Vaultoro refused to support Bitcoin Gold and SegWit2x

Bitcoin exhange Vaultoro co-founder stated that the company will not support Bitcoin hard forks due to lack of users protection
25 October 2017   1699

Vaultoro discarded its support for the New York Agreement (NYA) with Bitcoin, because SegWit2x developer Jeff Garzik proposed using opt-in replay protection, whether Vaultoro demands opt-out protection for its users. Opt-in replay protection means that it should be activated by users manually, and it is considered inconvenient and useless by the company.

What is more, Joshua Sigala wrote in Vaultoro blog on October 24 that at the moment the company does not support Bitcoin Gold hard fork either, because it is important for exchange platform to see that other platforms, services and wallets like, for example, BitPay support the hard fork too. Moreover, they are disappointed that the developers didn't make the code available for review so they will not be able to audit or review the code.

At the time of a fork, Vaultoro will snapshot every member's bitcoin holdings and if Vaultoro decides to support Bgold or any future altcoin released via a fork of bitcoin, customers will be able to withdraw the altcoin associated with their Vaultoro Bitcoin balances at the time of the snapshot.

Joshua Scigala
CEO, Vaultoro

It is also stated that they will continue to follow the development of forked coins and if new networks prove themselves to be safe and useful, Vaultoro may decide to support that asset at a later date.

Binance to Launch Crypto-Fiat Exchange at Jersey

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs
16 January 2019   72

Binance has opened a branch at Jersey island, targeting Europe and the UK. Its clients will be able to trade Bitcoin and Ethereum for the euro and the British pound. 

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs. To start trading, users must undergo KYC verification.

According to Binance CFO Ju Wei, bidding cryptocurrencies for fiat money will provide Europeans with new opportunities in the face of uncertainty with Brexit affecting the euro and the pound.

Wei also stressed that a strong legal framework makes Jersey one of the leaders in the development of blockchain technology.