BTCChina speeds up its shutdown

BTCChina speeds up its shutdown and adjusts the withdrawal transaction fee
27 October 2017   809

The largest Bitcoin trading platform in China, BTCChina, updates an announcement that it will shut down the exchange business and stop providing withdrawal services on October, 30. In order to speed up the shutdown, BTCChina is to adjust the withdrawal transaction fee.

After the deadline, the platform is very likely to stop the service of online withdrawals. With the final date coming, the largest Bitcoin trading platform is to say goodbye to its users and the market.

Thus, until October 25, the platform will remain with the previous withdrawal transaction fee standards:

  • Withdrawal transaction fee for BTC: 0.0015 BTC;
  • Withdrawal transaction fee for LTC: 0.001 LTC;
  • Withdrawal transaction fee for ETH: 0.01 ETH;
  • Withdrawal transaction fee for BCC: 0.0005 BCC.

Starting on October 25, new withdrawal transaction fee standards will be activated:

  • Withdrawal transaction fee for BTC: 0.0045 BTC;
  • Withdrawal transaction fee for LTC: 0.003 LTC;
  • Withdrawal transaction fee for ETH: 0.03 ETH;
  • Withdrawal transaction fee for BCC: 0.0015 BCC.

Whether it will be indeed the final goodbye for BTCChina, remains to be seen.

BTCC to Close It's Mining Business

This measure is caused by the "business adjustments"
07 November 2018   603

BTCC will shut down the mining pool BTCC Pool Limited due to "business adjustments", CoinDesk reports.

BTCC, also known as BTC China, launched a pool in 2014, along with the Mobi wallet and the eponymous cryptoexchange.

Note that on August 24, 2017, BTCC Pool mined the block on which the SegWit protocol was activated. In June of this year, Hong Kong financial company Value Convergence announced its intention to acquire a 49% stake in the pool.

BTCC was the oldest crypto-exchange in China before the events of September 2017. Exchange founded Bobby Lee, brother of the creator of Litecoin Charlie Lee.