BANK HOLIDAY: 6 September 2021 – USD payments paused

Due to the upcoming federal US holiday on Monday, 6 September 2021, all Qovex USD incoming and outgoing payments will be paused.
Weekly News Roundup – 30 Aug 2021

Crypto moves fast and it can be hard to keep up with all the developments. To help you stay on top of what’s going on across the industry, we’ve created this overview of the key news from last week.
As we conclude the decade, we look all the way back to 2011 as well as to the future

We honor the passing of a decade, and our eyes are set on the future as we celebrate our 10th anniversary with our community. We reminisce as well as rejoice looking at all the new prospects on the horizon.
Emergency response drills

Hardening your infrastructure, applications, writing up procedures and most of all educating your employees on how to handle tough situations is priceless. ER drills are part of that process and prove to be an invaluable tool in the chaos that is the world of engineering.
Top 10 tips to securely handle your crypto

Read about the basic safe practices of handling your funds and managing your account and shed some light on what you can (and can’t) expect from our representatives, so you’ll always be able to tell them apart from any impostors trying to scam you.
What are blockchain nodes?

A blockchain node is one of numerous devices that run the blockchain protocol software and usually store the history of transactions. Nodes connect to each other in a decentralized peer-to-peer network, and they're essential for maintaining the honesty of the entire network.
What is block size?

As you know by now, blocks are containers holding a record of transactions on the blockchain. And just like any other container, a block can only hold so much information.
What is block time?

In blockchain technology, a transaction is never instant. It can only take place once a block containing the transaction data has been generated. The time needed to create this new block is called block time.
What is blockchain mining?

In the cryptocurrency industry, mining means adding new blocks of data to a blockchain. Cryptocurrency miners have to find a solution to a complex mathematical problem before they can create a new block. They are then rewarded with newly-created coins of cryptocurrency.
Withdrawal fees for KNC and USDT increased

We recently made a temporary increase to our KNC and USDT withdrawal fees to reflect the rising costs of ERC-20 tokens' transactions.