Connect with us


Bittrex Closes it’s International Exchange and Disables Thousands of Trading Accounts

June G. Bauer



Bittrex-International-Exchange-closed-and Disables-Thousands-of-Trading-Accounts

The leading cryptocurrency exchange, Bittrex announced that it’s international trading platform “Bittrex International” which operates out of Malta is closing and it will be replaced with a new trading platform “Bittrex Global”which will be headquartered in Liechtenstein.

This comes after Maltese Financial Regulator said that it will “actively monitor” licensed cryptocurrency businesses in the country to prevent money laundering.

Bittrex Global is a new European exchange utilizing the trusted Bittrex technology platform. Headquartered in Liechtenstein, Bittrex Global aspires to be the premier global exchange for trading new and innovative blockchain tokens.

From bittrex’s Annoucement

Bittrex Moves $414 million USD Worth of Bitcoin

According to “Whale Alert”, a twitter bot that monitors crypto transactions, Bittrex has made the biggest Bitcoin transfer we have seen in months. It moved 43,653 BTC (414,139,256 USD) to unknown wallet.

Bittrex Closes Thousands of Trading Account

Last week, we reported that Bittrex will be banning 31 countries from accessing it’s exchange. Today, the effected users received the bellow message when they try to use Bittrex Global.

Bittrex-Disabled Account

If you live or access Bittrex exchange from any country in Bittrex Banned List, then most likely your account will get banned.

Our Thoughts on Bittrex

Bittrex is an exchange that people should avoid using, there are cases of people who lost a lot of money as they did not get the early warning to withdraw their funds. Bittrex support is super slow in answering tickets, sometimes it takes months to hear back from them if you have an issue with your account.

Pop cultureaholic, Technology expert, Web fanatic and a Social media geek. If you have any questions or comments please feel free to email her at [email protected] or contact her on Twitter @JuneTBauer1

Continue Reading


Exit Scam? Dubai-Based Crypto Exchange ADAX Vanishes With Users’ Funds

M. Ali




Dubai-Based Crypto Exchange ADAX Vanishes With Users’ Funds

Dubai based cryptocurrency exchange ADAX.AE AKA “The Arab Digital Asset Exchange” has vanished and it looks like ADAX exchange might become the latest exit scam in crypto projects.

It seems the exchange’s owners have decided to pull an exit scam and disappear with hundreds of thousands of dollars in cryptocurrency belonging to its users mostly from Arabic speaking countries.

The exchange website is offline and all of it’s Facebook and Twitter accounts were noted to be offline. LinkedIn accounts for key employees have also been scrubbed.

ADADX Exchane Exit Scam
A screenshot taken from ADAX exchange before the website goes offline along with its social media accounts

ADAX has been operating since 2017, an had thousands of active Arab speaking traders. The exchange was promoted heavily on social media platforms as well as Telegram channels.

Before pulling the exit scam. ADAX exchange has launched its own crypto coin Arab Coin (ARB) that was traded exclusively on its platform and has hosted couple of successful IEOs (Initial exchange offering) for couple of crypto projects such as MenaPay. Unfortunately, we could not verify the exact trading volume at the exchange.

According to, Sami El Dwieb is the CEO of ADAX exchange. Dwieb’s contact details appears when performing a domain whois for the

Adax domain whois

Some Arabic speaking crypto traders have posted couple of videos speaking about the alleged ADAX exit scam.

Disclaimer: TheCoinsPost’s views are not necessarily reflected in the articles published, and they are the sole representation of the author’s opinions. Article’s information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

Continue Reading


Nano is Listed on Kraken Exchange

June G. Bauer



Nano is lised on Kraken

The US-based cryptocurrency exchange has listed Nano (NANO) coin on its platform. Nano trading went live on November 6, 2019, at 13:30 UTC.

NANO had a decent 11% price spike after the listing news. Yet it seems that some whale traders have decided to take profit and dump the coin.

NANO’s Price after Kraken listing- Image from TradingView

Nano is a very simple but effective protocol, it has seen a massive influx in user-created apps and POS implementations. It doesn’t rely on expensive mining operations or reward mechanisms or trust quorums or consensus algorithms of flawed human design.

What is NANO cryptocurrency?

Initially named Raiblocks, NANO is an open-source blockchain project that was created by Colin LeMahieu in 2015. NANO is the only cryptocurrency that support the “block-lattice architecture” instead of the traditional singular blockchain. In Block Lattice, each user is assigned their own blockchain, which is called account-chain.

NANO USD Price Chart

What is Kraken Exchange?

Kraken cryptocurrency exchange was founded by Jesse Powell in 2011 and it’s considered one of the largest and oldest Bitcoin exchanges in the world. Kraken also ranks as a top-four exchange in its order book depth, the liquidity it provides and total traded volume.

*Charts are provided by

Continue Reading


Virwox Exchange is Shutting Down

M. Ali





The Virtual World Exchange (VirWox) sent an email to its users stating that it will be shutting down it’s online platform by January 6th, 2020. VirWox exchange has been online since 2007 and offers a variety of trading services including the option to buy Bitcoin using PayPal.

VirVox sent an email to its clients

VirWox is one of the world’s oldest online currency exchanges. It has become a leading independent exchange for virtual currency trading. VirWoX primarily serves as a market for Second Life Lindens (SLL), a virtual currency used in the virtual game, Second Life. Currently, VirWox is one of the only platforms that allows you to purchase Bitcoin through PayPal.

VirWox Website

Continue Reading