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   2194

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

Coinbase to Appear in San Francisco District Court

Exchange representatives must appear in court due to issues related to BCH trading launch in 2017
07 August 2019   150

San Francisco District Court judge Vince Chhabria ruled that the latter showed negligence and “clear incompetence generated by haste” when it started trading in Bitcoin Cash (BCH) on Coinbase. Now Coinbase, apparently, will be forced to stand trial, Bloomberg reports.

So, at the end of 2017, the exchange opened BCH trading, but was forced to suspend operations after 2 minutes due to high volatility and suspicious price increases - the coin began to grow rapidly several hours before the announcement of Coinbase.

Then the company was accused of insider trading, later crypto enthusiasts even began to find confirmation of this.

According to the judge, the users who bought VSN at inflated prices were primarily affected. He noted that the suspension of trading was too hasty and disrupted the normal functioning of the market.

BCH buyers claim that Coinbase could have announced a bid in advance to prevent a price spike, but it did not. The judge agreed with this opinion and noted that shortly before the launch of BCH trading on Coinbase, the Chicago Mercantile Exchange opened trading in bitcoin futures, which could become a factor of too much market participants' recovery.

According to the publication, Coinbase has not yet commented on the court decision.

Recall that in March 2018, a class action lawsuit was filed against the company, in which Coinbase was accused of “artificially overpricing” Bitcoin Cash through trading based on insider data.