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 ---

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

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


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

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us
ETHNews will sunset at the end of August. The site will remain accessible for a few weeks while necessary maintenance is performed. Thanks, as always, for reading.

Gatecoin to Reopen Exchange After Raising $500K




After suspending operation in May due to a breach, Gatecoin raises $500,000 to reopen exchange.

The Hong Kong-based exchange Gatecoin announced the company has raised $500,000 in order to reboot their trading platform in August.

Back in May, Gatecoin suffered from a major breach resulting in 250 BTC and 185,000 ETH stolen. Those assets represented 15 percent of the company’s deposits.

With the funds raised by a listed Japanese investment company, the CEO of Gatecoin, Aurélien Menant wrote out a blueprint on how to rebuild the company. Menant explains the funds will be used to enhance their security infrastructure and upgrade their team. This resulted in the termination of the CTO. The new CTO now has vast knowledge of security and securing financial systems.

Menant continues:

Once onboard, the new CTO and additional engineers will be tasked with designing, monitoring and maintaining a new security infrastructure to ensure that clients’ ETH withdrawals and later, the trading platform, are fully protected from all manner of cyberattacks and breaches.

The remaining funds will be used to fully reimburse all users who lost ETH during the breach. As of right now, Gatecoin was able to recover 5,000 ETH with a little help from the US-based exchange Poloniex.

“We are still negotiating with several clients on the terms and procedures of USD multi-million block trades, from which we would be able to reimburse a part of the stolen ETH funds from our own pocket,” Menant writes.

The company will announce when their clients will be able to withdraw their stolen funds. With their new CTO and an equity investment from a listed Japanese investment group, Menant hopes that will be enough to satisfy future investors to contribute to their recovery. Names of both the CTO and Japanese investment group have not been released to the public.

Gatecoin is working tirelessly with the Cyber Security and Technology Crime Bureau of the Hong Kong Police Force to analyze the breach. However, since this is an ongoing investigation, Gatecoin cannot provide any new details. A report is likely to be released in another several months.

Danielle Meegan

New Hampshire native Danielle Meegan is a writer based in Los Angeles. She has been published in a couple of sports and entertainment magazines and newspapers throughout the years and has dabbled with multiple virtual currency exchanges to understand the 'ins and outs' of trading. Danielle has invested in over 15 different virtual currencies, including Ether.

ETHNews is committed to its Editorial Policy

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