Major Exchanges Add Support for Ethereum Classic
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....
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Kraken has announced its acceptance of Ethereum Classic (ETC) tokens following Ethereum’s successful hard fork last week. Kraken ‘Elects to Support’ Classic. In a statement released today, the exchange said it “elected to support classic ether along with most of the major Ethereum exchanges.” Kraken will offer ETC/XBT, ETC/ETH,ETC/USD and ETC/EUR pairs.....
BTCC, a major Chinese Bitcoin exchange, recently launched a new USD-to-Bitcoin exchange. Upon its successful US debut, the company announced its support for Ethereum Classic over ETH. On July 26, the Ethereum development team completed its hard fork to protect investors against the DAO attack. Almost immediately after the hard fork execution, Ethereum Classic emerged, to maintain the original governance model of Ethereum. Leading Bitcoin exchanges, including Kraken and Bitfinex, have supported both Ethereum Classic and Ethereum since, considering large market caps of both ETC and ETH.....
The Ethereum hard fork executed last week as a means of reimbursing investors who lost funds in the collapse of a major project has resulted in the creation of a competing currency on a blockchain replicating the platform’s original consensus rules prior to the fork. Announced last week, a project called Ethereum Classic is continuing to mine a version of the blockchain in which funds were never restored to investors in The DAO. As observed here, the Ethereum Classic blockchain is now approximately 4,000 blocks behind the ethereum blockchain supported by ethereum’s original developers and....
As a response to the divided support of the community, developers, and miners, Ethereum co-founder Vitalik Buterin has made clear that he has no intentions to support Ethereum Classic, even if it surpasses the market value of Ethereum. On August 1, Buterin announced his decision to devote himself to the development of Ethereum. Notable companies including Coinbase and other developers have since continuously shown support towards Buterin and Ethereum, refusing to provide ETC-related features and trading services. However, as the support for Ethereum Classic from miners, developers, and....
Ethereum Classic went from a protest vehicle to a more serious project this weekend following notable nods of support from major exchanges and community members. That momentum continued today as activity surrounding its new blockchain continued in earnest, and market participants voiced their enthusiasm for the effort. Now, the eighth largest digital currency with a $37m market cap, Ethereum Classic is listed on several exchanges and has quickly built up a small network of services. For those who haven't been following, the rise of Ethereum Classic is the latest twist in the narrative....