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.
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.
Dear Coinmates, we try to keep you posted about the important stuff only. When the market shifts dramatically, a fork is about to happen, or we implement something new and exciting. But there are also times when we just can’t help it and have to brag about ourselves. That time is right now.
Was there ever enough good news? It is just a few weeks since we implemented Ripple on Coinmate and we do not have a reason to stop there, so we are not! You can now find Dash on our platform, we added it in pairs with EUR, CZK, and BTC. What should we do next? Let us know!
Reading Time: 1minuteWe 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.
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.
Reading Time: 1minuteDear 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:
Reading Time: 1minuteAs 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: