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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2 Major Chinese exchanges stop bitcoin withdrawals

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As 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/

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Results TOP Traders July 2016

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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_3933 1019 BTC
2. Coinmate_LQ 609 BTC
3. STL 563 BTC
4. CoinMate_4050 350 BTC
5. Scholastik 309 BTC
6. Maple 263 BTC
7. CoinMate_6591 128 BTC
8. AnnoyingBot 114 BTC
9. Sweet penguin 106 BTC
10. CoinMate_2603 95 BTC

Next round ends on 31th August 2016.

Your CoinMate Team.

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Results TOP Traders June 2016

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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 1954 BTC
2. CoinMate_3933 1342 BTC
3. Scholastik 706 BTC
4. CoinMate_2603 639 BTC
5. STL 593 BTC
6. Maple 518 BTC
7. CoinMate_4050 498 BTC
8. Sweet penguin 369 BTC
9. CoinMate_6591 354 BTC
10. AnnoyingBot 118 BTC

Next round ends on 31th July 2016.

Your CoinMate Team.

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Results TOP Traders May 2016

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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 1737 BTC
2. CoinMate_2603 1075 BTC
3. CoinMate_3933 746 BTC
4. STL 733 BTC
5. XMLGold 693 BTC
6. CoinMate_4050 598 BTC
7. Scholastik 380 BTC
8. Maple 295 BTC
9. AnnoyingBot 245 BTC
10. CoinMate_6591 114 BTC

Next round ends on 30th June 2016.

Your CoinMate Team.

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Results TOP Traders April 2016

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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 2050 BTC
2. CoinMate_2603 1049 BTC
3. XLMGold 963 BTC
4. STL 932 BTC
5. CoinMate_4050 775 BTC
6. CoinMate_3933 744 BTC
7. Maple 279 BTC
8. Scholastik 272 BTC
9. AnnoyingBot 230 BTC
10. CoinMate_6289 157 BTC

Next round ends on 31th May 2016.

Your CoinMate Team.

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Results TOP Traders March 2016

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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 1745 BTC
2. CoinMate_3933 1054 BTC
3. CoinMate_2603 870 BTC
4. CoinMate_4050 635 BTC
5. XLMGold 509 BTC
6. STL 412 BTC
7. Scholastik 386 BTC
8. AnnoyingBot 277 BTC
9. CoinMate_1119 222 BTC
10. Maple 217 BTC

Next round ends on 30th April 2016.

Your CoinMate Team.

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