Hello Group to establish a new marketplace on BCH

Acquired in the beginning of the year Bitcoincash.io domain is planned to be a marketplace platform focused on BCH and is coming online on April 30
13 April 2018   1467

A developer of a Cyprus-based fintech solutions Hello Group having acquired Bitcoincash.io domain is planning to reorganize it into a marketplace platform with the concentration on Bitcoin Cash for fiat and cryptocurrency pairs. The platform is expected to go live with an alpha release on April 30. Users will have access to live and historical data, real-time market trend alerts with no fee charges. In addition, a platform with a single-account access will be available where client can discuss topics on international cryptocurrency exchange with no intermediate and instant rules attached to the system.

Bitcoincash.io will offer a new decentralized solution for secure and efficient trading that leverages the best knowledge accumulated by traditional trading platforms for business blocks. The exchange will give users a competitive advantage in the exchange of two tickets Bitcoin and the platform is developed based on customer expectations in terms of innovation and accessibility.

 

Excerpt from the official message

Representative, Hello Group

At the moment Hello Group offers data feed for binary and forex brokers, and a cryptocurrency solution.

There is a massive interest in cryptocurrency in Cyprus which has quite a strong startup and tech community and there are lots of web development and web design agencies. There is a big community building, which is still at early stages but is heading towards the right direction.

 

Khaled Slim

Groups managing director, Hello Group

At the moment of publication, Bitcoin Cash market indicators are as follows

Average price: $755.61

Market cap: $12,898,870,827

Volume (24H): $445,228,000

UnitedCorp to File Lawsuit Due to "BCH Manipulations"

Suit is filed against Roger Ver, Kraken and Bitmain
07 December 2018   182

The technology company United American Corp (UnitedCorp) sued Bitmain, Kraken, Bitcoin.com, Roger Ver, and others involved in a “well-planned scheme to take control of the Bitcoin Cash network.” This is reported on the website of the corporation.

Representatives of UnitedCorp argue that the actions of the defendants caused the "global capitalization meltdown of the Bitcoin Cash." These actions, the company believes, were aimed at enriching the above market participants to the detriment of others.

The company’s website also contains a diagram of the actions of the above market participants:

Bitcoin Cash Manipulation Scheme by UnitedCorp
Bitcoin Cash Manipulation Scheme by UnitedCorp

The events described are related to the recent hardfork of Bitcoin Cash, as a result of which the network of this cryptocurrency split into two competing chains. After hardfork, according to UnitedCorp, the companies and individuals in the lawsuit took control of Bitcoin Cash.

We are bringing this suit on behalf of UnitedCorp because we believe strongly in the value and integrity of democratic, distributed and decentralized blockchain networks which will become more important with time. In order to maintain confidence in cryptocurrencies such as Bitcoin Cash, no person or entity can be allowed to control them.
 

Benoit Laliberte

President, UnitedCorp

At the same time, the company is convinced that these actions were aimed at centralizing the BCH network. Also, UnitedCorp claims that on November 20, the Bitcoin ABC development team introduced the “poison pill” into the blockchain. It was presented as “Deep Reorg Prevention”. These actions, confident in the company, were, in fact, aimed at strengthening control over the network and its future updates.

UnitedCorp requires a court order prohibiting defendants from engaging in future activities that harm the Bitcoin Cash network. In addition, the company intends to receive compensation for damages, the amount of which will be established in court.

It should be noted that Bitcoin SV, a cryptoactive asset that emerged as a result of hard forks, came in fifth in the CoinMarketCap market capitalization rating.

The rate of Bitcoin SV is growing despite the general decline in the market. Over the past 24 hours, the price of BSV has increased by 21%, and the asset capitalization has approached $ 2 billion.

At the same time, the main competitor of BSV - Bitcoin Cash - has fallen by 16.5% in the last 24 hours, having consolidated on the 7th line of the rating.