[BTC-TC] 2-month mining difficulty futures now unlocked

[rini17]

I know the news has only been out for a short period of time, but do you have plans for shareholders on BTCT now that they are shutting down?

Yes, as we posted on BTC-TC frontpage:

Due to imminent closure of BTC-TC, trading of CoinBr difficulty futures was halted. Preparations are underway to enable transfer into corresponding CoinBr.iDiff-E and CoinBr.iDiff-O assets on Bitfunder for everyone.

Long investors who don't want to create Bitfunder account will get payouts directly to their BTC address according to prospectus. They don't need to take any other action.

Short investors who did not sell the shares yet may return them to receive full collateral back before October 7. Please announce this intent to us first before transferring the shares.

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[rini17]

We just finished simple interface to safely request transfer of your shares to Bitfunder:

https://coinbr.com/btct/idiff_1

Transfer will be possible until 2 weeks before asset expiry (October 9 for CB.IDIFF-E, November 6 for CB.IDIFF-O). If you hold both -E and -O you need to fill it twice.

If you don't take any action here, untransferred IDIFF contracts will be paid out in due course as per the prospectus. Payouts will be sent directly to your bitcoin public address(not via BTCT). So you lose nothing, only trading of your shares will not be possible.

[rini17]

CB.IDIFF-E expired on Wednesday and paid out 0.02677312 BTC/share directly to shareholders' BTC addresses (or via Bitfunder to those who transferred shares there).