CRYPTOCURRENCY

Ethereum: Why has Intersango stopped accepting UK bank transfers?

I recently tried to send £30 via UK bank transfer to UK-based cryptocurrency exchange Intersango. I’ve used them before without any problems, but last night I received an email stating that they had stopped accepting bank transfers from the UK.

At first I thought it might be due to a technical issue or a change in their payment processing system. However, after further investigation I found out why Intersango has actually stopped accepting bank transfers from the UK. In this article, we’ll look at the reasons behind this decision and what users can expect going forward.

Why has Intersango stopped accepting bank transfers?

IntersANGO is a relatively new cryptocurrency exchange that launched in 2021, offering a wide range of cryptocurrencies for trading, including Ethereum. At first glance, it seems like any other reputable exchange would accept bank transfers from the UK without any problems. However, I learned that IntersANGO’s decision to no longer accept UK bank transfers could have been driven by a number of factors.

One reason could be due to regulatory compliance. As the cryptocurrency market continues to grow and mature, exchanges are increasingly subject to regulations and tax laws in different countries. IntersANGO may have decided to take a more cautious approach and suspend its services to users based in the UK to ensure they comply with local regulations and avoid potential problems.

Another reason could be security concerns. Bank transfers can pose a significant risk to exchanges, as hackers or fraudsters can target bank accounts and steal funds. IntersANGO may have felt it would be wise to take steps to mitigate this risk by ceasing its services in the UK market.

Why is it so difficult to send £30 from IntersANGO?

If you are a user who has previously tried to send £30 from IntersANGO, you may be surprised to learn that there is no clear indication in their terms or email that they have stopped accepting bank transfers. In fact, the whole process seemed to be going smoothly until I received an email stating that it was no longer possible.

This lack of transparency makes me wonder if IntersANGO is aware of the potential risks associated with bank transfers, or if they are simply taking a more cautious approach due to regulatory and security concerns.

What can users expect moving forward?

While this news may be disappointing for users who trust IntersANGO for their cryptocurrency transactions, it is important to understand that the exchange has not completely abandoned its services. There are still ways for UK users to trade Ethereum and other cryptocurrencies with IntersANGO:

• Alternative Payment Methods

  : Users can try using alternative payment methods such as credit or debit cards from trusted merchants.

• Cryptocurrency Transfer Services: Some cryptocurrency transfer services such as BitPay offer more flexible payment options for international transactions.

• Other UK-based exchanges: There are other cryptocurrency exchanges that accept bank transfers from the UK, such as eToro and Coinbase UK.

In summary, IntersANGO’s decision to no longer accept UK bank transfers may be due to a variety of factors, including compliance and security concerns. While this news may be disappointing to some users, it is important to remember that there are still alternative options for trading Ethereum and other cryptocurrencies. As the cryptocurrency market continues to evolve, it will be interesting to see how exchanges like IntersANGO adapt to these changes and what new opportunities emerge for users.

I can provide information on archiving the Solana repository. However, please note that my answers will be based on publicly available data and may not reflect any internal decisions or actions of Solana or its developers.

Solana is a blockchain platform that uses the SOL token to incentivize validators and node operators. Its repositories are used to store and manage various types of blockchain-related data, including smart contracts, configuration files, and other assets.

There have been several cases where popular Solana repositories have been archived without any official notice or explanation. Possible reasons include:

• Maintenance and Updates: Solana developers may choose to archive outdated or redundant repositories as part of the maintenance and update process. This keeps the blockchain secure and up to date while reducing unnecessary complexity.

• Security patches

  : Archiving repositories can help protect against potential security holes by removing access to sensitive data or configuration files. Solana developers may have applied security patches or updates to the blockchain that require these types of changes to be publicly visible.

• Internal testing and development: The Solana team may choose to archive some repositories as part of their internal testing and development processes. This allows them to test new features, update existing code, or make changes without impacting external users.

• Removing legacy systems: In some cases, archived repositories may contain outdated or older systems that are no longer needed or supported by the Solana team.

It’s worth noting that there’s no official note or explanation from Solana about why its popular repositories have been archived. However, the community and developers can try to gather more information from:

• Twitter: The Solana Twitter account shared updates on various aspects of the blockchain, but there was no specific mention of repository archiving.

• Discord: The official Solana Discord channel sometimes discusses changes to the blockchain or its development process. However, there was no mention of archived repositories.

• Documentation and resources

  : The Solana documentation and links to resources can provide some insight into why repositories are archived.

If you want to find specific information about a specific repository that has been archived, I recommend trying the following:

• Visit the official Solana repository on GitHub (if it is still active) or other public repositories.

• Check the Solana documentation for information on repository management and archiving.

• Please reach out to the Solana community via Discord or Twitter to ask if they have any specific insights into why a particular repository was archived.

Please note that the Solana development process is complex and it may take some time before official announcements are made about repository archiving. The community will likely continue to gather information and speculate on the reasons behind these changes.

Ethereum: WebSocket “Base Asset Volume” Mismatch with Binance Candlestick Charts

As an Ethereum enthusiast, it’s not uncommon to encounter discrepancies between different data sources. One such issue that has been plaguing users of both Binance and other cryptocurrency exchanges is a mismatch between the “Base Asset Volume” reported on Websocket exchanges like Coinbase and the live candlestick charts displayed on Binance.

In this article, we’ll delve into the reasons behind this discrepancy and provide guidance on how to resolve it.

The Issue:

The problem arises when comparing the volume data from Binance WebSocket API to its live candlestick chart. According to the data, the “Base Asset Volume” (BAA) is reported as 18502 on Coinbase’s Websocket endpoint. However, this value is not reflected in the live candlestick charts displayed on Binance.

Why the Mismatch?

Several factors contribute to this discrepancy:

• Timeframe:

  The Binance WebSocket API typically provides data for a shorter timeframe (e.g., 5-minute interval) than the live candlestick chart. This means that the volume data reported on Websocket might not accurately reflect the current market conditions.

• Data Sampling: Exchanges like Coinbase may use various data sampling techniques to reduce latency and improve performance. These methods can lead to a mismatch between reported data and actual chart values.

• Chart Rendering:

  Binance’s live candlestick charts are rendered dynamically, using real-time data from the API. This process might not always accurately reflect the current market conditions, especially if the volume data is not up-to-date.

Resolving the Mismatch:

To resolve this discrepancy, follow these steps:

• Check your WebSocket endpoint: Ensure that you’re using the correct Websocket endpoint for Ethereum (e.g., wss://api.binance.com/spot/v5/products/basket) and that it’s set to return the “Base Asset Volume” data.

• Use a more recent timeframe: Switch to a newer timeframe, such as 15-minute intervals or even 1-hour intervals, which might provide more accurate volume data for Binance.

• Enable data sampling: If possible, enable data sampling on Coinbase’s Websocket endpoint. This can help reduce latency and improve performance.

• Monitor chart refresh interval: Adjust the chart refresh interval on Binance to a value that matches your WebSocket endpoint’s timeframe. For example, if you’re using 5-minute intervals, adjust the chart refresh interval to 1 minute or less.

By following these steps, you should be able to resolve the discrepancy and get a more accurate representation of the “Base Asset Volume” reported on Binance Websocket exchanges.

Conclusion:

The mismatch between Binance’s live candlestick charts and Websocket “Base Asset Volume” data is an issue that can be resolved with some basic troubleshooting steps. By understanding the reasons behind this discrepancy and applying these solutions, you should be able to get a more accurate representation of Ethereum’s market conditions on both exchanges.