Bitfinex and Bittrex launch BCH yet it goes down

Two largest cryptocurrency exchanges welcome BCH but its price remains diminishing
04 August 2017   2259
Bitcoin Cash

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

One of the leading cryptocurrency exchanges, Bitfinex, which earlier has announced the launch of margin trading in Bitcoin Cash, now enables deposits and withdrawals with the brand new cryptocurrency:

It's also noteworthy that a bit earlier this opportunity has been announced by the Bittrex exchange: 

Blockchain

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

However, despite the fact that most of the exchanges open their doors to Bitcoin Cash while making concessions to their customers' demands, the cryptocurrency's price is actually decreasing: if on the first day of the appearance of Bitcoin Cash the price reached $1,300 on some exchanges, now the average cost of it is only about $286.

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

As shown, the hard-forked version of Bitcoin failed to keep the third position in the cruptocurrency market.  

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   88

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.