John McAfee about to launch court case against HitBTC

Posted 12 July, 2018

John McAfee, the founder of MGT Capital Investments and McAfee Security, has disclosed information about the coming complaint against HitBTC, bitcoin trading platform.

Back in June Macafee accused the exchange of too high fees for withdrawal of MTC coin. This coin is aimed for free medical services. However, he stated that the platform did not take any measures to enable clients to enjoy the only free medical services.

Although McAfee said that the exchange had given no response, HitBTC management actually stated that high MTC withdrawal fees were related to the fees of the Ethereum network.

Moreover, the exchange added that they did their best to ease the processes and the platform paid network fees for its own and did not write off fees from traders' ETH account.

Besides, HitBTC will be glad if John McAfee suggests his way to settle the issue, as the exchange representative commented. In particular, the platform thinks that one of the ways out is non-stop price monitoring, so users will not pay above the required amount. However, McAfee is said to provide $20 million for the suit against HitBTC.

It is worth mentioning, in May Karma Group filed a complaint with a Hong Kong court against HitBTC citing the fraud.

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12 July, 2018 12:18

← eToro considers crypto list expansion

The social trading platform – eToro – reportedly plans to expand the list of the cryptocurrencies supported on the exchange. The company is now considering potential six coins, with 4-5 of them to be added. The company representative did not indicate particular coins that are under consideration.

eToro considers crypto list expansion

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11 July, 2018 16:48

First-of-kind ICCO to take place in Malta →

Malta-based company Palladium in tandem with Bittrex exchange has announced the world’s first regulated Initial Convertible Coin Offering (ICCO). As stated Bittrex, the key feature of convertible coins is that the holders will be able to exchange coins into a stake in Palladium company within a 3-year period after the issue.

First-of-kind ICCO to take place in Malta
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