Cryptopia to Transferred 35% of Assets to New Wallets

Finally, the exchange has advanced to the stage of collecting assets on new wallets
14 March 2019   260

The hacked New Zealand cryptocurrency exchange Cryptopia reported on the measures it continues to take in preparation for the restart of its platform. To date, the exchange has advanced to the stage of collecting assets on new wallets.

As we prepare to open we have secured 35% of coins on our exchange to new wallets. We need to complete this exercise fully prior to opening the exchange. Please keep an eye on our page for further updates on this.

Cryptopia Exchange @twitter

This week, the exchange also stated that it had implemented the possibility of canceling applications that were posted by users before the hack was made in mid-January. The trading platform API is still disabled, so users need to cancel orders via the website. The company later resumed its support service so that users could resolve issues related to the reset of two-factor authentication and passwords. 

Earlier, representatives of Cryptopia stated that they could not resume trading on their platform, despite permission from the police, until they completed a number of procedures aimed at preventing further violations in its activities.

Switcheo to Launch Cross-Chain ETH-NEO Atomic Swaps

Developers says that the technology of atomic swaps has been known for few years, but is not popular, since its implementation in practice is quite complicated
25 April 2019   70

Switcheo announced the official launch of the atomic swaps feature for the Ethereum and NEO blockchains.

From now on, Switcheo users have access to the inter-block exchange of their own token exchange, SWTH and ETH, which allows for the transfer of assets between two markets represented on the trading platform and makes Switcheo the first decentralized exchange that implements this functionality.

A challenge with existing trustless exchanges is that trades are confined to individual blockchains, limiting the market combinations that can be offered to users” says . With the launch of the new feature, users can now trade conveniently between ETH and NEO markets, while retaining full custody of their funds.

Ivan Poon

CEO, Switcheo

According to the developers, the technology of atomic swaps has been known for several years, but is not widely used, since its implementation in practice is quite problematic. Switcheo lead developer John Wong explained that his team spent a lot of time adapting the process to the user's needs and achieved the desired result.