Coinbase Pauses Bitcoin Cash Trading Right After Launch

BCH order books will be able on December 20th at 9:00am PST
20 December 2017   1856

Yesterday Coinbase, San Francisco-based bitcoin exchange, announced it would allow customers to buy, sell, send and receive Bitcoin Cash.

However, BCH-USD trading was disabled after four minutes it had begun due to the significant volatility. According to Coinbase, it cancelled resting orders and cleared all BCH order books in order to ensure a fair and orderly market.

Coinbase BTC BTC trading 

It is stated that BCH order books will be able on December 20th at 9:00am PST. All BCH order books will be available in post-only mode for a minimum of one hour to establish liquidity.

Recently, we have reported that Coinbase is going to implement SegWit protocol in 2018.

GMO Internet to Report on BTC Mining Increase

Additionally GMO completely stopped mining Bitcoin Cash; in November 2017, it mined 400 BCH coins
09 January 2019   260

Japanese IT giant GMO Internet Group has published a report, which reported an increase in the number of BTC companies.

The company also confirmed information about the termination of the production of its own equipment due to significant financial losses. In addition, GMO confirmed plans to transfer mining capacities to regions with cheap energy prices and the possibility of switching to alternative energy sources.

During last December GMO mined 960 BTC. This is almost a third more than in November 2018. Also, this indicator is 45 times higher than the volume of extracted bitcoins during December 2017, when the company was just starting the mining business.

On the other hand, GMO completely stopped mining Bitcoin Cash (BCH). Note that in November 2017, the company mined 400 coins of this fork of Bitcoin.

Last December, the GMO mining hashrate was 670 PH / s, which is 30 times more than a year ago.

The company also announced that it will now provide reports quarterly.