Bittrex to Accept New Users for One Hour

Exchange had opened the registration for one hour, then it had to stop it again
11 April 2018   592

New accounts registration at popular Bittrex exchanges was resumed for some time, after almost 5 months of suspention. 

Bittrex Twitter
Bittrex Twitter

At the same time, Bittrex introduced an updated design of its site and trading platform and also increased security level, as company notes.

We’ve spent the past four years building Bittrex on the founding principles of innovation, security and responsibility. Given these principles, pausing new user signups during a period of immense trading volume was not a decision we took lightly, but our responsibility to provide customers with a reliable platform and outstanding customer service, made it the right thing to do. After diligently working to improve our infrastructure and upgrade our website, we’re pleased to announce registration for new users resumed today.
 

Bill Shihara

CEO, Bittrex

Shortly after the initial announcement, Bittrex announced that it had to suspend the registration again due to a huge wave of new users. The exchange promises to resume the process in the near future.

Bittrex New Tweet
Bittrex New Tweet

Well, we hope that Bittrex team will bee able to fix this issue ASAP.

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   303

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.