Day: August 2, 2017

Coin Sciences has announced the production-ready version of its long-in-development private blockchain offering, MultiChain.

An increasing number of trading platforms have started trading Bitcoin Cash (BCH, BCC), the new cryptocurrency resulting from the blockchain split on August 1.

Also read: Japanese Exchanges Embracing Bitcoin Cash Post-Fork

At 7 AM UCT on August 2, the 24-hour trading volume for Bitcoin Cash is approximately $130 million, according to Coinmarketcap. The new cryptocurrency is already ranked No. 3 among all cryptocurrencies, behind only bitcoin and ether.

Bittrex

Bittrex offers BCC/BTC, BCC/ETH and BCC/USDT trading pairs. Its collective 24-hour trading volume for all three pairs was at the time of writing approximately $59 million, with the BCC/BTC trading pair accounting for over $54 million volume.

Kraken

Kraken opened BCH trading on August 1 at 13:24 UTC, shortly after the last common block on both chains, 478558, was mined. Trading began before customers were credited with BCH, leading to some criticisms. By 18:38 UTC, Kraken announced that all customers had been credited. The site had some problems as customers were trying to trade the new cryptocurrency. One customer tweeted, “BCH credited, disappeared, reappeared. Several crashes, but finally managed to sell some XBT for BCH.”

Three trading pairs are available on Kraken; BCH/EUR, BCH/USD, and BCH/XBT, with a collective 24-hour trading volume of approximately $49 million.

Viabtc

Viabtc announced on August 1 that it had started BCC deposits and withdrawals, stating that:

BCC deposits to Viabtc will be available for trading after 1 confirmation and withdrawal after 20 confirmations.

In contrast, bitcoin deposits will be available for trading after 1 confirmation and withdrawal after 6 confirmations. BCC/CNY and BCC/BTC and the two trading pairs available.

Bter

Bter has about $4.3 million 24-hour trading volume for its two trading pairs BCC/CNY BCC/BTC. The former accounts for $4.26 million and the latter only $44,860 in volume.

The Big Three Chinese Exchanges

Huobi
Huobi announced that Huobi.pro will start trading BCC/BTC on August 2 at 2:41 Beijing time. Unlike Huobi.com which is a fiat-blockchain asset trading platform, Huobi.pro is a blockchain asset-only trading platform. It was launched on July 28.

Okcoin’s Okex
Okex stated that “in response to a large number of users’ requests, Okex has decided to enable BCC / BTC trading on August 1, 23:00 (Beijing time) 2017,” the company wrote.

BTCC
BTCC has announced that its “BTCC DAX and USD Exchange will not support BCC deposits or trading for the time being.” However, its Justpay customers will be able to trade BCC/CNY on BTCChina’s Blockchain+ trading platform. Blockchain+ is BTCChina’s new platform for trading ETH and ICOCOIN with CNY.

BCC Also Trading on These Exchanges

Hitbtc offers BCC/BTC, BCC/USD, and BCC/ETH trading pairs. Their collective volume is about $1.7 million, according to Coinmarketcap.

Yobit opened trading for Bitcoin Cash on July 31 with two trading pairs, BCC/BTC and BCC/USD.

Cryptopia, a New Zealand-based digital asset exchange, offers BCH/BTC, BCH/LTC and BCH/DOGE trading pairs with a collective 24-hour trading volume of approximately $220,000.

Nova Exchange offers BCC/BTC, BTC/LTC, BCC/DOGE, and BCC/ETH with an overall 24-hour trading volume of $138,000.

The Rock Trading offers BCH/BTC with only $40,990 of 24-hour trading volume.

Coinexchange offers BCH/BTC trading with a 24-hour trading volume of $17,809.

Stocks.exchange offers a BCC/BTC trading pair with a 24-hour trading volume of only $30.

Which exchanges would you like to see trade Bitcoin Cash? Let us know in the comments section below.

Images courtesy of Shutterstock, Bittrex, Kraken, Viabtc, Bter

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The post These Exchanges Are Now Trading Bitcoin Cash appeared first on Bitcoin News.

National police forces in Europe are seeking new cash for research on how to tackle cybercrimes involving digital currency.

The post Swedish Police to Seek EU Funds for Cryptocurrency Research appeared first on CoinDesk.

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GitHub is facing a potential legal challenge from OKPAY after suggestions from users its CEO was “working closely” with Bitcoin Exchange BTC-e.

On September 7, Daniel Zakrisson, one of Cofound.it’s founders, will share his experience in conducting a successful crowdsale campaign and reveal the ICO opportunities at Blockchain & Bitcoin Сonference Stockholm. In June 2017, his own Cofound.it platform, designed for investment-seeking and startup financing (the project was designed by the team of ICONOMI blockchain project), raised … Continue reading Daniel Zakrisson, speaker at Blockchain & Bitcoin Conference Stockholm, to answer 5 key questions regarding crowdsale

The post Daniel Zakrisson, speaker at Blockchain & Bitcoin Conference Stockholm, to answer 5 key questions regarding crowdsale appeared first on NEWSBTC.

On August 1st the Bitcoin blockchain forked into two separate networks producing a digital currency called Bitcoin Cash (BCH). Currently, there’s been a total of twelve BCH blocks mined so far as two mining pools have been dedicating resources to the forked chain.

Also read: Fork Watch: BCH — The Ghost in the Exchange — Mostly

Bitcoin Cash Becomes the Third Highest Valued Cryptocurrency Market Cap  

Yesterday we reported on the genesis day of — Bitcoin Cash — A historical event that will be forever remembered in cryptocurrency history as people witnessed the Bitcoin ‘community’ go separate ways with entirely different visions. Since the split, the price of BTC has consistently remained stable at roughly $2700. Meanwhile, BCH has been trading at around $475-590 per token beating out litecoin in market capitalization. Every exchange trading so far has had different prices per BCH producing significant spreads between each trading platform. According to popular market cap data sites like Coinmarketcap.com and Coincap.io Bitcoin Cash is the third highest valued market.

Currently, fifteen cryptocurrency trading platforms are trading BCH including Bittrex, Kraken, Yobit, Viabtc, and more. On August 1st many Japanese exchanges announced supporting BCH trading as well over the next few days. Further, the currency is seeing over $129 million in 24-hour trades and is holding the fourth highest trading volume across global cryptocurrency markets. So far the currency is paired with currencies like CNY, USD, EUR, Bitcoin (BTC), Tether (USDT), and even Doge.

The Unknown ‘MC Pool’ and the Successful Parting

There are two mining pools dedicating resources to the BCH chain Viabtc, and an unknown mining pool called “MC Pool.” The anonymous pool has mined roughly half of the twelve BCH blocks mined so far and is possibly located in Hong Kong. These specific BCH blocks’ coinbase data reveal an address to a backpackers hostel called Kwong Wah Mansion. Currently, MC Pool is finding the majority of BCH blocks but both pools seemed to have dropped a good portion of their hashrate as of August 2.

At the moment an exact hashrate of both pool’s efforts combined and the random miners worldwide mining the currency is unknown. However, people are currently speculating with data that there could be roughly 2-4 percent of the BTC network hashrate pointed at the BCH chain. A difficulty adjustment triggered at 09:40 UTC but has yet to activate. Further, the first BCH block was close to 2MB in size containing over 6K transactions but proceeding blocks have had very low transaction counts and various byte sizes per block.

 The Chick Has Hatched But Still Has an Uphill Battle

So far for both blockchains, the transition has been smooth all around, and this includes trading markets. The apocalyptic scenarios never happened, and Bitcoin successfully hard forked showing that it can be done without chaos. Both sides of the debate did well informing the masses of what would happen and how to manage the two cryptocurrencies after the split. There were even people from the Reddit forums r/bitcoin and r/btc congratulating each other for going separate ways amicably. At the moment ‘small blockers’ are getting what they want with the upcoming arrival of Segwit, and ‘big blockers’ now have a protocol with a block size limit of 8MB.

There is still a long uphill battle for BCH to ‘survive’ and people will be monitoring this situation closely. The price has yet to be determined as exchanges are just coming back online and many people have not been moving BTC, and BCH over the past 24-hours. The BCH price has been extremely volatile over the past 12 hours. Some people with certain wallets are still unable to access their BCH so trading circulation and market liquidity is still very low. Furthermore, when difficulty adjusts it will drop 20 percent but the chain still needs more hashpower to flow smoothly. As of now, the chain is running very slowly which means it is not very profitable for miners at the moment and clearing transactions will take longer than usual. 

What do you think about the events over the past 24-hours? Let us know in the comments below.

Images via Shutterstock, Blockchair, Coinmarketcap, and Coin Dance. 

Bitcoin.com’s store features a wide range of interesting Bitcoin-related products. Looking for a hardware wallet? We got ‘em. Want a good-looking t-shirt? It’s there. Want to gift a nice Bitcoin coffee mug? Go shopping.

The post Bitcoin Cash Now Third Highest Valued Cryptocurrency Market Cap appeared first on Bitcoin News.

Litecoin Founder Charlie Lee brushes off any worries and anxiety regarding Bitcoin Cash’s coming into the picture of growing altcoin scene.

Litecoin CEO Charlie Lee brushes off any worries and anxiety regarding Bitcoin Cash’s coming into the picture of growing altcoin scene.

Cryptocurrency market maker B2C2 is reportedly suing the exchange over major bitcoin trades it alleges were unfairly reversed.

The post Quoine Exchange Sued Over Multimillion-Dollar Bitcoin Trade Reversal appeared first on CoinDesk.

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There is still a lot of uncertainty regarding Bitcoin Cash right now.  More specifically, there are a lot of exchanges still on the fence on whether or not they should support this altcoin. All of the major Japanese exchanges will seemingly do so, though. Customers will be created with the new BCH tokens accordingly. Moreover, … Continue reading Most Major Japanese Exchanges Will Embrace Bitcoin Cash After all

The post Most Major Japanese Exchanges Will Embrace Bitcoin Cash After all appeared first on NEWSBTC.

Comparing a blockchain fork to a stock split? It might seem like a nice idea, but the comparison falls apart on closer inspection.

The post Why a Bitcoin Fork Is Not a ‘Stock Split’ appeared first on CoinDesk.

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Bitcoin’s second day as two Blockchains is seeing continued volatility in Bitcoin Cash and calm at BTC.