Bitcoin Cash price surge

A close up of Bitcoin Cash price surge and possible volatility
02 August 2017   2713
Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

Bitcoin Cash (BCH, BCC) is a hard forked version of the original Bitcoin, which is similar to the original cryptocurrency regarding to its protocol, same block times and reward system. However, the main difference is the blocksize limits, as from now on Bitcoin has a 1MB blocksize limit whereas BCC proposes 8MB blocks. 

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

As the Bitcoin blockchain hardfork was successfully launched on August 1st, a new cryptocurrency has entered the market. 

The community’s attitude to BCC remains a bit diverse. Thus, while some exchanges are not going to rush to add BCC trading to their lists, the others give a warm welcome to BCC tokens. 

Bitcoin Cash

A new cryptocurrency representing a hard-forked version of Bitcoin, different from it in the blocksize limits

One of the main reasons for such an ambiguous attitude towards Bitcoin Cash is BCC potential volatility. Although the cryptocurrency becomes the third-biggest cryptocurrency on the first day of creation, some experts predict extreme volatility for Bitcoin Cash. Firstly, it surged to $422 just after the first block was mined. Afterwards it dropped to $383. Then the price rose again up to $433.

Bitcoin Cash price chart on coinmarketcap.com Bitcoin Cash price chart on coinmarketcap.com

As the chart shows, BCC's price reached its peak so far at 13:50 UTC, that was 691 USD (so that the price has increased by more than 100% according to coinmarketcap.com). 

However, at the time of writing the price is again on the decline. It goes without saying that that's intriguing to observe the roller coaster of the brand new cryptocurrency, so we are lucky to be present at such a historical moment.

Coinbase to Expand Services for Asia

Among the services available now there are Coinbase Prime, Pro and Custody
22 January 2019   119

Coinbase, the leading US cryptocurrency company reported that from now on its professional trading and custodial platforms are available to institutional clients and investors with large volumes from the Asian region.

In particular, according to the Coinbase blog, users of Asia will have access to the option of depositing accounts and withdrawing funds using SWIFT transfers through non-US bank accounts.

In the past 12 months, hundreds of crypto-first hedge funds have launched around the world, and many hundreds more traditional institutions such as proprietary trading firms, family offices and endowments have begun actively trading digital assets. Coinbase’s suite of professional products — Coinbase Prime and Pro, Coinbase Custody — serves these customers, along with other participants in the market, like asset issuers, crypto exchanges, and miners.
 

Elliott Suthers

Coinbase

Among the services available there are Coinbase Prime, Coinbase Pro and Coinbase Custody, which also supports the steamer USDC.

In December 2018, Coinbase began to provide services to residents of the islands of Guernsey and Maine, as well as Lithuania, Iceland, Andorra and Gibraltar.