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Altcoin trading platform, CoinExchange, has announced that it will shut down this month over financial difficulties.

According to it's web platform, the exchange wasn’t shutting down because of a security breach or any other security issue, but because the cost of keeping the platform running outweighed its earnings. The exchange stated:

Unfortunately it is no longer economically viable for us to continue offering market services. The costs of providing the required level of security and support now outweigh our earnings.

Available data has it that the cryptocurrency exchange is trading an average of $700,000 a day across 500 trading pairs, many of which include little-known altcoins with low trading volumes.

CoinExchange trading and deposits will be suspended on October 15th. The exchange’s website will remain operational until December 1 so users have time to withdraw their funds.

The platform stated that CoinExchange “may return in the future if market conditions change.”

From TestBoo.Com - https://testboo.com/coinexchange-shut-down/

TestBoo.com

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Facebook’s Libra developers have released a new roadmap outlining steps toward its mainnet launch.

The revelation from the Libra Foundation published on October 2nd 2019 highlights various points of interest for both developers and those who operate the protocol’s nodes.

Libra which is currently running a testnet, aims to settle technical challenges prior to a mainnet launch. The roadmap reads:

“Launching the Testnet has allowed the team to quickly improve Libra Core by making it easy to troubleshoot, diagnose, and resolve software edge cases. The Testnet demonstrates Libra network functionality and provides early access to developers. Following the Testnet, we hope to have a successful launch of the Libra Mainnet.”

Libra developers also created a staging environment named “Pre-Mainnet”. It is currently accessible to partner nodes only. This is to allow them to connect to each other. Many partners “have already deployed their nodes and have them communicating,”. According to the roadmap:

“We expect to have more partners coming online shortly. We want to ensure the Libra network can meet rigorous performance benchmarks and overall system stability before opening access.”

Libra continues to face various issues following its initial announcement some months back.

From TestBoo.Com - https://testboo.com/facebooks-libra-nodes-live-pre-mainnet/

TestBoo

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Cryptocurrency mining hardware manufacturer Bitmain has announced that it is set to launch a cryptocurrency miner and mining farm matchmaking service.

The service dubbed World Digital Mining Map (WDMM) is set to be announced during the World Digital Mining Summit, which will be happening in Frankfurt on October 8-10. It will allow cryptocurrency miners looking for locations to power their hardware with mining farms with available resources to host them.

Bitmain’s Director of Mining Farm, Matthew Wang, was quoted as saying in the press release:

The WDMM will help make cryptocurrency mining more sustainable in the long-run by connecting mining farms and hardware owners in a whole new way. It is part of our commitment to provide miners with on-going support throughout their hardware’s lifetime and to support the sector’s overall growth.

On the course of the event, mining farm owners will be able to apply to be listed on the WDMM. To be listed they will need to provide details of their mining farm, including how much capacity they have.

When this is done, Bitmain will then provide them with personalized services, which include “connections to foreign customers to host, assistance with mining farm design and support with purchasing, and construction.”

From TestBoo - https://testboo.com/bitmain-cryptocurrency-mining-farm/

@TESTBOO.COM

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The Bitcoin price is still falling on Wednesday, September 25th, going below $8500 . As you can imagine, panic selling is also affecting the altcoins, with most currently suffering double digit percentage losses against USD.

Bitcoin started yesterday at $9,692. By 18:35 UTC, the BTC price had fallen 3% to $9,402. Within 30 minutes the BTC price had fallen another 7.76% to $8,672.

Also by 19:46 UTC, BTC-USD had gone below the $8,200 mark, meaning a loss of almost 17% in the preceding 24-hour period.

The last time the BTC price was below $8,200 was June 12th.

The altcoins are also suffering double-digit percentage losses against USD as you can see below:

Ethereum (ETH): $160.92 (-23.47%)
XRP: $0.236 (-17.07%)
Bitcoin Cash (BCH): $235.71 (-22.02%)
EOS: $2.62 (-31.99%)
Binance Coin (BNB): $15.57 (-22.42%)

From Testboo.com - https://testboo.com/bitcoin-price-falls-below-9000/

TestBoo.com

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Ripple has filed a motion to dismiss a lawsuit over it allegedly selling unregistered securities.

In a court document uploaded by Fortune on September 20th, lawyers representing the company against investor Bradley Sostack dismissed the claims against it. Sostack said Ripple’s sales of altcoin XRP in 2013 constituted an unlawful securities offering.

Ripple has denied this but the case has uprooted some concerns over the legality of Ripple’s operations regarding XRP. New concerns are already rising after lawyers’ motion to dismiss failed to address the securities aspect of XRP.

According to a section, “Because of the multiple, independent grounds for dismissing this action, the Court need not resolve whether XRP is a security or currency for purposes of this Motion, which assumes Plaintiff’s allegation that XRP is a security,”

The latest developments have just a little impact on XRP markets with the token continuing to trade over the past 24 hours just under $0.30

From TestBoo.com - https://testboo.com/ripple-moves-to-dismiss-securities-lawsuit-details/