BTCC launches new cryptocurrency exchange with ETC support

New exchange from the creators of the longest-running Bitcoin exchange
26 June 2017   1899

Distributed database that is used to maintain a continuously growing list of records, called blocks

Recently, new cryptocurrency exchange was launched. BTCC DAX is created by the BTCC, developers by the longest-running Bitcoin exchange. Bitcoin/Ethereum Classic is a first trading pair. 

Company has choosen Bitcoin/Ethereum Classic as a first trading pair due to people's choice. BTCC's CEO Bobby Lee created a Twitter's survey in May and asked the community which currencies BTCC should list next. Survey was two weeks long and Ethereum Classic won.

But Ethereum Classic is just a beginning. Ethereum will be added in the first part of July 2017, other cryptocurrencies will be available in the nearest future.

According to Aaron Choi, BTCC's vice president of international business, DAX is a multi-device trading platform with high performance. Cryptocurrencies trading becomes quick and convenient with BTCC DAX. Cross-platform makes trading extra fast and fully-responsive. User can trade or monitor the market on the go. 24\7 customer with guaranteed responses within 12 hours is also included.

Customer deposits will be accepted since June 26th, 2017, at 6:00 PM (UTC+8; 6:00 AM EST); trading will go live on Tuesday, June 27th, 2017, at 6:00 PM (UTC+8; 6:00 AM EST).

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   132

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


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.