Romania’s BTCXChange Discontinues Bitcoin Exchange Service
Ever since relaunching the platform since August of 2015, things have been rocky, to say the least. For now, it remains unclear if there was a lack of volume, or a lack of investment to keep operations going. Running Bitcoin exchanges requires a lot of time, effort, and money. But despite a lot of hard work, regulatory issues can always force a shutdown. Romania’s BTCXChange has shut down its services for good. Users had until yesterday to withdraw all of their funds. It is the second time BTCXChange is shut down, albeit it remains to be seen if they will return. The announcement about....
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BTCXchange, Romania’s first order book exchange has closed operations, nearly a month after the platform was put up for sale on August 18, 2016. Romanian bitcoin exchange BTCXchange has shut down operations in the country. The platform was initially put on sale following an announcement on August 18, 2016, a Facebook post by the exchange revealed. However, the failure to find a buyer – presumably – saw BTCXchange owner Horea Oradea Vuşcan subsequently send emails to customers on September 4 this month, asking them to withdraw funds from the exchange. Another reminder email followed on....
The latest update on the BTCXchange website states: "Please imperatively to withdraw money from BTCXchange.ro platform. We currently do not have access to the server!" Update (18th December 03:30 GMT): Updated with comment from Coinzone. BTCXchange, Romania's only order-book bitcoin exchange, has issued a statement encouraging all users to withdraw funds from the platform by Friday, 19th December. Exchange users were asked to withdraw funds denominated in both bitcoin and US dollars due to unspecified "security reasons". Further, it remains unclear whether the exchange plans to shut down....
After one year of operation, the Romanian bitcoin exchange known as BTCXChange formerly closed its doors to the public after accusing their lead programmer of holding their servers hostage. It began on December 16, 2014. The bitcoin exchange hadn't updated their news section of the website for a few months, but out of the blue they issued a major warning. "Due to security reasons, we ask all BTCXchange.ro platform users to withdraw all their funds, both FIAT and BTC (Bitcoin), from their platform accounts until December 19th, 2014 and TO TRADE NO MORE." The following day, BTCXChange sent....
Romania's first order-book exchange is closing down. Statements on the BTCXchange website informed users of a possible sale of the service on 18th August, and on 4th September, users were asked to withdraw funds ahead of an expected 12th September shut down. According to Romanian news source Bihon, it remains unclear whether the exchange, the first of its kind in Romania, is still for sale. Owners originally said they would accept offers on the platform through 16th September. In past statements, owner Horea Vuscan expressed his hope the exchange would be acquired as he said it was....
Netopia's partner exchange BTCXchange.ro has announced that it is suspending operations due to security issues. It is asking all users to withdraw all funds in fiat and BTC by 19th of December. CoinDesk has reached out to Netopia for comment and will update the article upon receiving additional information. One of the biggest online payment processors in Romania is integrating a bitcoin option into its services for merchants. Netopia mobilPay said the move would provide more than 6,000 partner retailers with the ability to process bitcoin payments, with no additional development costs. To....