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   533

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.

Nexon's CEO to Refute Bitstamp Purchase Rumours

Lee Jung-hun, CEO of Nexon, said that " does not have anything to do with a Bitstamp acquisition"
26 April 2018   117

Business Insider reported that the oldest exchange Bitstamp to close the deal with the South Korean gaming company Nexon.

Bitstamp, founded in 2011 and headquartered in Luxembourg, last year became the oldest of the remaining crypto exchanges after the Chinese BTCC closed. At the moment, the 24-hour trading volume on Bitstamp is $ 500 million, making it the 10th largest exchange in the world.

The company Nexon, which released its first game in 1995, is estimated at about $ 13 billion.

According to Business Insider, Nexon paid $ 350 million for Bitstamp, but the company's CEO hastened to refute this information.

Nexon Korea does not have anything to do with a Bitstamp acquisition. We do not have any plans to link cryptocurrencies with our game business.
 

Lee Jung-hun

CEO, Nexon

Last September, Nexon acquired a controlling stake in the South Korean crypto exchange Korbit for $ 150 million. At that time, Korbit was the second largest exchange in South Korea; now the daily trading volume of this platform is about $ 100 million.