Coinbase to add support for Bitcoin Cash

Coinbase and GDAX announce their plans for supporting Bitcoin Cash 
04 August 2017   3022
Bitcoin Cash

A new cryptocurrency representing a hard-forked version of Bitcoin, different from it in the blocksize limits

The GDAX cryptocurrency exchange (which is a subdivision of Coinbase), announces its plans on adding support for Bitcoin Cash by January 1st, 2018.

According to David Farmer, Coinbase director of communications, the company has examined all of the relevant issues and has decided to work on adding support for bitcoin cash for Coinbase customers. As Farmer claims, they made this decision based on factors such as the security of the network, customer demand, trading volumes, and regulatory considerations.

We are planning to have support for bitcoin cash by January 1, 2018, assuming no additional risks emerge during that time.
 

David Farmer
Director of communications at Coinbase

Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

He also makes clear that for now the customers who want immediate access to their Bitcoin Cash, the company advises to withdraw their Bitcoin from the Coinbase platform. There are several points the team wants to make clear for their customers:

  1. Both Bitcoin and Bitcoin Cash remain safely stored on Coinbase.
  2. Customers with balances of Bitcoin at the time of the fork now have an equal quantity of bitcoin cash stored by Coinbase.
  3. The company operates by the general principle that the customers should benefit to the greatest extent possible from hard forks or other unexpected events.

*The same patterns apply to GDAX exchange  

Once supported, customers will be able to withdraw Bitcoin Cash. 

 

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   434

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of founders@ravenprotocol.com their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.