Poloniex exchange went offline

Poloniex exchange connection troubles: should we be worried?
03 August 2017   1075

Distributed database that is used to maintain a continuously growing list of records, called blocks

Poloniex, one of the biggest and most influential cryptocurrency exchanges, has been surrounded by rumors concerning its insolvency lately. The exchange users report more and more problems and show their disappointment in technical support.

The rumor first started with 4chan post where a user claimed that Poloniex is on its way to insolvency giving the many issues that it is encountering. The post garnered enough attention from multiple users recalling their most recent disappointing experiences on the exchange platform. On Reddit, one user also floated the issue of Poloniex insolvency after his account containing $70,000 was hacked. He detailed that he immediately created a ticket, thus far Poloniex hasn't responded to his issue:

I have a support ticket with Poloniex and have been updating it every day, to no avail. They never respond. Because this is quite a large amount of money, it makes absolutely no sense that they would not reply to my requests, except to say that that a reasonable person would consider them insolvent.

Alexander Levin
Poloniex exchange platform user

On Wednesday evening, August 2nd, Poloniex went offline

Poloniex exchange website went offline Poloniex exchange website went offline

At first, Poloniex team reported on its Twitter on their awareness of the problem:

One hour later, the team detailed that the trading is currently suspended:

At the time of writing the Poloniex exchanges shows signs of life, though the connection speed remains poor.

The uncertainty in the exchange stability resulted in mass withdrawal operations. The users report that there's at least almost no problem with the withdrawal:

The website showed an error a couple of times, but I finally managed to сonduct a withdrawal operation at about 10 a.m. and I received my money at 12 a.m., so, speaking IMHO, there's not so much to worry about.

Mike Morgunov
Cryptocurrency enthusiast

However, now, with all August-1st-mess, the situation in the cryptocurrency world heats up and the community's panic becomes serious.

Genesis Conference to be Held in London

Genesis Conference will cover research and development, regulation, economics and applications issues, taking place in London on February 22
22 February 2018   73

Genesis London Conference will take place on February 22, tackling the most pertinent issues in blockchain space: research and development, regulation, economics and applications.

Genesis London is a platform for researchers, developers and generally anyone interested in blockchain, and its priority is to share knowledge, facilitate productive discourse and filter out the hype.

Location: The CityPoint building, 1 Ropemaker St, London, EC2, UK
Date and time: 9:30AM - 8PM, February 22, 2018

The agenda of the conference includes Privacy and Confidentiality Techniques for Blockchains; Permissioned Business Blockchain Applications and Use-cases; Scalable, Transparent and Post-quantum Secure Computational Integrity, with Applications to Cryptocurrencies; A Rational Protocol Design Treatment of Bitcoin, and more.

The headline speakers include Patrick de Laive, co-founder of TNW; Margarita Khartanovich, head of insight at Binary District; Jack Gavigan, chief operating officer at ZCash; Jeremy Kahn, technology writer for Bloomberg, and many more.