BlockExplorer to support Bitcoin Cash

The informational service about Bitcoin blocks BlockExplorer announced adding support for Bitcoin Cash from January 10
10 January 2018   2048

On January 10, the website, which provides information about the new blocks of Bitcoin, has published an announcement stating that it will be supporting Bitcoin Cash over Bitcoin, which was described as currently having a negative momentum path in terms of utility. The service stated that it will go as far as to change the default to show Bitcoin Cash over Bitcoin Legacy.

At such a time, we will refer to Bitcoin Cash as Bitcoin only, but will make some effort to not break API calls by changing URLs of legacy automated systems.

Rick Falkvinge

Chief Executive Officer, BlockExplorer

The chief executive officer of BlockExplorer stated that they have made a decision to support the only Bitcoin fork with a "postive utility momentum", which they think is Bitcoin Cash. The Bitcoin Cash block explorer will be introduced and they will continue to launch related services.

blockexplorer information about Bitcoin Cash blocksBlockExplorer information about Bitcoin Cash blocks

Moreover, it was stated in the announcement that BlockExplorer will also maintain tools for other cryptocurrencies they find appealing, such as ZCash, due to its increased privacy value.

At the moment of press, these are the main market parameters of Bitcoin Cash:

  • Average Price: $2 394,28
  • Market Cap: $40 471 891 551
  • 24h Volume: $1 317 580 000 

Coinbase to Appear in San Francisco District Court

Exchange representatives must appear in court due to issues related to BCH trading launch in 2017
07 August 2019   173

San Francisco District Court judge Vince Chhabria ruled that the latter showed negligence and “clear incompetence generated by haste” when it started trading in Bitcoin Cash (BCH) on Coinbase. Now Coinbase, apparently, will be forced to stand trial, Bloomberg reports.

So, at the end of 2017, the exchange opened BCH trading, but was forced to suspend operations after 2 minutes due to high volatility and suspicious price increases - the coin began to grow rapidly several hours before the announcement of Coinbase.

Then the company was accused of insider trading, later crypto enthusiasts even began to find confirmation of this.

According to the judge, the users who bought VSN at inflated prices were primarily affected. He noted that the suspension of trading was too hasty and disrupted the normal functioning of the market.

BCH buyers claim that Coinbase could have announced a bid in advance to prevent a price spike, but it did not. The judge agreed with this opinion and noted that shortly before the launch of BCH trading on Coinbase, the Chicago Mercantile Exchange opened trading in bitcoin futures, which could become a factor of too much market participants' recovery.

According to the publication, Coinbase has not yet commented on the court decision.

Recall that in March 2018, a class action lawsuit was filed against the company, in which Coinbase was accused of “artificially overpricing” Bitcoin Cash through trading based on insider data.