Bitstamp and Bitfinex to add new pairs

Bitstamp will start BCH trading in December; Bitfinex now trades Bitcoin with Euro
22 November 2017   1829

Bitstamp, the currency exchange, has announced support for Bitcoin Cash. The start of trading in BCH / USD, BCH / EUR and BCH / BTC pairs is scheduled for early December.

As noted in the statement of Bitstamp, this decision was made in connection with the high demand for the ability to trade BCH and is part of the general efforts of the exchange to add more currencies.

In addition to bitcoin Bitstamp users are available to bid with Ripple, Ethereum and Litecoin.

Also, Bitfinex cryptocurrency exchange will start trading Bitcoin with Euro in December.

The was no additional official comments or statements regarding this new pair, but as far as we understand, this measure was made to provide Bitfinex EU users with more comfortable trading.

GMO Internet to Report on BTC Mining Increase

Additionally GMO completely stopped mining Bitcoin Cash; in November 2017, it mined 400 BCH coins
09 January 2019   296

Japanese IT giant GMO Internet Group has published a report, which reported an increase in the number of BTC companies.

The company also confirmed information about the termination of the production of its own equipment due to significant financial losses. In addition, GMO confirmed plans to transfer mining capacities to regions with cheap energy prices and the possibility of switching to alternative energy sources.

During last December GMO mined 960 BTC. This is almost a third more than in November 2018. Also, this indicator is 45 times higher than the volume of extracted bitcoins during December 2017, when the company was just starting the mining business.

On the other hand, GMO completely stopped mining Bitcoin Cash (BCH). Note that in November 2017, the company mined 400 coins of this fork of Bitcoin.

Last December, the GMO mining hashrate was 670 PH / s, which is 30 times more than a year ago.

The company also announced that it will now provide reports quarterly.