BTC-e Relaunches Site But With Limited Functionality

Some info about btc if u are new here!!
What is the meaning of bit coin?
Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country's central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.

How a Bitcoin is made?
New bitcoins are generated by a competitive and decentralized process called "mining". This process involves that individuals are rewarded by the network for their services. Bitcoin miners are processing transactions and securing the network using specialized hardware and are collecting new bitcoins in exchange.

How old is Bitcoin?
Bitcoin is 8.36 years old.
The software has been running and the blockchain has been growing since January 3, 2009 at 2:15PM EST, when the genesis block was created. The paper, Bitcoin: A Peer-to-Peer Electronic Cash System, was published on October 31, 2008 at 2:10PM EST.

What is mining in Blockchain?
Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.

Is the Bitcoin legal?
Bitcoin is of interest to law enforcement agencies, tax authorities, and legal regulators, all of which are trying to understand how the cryptocurrency fits into existing frameworks. The legality of your bitcoin activities will depend on who you are, where you live, and what you are doing with it

What is block chain technology?
What is a 'Blockchain' A blockchain is a public ledger of all Bitcoin transactions that have ever been executed. It is constantly growing as 'completed' blocks are added to it with a new set of recordings. The blocks are added to the blockchain in a linear, chronological order.

good news for btc-e traders

BTC-e has kept its promise to relaunch the website…sort of. The domain http://btc-e.nz was active today, though not accessible to users in some parts of the world, notably the US, due to regulations.

the domain was seized after the arrest of Alexander Vinnik in Greece in July on charges of money laundering, specifically, the laundering of the stolen Mt. Gox Bitcoins.

The administrators of the site claim to be transferring user data to a yet-unnamed new business entity which will open on or around September 15th. The new entity is to be fully compliant under the current European regulations for investment firms.

Whether the relaunch continues and users have additional access to funds remains to be seen. The site’s representatives have assured clients that the site would eventually be functional and that losses would be reimbursed.