Bitstamp and KuCoin Suspended ETH Withdrawal

According to the representatives of above-mentioned exchange, this situation is caused by due the congestion and instability of the network
19 January 2018   267

Exchange Bitstamp and KuCoin temporarily suspended Ethereum's withdrawal due to congestion and instability of the network. KuCoin even recommended that users use NEO instead of Ethereum in order to have "permanent access to their means". This is reported by Bitcoin.com.

In recent months, the network Ethereum has experienced a sharp increase in user activity. According to etherscan.io, in October 2017 the number of transactions in the network did not exceed 519,000 per day, however, on January 4 this figure was already 1.34 million.

Thus, the instability of the network was significantly exacerbated by the launch of the game CryptoKitties, to which users showed increased interest. In connection with this, the fees for transfers significantly increased, and many transactions were suspended for several days.

The European exchange, Bitstamp, suspended Ethereum's withdrawal for several hours, but soon notified the users about the successful resolution of the problem.

Representatives of the KuCoin Exchange also reported on the congestion of the Ethereum network and possible delays with the withdrawal of ETH, advising users to use NEO crypto currency, also known as "Chinese Ethereum", as an alternative. In addition, users were warned about the high risks of trading in the current volatility.

Bitstamp to add support for Bitcoin Cash

Bitstamp crypto exchange to add support for Bitcoin Cash by the end of September
16 September 2017   1154

One of the biggest cryptocurrency exchanges, Bitstamp, has announced adding Bitcoin Cash trading pairs by the end of September, 2017.

According to the exchange's team, the company decided to add support for Bitcoin Cash in response to “high levels of customer demand.” Exchange users who had Bitcoin balances at the time of the August 1st hard fork will receive their air-dropped coins in their platform wallet.

Furthermore, there will be the following trading pairs available: BCH/BTC, BCH/USD, BCH/EUR

It's also noteworthy that the cryptocurrency exchange have been supporting only two cryptocurrencies for long time: Bitcoin and XRP. Within the past few months, Bitstamp has added Litecoin and Ethereum pairs.

Bitcoin Cash on coinmarketcap.com Bitcoin Cash on coinmarketcap.com

At the time of writing, Bitcoin Cash price is about $446.44, its market capitalization is $7,403,565,326, and the cryptocurrency is holding the third position on the list on coinmarketcap.com.