ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Tuesday Oct 16th 2018
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Contact Us

BitGrail Shuts Down … Again

By

Matthew

De Silva

WriterETHNews.com

In the space of three hours on Wednesday, BitGrail announced its re-opening and then promptly disabled operations once again.

On May 2, 2018, BitGrail – a cryptocurrency exchange based in Italy – announced to its customers that the exchange was resuming services after a several-week hiatus. "Given the probable overload of servers, it is possible that in the first hours there may be slowdowns in the functionality of the site," the exchange posted on Twitter.

Unfortunately, exactly three hours and eleven minutes later, the BitGrail Exchange tweeted once again:

On its website, the exchange posted an explanatory note:

"This morning, following the re-opening, we were notified of a deed by the court of Florence requesting the immediate closure of BitGrail and this situation will persist until a decision is made by the courts, about the precautionary suspension request made by the Bonelli law office on behalf of a client."

BitGrail said that a decision is slated for May 16, 2018 – just two weeks from today. "Even though we don't agree with this decision, we are obliged to respect the law and to suspend any BitGrail business immediately," the exchange added.

Readers may remember that the Italian cryptocurrency exchange was apparently robbed of approximately $170 million worth of Nano tokens in February 2018. Last month, ETHNews reported on a class action lawsuit by a collection of Nano investors.

Matthew De Silva

Matthew has a passion for law and technology. He graduated from Georgetown University, where he studied international economics and music. Matthew enjoys biking and listening to tech podcasts. He lives in Los Angeles.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest BitGrail, exchange or other Ethereum wallets and exchanges news.