Hello Group to open an exchange with BCH trading pairs

Hello Group is developing a new exchange platform with Bitcoin Cash-based trading, scheduled for mid-April 2018
20 February 2018   993

The rising popularity and adoption of Bitcoin Cash has attracted a lot of attention not only from general public in crypto-community, but also from big companies. Everybody is flocking towards “the true vision of Satoshi Nakamoto”. And exchanges aren't left behind. The new addition to the rising market is called Bitcoincash.io and is developed by Hello Group, a Cyprus-based fintech solutions developer.

They recently acquired the Bitcoincash.io domain and now are developing an exchange with as of now practically unique quality – the base cryptocurrency will be Bitcoin Cash. BCH will trade in pairs for both fiat and other cryptocurrencies.

According to the developers, users will have access to live and historical trading data, real-time alerts on market trends and sudden jumps. And all of that for free. Also users will be able to use their accounts to trade on multiple connected crypto exchanges and markets with instant settlement and no intermediaries.

Representative of Hello Group explained that the main focus of the new exchange will be on providing secure high-performance trading utilizing the accumulated knowledge and statistical data from traditional blockchain exchange platforms. Bitcoincash.io will give users the advatage of native BCH pairs and their input is always welcome for making the platform better.

Bitcoincash.io is scheduled for alpha-release around mid-April 2018.

Cryptopia to Provide New Info Regarding Compensations

The exchange isn't going to refund deposits, sent more than 24 hours after the security breach
25 March 2019   65

The New Zealand cryptocurrency exchange Cryptopia provided additional information regarding the procedure for paying compensation to users who suffered from a hacker attack in January.

According to today's announcement, users who have made deposits to their addresses more than 24 hours after the company reported the incident, that is, after 16/01/2019 12:00AM NZT , will not be able to claim payment in accordance with the previously announced plan.

The Exchange also draws attention to the fact that it currently does not have a specific deadline for returning assets to users to whom such payments are due. Cryptopia addresses are still not available for deposits, so users shouldn't try to transfer funds to them until further notice. After the renewal of deposits, clients of the exchange will need to regenerate the purse addresses for each of the supported cryptocurrencies.

As analysts noted, the funds withdrawal continued even after the official announcement and the start of a police investigation.