CoinExchange to Stop Operations

According the company, the decision was made due to a fact that maintenance costs exceeds the profit
02 October 2019   193

The board of directors of the cryptocurrency exchange CoinExchange decided to close the platform.

The exchange said that the shutdown is "solely a business decision" and has nothing to do with any incident like hacking.

This is purely a business decision and there has not been a security breach or any other type of incident. Unfortunately it is no longer economically viable for us to continue offering market services. The costs of providing the required level of security and support now outweigh our earnings.
 

CoinExchange

Acceptance of deposits and trading on the exchange will be stopped on October 15. Users are strongly recommended to withdraw all funds before December 1.

CoinExchange was founded in 2016. The exchange provided access to more than 540 trading pairs.

Nasdaq to Launch Index, Based on 100 Crypto Assets

Neural network, considering 200 different factors, helped to create the list of the assets tracked by the CIX100 index
16 October 2019   84

Nasdaq, the world's second largest stock exchange, has added the CIX100 index based on 100 crypto assets, reports CoinTelegraph.

When building a basket of hundreds of leading digital assets, the tool from Cryptoindex.com uses neural network algorithms that take into account more than 200 different factors. Such a comprehensive analysis allows, in particular, to exclude coins with fake volumes.

It is also known that the index draws data on transactions on the nine largest bitcoin exchanges, and also analyzes information from social networks and the media. Only those coins that last in the top 200 for at least three months can become components of the CIX100. The composition of the index will be reviewed monthly.

According to the developers, the index will be useful for both newcomers to the industry and professionals.