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Healthy habits for better cybersecurity

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The internet is full of articles about healthy diet, lifestyle, sport tutorials and so on. But let’s be honest, how much time you spend sporting or in front of a screen of any kind? Since we manage an exchange service and health equals security to us, we’d like to say a few words about that in general.

One of the last released articles was about how to secure your Coinmate account, but now we’d like to introduce some of the general basics of the internet security, just to make this environment safer and your good night sleep potentially better. Continue reading “Healthy habits for better cybersecurity”

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KYC, AML, why do we implement these regulations?

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Hello Coinmates. As you are for sure pretty familiar with our blog already, we’d like to get into another phase here. We got through the basic stuff like establishing your account, starting with trading and depositing funds to Coinmate. in upcoming articles we are going to focus more and more on sophisticated themes, like differences between traded currencies, their functionality and more on trading itself.

Continue reading “KYC, AML, why do we implement these regulations?”

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Bitcoin hard fork update

Reading Time: 1 minuteWe are resuming deposits and withdrawals after the Bitcoin hard fork. Bitcoin network appears fast and smooth. We made snapshots, backups and audit of all bitcoin balances on our hot and cold wallets in case we eventually add BCH into our trading platform in the future.

Your Coinmate Team.

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Our position on bitcoin hard fork – CoinMate

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Our position on bitcoin hard fork

 

It is very likely that on 1 August 2017 around 2:20 CET, the bitcoin network will be divided into two separate currencies. CoinMate will continue to support the current bitcoin, the bitcoin with the highest overall support across the community. Any second, “hardforked” branch i.e. so called Bitcoincash will not be supported at this time.

If you also want to deal with bitcoins in the other, “hardforked” network, you will need to withdraw bitcoins from our exchange into a bitcoin wallet that will allow you to transact bitcoins on both networks, or into a wallet that you hold private keys to. In such case make the withdrawal as soon as possible so that the payment can be confirmed in the new wallet no later than 1 August 2017.

At the same time, the BIP91 proposal has been activated. Under this agreement miners now reject blocks that do not signal Segwit. Due to the precautionary principle and the protection of our users, we will require 6 bitcoin confirmations for bitcoin deposits starting 28 July, 2017.

To ensure safety of bitcoin balance in your CoinMate account, we will disable bitcoin deposits and bitcoin withdrawals starting 1 August 2017 10am CET. We plan to resume bitcoin deposits and bitcoin withdrawals in the morning of 2 August 2017, if it is safe to do so. Trading will not be affected and will remain active throughout the whole time.

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Planned server upgrade

Reading Time: 1 minuteDear Coinmate users, we will be performing server upgrades with high performance hardware today from 20:00 to 21:30 CET. Server upgrade was necessary to reduce recent timeout API problems. It will also speed up the response on our website.Follow us on:

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2 Major Chinese exchanges stop bitcoin withdrawals

Reading Time: 1 minuteAs the price of bitcoin reached 1000 EUR this week, big slump to 880 EUR followed on Thursday as a reaction to news from China. Two major Chinese exchanges (Huobi and OKcoin) suspended bitcoin and litecoin withdrawals for one month, effective immediately. Officially this is due to money laundering precautions. Both exchanges are supposed to make upgrades to their AML procedures to combat illegal transactions, pyramid schemes and other illegal activities. Unofficially it could be a measure for capital controls as the Chinese government is trying to limit capital outflows from the country. Technical analysis shows continuous uptrend but buyers may get exhausted soon, which may send the price even lower. More on technical analysis can be found here: http://www.newsbtc.com/2017/02/09/bitcoin-price-technical-analysis-02092017-whats-up-with-that-sharp-drop/Follow us on:

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Results TOP Traders October 2015

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We are glad to announce that we have rewarded the top 10 traders by reducing their account trading fees (Maker fee 0%, Taker fee 0.1%).

Rank Nickname Total Volume
1. Coinmate_LQ 934.57 BTC
2. CoinMate_3933 438.63 BTC
3. Maple 255.76 BTC
4. STL 255.39 BTC
5. Scholastik 219.21 BTC
6. XMLGold 150.00 BTC
7. dRo-l-) 149.02 BTC
8. CoinMate_1293 116.27 BTC
9. CoinMate_4433 81.72 BTC
10. CM184 75.72 BTC

Next round ends on 30st November.

Your CoinMate Team.
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