Dragon Exchange goes Open Beta

Dragon Exchange is launching Open Beta on June 28 with such partners as AlphaPoint and IdentityMind Global
27 June 2018   585

Dragon Exchange will release Open Beta on June 28 in collaboration with a fintech company AlphaPoint and risk management/fraud prevention/AML company IdentityMind Global. The exchange boasts with a reliable throughput of 1,000,000 tx/s and fees as low as 0.1%. Other features include:

  • ecosystem-generated liquidity;
  • remarketer programs with leading exchanges;
  • multiple digital and fiat trading pairs;
  • Dragon Global Cash card, with Dragon Social wallet to buy crypto assets with fiat currency;
  • English live chat and support;
  • instant buy and sell (no need to transfer money to an exchange or wait for the order to be filled)

The exchange has its own token Dragon Coins (DRG) positioned as the first Entertainment Utility Token. At the moment of publication, Dragon Coins (DRG) market characteristics are as follows:

Average price 0.134965 USD
Volume (24H) 185,720 USD

Pure Bit to Refund Investors' Money

Another cryptocurrency scam storu may have happy ending
15 November 2018   93

The founders of the South Korean exchange Pure Bit, who were suspected of stealing investors' money, announced the return of funds.

According to the local edition of BlockchainROK, representatives of the exchange have already partially returned the money to some users and pledged to return all other funds.

On November 4, the exchange team launched the ICO with the goal of collecting about $ 30 million to create a crypto exchange. However, on November 9, Pure Bit closed the site, said goodbye to its investors and removed everyone from the group in the KakaoTalk messenger. Also, the founders of the exchange withdrew funds from the account that was used for ICO.

According to CCN, one of the issues traced the Ethereum address of the exchange and asked Upbit to block the account and freeze the funds. Upbit fulfilled this request.

This is Pure Bit. First off, I would like to apologize to everyone that was affected by the ICO. Since November 5, I raked in 16,000 ETH and did not open a crypto exchange as promised. I kicked out everyone in our social media chat groups and disappeared without any message. I negatively affected investors in the project psychologically and financially. I made an unforgivable mistake that cannot be turned around, blinded by money. It has been less than a day and I have already started to suffer from guilt. Although it cannot be compared with the hardship faced by the investors, I also felt significant guilt. I sincerely apologize to all of the investors in the ICO who were affected by the operation.

CEO of Pure Bit

The founder of Pure Bit also notified that he would return ETH 16,000 to depositors without taking into account the payment of services to a third-party company that organized ICO.