Cryptopia Bank Account Closed

Representatives of Cryptopia haven't reported on the reasons of this issue
07 February 2018   349

The popular cryptoexchange Cryptopia announced the closure of its bank account, which allowed traders to use the funds for input / output of funds and trade in pairs to the tokenized New Zealand dollar (NZDT).

Unfortunately, our current bank has notified us that they intend to close our NZDT account on 9 February. Due to this, we are announcing an immediate halt to NZDT deposits from COB today and we are asking all customers to cease sending NZD deposits to our NZDT account.
 

The Cryptopia Team

It is noted that the clients of the exchange can withdraw funds from their NZDT accounts by March 31.

Currently, the exchange is looking for alternative options for banking services, but admits that for a while, fiat trade may not be available.

In August, the Cryptopia exchange suspended the listing of new tokens created on the basis of this Waves due to its hardfork.

Electroneum to update its blockchain

Electroneum announced that new code will be released on May 30 as its blockchain reaches Block 307500
26 April 2018   50

Electroneum announced its fork is scheduled to take place at block 307500 on May 30. The fork is special as it will not result in two currencies: this is achieved by allowing all the exchanges and pools to update their software in advance. The update covers the following aspects

  • anti-ASIC code:

the implementation of such code will ensure security against any network attack

  • increase of transfer fee:

to ensure Electroneum blockchain withstands blockchain flooding, base fee will be increased to 0.1 ETN

  • block size increase before penalty:

the increase will allow miners to scale the blocks faster and get more transactions into a block

  • disabling of RingCT and Mixin:

disabling some privacy features with letting wallets remain private will get a less wait to fit a transaction into a block and a leaner blockchain size

  • 3 days mempool life:

it will ensure a reduction of the possibility of the returned transactions

Readers will be able to find the rest of the remaining details of the update here. As for the market indicators for Electroneum, here is what they look like at the moment of publication:

  • Average price   $0.024453
  • Market cap         $166,770,279
  • Volume (24H)    $1,234,100