Bitfinex battles money withdrawal problem

Bitfinex, one the world's biggest cryptocurrency exchanges, faced a problem of money withdrawals on the platform reported by the users
19 November 2017   139706

The members of the community of Bitfinex cryptoexchange started noticing problems with money withdrawal on the exchange. The problem might be linked to the connection between Tether and Bitfinex and the issues concerning redacted information that would normally be included in an audit.

The users started noticing swings of price and comparing those to Bitfinex’s margined trading practices, stating that there was no response from the support and that the company was putting them at risk. This might eventually result in major losses for the company and for the users. The users on Twitter were concerned that the market was being moved by large-scale trades.

Nevertheless on November 19 Bitfinex made an announcement on Twitter stating that both fiat and crypto withdrawals are functioning normal and that the statements were FUD aimed to create a market disrupting event.

The users still continue to be anxious about their financial status bewaring that such problems might eventually lead to the company's crash. Bitfinex claimed that the formal announcement towards the recent allegations is forthcoming.

1st Alternative Zcash Client to be Created by Parity

The responsibility for the continued development and support of the new client called Zebra will be with the Zcash Foundation
18 June 2019   126

The leading developer of solutions for the Ethereum ecosystem, Parity Technologies, presented the first alternative client for cryptocurrency Zcash.

A new client called Zebra is designed to improve the security of the Zcash network. So, if the original Zcashd client will not be able to operate for some reason, the blockchain will be supported by nodes on Zebra.

In addition, with the help of an alternative client, developers will be able to identify bugs and eliminate defects in consensus.

The community wins across the board, as there are now more core developers working on clients, with more interests represented and clients taking different approaches on how to build apps on top. Zcash can now boast a more diversified community that can effectively tailor experiences for Layer 2 developers as well as end-users.
 

Fredrik Harryson
CTO, Parity Technologies

The responsibility for the continued development and support of the Zebra will be with the Zcash Foundation.