Bittrex’s Bill Shihara on Ethereum Classic and Poloniex
Bitcoinist recently spoke with Bill Shihara, CEO of Bittrex, an online cryptocurrency exchange that is based and regulated in the United States. Bittrex prides itself in being “market neutral,” having listed and supported 190 different cryptocurrencies on its platform. Bill offered his opinion and insight on the recent Ethereum hard fork, and the events that have transpired including the rise of Ethereum Classic and Poloniex’s decision to trade it. Bill Shihara on Ethereum Classic and Poloniex. What do you think of the recent hard fork and the subsequent rise of Ethereum Classic? We’re....
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While some miners are attacking Ethereum Classic, the spin-off blockchain based on the consensus and protocols of the original Ethereum blockchain continues to gain support. After miner Chandler Guo announced he and other miners plan to attack Ethereum Classic Tuesday, Bill Shihara, CEO of Bittrex, a cryptocurrency exchange, contacted CCN express his skepticism about the miners’ attacks. Guo said he, assisted by other miners, will 51% attack Ethereum Classic as soon as possible. Guo said that they would isolate any block so that transactions cannot be confirmed, which was necessary because....
The support of Poloniex and overall optimism displayed by the Ethereum community spurred the growth of Classic chain, reaching a US$165 million market cap and surpassing the daily volume of Ethereum in a matter of hours. Following the announcement Poloniex on July 23, major digital currency exchanges including Kraken and Bitrex have added support for Ethereum Classic. Amidst the integration of Ethereum Classic support, Poloniex received both criticism and admiration from the Ethereum community, for going against the norm to support the Ethereum Classic project and its users. The support of....
The Ethereum community had a hard fork this past week, and many celebrated a successful implementation. However, not everyone was enthusiastic about the fork as it only received 85% of the network’s hashing power. The Ethereum blockchain split into two, and the minority has been mining and now trading via Poloniex a “new” token supply called Ethereum....
Vitalik Buterin, co-founder and developer of Ethereum, revealed in an online community that the Ethereum foundation or the development team have already sold 90 percent of their shares of Ethereum Classic over the past six months. Ethereum Classic, a spin-off project of Ethereum described as the continuation of the original Ethereum Blockchain by its founders and developers, was created after the execution of a controversial hard fork designed to bailout investors of the DAO. Miners and developers who felt that Ethereum demonstrated centralized governance continued to mine blocks of the....
This is quite an interesting statement, as BTC-E claims their users have transferred their own ETC funds to the Poloniex exchange. The world of cryptocurrency seems very divided when it comes to Ethereum and Ethereum Classic right now. Cryptocurrency exchange BTC-e went as far as calling Ethereum Classic a”scam,” as they have no plans to support it. However, various of their ETH users are eligible to receive ETH tokens for funds stored before the hard fork took place. Will the company pay that funds to the rightful owners, or will they keep the ETC to sell it and reap the profits? BTC-E....