Coinbase to add support for Bitcoin Cash

Coinbase and GDAX announce their plans for supporting Bitcoin Cash 
04 August 2017   864
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. 

 

Play2live announced the release of its MVP and a token sale

Blockchain-based streaming platform for gamers release a full-fledged esports streaming service
21 February 2018   18

On February 21 the first blockchain-based streaming platform for gamers, Play2live, opened its LevelUp Coin (LUC) token sale event with a deadline on March 14 at 17:00 UTC along with the rolling out of its MVP. The platform is based on BitShares 2.0, already successfully passed a heavy testing stage with with live matches and streams.

The service is already capable of accepting around 200,000 viewers. A special tournament for CS:GO - CryptoMasters with the world's first prize pool entirely comprised of the virtual currency ($100,000 worth of LUC) is also announced under the banner of Play2live. The event is set to take place in Minsk, Belarus on February 24-25. The broadcast will be arranged in 7 languages - English, Russian, Chinese, Korean, Spanish, Portuguese, and German.

The service also features a voting system during matches using the same LUC. This token acts as an internal currency that can be easily converted to another cryptocurrency or a fiat currency by means of the Play2live's API.

The company itself was established in 2017. Its purpose is to merge blockchain technology and streaming service to provide all the participants of the streaming process a seamless platform for prioritizes interaction and encourages the diversity of monetization schemes. It is reported that Play2live will have up to 15 sources of revenue.

On February 21 at 17:00 UTC CEO of Play2live opened the token sale with a Q&A stream session with topics concerning the update of P2l, product and sale related matters.