Bitcoin Cash is introduced to Thomson Reuters Eikon platform

Now Eikon Platform gives direct access to Bitcoin Cash data to over 300,000 financial professionals
19 December 2017   2693

Eikon platform is Thomson Reuters' answer to Bloomberg Terminal – financial tracker for professionals working in hedge funds, asset management and other institutions. Thomson Reuters Corporation (NYSE: TRI), headquartered in Toronto, is a multinational information and mass-media company, which made a fortune as a financial info broker.

Eikon had Bitcoin tracking added back in mid 2014, and now expanded its services to cover Bitcoin Cash (BCH). This can be considered an answer to the main competitor Bloomberg, who recently added Ethereum, Ripple, and Litecoin coverage to their platform, seeing the rise of these major altcoins.

Bitcoin Cash recently has seen a rise in popularity, backed by Bitpay announcement from just a couple days before, that they will start BCH payment processing for invoices.

The topic at hand, namely adoption by Eikon platform, can be considered as a major step toward widespread adoption of BCH, Eikon being one of the flagship platforms for a variety of financial brokers and managers. The platform provides low-latency connection to a number of exchanges, deep-liquidity pools and OTC-traded markets.

Court to Dismiss BCH 'Hijack' Lawsuit

UnitedCorp claimed that it incurred significant losses due to the actions of the defendants, which are Kraken, Bitmain and Roger Ver
06 February 2020   217

The court dismissed the lawsuit of the mining company United American Corp. against the Kraken exchange, its founder Jesse Powell, Bitmain, its co-founder Jihan Wu and Roger Ver, who accused them of manipulating the Bitcoin Cash market and claimed $ 4 billion in compensation. As a reason for refusal, the court pointed to the lack of jurisdiction of the case and insufficient grounds.

UnitedCorp claimed that it incurred significant losses due to the actions of the defendants, who, after the emergence of Bitcoin SV in 2018, organized the so-called “hash war” and competed for 11 days to form the longest chain. The role of the Kraken exchange in these events was due to the fact that it was the first to decide to award a ticker for the BCH chain, also called Bitcoin ABC.

The simultaneous decrease in the price of Bitcoin Cash from $ 400 to $ 200 led to a significant drop in mining revenue of UnitedCorp. The firm claimed that the defendants violated the Sherman Act (the first US antitrust law proclaiming a crime to impede free trade by creating a trust and conspiring for such a purpose), Clayton's law, which also regulates the activities of trusts, demonstrated negligence, unintentional misrepresentation, improper enrichment and treatment property in their favor.

During hash wars, the amount of computing power in the Bitcoin Cash network reached 7.88 EH / s, whereas now it is 3.99 EH / s. Due to the actions of other miners, UnitedCorp could receive a significant part of the awards it had hoped for before, and the depreciation only worsened its position.

The court dismissed the claim without further restrictions. Thus, UnitedCorp is allowed to submit its revised version again until February 28th.