BTC-E upd: no withdrawal on Sept 1

Bitcoin exchange BTC-e makes an announcement concerning its revival
31 August 2017   715

Bitcoin exchange BTC-e has gone offline this July due to the Alexander Vinnik case. On 25th of July, the FBI agents seized all the equipment from their data centre. On Saturday evening, July 29th, all the coins were withdrawn by one transaction. The total withdrawn amount was 485,705.4597502 ETH, which at the current market rate is almost $95 million. 

Since then, the exchange team has made several announcement via concerning its plans for the company's revival. 

BTC-e update BTC-e update

Now, BTC-e’s latest announcement focuses on an update on August 30th and indicates it will publish daily updates after August 31st. Thus, according to the team, a process of transferring digital resources to an unnamed investment company is currently going on, so as to prepare these resources for its relaunch.

The company claims that he relaunch will happen over a several week-period, occurring in three stages:

  1. User information will be transferred to an as-yet-unnamed company "in full compliance with the European directives on personal data and in compliance with European legislation in this field". This is to be completed by September 15th.
  2. An unnamed financial investment firm will move to restructure the exchange's digital assets and begin an accounting of the transferred user data.
  3. The investment firm will "audit and register personal data in accordance with AML laws and KYC identification procedures".

In parallel with the legal issue of restructuring, users will be given the opportunity to check the integrity of the digital balance in the user's account, and users will be able to make changes in the security of the account. For chat and support the service will be launched on the old domain ( You will be able to log in and check your balance before recounting.

BTC-e representative 

The company also points out the the next update will be released on September 1st. 

However, BTC-e customers seem to be quite disappointed:

You said originally that either the exchange would run by end of august or you would refund everything. Why not refund what you have now and transfer the rest to the new entity?

data user

Obviously, most of the users expected to get access to the funds withdrawal before September 1st.

Genesis Conference to be Held in London

Genesis Conference will cover research and development, regulation, economics and applications issues, taking place in London on February 22
22 February 2018   73

Genesis London Conference will take place on February 22, tackling the most pertinent issues in blockchain space: research and development, regulation, economics and applications.

Genesis London is a platform for researchers, developers and generally anyone interested in blockchain, and its priority is to share knowledge, facilitate productive discourse and filter out the hype.

Location: The CityPoint building, 1 Ropemaker St, London, EC2, UK
Date and time: 9:30AM - 8PM, February 22, 2018

The agenda of the conference includes Privacy and Confidentiality Techniques for Blockchains; Permissioned Business Blockchain Applications and Use-cases; Scalable, Transparent and Post-quantum Secure Computational Integrity, with Applications to Cryptocurrencies; A Rational Protocol Design Treatment of Bitcoin, and more.

The headline speakers include Patrick de Laive, co-founder of TNW; Margarita Khartanovich, head of insight at Binary District; Jack Gavigan, chief operating officer at ZCash; Jeremy Kahn, technology writer for Bloomberg, and many more.