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

June G. Bauer

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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

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Exchanges

Poloniex Exchange Forces Password Reset After an Alleged Data Leak

June G. Bauer

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Poloniex data leak

Yesterday, Poloniex cryptocurrency exchange sent an email to some of its users alerting them about a potential security breach after an alleged list containing Poloniex’s users email addresses and passwords was posted on twitter, which could be used by hackers to gain access to their Poloniex accounts.

While almost all of the email addresses listed do not belong to Poloniex accounts, we are forcing a password reset on any email addresses listed that do have an account with us, including yours.

the exchange wrote in its email notification to the affected users.
A screenshot of Ploniex’s email

It’s unclear how the email addresses and passwords were posted on Twitter in the first place and what percentage of the leaked data contained current data from Poloniex customers. That left many users bewildered whether the leak is real or not.

The daily trading volume on Poloniex exchange is $138,972,143, which makes it within the top 50 cryptocurrency exchanges.

Last November, TRON founder Justin Sun confirmed that he was one of the investors who acquired Poloniex from Circle group.

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Exchanges

Graviex Blames Malicious DDoS Attack After The Exchange Went Offline

June G. Bauer

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Graviex-Ddos-Attacks

Mysterious attackers have taken down Graviex cryptocurrency exchange over the last couple of days using DDoS (distributed denial-of-service) attacks.

The DDoS attacks took place on Sunday and Monday, December 29 and 30 , and have targeted Graviex’s main exchange website. During the DDoS, attackers successfully managed to overload two of Graviex’s network providers and managed bring down Graviex’ external connections to other ISPs.

The attackers, which appears to actually own a DDoS botnet contacted Graviex’s team demanding ransom payments,but the exchange refused to pay.

At the time of writing, the exchange now appears to be online and fully functional.

A distributed denial-of-service (DDoS) attack occurs when multiple systems flood the bandwidth or resources of a targeted system, usually one or more web servers. Such an attack is often the result of multiple compromised systems (for example, a botnet) flooding the targeted system with traffic.

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Exchanges

John McAfee Launches a New Platform – McAfeeSwap

Sying Tien

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Mcafeeswap

John McAfee has launched a new crypto platform McAfeeSwap, a decentralized one-stop shop to easily buy and sell cryptocurrency tokens. The platform works as an aggregator that checks the price on different DEXs (Decentralized Exchanges), to ensure users are getting the best price on trades.

In order to use the new platform, users will have to install any web3 enabled crypto wallet such as MetaMask for desktop or Trust for mobile.

A screenshot of McAfeeSwap

The new platform currently supports multiple DEXs and over 100 tokens such as Ethereum, BAT, DAI, Maker and others.

Last October, the former antivirus software tycoon’s John McAfee launched his first decentralized exchange McAfeeDEX, an exchange that dose not require any KYC verification from it’s users.

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