Cryptopia to Support Deposits and Wthdrawals Again

“Hot” wallets will be replenished manually from Monday to Friday between 09:00 and 17:00 New Zealand time
16 April 2019   495

Affected by the actions of hackers in mid-January, New Zealand Crypto Exchange Cryptopia opened up the possibility of depositing and withdrawing Bitcoin, Litecoin and Dogecoin.

As stated in the company, “hot” wallets will be replenished manually from Monday to Friday between 09:00 and 17:00 New Zealand time. Withdrawals will be unavailable at other times or on local national holidays.

According to some reports, the damage from a hacker attack on Cryptopia could have amounted to $ 16 million, and the exchange itself said that in the worst scenario, it lost a maximum of 10% of all its funds.

Binance to Launch BTC-Pegged Own Chain Based Token

In this way exchange wants to transfer crypto based on own blockchains to its ecosystem and  increase liquidity and trading volumes at Binance DEX
17 June 2019   157

In the coming days, Binance Exchange will launch a series of BEP2-tokens, tied to different cryptocurrency rates, on its own Binance Chain blockchain. The first token of this type will be BTCB - its rate is tied to Bitcoin.

BTCB is backed with bitcoins located in Binance reserves. The address for storing bitcoins has already been made publicly available, so that users can verify that the token has the necessary support.

In the future, the BTCB / BTC trading pair will be launched on Binance.com. With its help, users will be able to convert the original cryptocurrency into the Binance Chain token. The price spread in this case will be about 0.1%.

According to Binance, in this way it can transfer cryptocurrencies based on its own blockchains to its ecosystem and currently not represented in the Binance Chain. The company expects the launch of new tools to increase liquidity and trading volumes at Binance DEX.

While this approach is more centralized than atomic swaps, we believe it provides a higher degree of ease-of-use to most traders. And most traders are already trusting Binance.com to hold their funds anyway.
 

Binance Team

To date, Binance has independently reserved 9,001 BTC and released 9,001 BTCB. The BTCB / BTC trading pair on Binance.com will tentatively appear within a day, and an asset will be added to Binance DEX after approval of the relevant offer.