspected AlphaBay Admin Takes his Life in Thailand

Suspected AlphaBay Admin Takes his Life in Thailand

EXCHANGE
Ever since the AlphaBay darknet market went offline, people have been thoroughly speculating on what is going on exactly. With the site not coming back after almost a full week, things are not looking good. It now appears the alleged AlphaBay administrator, who goes by the name of Alexandre Cazes, has committed suicide in a Bangkok prison cell. IS ALEXANDRE CAZES THE ALPHABAY ADMINISTRATOR? Given the nature of darknet marketplaces, it is often impossible to tell who is running a particular marketplace. In most cases, the real people behind such popular underground platforms are never unmasked. In the case of AlphaBay, that situation will not necessarily be any different. However, many people believe Alexandre Cazes is the person responsible for running this illegal marketplace. Ca
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Caribbean digital asset exchange Bitt limits bitcoin buys to 0.3 BTC per day

Caribbean digital asset exchange Bitt limits bitcoin buys to 0.3 BTC per day

EXCHANGE
Bitt is a FinTech company that utilizes blockchain and distributed ledger technology to facilitate secure peer-to-peer transactions with seamless mobile money across a suite of Bitt’s software and mobile applications. Barbados-based digital asset exchange Bitt has just announced that it will once again be providing Bitt-sourced bitcoin for trade to its users via their platform. However, citing strong demand, Bitt is introducing a “new balancing measure to ensure that everyone can join in.” The exchange has placed a 0.3 BTC daily buying limit for all. Users are still able to sell bitcoin as usual. The Bitt team said: “Your enthusiasm is infinite, but unfortunately, bitcoin is not, so we’ll be using this limit to balance the outflow and give everyone a fair chanc
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Study: Late 2013 Bitcoin Bubble Fueled by Suspicious Trading Activity on Mt. Gox

Study: Late 2013 Bitcoin Bubble Fueled by Suspicious Trading Activity on Mt. Gox

EXCHANGE
According to a recent study by researchers from the University of Tulsa and Tel Aviv University, the massive increase in the bitcoin price in late 2013 was caused by suspicious trading activity on the now-defunct Mt. Gox Bitcoin exchange. The study, which is titled “Price Manipulation in the Bitcoin Ecosystem,” indicates that 600,000 bitcoins were acquired by agents who did not pay for them, and the bitcoin price rose by an average of $20 on days when the suspicious trading activity took place. “Based on rigorous analysis with extensive robustness checks, we conclude that the suspicious trading activity caused the unprecedented spike in the USD-BTC exchange rate in late 2013, when the rate jumped from around $150 to more than $1,000 in two months,” the study states. At the center