Another Canadian Bitcoin Exchange Set to Close Shop ...

canadian cryptocurrency exchange reddit - QuadrigaCX had distinguished itself definitively as the number one cryptocurrency exchange by way of volume in the Canadian market, and it is not particularly close. With the really tragic collapse of the exchange, we are waiting to see who emerges as top dog. There was a moment that Kraken seemed to be challenging for the spot. Coin.mx, appeared be be down due to a federal investigation. 2/25/2016 Askcoin.net, server not found, 2/25/2016. Added back to list on March 3, 2015 because they came back. Ybex.com, redirects to yuanbaohui.com, 2/25/2016 Coinsetter.com, redirects to Kraken.com, 2/25/2016 Cavirtex.com, redirects to Kraken.com after acquisisition., 2/25/2016 CAVIRTEX is the second bitcoin exchange in Canada to announce its closure in as many months following the latest security incident. The exchange claims to have been the constant target of hackers, which in the most recent incident, are said to have compromised an old version of a database containing 2-factor authentication (2FA) secrets and hashed passwords. After the hack, Binance suspended all deposits and withdrawals for seven days. Traders on the platform can’t dump their bitcoin—or their tether. If bitcoin were to crash, they would be trapped. Fortunately, bitcoin is not crashing—it’s pumping. As I write, bitcoin is now at $6,800, having shot up $1,000 within a week. Effective immediately, CAVIRTEX intends to cease carrying on an active Bitcoin business and will be winding down its operations in an orderly manner. As a result, effective immediately, no new deposits will be accepted by CAVIRTEX. Trading on CAVIRTEX will be halted effective March 20, 2015. Effective March 25th, 2015, no withdrawals will be processed. CAVIRTEX will communicate with any ... Effective immediately, CAVIRTEX intends to cease carrying on an active Bitcoin business and will be winding down its operations in an orderly manner. As a result, effective immediately, no new deposits will be accepted by CAVIRTEX. Trading on CAVIRTEX will be halted effective March 20, 2015. Effective March 25th, 2015, no withdrawals will be processed. CAVIRTEX will communicate with any ...

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