Foxbit Exchange to be Offline Until March 26

At first, Foxbit reported that it should be back online by March 14, but now the exchange changed the date stating that the platform will be offline until March 26
19 March 2018   916

The headlines were recently hit by the news regarding Foxbit, Brazilin cryptocurrency exchange, which went down after the bug which allowed its users to withdraw their BTC balances twice. The total loss was estimated at 30 Bitcoins. 

The company founders held a livestream on March 13, stating that the users's funds are protected, and that they have a special fund to cover possible losses and the funds in Portugese national currency are safe in bank accounts. They stated that the platform was neither hacked nor robbed.

At first, Foxbit reported that it should be back online by March 14, but now the exchange changed the date stating that the platform will be offline until March 26.

The platform will come back, but it is not in our interest to hold any user’s balance, be it in real or bitcoin. It is a solvent company and there is no problem if all users make withdrawals.
 

Foxbit Founders

The representatives of Foxbit exchange recommended its users not use the exchange as a wallet, and to store funds in their own separate cryptocurrency wallets in order to avoid loss of funds.

Eurex to Launch Crypto Futures

Bitcoin, Ethereum and Ripple futures will be launched by Eurex, world's biggest derivates exchanges, managed by Deutsche Borse
22 February 2019   132

The Eurex financial derivatives platform, managed by Deutsche Börse, the largest German stock exchange, is preparing to launch Bitcoin, Ethereum futures and Ripple XRP token futures. This is reported by The Block.

Eurex has been closely following the cryptocurrency market since 2017, exploring opportunities to launch cryptoactive assets futures. The company also recently held a series of meetings with various representatives of the industry. The exact timing of the launch of new products is still unknown.

Eurex is one of the world's leading derivatives exchanges. It was established in 1998 as a result of the merger of the Deutsche Terminbörse German Stock Exchange Derivatives and Swiss Options and Financial Futures.

There are a lot of various futures contracts on the exchange, which are derivative financial instruments from stocks, stock indices, bonds, volatility indices, credit and interest derivatives. Access to trading on the Eurex is provided from different points of the globe.

Additionally, Deutsche Börse is preparing the launch of a blockchain platform for securities based on Corda technology.