Bitstamp and Bitfinex to add new pairs

Bitstamp will start BCH trading in December; Bitfinex now trades Bitcoin with Euro
22 November 2017   3004

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.

Court to Dismiss BCH 'Hijack' Lawsuit

UnitedCorp claimed that it incurred significant losses due to the actions of the defendants, which are Kraken, Bitmain and Roger Ver
06 February 2020   568

The court dismissed the lawsuit of the mining company United American Corp. against the Kraken exchange, its founder Jesse Powell, Bitmain, its co-founder Jihan Wu and Roger Ver, who accused them of manipulating the Bitcoin Cash market and claimed $ 4 billion in compensation. As a reason for refusal, the court pointed to the lack of jurisdiction of the case and insufficient grounds.

UnitedCorp claimed that it incurred significant losses due to the actions of the defendants, who, after the emergence of Bitcoin SV in 2018, organized the so-called “hash war” and competed for 11 days to form the longest chain. The role of the Kraken exchange in these events was due to the fact that it was the first to decide to award a ticker for the BCH chain, also called Bitcoin ABC.

The simultaneous decrease in the price of Bitcoin Cash from $ 400 to $ 200 led to a significant drop in mining revenue of UnitedCorp. The firm claimed that the defendants violated the Sherman Act (the first US antitrust law proclaiming a crime to impede free trade by creating a trust and conspiring for such a purpose), Clayton's law, which also regulates the activities of trusts, demonstrated negligence, unintentional misrepresentation, improper enrichment and treatment property in their favor.

During hash wars, the amount of computing power in the Bitcoin Cash network reached 7.88 EH / s, whereas now it is 3.99 EH / s. Due to the actions of other miners, UnitedCorp could receive a significant part of the awards it had hoped for before, and the depreciation only worsened its position.

The court dismissed the claim without further restrictions. Thus, UnitedCorp is allowed to submit its revised version again until February 28th.