Bittrex stops creating new ETH deposit addresses

Bittrex exchange reported that it stops new ETH and asset deposit addresses from being created because of high gas prices
08 January 2018   709

Bittrex cryptocurrency exchange has stated that Ethereum and ETH assets would be offline as Bittrex team would work around a performance issue with geth. Moreover, Bittrex is preventing new ETH and asset deposit addresses from being created due to incredibly high gas prices, while stating that existing deposit addresses will work as normal.

The problem is related to the Ethereum network, which is processing more than 1,2M transactions daily, which is more than all of the cryptocurrencies and blockchain networks, including Bitcoin. Also, the transaction fee of Ethereum is also significantly rising.

Bittrex is delisting Synergycoin

After a long silence from the developers Bittrex has announced it is delisting Synergycoin active on April 27
19 April 2018   283

Bittrex Support desk has released an announcement stating the removal of BTC-SNRG market on April 27. SNRG is a token of cryptocurrency startup Synergy. The coin initially featured built-in TOR network anonymization, public transaction comments, dual key stealth addresses (a way to hide the receiver of a coin), blockchain notary (a tool for incorporating a PoE into the blockchain) and a long-term blockchain validation (using the SHA256d algorithm).

Judging by the relatively recent posts on the official coin forum (1 and 2) the development halted for an unknown period of time with no communication with the developers team representative. Bittrex was one of the top stakers of the coin, and that fact provided the price stability for some time. Since the situation has not changed since last pump (November, 2017), the coin will be delisted.

At the moment of publication, Synergy market parameters are as follows

  • Average price: $0.559445
  • Market cap: $2,005,214
  • Volume (24H): $17,086