Bittrex to Suspend Trading on 27.02

As reported, update is designed to speed up the order processing by 20 times and prepare platform for the new fuctions implementation
26 February 2019   500

On Wednesday, February 27, at 21:00 UTC, Bittrex cryptocurrency exchange plans to update the trading engine, for which it will temporarily disable access to wallets and suspend trading.

Deposit and withdrawal of funds will be unavailable within 24 hours, and trading will be suspended for up to three hours, starting at approximately 22:00 UTC.

The exchange also asks customers to take measures to complete or cancel partially executed orders, since they will be canceled during the update.

Also for an indefinite period, conditional orders and the automatic sale function will be disabled.

At the same time, Bittrex.com and International.Bittrex.com will remain available, customers will still be able to log in and check their balance sheets.

According to Bittrex, the planned update will speed up the processing of orders by 20 times and prepare the platform for the introduction of a number of additional functions during 2019:

  • Maker-Taker and other features for liquidity providers and high-volume traders
  • New ways to add fiat to your accounts 
  • Account management improvements (access to full transaction history, account statements, and more)
  • New order types and options, including Market Orders
  • More Flexible Conditional Orders which will eliminate the need for reserve funds when making conditional orders, allowing traders more flexibility without tying up money in conditional trades. (NOTE: Conditional Orders will be disabled until this updated functionality goes live)
  • And more

Additional information about the progress of the update will appear in real time on the official exchange page on Twitter.

Bittrex will also support updates to Constantinople and St. Petersburg. Petersburg in the Ethereum network.

Hacked Zaif Exchange to Resume Operations

It was hacked in September last year,  about $60 million in cryptocurrency was stolen from its platform
22 April 2019   88

Japanese cryptocurrency exchange Zaif announced that it will complete the transition from the Tech Bureau to the Fisco Digital Asset Group (FDAG) on April 22 and resume normal operation the next day, Cointelegraph reportes.

In September last year, the exchange underwent a hacker attack when about $ 60 million in cryptocurrency was stolen from its platform, including Bitcoins, Bitcoin Cash and Monacoin. As part of the compensation plan to users, FDAG exchange acquired a large stake in Zaif business and transferred to the Tech Bureau over $ 44.6 million.

According to an earlier announcement of the exchange, 40% of the lost funds will be compensated to users by Fiat, and the remaining 60% - to the cryptocurrency, which will be available for withdrawal on April 23.