Major ETH Exchange CHBTC U-Turns, Will List Ethereum Classic In Response To Demand
CHBTC, China’s largest ETH exchange, announced Monday it will list Ethereum Classic in response to rising demand. The move reverses the exchange’s previous statement last week that it would not support ETC. The announcement on Monday noted the exchange is neutral and does not judge the values and ethics of the currency. CHBTC has stated there are risks users will be exposed to, including price fluctuation and network instability. The announcement also noted the ETC blockchain is considered to be low powered. The exchange said it will continue to maintain monitoring the situation. It urged....
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Hi, thank you for the interview. Many of our readers are not familiar with yourself. Could you please give us a brief introduction? Hello, I’m Dawei Lee, chief executive officer of CHBTC, which is one of the mainstream digital currency exchanges in China. Before founding CHBTC, I have served successively as marketing executive, product manager and operations director when worked for many Top 500 enterprises. I am a firm believer and an early adopter of digital currency, such as Bitcoin. Thank You. I’ve heard of CHBTC in passing, but could you tell us a bit more? Founded in 2013, CHBTC is....
Due to popular demand, another major exchange is listing Ethereum Classic, giving Chinese traders more access to the market via ETC/fiat pairs. If trends are to be followed - more exchanges will follow suit. Classic listing. Huobi shared somewhat of a surprise announcement to traders that Ethereum Classic will begin trading on July 13 at 12:00 GMT +8 and ETC deposits will begin 24 hours earlier on July 12. The exchange is giving traders who deposit early incentives such as bonuses for deposit volumes and trading volumes. Ethereum Classic was selected due to popular demand based on a vote....
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....
Ethereum Classic is preparing another hard fork. It was announced in statements published last week that the project’s development and mining community is committing to a change in its monetary policy by December of this year. Essentially a move to a new protocol, all current Ethereum Classic users and miners should have upgraded their software by then. If everyone does not upgrade their software, the project can split into two incompatible networks, blockchains and currencies. Of course, that is exactly how Ethereum Classic itself broke away from the Ethereum Foundation’s Ethereum last....
It goes without saying this debacle has been spurring a new debate among Ethereum enthusiasts. Many people feel the developers should send a cease and desist letter to the ETC developers for violating the Ethereum trademark. Although things have been relatively quiet around the DAO for some time now, a new development has occurred. A large amount of Ethereum Classic funds was still eligible for withdrawal by the hacker. As it turns out, the funds have been moved several hours ago. However, the ETC price across exchanges is not dipping, and the coins are not being dumped. Ever since The DAO....