Why Exodus disabled Bitcoin exchanges?

Exodus wallet temporarily suspended operations with Bitcoin due to the problems it experienced during past 72 hours
13 November 2017   848

Exodus, the cryptocurrency and bitcoin wallet announced on November 11 that exchanges involving BTC would be temporarily disabled due to Bitcoin network congestion. It was stated that will be no opportunity to operate with Bitcoin until the network returns to normal.

Although the problem was promised to be dealt with by November 12, the Bitcoin trading pairs still remain disabled. Exodus claimed in the official twitter account that Bitcoin network fees are the highest they have ever seen and that a lot of transactions still need hours more to confirm. Regarding the exchanges failing at an unacceptable rate, exchange feature for Bitcoin trading pairs was decided to be suspended.

As far as the problem is still relevant, there was published a message to the community in Exodus account on Medium, where it was stated that the parabolic rise of Bitcoin Cash had a serious impact on the Bitcoin network and fewer miners on the Bitcoin blockchain made transactions more expensive.

This was a painful decision for us, as we were fully aware of the market situation; but at the same time, we couldn’t risk your funds getting stuck in the worst Bitcoin traffic jam. It’s worth noting the only income stream of Exodus is a small commission we get after ShapeShift exchanges, but we decided to prioritize user safety over commercial interest.
 

Exodus Team

Exodus team apologised for all inconveniences, promising to increase support efforts and reply with a solution to all users within 48 hours. They opened a direct channel to ShapeShift, and promised to deliver the funds back to the wallet as quickly as possible and to cover all related costs.

Moreover, Exodus pledged to add as many support engineers to their team as necessary, to improve the connection to ShapeShift, to work on integrating alternative exchange platforms, and to add a new feature which will warn users of “surge pricing” in case of similar network issues in the future.

Bitcoin Ethereum Crypto Summit comes to Texas

Richardson is hosting a 1-day conference - Bitcoin Ethereum Crypto Summit on May 12 to teach the basics and catch up with the the latest in the cryptoworld
20 April 2018   30

Leading cryptocurrency and blockchain experts are coming to Richardson to participate in Bitcoin Ethereum Crypto Summit 2018. This one day event will take place on May 12 at Noah's Event Center. BECS positions itself as an affordable crypto event providing the quickest way to experience and learn about cryptocurrency live and in person, learn the terminology, the concept, and the hands on information with no experience required, and the public is invited to take part and attend.

Here is the list of some of the topics and sessions that will be covered:

  • Bitcoin and Cryptocurrency 101 – All the basics you need to get started
  • Government Regulation of Cryptocurrencies
  • Meet the Altcoins – Fast-paced review of over 20 of the top alternative cryptocurrencies, including Ripple, Stellar, Stratis, Monero, Dash, and many more
  • Cryptocurrency and Taxes
  • Overview of Cryptocurrency Exchanges such as Coinbase, Poloniex, and more
  • Cold Wallets, Hot Wallets, Paper Wallets, and more – The main types, how to use them, and keep your crypto safe!
  • How To Spend and Accept Bitcoin, Ethereum, and other Cryptocurrencies
  • The Basics of Blockchain and Internet of Money
  • Trading Bots and Trading Software
  • User Experience and the Blockchain
  • Mining 101 – What is it, how does it work, and should you start mining on your own?
  • How To Start Your Own Token or Coin
  • Understanding Coin Price Indexes

Doors open at 8:30 am.