800K BitBay users face 2nd unscheduled outage this year
BitBay went down at approximately 4:28 PM UTC today. Estonia-based cryptocurrency exchange BitBay went offline for almost two hours on Monday without explanation.According to a tweet posted by BitBay on Oct. 12, the exchange went down at approximately 4:28 PM (UTC) today before resuming trading at 6:10 PM. BitBay posted an update before it had resolved the unnamed issue, announcing its plan to launch the platform with “the blocked possibility of transaction processing.” Users had 30 minutes to cancel offers posted on the exchange shortly before it went offline. This incident is BitBay’s....
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Bitbay has become a fully licensed cryptocurrency exchange in Estonia which introduced stricter rules for the industry last year. The European trading platform has recently passed an independent audit that confirmed its “solvency, security and fiscal responsibility.” Audit Examines AML and KYC Procedures at Bitbay Bitbay, a leading crypto trading platform in Europe, is now a fully licensed and regulated exchange under Estonia’s stringent regulations imposed last fall. The company has been audited by an independent third party which thoroughly examined its accounting....
BitBay is trying to develop a new decentralized marketplace that is said to be introducing a revolution in e-commerce. BitBay is completely decentralized and has no single point of vulnerability or failure. The platform puts the world at the user’s disposal. Members can buy and sell anything, anywhere; so members can use BitBay in the States, or use BitBay in Tokyo or in any other country in the world. The BitBay team is proud to introduce Smart Contracts and make them easy for anyone to use with different purposes. Users will be able to sell a car, rent a vacation house, and get paid for....
BitBay, a new decentralized marketplace, turned into a huge scandal almost a month after its launch. BlackHalo Creator David Zimbeck, who was "forcefully" entitled as BitBay's lead developer, wrote a long post on Reddit explaining how he was tricked and intimidated by men using the alias of Bob and Gekko, two of the leading members of the BitBay project. According to Zimbeck's version of events, BitBay development project was supposed to be distributed among five people, which included himself, a man named Steven Dai, BTER developer Lin, Bob and his Gekko. The team further agreed to split....
Having launched just back on March 29 of this year, Bitbay is not a well-known Bitcoin and Litecoin exchange but it is already considered the most developing and promising exchange in its region, gradually attracting more and more traders from all over the world. Bitbay operates as a registered, limited-liability company headquartered in Katowice, Poland with a dedicated customer service office. Security-oriented, Bitbay offers best solutions to safety issues, with cold wallet asset storage and two-factor authentication (provided by Rublon) among them. The company is self-funded and one of....
BitBay is one a mission to bring not only Bitcoin, but also Ethereum trading to Poland. Thanks to a variety of trading markets, users can trade ETH against PLN, Bitcoin, EUR, and US Dollar. All in all, this seems to be very positive news for Ethereum, as the Ether token becomes more widely available. Even though it is rather easy and somewhat convenient to trade Ethereum across the major exchanges already, it is always good for to see more localized platforms expand their business. In the case of BitBay, a Polish digital currency exchange, the addition of Ethereum will hopefully help put....