Bitcoin Exchange Gatecoin Has Raised $150 000 & Will Offer Segregated Bank Accounts
Gatecoin Ltd., a Hong Kong-based digital currency startup, has launched a digital currency exchange with a bitcoin trading platform that keeps clients' cash deposits in segregated accounts to minimize exposure to risk. Gatecoin, incubated by the Hong Kong Science and Technology Parks and Tsinghua University, cites segregated client accounts as a groundbreaking feature for bitcoin, with more innovative bitcoin services in the pipeline. In announcing its new trading platform, Gatecoin noted that it keeps clients' deposits in segregated accounts to "minimize counterparty risk." (According to....
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Hong Kong-based exchange Gatecoin has launched after a lengthy setup process, promising segregated bank accounts for customers in 40 countries across five continents. The company says it is the first to offer this kind of security, which is common in the non-crypto forex exchange world. This means customer funds are kept in separate bank accounts to the company's own funds, and thus can have funds returned in the case of a force majeure financial event that depletes company reserves. Gatecoin is a licensed Money Services Operator in Hong Kong. It offers bitcoin trading in USD, EUR and HKD....
Hong Kong-based exchange Gatecoin, which suffered a major theft in May, has raised $500,000 from a listed Japanese investment company to aid in its recovery and reopening. Gatecoin in Recovery, Fires CTO. Gatecoin (gatecoin.com) plans to reopen for regular business in August. The trading platform has been suspended since the second week of May, when a....
Gatecoin, a Hong Kong-based digital currency startup that has cited segregated client accounts as a way to minimize exposure to risks, suffered a breach and lost 250 BTC and 185,000 ETH, 15% of its crypto asset deposits. A cybersecurity firm, Tehtri Security, conducted a forensic investigation and confirmed the breach, Gatecoin announced in a statement by CEO Aurélien Menant posted on its website. The breach took place between Monday, May 9, late night HKT, to Thursday evening HKT, 12 May 2016, the statement noted. The company noticed a disruption of service caused by a server reboot. The....
Further “liberty” is taken away; Gatecoin is hacked, and a digital coin that’s faster and stronger than Bitcoin? Check out the stories below to see what you’ve been missing in digital currency news: GATECOIN. Cryptocurrency exchange Gatecoin may be the world’s latest cyber-attack victim. The company mysteriously went offline a few nights ago following the discovery of what appeared to be suspicious transactions, and now the exchange is investigating what might be a leak of its hot-wallet funds. In a statement, Gatecoin tried to ease users’ fears by explaining the situation and assuring....
News emerged last week of yet another security event in the digital currency exchange ecosystem, this time impacting a Hong Kong-based service involved in the sale of assets related to Ethereum-based decentralized autonomous organizations (DAOs). As reported on Friday, Gatecoin experienced a cyberattack on its hot wallets that resulted in the loss of funds. A new update from the exchange team indicated that as much as $2m was lost, confirming rumors that circulated soon after the hack became apparent. Gatecoin has claimed that it lost as much as 185,000 ethers and 250 bitcoins, an amount....