Cryptopia

from Wikipedia, the free encyclopedia

Cryptopia is a trading platform for cryptocurrencies. Cryptopia's marketplace also offers users the option of offering private items to be exchanged for crypto currencies.

Cryptopia logo
Cryptopia logo

history

Cryptopia was founded in 2014 by Rob Dawson and Adam Clark. In 2018, the number of employees grew to over 50.

The trading platform supported more than 400 cryptocurrencies at times.

In May 2017, Cryptopia released its own stablecoin , the "New Zealand Dollar Token (NZDT)", which is supposed to represent the value of the New Zealand dollar.

Due to the crypto boom at the end of 2017, the number of users on the trading platform rose from 30,000 to more than 1,000,000 users. At the end of 2018, more than 2 million users were registered with Cryptopia. As on many other crypto trading platforms, new registrations have been temporarily stopped as a result. In addition, Cryptopia interrupted trading of the Dogecoin and Litecoin currencies , as it was assumed that these markets would not withstand the large influx of trade requests.

In January 2018, it became public that ASB Bank would close all accounts connected to the NZDT by February of the same year.

As a result, all further deposits of the token were stopped and Cryptopia called on its users to withdraw the tokens by the deadline.

A relaunch of the NZDT token is planned for 2019 in cooperation with a new, smaller bank.

On January 15, 2019, Cryptopia announced that hackers were able to exploit a security flaw, which resulted in "significant losses". Since then, the trading platform has been under maintenance and the New Zealand police are investigating in cooperation with international authorities.

Individual evidence

  1. ↑ From a two-man operation a year ago, Cryptopia surges on bitcoin. Retrieved January 23, 2019 .
  2. ↑ Christchurch company launches new digital currency. Retrieved January 23, 2019 .
  3. ^ Kiwi bitcoin investors concerned over Australian bank controversy. Retrieved January 23, 2019 .
  4. ↑ Cryptopia Ltd. In: Official LinkedIn profile. Retrieved January 21, 2019 .
  5. ↑ Holly Ryan Business writer, NZ Herald holly.ryan@nzherald.co.nz @HollyRoseRyan: Customers furious as Cryptopia halts trading . January 8, 2018, ISSN  1170-0777 ( nzherald.co.nz [accessed January 23, 2019]).
  6. ↑ Holly Ryan Business writer, NZ Herald holly.ryan@nzherald.co.nz @HollyRoseRyan: Bank closes Cryptopia account . January 31, 2018, ISSN  1170-0777 ( nzherald.co.nz [accessed January 23, 2019]).
  7. ↑ Bank pulls support for cryptocurrency platform Cryptopia. Retrieved January 23, 2019 .
  8. ↑ Suspended NZ crypto 'coins' to be re-released. November 8, 2018, accessed January 23, 2019 (Australian English).
  9. ↑ by Julian Boehm: What do we know about the Cryptopia hack? In: Coin-Ratgeber.de. January 23, 2019, accessed on January 23, 2019 (German).

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