HitBTC Core Relocation to London on May 20, 2019

At HitBTC we are dedicated to providing institutional-grade connectivity solutions while maintaining system resilience, both of which are vital to expanding the reach of digital assets trading. HitBTC is the industry-leading provider of digital asset trading solutions with 150% more trading pairs than the nearest competitor and with average throughput of over 10,000 orders per second. As such we are committed to continuously improving our infrastructure and delivering trading and market data connectivity with the lowest latency and maximum security possible.

In this light, we are pleased to announce the rolling out of the improved infrastructure layout of the exchange core and the migration thereof along with other services including our automated custody to LD4 data center (London, UK). A result of long-lasting efforts on the side of our engineering team, the updated architecture also enables HitBTC to maintain high performance in the face of growing number of trading pairs, new traders, and unexpected jumps in trading activity. The improvements made will bestow traders with the ability to react much more quickly to rapidly changing market conditions resulting in sharp price movements. Our preliminary benchmarks indicate mean door-to-door latency of ~600 μs and ~5 ms when utilizing FIX and Websockets/REST, respectively.

Scalable, high-performance co-location services are an integral component for supporting the increasing demand for high-throughput access. HitBTC ensures low-latency, versatile, and robust connectivity by hosting a data center in London to provide, among others, brokers, hedge funds, and banks with the required infrastructure to access reliably the digital asset space. To learn more about low-latency FIX access, contact our partner company BEQUANT.

Finally, the automated part of our custody is also moved to a highly secure LD4 datacenter. Our estimates suggest that the custody solution we have today is the most comprehensive and least susceptible to human factor due to its high degree of automation and, hence, the most reliable on the market. This is starkly evidenced by the fact that for 6 years since inception in 2013 it has never been breached.

Expected works schedule:
Approximately 10 minutes of trading downtime on 20 May, between 17.00 UTC and 21.00 UTC.

For your convenience, we will inform you of the exact maintenance schedule 3 hours and 15 min before the procedure via Twitter and Web notifications.

VRA trading contest

VRAWe are glad to announce new $VRA trading contest with Verasity hosted by HitBTC exchange.

$VRA by Verasity is available for trading on HitBTC against $BTC and $ETH. Top 10 $VRA traders will be awarded from a prize pool of 20,000,000 VRA. You can see all contest rules on our trading contest page: https://hitbtc.com/trading-contest/25

Verasity.io is a leading video player providing unique Rewarded Video Player Technology to major video publishers across the globe. It enables VRA rewards, monetization and loyalty schemes within the video player wallet. Their technology is already available to 280,000 video publishers with 240 million users and 50 billion monthly views. This brings audiences, and revenues back to video publisher sites from YouTube. Their attention-based model creates a thriving VRA token economy between viewers, video publishers and advertisers.

For more information on Verasity, please visit: https://verasity.io/

HitBTC integrates EOSDT and the NUT Token

EOSDTDear traders,
HitBTC is integrating EOSDT, the world’s first EOS-based decentralized stablecoin, and NUT, the native utility token for the Equilibrium cryptocurrency framework. EOSDT will be available to trade in BTC, ETH, EOS, DAI, and USDT pairs and NUT will be available in BTC, EOS, and USDT pairs.

EOSDT enters circulation when Equilibrium users collateralize their liquid digital assets. EOSDT offers a variety of applications, including hedging market risks, providing fiat-like quotes for currency pairs on crypto exchanges, and making online payments with merchants that accept cryptocurrency.

Equilibrium’s NUT asset is the framework’s utility currency, and it plays an important role in the framework’s processes. For example, NUT holders have the right to take part in Equilibrium’s decentralized governance, mainly by voting for changes to the parameters that drive its processes. For example, Equilibrium users can vote for block producers on the EOS blockchain to receive a staked portion of Equilibrium’s collateral. NUT is also used for paying fees. To close their positions, users must repay their staked collateral as well as pay an admin fee that accrues in NUT. This utility token furthermore gives access to discounted collateral.

Learn more about EOSDT’s and NUT’s uses here. You can generate your first EOSDT through Equilibrium’s self-service gateway and start trading it on HitBTC.

Check out Equilibrium’s blog, where they usually share announcements: https://blog.eosdt.com/

Blockchain Cuties integration announcement

CUTEDear traders,
We are very glad to welcome $CUTE by @BlockchainCutie on HitBTC exchange. Trading pairs for CUTE/BTC, CUTE/ETH, CUTE/USDT and CUTE/EOS will be available soon.

Blockchain Cuties is the cutest web-based adventure collectible game on Blockchain. It allows players to trade, breed, train and gear up different kinds of cute animals that interact with each other in various adventure locations. Each Cutie is unique and one of a kind. When adventuring, Cuties gain experience and new levels.
Player doesn’t have to download additional wallets – Blockchain Cuties have one built right into the game! You can create an account in two clicks or import your existing one using private key!

For more information about Blockchain Cuties Universe, please visit: https://blockchaincuties.com/

GAS integration announcement

GAS NEODear traders,
We are very glad to welcome $GAS by @neo_blockchain on HitBTC exchange. $GAS is a token created on the NEO blockchain platform with primary purpose of being fees for processing transactions on the NEO network. NEO utilizes blockchain technology and digital identities to digitize assets and automate the management of digital assets using smart contracts. Using a distributed network, it aims to create a “Smart Economy”. Its mainnet was released in October 2016 and has been running in stable capacity for two years. NEO – An Open Network For Smart Economy with Infrastructure and Community friendliness

For more information on NEO, please visit: https://neo.org/

Explanation of the situation with BTCP

The following post is a short explanation of the security fundamentals that we base our Custody operations on and why we found the solution for moving funds offered by BTCP team to be unsuitable.

Despite our best efforts to address the issue, BTCP developers did not provide us with either the code or the documentation for P2SH-P2WPKH transaction cryptography used in their blockchain. They proposed a solution where we would use BTCP wallet and import BTC private keys into it.

We use two different types of custody: top-tier security (for the main 10 currencies and all the ETH tokens) and regular for other currencies. Top-tier security custody is based on HDKey technology. For security reasons, we will not compromise the integrity of private keys in our top-tier custody and it is prohibited by our internal security policies to derive and export private keys from HDKey. Top-tier security custody implements its own cryptographic model to build and sign transactions and does not use any cryptocurrency daemons. Transactions are signed independently, without interacting with blockchain daemons. It’s prohibited by our security policies to run any third-party solutions inside top-tier security custody and export any kind of private keys.

We have been in this business for over half a decade, relying on these security models to ensure the safety of client funds and keep our Custodial Solution as one of the best on the market. The BTCP developers created custodial risk and ecosystem instability for us, its partner exchange. This led us to make the decision to stop deposits and trading of the asset. We call on every project in crypto space to think thoroughly and evaluate possible risks for all users/partners before making controversial business decisions.

We place great importance on proper communication and hope to share the same customer oriented core values and vision with our partners at all times.

HitBTC users did not sustain any losses as a result of this and BTCP is available for withdrawal from the platform.

HitBTC is becoming an official EOS BP candidate

Dear HitBTC traders,

We are excited to announce that HitBTC is becoming an official EOS BP candidate.

HitBTC is the world’s most advanced cryptocurrency exchange. Since 2013, we have been providing markets for Bitcoin, Ethereum, Litecoin, Dogecoin, Monero, USDT and over 300 more cryptocurrencies in total.

EOS’s core vision and values—a can-do attitude and focus on community—align with our own. This is why we want to enrich the EOS ecosystem by using the power of our technical expertise, and the worldwide reach of our community.

The HitBTC’s global-reaching user base can help imparting the ideas of EOS around the world. We also count with the advantage of having spent years monitoring the market and having learned through experience how to provide quality service and meet user needs. With our hands-on experience and our worldwide community network in place, it will be easy for us to share the ideas of EOS.

We are among the leaders in high load software performance. Our state of the art platform is capable of handling massive throughput at extremely low latencies, and our highly skilled software engineers excel at solving complex tasks on a day-to-day basis. An international team of our technical experts will support all EOS ecosystem.

Just like EOSIO, HitBTC is a state of the art platform. With security and smooth performance being our key focuses, we aim to continue this tradition as a Block Producer, while maintaining and enhancing EOSIO as well.

Founded in 2013, HitBTC is one of the pioneer exchanges, standing at the origins of the crypto world, which we helped to build. Having the philosophy “only the sky is the limit” in mind, we aim to keep building higher. We have the technical knowledge, global loyal user base and manpower to take EOS to the next level of development.

Wishing you happy trading,

HitBTC team

Name BP: Hitbtcproduc
Website: https://hitblockproducer.com
Twitter: https://twitter.com/hitbtc
Facebook: https://facebook.com/hit.btc
English Telegram: https://t.me/EN_HitBTC
Spanish Telegram: https://t.me/ES_HitBTC

HitBTC custodial service proves its security and reliability yet another time

The decision to disintegrate Bitcoin Private (BTCP) coin from HitBTC platform was made after we’ve determined project’s incapability to protect its blockchain users and partners from the consequences of the arguable Coin Burn decision.

Our team reached out to BTCP developers team with a request to help moving BTCP coins from a wallet that would not be safeguarded from a coin burn, however they could not provide us a reliable secure instrument to move the funds from the segwit addresses before the hard fork, which resulted in them burning a part of the funds still remaining in our custody. Never in the history of our platform our users have lost the funds kept in our custody and this is the practice we don’t ever want to disrupt. Therefore, HitBTC has compensated all the custody losses.

This situation is a good example of how important it is not to change the rules in existing blockchains if those changes can have a negative impact on the users.

BTCP withdrawals from HitBTC are open and all users holding BTCP on their accounts can take all the assets out at any moment.

VRA integration and trading contest announcement

 

VRADear traders,

We are very glad to welcome $VRA by Verasity on HitBTC exchange. Verasity is a platform to host streaming videos that will reward both their creators and viewers with an internal cryptocurrency. The platform’s features include a “proof of view” verification that monitors users’ interest, advertising that pays users for their attention, and the opportunity for viewers to fund their favorite creators by purchasing a share of their future earnings. The Verasity protocol provides the infrastructure and tools required to build a supercharged online video experience.

For more information on Verasity, please visit: https://verasity.io/

$VRA by @verasitytech will be available for trading on HitBTC against $BTC and $ETH starting from 11 March.

We will also launch a competition of traders in which traders will be able to win a prize in the amount of 30 000 000 VRA. You can see all contest rules on our trading contest page: https://hitbtc.com/trading-contest/24

VEO integration announcement

Dear traders,

We are glad to announce the integration of Amoveo ($VEO), a blockchain for derivatives smart contracts that can be used for investment, insurance, stablecoins, prediction markets, crowdfunding and so much more.

Created single handedly by Zack Hess, who previously co-founded Augur and Aeternity, Amoveo is a unique project moulded by its community. As per its roadmap, Amoveo will always be tailored and improved in accordance with its users’ wants and needs. The community also plays an integral role in Amoveo’s governance, as every single variable such as block size, miners’ rewards and so on can be modified using futarchy, a betting-type governance mechanism.

Amoveo has a sophisticated oracle system that doesn’t need sub-currencies and is able to escalate its defence in case of an attack, making them both more affordable and reliable than its competitors. Moreover, Amoveo smart contracts are built on top of the p2p channel system, and Lightning Network allows for smart contacts with more than two participants, which is infinitely faster than waiting for a confirmation of every single transaction.

It is a fair coin with no ICO, no pre-mine, a dedicated community and an ever-growing number of use-cases. For more information, visit https://amoveo.io/ and join the conversation on https://t.me/amoveo.