Bitfinex enables IOTA deposits and withdrawals

Bitfinex exchange launches deposits and withdrawals for IOTA
Diana Ugay's picture
Diana Ugay
11 August

One of the leading cryptocurrency exchanges, Bitfinex, announces the launch of IOTA deposits and withdrawals.

It's worth mentioning that it was Bitfinex that officially launched the IOTA token, IOT, about two months ago. This launch represented a milestone for IOTA as they expanded their user base significantly. 

Exchange listing is something that has become a hallmark for all crypto projects. It represents that the technology is ready for the open market and the wider audience.
 

David Sønstebø 
IOTA founder

Thus, with the launch of IOT token, the transaction volume became so massive that the Bitfinex servers briefly went down. All in all, IOTA Token has hit $1.5 billion market cap.

Ar the time of writing, IOTA's market cap is about $1.8 billion and the cryptocurrency holds the seventh position in the list.

IOTA market cap on coinmarketcap.com IOTA market cap on coinmarketcap.com

Huobi and OKCoin to add Bitcoin Cash

Two largest Chinese exchanges add support for Bitcoin Cash
Diana Ugay's picture
Diana Ugay
22 August

Two largest Chinese cryptocurrency exchanges, OKCoin and Huobi, announced adding the support for Bitcoin Cash.

As OKCoin argues, the decision to add Bitcoin Cash was made after a "technical verification and comprehensive testing" of the coin:

Thus, OKCoin will officially support Bitcoin Cash (BCC) deposit and spot trading on August 22nd (06:00 Eastern Standard Time, UTC+20 HRS, 18:00 China/Hong Kong time). However, it is noteworthy that currently the exchange are only supporting BCC deposit and trading on the website. On top of that, to ensure a safe trading environment and to avoid potential 51% attacks and transaction malleability, there will be increased security verifications when depositing BCC. 

As for Huobi, the exchange claims that considering that Bitcoin Cash has entered the top three digital assets by market capitalization and has extensive support for trading platforms, there's the hope that users will realistically assess the risks associated with BCC trading.

Huobi will launch BCC/CNY on 17:30, August 22, 2017 (GMT +8). BCC trading will be available on main Huobi while BCC deposit was allowed from 17:00, August 9, 2017 (GMT+8).  

Bitcoin Cash charts on coinmarketcap.com Bitcoin Cash charts on coinmarketcap.com

As shown, at the time of writing, the Bitcoin Cash cryptocurrency price is about $687 and its market capitalization is more than $11 billion.