RaiBlocks Lost 27% After BitGrail Announcement

According to BitGrail, they have to consider country's rules
31 January 2018   165

The price of RaiBlocks cryptocurrency fell 27% after the BitGrail Exchange unexpectedly announced that it would soon cease to serve non-European users. This is reported by The Next Web.

The rate of the cryptocurrency, which promises its users instant transactions without commissions, in a matter of hours, collapsed from $ 18.50 to $ 13.50. The fall occurred after the announcement of BitGrail that due to problems related to the requirements for customer identification, the accounts of all users living outside the EU will be closed.

RaiBlocks Chart
RaiBlocks Chart

I’ll begin repeating once again this concept: BitGrail cannot work without mandatory KYC anymore. Looks like exchanges in general can’t do it, even if some may ignore it. But BitGrail can’t. It is in a country where you can’t ignore the law and even if there would be the opportunity, we wouldn’t do it. BitGrail want to operate in cryptocurrency market in the more transparent way possible, talking about laws.

The Bomber at Reddit


The updated rules have not yet begun. After the corresponding announcement, users who do not meet the established criteria will have 2 weeks to close their accounts. BitGrail will continue to operate "only in Europe".

BitGrail is one of the few sites supporting RaiBlocks, which is why it has become extremely popular in the community of this cryptocurrency. According to Coinmarketcap, over the past 24 hours, BitGrail accounted for more than 30% of RaiBlocks' trading. At the same time, on BitGrail, RaiBlocks accounts for about 85% of the total trading volume.

Swansea Hosts Blockchain and Distributed Energy Conference

The BEW'18, which will be held on February 19, 2018 in Swansea, UK, is a must-attend for people who are interested in the cutting edge of blockchain
19 February 2018   179

The Blockchain Energy Wales'18 Conference will be held on February 19, 2018 in Swansea, United Kingdom.

The conference will introduce Klenergy and their Pylon Network, which is a decentralised energy exchange platform powered by renewable energy. The BEW'18 is a must-attend for people who are interested in the cutting edge of blockchain, distributed energy, peer2peer and smart technology.

BEW conference location swanseaBEW'18 Exact Location

Location: TechHub Swansea, 221 Stryd Fawr, Swansea SA1 1NW, UK
Time: from 9AM to 1.30PM

The headline speakers include Paul Harwood, Basicincome supporter and advocate, and David Clubb, director of RUKCymru and head of digital RenewableUK.

The agenda of the conference is as follows: Blockchain technology and its application in the energy sector, future of blockchain wallet systems, buildings as power stations, building the open-source co-operation protocol for the energy sector, and more.