Huobi's BitYes Teams with EgoPay for Fee-Free USD Deposits
BitYes, the international USD-based exchange operated by Huobi, has relaunched with a new design, stop orders and a fee-free promotion that should appeal to higher-volume customers depositing via payment processor EgoPay. Until 31st December, BitYes is offering zero fees for deposits, withdrawals and trading for customers outside the US using EgoPay, claiming it is "the cheapest way in the world for anyone to acquire a large amount of bitcoin for USD". Customers would still need to pay a roughly $30 fee to wire money to an EgoPay account internationally and a $12 EgoPay deposit fee, but....
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Huobi has added another branded service to its collection with the launch of BitYes.com, a USD-based platform for trading bitcoin and litecoin. The China-based bitcoin exchange company launched BitYes at its first anniversary celebration at Beijing's Shangri-La Hotel last Saturday. BitYes will feature 24/7 English customer support available through multiple channels including Twitter, Facebook and Reddit, with a VIP system providing additional services to 'high-value' users. It has a 0.2% standard trading fee, 0% BTC and LTC deposit/withdrawal fees, a 1% fiat currency deposit fee, 2%....
Huobi, one of China's 'Big Three' exchanges, says it is making international growth its top priority in 2015, and has launched incentives for overseas customers to use its USD trading platform BitYes. All USD deposit methods will be free until 31st March. This includes OKPAY, AstroPay, Mayzus, Payza and Skrill Online Bank Transfer (OBT). BitYes will also implement a temporary 'maker-taker' trading fee structure, rewarding those who set limit orders. The 'maker' (limit order) fee will be 0% and 'taker' (market order) fees will range from 0.2% to 0.08% depending on previous 30-day trading....
It appears the fluctuating bitcoin price is really taking its toll on related businesses. Recently CEX.io went so far as to halt its cloud mining operations. CoinTerra has ceased granting payments to customers due to growing debts, and now electronic payment processor EgoPay is joining the ranks as the latest bitcoin-delving company to bring its operations to a temporary halt. Clients logged into the EgoPay site are allegedly receiving the following message: "EgoPay Members will be experiencing higher than normal review times for all withdrawals and deposits as EgoPay is currently....
Payment solutions company Payeer has shown CoinDesk evidence that it has $185,503.32 and €5,460.75 in a frozen wallet with EgoPay. Electronic payment processor and gateway EgoPay has frozen accounts belonging to a number of its clients, including cryptocurrency exchanges such as BTC-e and Bitmarket.pl. BTC-e told CoinDesk that EgoPay is denying it access to $80,000 of its funds having placed this sum in a "frozen wallet". Slovakian cryptocurrency exchange GOLDUX.com confirmed $7,183 of its funds are also being withheld by EgoPay, which is based in Lithuania and registered in Malta. The....
Apparently EgoPay has had a nasty blow to its... ego. After freezing funds and bringing its operations to a temporary halt last week, the company has confirmed that it has been the victim of a massive hack, and ultimately, an insider is suspected. Back in December, Lithuania-based exchange GOLDUX.com made the claim that the company had indeed been the victim of a hacking, but EgoPay refused to support such a claim... Until now... The company verified the hack in a recent blog post, and later went on to discuss the event further by saying: "False values were made available in the merchants....