BTER Back Online, Gets Emergency Loan from Jua.com
Trading on BTER has resumed, as have withdrawals for several coins, after nearly a month offline following a hacking costing it 7,170 BTC ($1.7 million).
BTER.com had even considered putting itself up for sale in order to remain afloat. Instead, it has been reportedly offered a lifeline by jua.com, which has provided the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term with an interest-free loan of 1,000 BTC in exchange for equity in the company.
According to its website, jua.com is the "most professional virtual currency bank." It says to offer steady income from interest on digital currency deposits. As part of the partnership, jua.com will now be handling BTER's cold wallet security. Jua.com is also helping in the previously announced project to rework its backend.
BTER says that it will be absorbing the loss, using future profits to eventually reimburse users, and seeking additional financing to expedite the process. It also announced that it is waiving all trading fees for one month in appreciation of its supportive user base.
Trading on BTER has resumed, as have withdrawals for several coins, after nearly a month offline following a hacking costing it 7,170 BTC ($1.7 million).
BTER.com had even considered putting itself up for sale in order to remain afloat. Instead, it has been reportedly offered a lifeline by jua.com, which has provided the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term with an interest-free loan of 1,000 BTC in exchange for equity in the company.
According to its website, jua.com is the "most professional virtual currency bank." It says to offer steady income from interest on digital currency deposits. As part of the partnership, jua.com will now be handling BTER's cold wallet security. Jua.com is also helping in the previously announced project to rework its backend.
BTER says that it will be absorbing the loss, using future profits to eventually reimburse users, and seeking additional financing to expedite the process. It also announced that it is waiving all trading fees for one month in appreciation of its supportive user base.