Breaking: Cryptocurrency Trading Venue Nova Exchange is Shutting Down
- Over 230 different cryptocurrency coins such as Bitcoin and Ethereum are traded at Nova exchange.
Cryptocurrency trading venue Nova Exchange has just notified its clients about the upcoming closure of the platform.
The team behind the website claims that Nova Exchange will have new owners and management effective April 2018, promising major upgrades to the exchange to better handle scaling, stability and security.
Explaining the rationale behind shutting down the platform before it is handed to the new owners, they write: "For better management and security of customer funds we have decided to close down Nova exchange so that the users can withdraw all their funds with no participation/responsibility of action of the new management."
Preliminary plan:
2017-10-30 User registration closes, add coin page closes, disabling deposits of ETC and ETH
2017-11-30 Deposits disabled for all coins, all users get level 3 verified account level
2017-12-15 One last deposit scan to take care of deposits made after 2017-11-30
2018-01-31 Email reminder to all registered users
2018-02-28 Trading engine stops, dice game stops, API stops
2018-03-31 Login stop, website replaced with information
2018-04-15 Support closes, all user data removed
The team warns: "Remaining user balances that has not been withdrawn before 2018-04-01 will be considered a donation and is not refundable."
Nova Exchange lists a wide range of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, over 230 coins, especially lower market cap Altcoins Altcoins Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception there have been countless cryptos launched. Many of these have met varying levels of success, though several have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There presently exist over 5,000 altcoins and this number seemingly grows constantly. The paramount altcoins as of May 2020 are Ethereum and Ripple.In terms of struct Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception there have been countless cryptos launched. Many of these have met varying levels of success, though several have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There presently exist over 5,000 altcoins and this number seemingly grows constantly. The paramount altcoins as of May 2020 are Ethereum and Ripple.In terms of struct Read this Term that are not listed on larger exchanges. Registration was free and fees were 0.2% for processed trades. Beyond trading it also offers 'dice' and 'scratchcard' gambling features. The platform announced that it suffered a hack of less than 5 BTC in late 2016 and set up a fund to repay customers.
Cryptocurrency trading venue Nova Exchange has just notified its clients about the upcoming closure of the platform.
The team behind the website claims that Nova Exchange will have new owners and management effective April 2018, promising major upgrades to the exchange to better handle scaling, stability and security.
Explaining the rationale behind shutting down the platform before it is handed to the new owners, they write: "For better management and security of customer funds we have decided to close down Nova exchange so that the users can withdraw all their funds with no participation/responsibility of action of the new management."
Preliminary plan:
2017-10-30 User registration closes, add coin page closes, disabling deposits of ETC and ETH
2017-11-30 Deposits disabled for all coins, all users get level 3 verified account level
2017-12-15 One last deposit scan to take care of deposits made after 2017-11-30
2018-01-31 Email reminder to all registered users
2018-02-28 Trading engine stops, dice game stops, API stops
2018-03-31 Login stop, website replaced with information
2018-04-15 Support closes, all user data removed
The team warns: "Remaining user balances that has not been withdrawn before 2018-04-01 will be considered a donation and is not refundable."
Nova Exchange lists a wide range of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, over 230 coins, especially lower market cap Altcoins Altcoins Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception there have been countless cryptos launched. Many of these have met varying levels of success, though several have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There presently exist over 5,000 altcoins and this number seemingly grows constantly. The paramount altcoins as of May 2020 are Ethereum and Ripple.In terms of struct Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception there have been countless cryptos launched. Many of these have met varying levels of success, though several have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There presently exist over 5,000 altcoins and this number seemingly grows constantly. The paramount altcoins as of May 2020 are Ethereum and Ripple.In terms of struct Read this Term that are not listed on larger exchanges. Registration was free and fees were 0.2% for processed trades. Beyond trading it also offers 'dice' and 'scratchcard' gambling features. The platform announced that it suffered a hack of less than 5 BTC in late 2016 and set up a fund to repay customers.