Bitstamp Resolves ETH Withdrawals Issue

On February 22, 2018, Bitstamp has reported that it was experiencing delays with ETH withdrawals and deposits, but the issue was successfully resolved
22 February 2018   540

Bitstamp is a Bitcoin exchange based in Luxembourg, which allows trading between USD currency and bitcoincryptocurrency. It allows USD, EUR, Bitcoin, Litecoin, Ethereum, Ripple or Bitcoin Cash deposits and withdrawals.

On February 22, 2018, Bitstamp has reported that it was experiencing delays with ETH withdrawals and deposits, and its support team was investigating the issue.

Bitstamp Ethereum ChartsBitstamp Ethereum Charts

In some time the issue with ETH withdrawals and deposits has been fixed, but Bitstamp stated that it will continue to monitor the situation, and thanked its users for patience.

It is not the first time, when cryptocurrency exchanges undergo some issues which leave users unable to operate with their assets. For instance, we have reported that Bitfinex exchange was under DDOS attack several times, and Bittrex has not been able to let users withdraw money for several months.

Gemini & Partners to Launch Virtual Commodity Association

Association is created to develop standards for the industry, promote transparency in the market and cooperate with regulators, including the CFTC
20 August 2018   368

Several major exchanges decided to create a new structure designed to eradicate manipulation in the digital assets market, Bloomberg reports.

The Virtual Commodity Association was formed by the founders of the exchange Gemini Cameron and Tyler Winklewoss. According to a statement released on Monday, the group also included Bitstamp, BitFlyer USA and Bittrex. Representatives of four trading platforms will meet in September to consolidate the provisions for the future functioning of the organization.

The Virtual Goods Association will develop standards for the industry, promote transparency in the market and cooperate with regulators, including the Commodity Futures Trading Commission of the United States (CFTC), in order to prevent manipulation of Bitcoin, Ethereum and other currencies.

As the temporary executive director of the organization, Maria Filipakis, who worked in the Financial Services Department of New York, was appointed, where she took part in the creation of a BitLicense.

Earlier, the Winklewoss brothers tried to launch their own ETF, tied to bitcoin, but the US Securities and Exchange Commission denied them twice, as the reasons for its decision, among other things, calling for the absence of adequate measures to prevent cryptocurrency market manipulations.