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   1127

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

Two Mining Pools to Gain 50% of the BCH Hashrate

Media reports that Coingeek and BMG Pool are affilated with odious Australian entrepreneur Craig Wright
18 September 2018   241

The centralization of Bitcoin Cash mining has reached a new level after only two pools - Coingeek and BMG Pool - have established control over more than 50% of the total network hash. This is reported by Trustnodes.

Bitcoin Cash Mining Pools
Bitcoin Cash Mining Pools

Earlier today, there were also reports that at some points the aggregate capacity of both pools reached 58%.

While BMG Pool directly belongs to the odious Australian entrepreneur Craig Wright, the no less scandalous Calvin Ayre, who maintains close ties with Wright, is considered the nominal owner of Coingeek.

The current situation, the media believes, does not exclude the possibility of collusion of the 51% attack on the network. In particular, in this case there is a probability of double spend of coins, which, accordingly, will force the exchange to increase the number of required transaction confirmations.

At the same time, the current situation is likely to be a demonstration of power by Craig Wright on the eve of the November upgrade of the network. As a result of disagreements between different groups of developers, it is still possible that Bitcoin Cash, which at one time split from bitcoin, will itself be split into two separate chains.

Note that the Bitcoin Cash hashrate on the whole continues to remain at a fairly low level, accounting for less than 8% of the bitcoin.