Exchanges to Support BCH ABC Hardfork

Exchanges to Support BCH ABC Hardfork

Several major exchanges have already announced their support for the soon-to-be BCH ABC upgrade; and Craig Wright, who backs BCH SV, is calling foul on an exchange’s short option for BCHABC/BCHSV

Binance, Bitfinex, BitPay, Coinbase, and Kraken announced they will be supporting the Bitcoin Cash ABC hardfork.

Binance would like to confirm support for the upcoming Bitcoin Cash hardfork. We will take a snapshot of all Bitcoin Cash balances at UNIX time 1542300000, 2018/11/15 4:40 PM (UTC). Deposits and withdrawals of Bitcoin Cash will be suspended starting from 2018/11/15 3:00 PM (UTC).

Binance statement

Initially Kraken will only support Bitcoin ABC, which follows the Bitcoin Cash upgrade roadmap published by… On November 15 Kraken will prepare its Bitcoin Cash (BCH) wallets to be Bitcoin ABC specific so that coins from any alternative chains will be retained and not sent out from our wallets in withdrawals.

Kraken statement

BitPay is advising its users to avoid transacting with BCH at least two hours before the fork as there is a possibility of risk of double-spending and lost transactions. BitPay also said it will not ‘migrate from Bitcoin ABC implementation of Bitcoin Cash’.

BCH/USD Trading Update

BCH consolidation has diluted at the start of the week. It is now trading at $516.38, down 5.26%. It has a market cap of over $9 billion, making it the fourth largest cryptocurrency.

Poloniex is Naked Shorting?

Poloniex opens the option for traders to trade BCHABC and BCHSV. According to a report, BCHSV surpassed BCHABC. But Craig Wright is not happy about the pre-trade offering, calling it a criminal offense.

BitMEX Research on the BCH Hardfork

Last week, 6 November, Finrazor reported that in anticipation of the upgrade, the research arm of BitMEX will be watching BTC nodes through Fork Monitor. The fork monitoring website is closely watching a total of 13 BTC nodes.

Bitcoin Cash

143.00 USD 1.20%
0.03615000 BTC -16.34%
Volume, 24h
150,450,657 USD
2,522,131,511 USD

Related news

Bitcoin Cash [BCH]: Roger Ver joins Jack Dorsey in calling for the creation of internet’s native currency CEO and Bitcoin Cash [BCH] advocate, Roger Ver called for the creation of a native currency for the Internet, echoing the sentiments of many cryptocurrency proponents that strive for a cryptocurrency to emerge from and take over the World Wide Web. His entire statement, released by his official Twitter handle said, “The internet defies national boundaries. It needs a currency that defies national boundaries.” Ver is not the first cryptocurrency proponent to voice support for a native currency to the Internet. What is surprising, however, is that Ver did not suggest that Bitcoin Cash will be a viable option for the same. On the other hand, there are some who back Bitcoin to emerge as the internet’s first native currency. Earlier this month, CEO of Twitter, Jack Dorsey backed Bitcoin as a potential native currency for the future, on Joe Rogan’s podcast, the Joe Rogan Experience. The Twitter CEO said, “I believe the internet will have a native currency and I don’t know if it’s Bitcoin. I think it will be Bitcoin given all the tests it has been through and the principles behind it, how it was created. It was something that was born on the Internet, was developed on the Internet, was tested on the Internet and it is of the Internet.” Dorsey, who is also the CEO of Square, Inc. said that his company was one of the first ones to talk to the Securities and Exchange Commission [SEC] about Bitcoin regulation. Roger Ver, who is also referred to as Bitcoin Jesus within the community, has long lambasted the Bitcoin community since BCH hardforked away from the top cryptocurrency, in August 2017. Ver previously implied that Bitcoin did not have any, “store of value,” as it lacked any, “industrial use.” He likened Bitcoin to gold, affirming the metal’s industrial use. Despite the Bitcoin Cash proponent not pushing, or even suggesting that BCH could be the ‘internet currency,’ Twitter users replying to Ver’s tweet gave their own picks for the currency. Twitter user Bakktstreet Boys thought this was Ver’s way of returning to the BTC camp. He stated: “So, you’re coming back to BTC?” To Ver’s original tweet, Ben Beideman added, “It does. However, the physical world also needs currencies that defy national boundaries and control by financial gatekeepers. That’s a big part of what makes this “internet currency” so exciting. Its power to change everything, just as the internet changed everything.” Others veered away from the Bitcoin, Bitcoin Cash and Bitcoin SV camps, suggesting other more centralized alternatives. Dazybabes_Berlin replied, “You mean an eco-friendly, decentrlized, fast #crypto that is liked by the #imf and not controlled by Chinese miners?! Something like #XRP” The post Bitcoin Cash [BCH]: Roger Ver joins Jack Dorsey in calling for the creation of internet’s native currency appeared first on AMBCrypto.

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