Bitfinex and Bittrex launch BCH yet it goes down

Two largest cryptocurrency exchanges welcome BCH but its price remains diminishing
04 August 2017   1536
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.  

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   116

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.