Celery Freezes Deposits And Withdrawals

By -

Digital Currency Exchange Celery Freezes Deposits And Withdrawals

New York-based digital currency exchange Celery has suspended its services, but has thus far declined to comment on the reason why.
The exchange – which was launched in mid-2014 by trading platform provider BTX Trader with the aim of appealing to consumers – has frozen withdrawals, deposits and orders, according to a statement posted to its website. The message was initially posted at 9:45am ET.
Yet the statement offers nothing in the way of explanation, only adding that users should "refer to this page for all further updates". A New York-listed phone number plays an audio recording of that statement, referring listeners to the website.
Celery founder Ilya Subkhankulov declined to offer clarity on the situation when reached.
“I have no comment at this time,” Subhankulov said in an email, adding that information would be released "as soon as possible" when asked when users can expect an update.
A customer of the exchange told CoinDesk that they had received no prior word about the service freeze, echoing concerns of other users who have taken to social media regarding the issue.

Comments

Post a Comment

Popular posts from this blog

Rocket Lab’s test launch window for its private orbital complex begins

By -
Image
Rocket Lab’s test launch window for its private orbital complex begins May 21 Rocket Labs is targeting a big first in commercial spaceflight – the first launch of an orbital rocket from a privately-owned launch facility. Its Launch Complex 1 is located on New Zealand’s North Island, and it’s now finally ready to start test firing actual launches from the finished facility, in preparation for beginning commercial operations once it’s satisfied testing is complete. The window for the test launches opens on May 21, starting at 2 PM PT. That’ll kick off a 10 day attempt window, during which Rocket Lab cautions that it may abort launch several times during this period, since the purpose is to run tests, and not to necessarily launch a rocket successfully – the important part will be collecting data to help ensure that later launches actually do go off as planned, especially once Rocket Labs starts providing commercial services to launch customers. Rocket Lab  announced in Febr...
Read more

10 Insurance Firms Test Blockchain for Insurance in China

By -
Image
10 Insurance Firms Test Blockchain for Insurance in China A group of insurance companies has completed a new blockchain trial in China. In a  Sina Finance   report, the news agency revealed that the Shanghai Insurance Exchange had initiated a blockchain trial centered on insurance businesses in the country. For the project, nine insurance companies partnered with the exchange, including Cathay Life Insurance, Meiji Yasuda Life Insurance, AIA Group, China Continent Property & Casualty Insurance and Minsheng Life Insurance. Founded in 2016, the Shanghai Insurance Exchange is the country's  first  insurance asset trading platform. The test was reportedly aiming at making use of the security and traceability features of blockchain, and to solve the credibility issues facing insurance firms. In statements, Wang He, vice president of People's Insurance Company of China, noted that he believes insurance is a natural fit for blockchain giv...
Read more

Agent Accused of Stealing Seized Bitcoins

By -
Image
Indian Narcotics Agent Accused of Stealing Seized Bitcoins Reports are emerging that an agent for an Indian law enforcement agency has been arrested for stealing bitcoins tied to a drug bust. According to the  Times of India , an officer for the Indian Narcotics Control Bureau (NCB) is alleged to helped steal more than 400 bitcoins originally confiscated during a 2015 seizure. Specifically, investigator Satyendra Kumar Singh is said to have been accused of unfreezing those funds at the behest of one of those arrested. The media source claimed that it was the first such case in India – though the cryptocurrency world is  no stranger  to rogue agents siphoning bitcoins obtained during criminal investigations. The NCB reportedly alleged that Singh consulted with Deepak Manguikya, one of the accused drug dealers, after he was released on bail in 2016. In July 2016, Singh then helped Manguikya forge documents which would allow ...
Read more

Bitcoin 'B' Symbol Finally Approved by Unicode Consortium

By -
Image
You Can Now Type the Bitcoin 'B' Symbol in Unicode Text A decades-old computer character standard has been updated with a symbol for bitcoin. The Unicode Consortium  unveiled  Unicode version 10.0, 19/06/2017 which includes the bitcoin "B" symbol. Overall, the update includes 8,518 characters, along with 56 new emojis. The move comes more than a year and a half after the Unicode Consortium, which oversees the Unicode computing text standard,  approved a proposal  that itself constituted a years-long process.  Efforts  toward a bitcoin Unicode symbol date back to as early as 2011. The proposal, submitted by technology blogger Ken Shirriff, was actually the second to be considered by the Consortium. An earlier push by Sander van Galoven of the Netherlands was rejected by the organization.
Read more

Illinois Government Sponsors Month-Long Blockchain Hackathon

By -
Image
Illinois Government Sponsors Month-Long Blockchain Hackathon The state of Illinois is backing an upcoming blockchain hackathon. The IBI Hack, a month-long virtual hackathon set to begin on 1st July, is being organized by the Illinois Blockchain Initiative along with blockchain technology startup Fulcrum.  The event is open  to students and recent university graduates from around the world, with all entries due on 31st  July. IBI Hack is part of the Illinois Blockchain Month, a month-long initiative that will see a series of educational events hosted across the state focused on the tech. The events are aimed at trying to teach people what blockchains are and what they can do.  State governor Bruce Rauner said in a statement: "Illinois is the state of innovation, and I am proud to see our young men and women getting involved in the Illinois Blockchain Initiative Hack. Empowering our youth is empowering the future of Illinois." The  Il...
Read more