Court Orders To Close Down Gatecoin Crypto Exchange

Gatecoin crypto exchange has been ordered by the court to shutdown all its operation and enter liquidation after an unsuccessful attempt to recover funds lost in a dispute. Its team stated: “Even after we managed to mitigate our loss by replacing that PSP with more reliable alternatives to process our clients’ transfers in September 2018, the situation did not improve because that PSP retained a large part of our funds.”

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Court Orders To Close Down Gatecoin Crypto Exchange

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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