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Important information about ETH Merge

by Company Announcements

Important information about ETH Merge

The Ethereum Merge is the joining of Ethereum’s Proof-of-Stake (PoS) Beacon Chain with the Ethereum Mainnet to transition the Ethereum blockchain off the legacy Proof-of-Work (PoW) system.This will result in a huge reduction in Ethereum’s energy consumption, and the ability to further scale the Ethereum ecosystem.

The switch will move the entire blockchain over to new Proof-of-Stake validator nodes which require staking or locking up, 32 Ether (ETH) to join. Ether tokens will remain exactly the same for investors, and there should be no change to the operations of Ethereum-based applications.

Due to the Merge, AltumBrokers will temporarily disable deposits and withdrawals related to the ETH network (ETH & USDT on the ERC20 Network) from the 14th of September until the end of the Merge.

The early transactions disabling is set in order to avoid unverified cases and any funds of our clients being lost as there is no clear time or date. The rough estimate of when this is expected to occur is tomorrow between 3am and 6am UTC.

Note that the CryptoConvert tool will still work as normal, meaning that if you want to use USDT or ETH as a base currency when trading, you can deposit into one of the available currencies and then use the tool to convert your funds.

Have questions?

Check out our Leverage Margin Calculator for easy calculations.

Reach out to our 24/7 Support team and we’ll be happy to help!

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Important ADA Upgrade Information

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Important ADA Upgrade Information

After months of delays caused by technical issues due to the Alonzo hard fork last September, Cardano (ADA) has scheduled a new hard fork for the 22nd of September 2022. A hard fork is a permanent update to a blockchain protocol that makes the new network backward-incompatible with previous blocks, often used to add or fix features of a blockchain.

The Vasil upgrade will significantly improve the capabilities of the leading proof-of-stake blockchain. With the help of Plutus V2, the upgrade will create smart contract capabilities and scripts that are attached directly to output for greater efficiency and elimination of the need for hashes while reference inputs will make it possible to share data on-chain by avoiding additional steps.

New reference scripts will make it possible for developers not to include a script in a spending transaction. Diffusion pipelining will ensure faster block propagation and significantly improve the blockchain’s performance. The ‘d’ parameter will be completely removed, making it possible to start re-federarion.

Vasil is the most significant Cardano upgrade to date, bringing increased network capacity and lower cost transactions.

AltumBrokers might set ADA pairs to Close Only mode for a few hours during this process, which means that no new positions can be opened. Pre-existing open positions can however be closed. We will continue to offer ADA pairs for trading for as long as we receive pricing from our liquidity providers.

Have questions?

We’re available 24/7 to help you.

You can email us, or send us a message on WhatsApp, Telegram or Messenger!

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Important THT Upgrade Information

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Important THT Upgrade Information

On the 28th of September 2022, THETA developers will perform the v4.3.0 upgrade via a hard fork that will enable the support of wrapped THETA (wTHETA) as a TNT20 token and the staking THETA (TFuel) for a great utility increase. This will allow THETA to be used within smart contracts, which normally isn’t possible as a native token.

This critical upgrade will permit THETA to be used in Theta-based Dapps, for DeFi, or within Metamask wallets among many other use cases. Staking THETA will be possible through smart contracts, which makes pooled staking easier and allows users to create a wider variety of staking products.

The upgrade will require the creation of wTHETA in order to register a subchain and to post THETA collateral for the subchain validators.

AltumBrokers might set THT pairs to Close Only mode for a few hours during this process, which means that no new positions can be opened. Pre-existing open positions can however be closed. We will continue to offer THT pairs for trading for as long as we receive pricing from our liquidity providers.

Have questions?

We’re available 24/7 to help you.

You can email us, or send us a message on WhatsApp, Telegram or Messenger!

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Apple removed MT4 & MT5 from App Store

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Apple removed MT4 & MT5 from App Store

Following the decision by Apple to remove both MT4 and MT5 from the App Store, MT5 will no longer be available for new users to download. However, existing users can still use the app while all trades will remain unaffected, and trading can be performed as normal on both iPhone and iPad.

Please ensure that you do not update or delete the MT5 iOS App, as you may lose access to the App on your iPhone or iPad.

New users that only have access to AltumBrokers via Apple products can use the WebTrader Terminal for their trading.

Apple’s decision will only affect new users who try to download the Apps on iOS, while the ability to trade MT5 via Android and desktop devices remains unchanged.

Have questions?

We’re available 24/7 to help you.

You can email us, or send us a message on WhatsApp, Telegram or Messenger!

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