Cryptocurrency enthusiasts will all agree that the year 2017 was rather spectacular. Not only did we see all prices increase in a significant manner, we also saw exchanges struggle to keep up with demand. And just last week, Binance was forced to halt user registrations due to overwhelming success. The company has released some interesting details as to why this decision was made. It certainly makes a lot of sense for the site to upgrade its infrastructure well in advance. Binance’s User Growth is Mind-Blowing During the last six months of 2017, we saw a lot of exchanges suffer from an influx of new user registrations.Powered by WPeMatico
When you are dealing with platforms that are supposed to be the on-ramps to the money of the future it’s hard to accept worse performance than the systems of the past. Unfortunately, this an issue plaguing all major cryptocurrency exchanges at the moment with Coinbase being one of the leading examples right now. Also Read: […]
Finding reliable cryptocurrency exchanges is often a lot more difficult than people would like to think. That’s not because one can’t trust most companies, but mainly because few platforms provide uninterrupted experiences at all times. The Kraken exchange, while one of the oldest in the business, has suffered from major performance issues over the past year or two. It is still one of the better exchanges due to the number of markets it supports, though. Mixed Feelings About Using Kraken For all intents and purposes, the Kraken exchange has a very solid reputation in the world of cryptocurrency. It was
Anyone still sitting on the fence and considering whether to jump on the runaway cryptocurrency train way wish to make a move, because another door just slammed shut, reducing the number of on-ramps. The popular Binance exchange is no longer accepting new traders. Also Read: Several Bitcoin Exchanges Are Closing Their Doors to New Traders […]
“Community” is a word that is synonymous with cryptocurrency projects, but aside expressing a desire to develop a strong user base, what does it actually mean? For exchanges, having a community-oriented model means consulting customers on new tokens, incentivizing participation, and creating a revenue-sharing system. Binance and Kucoin are two platforms that have tried this […]
The cryptocurrency exchange Hit BTC has notified its clients that they need to pay a new fee to deposit bitcoin into the platform. This move might be replicated by more exchanges in time as they try to find ways to cope with the high fees on the network other than not accepting new clients or […]
The president of Belarus, Alexander Lukashenko, has signed a decree which legalizes cryptocurrencies, initial coin offerings (ICOs), and smart contracts. All crypto transactions and related income, including from mining, will be tax-free for the next five years. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions Legalizing Crypto Transactions and […]