LocalBitcoins not to support Bitcoin Cash

Peer-to-peer Bitcoin trading platform LocalBitcoins not to add support for Bitcoin Cash or other future forks
26 September 2017   617

Due to the significant tightening of the state regulation of the cryptocurrency industry, a lot of Chinese traders switch to the popular p2p platform LocalBitcoins. Now it has been announced that the company is not to add support for Bitcoin Cash or other future forks. Instead, LocalBitcoins has compensated users with Bitcoin deposits corresponding to the value of the Bitcoin Cash given to their accounts, as reported by cryptocoinsnews.com.

LocalBitcoins has decided against supporting Bcash, for various reasons. Our primary focus is to provide easy access and global liquidity for Bitcoin and to ensure the security of Bitcoins held in customer accounts.

LocalBitcoins team

Thus, LocalBitcoins says that adding support for Bitcoin Cash would shift resources away from their primary mission, which is to serve the Bitcoin community itself.

Bitcoin Cash charts on coinmarketcap.com
Bitcoin Cash charts on coinmarketcap.com

Meanwhile, at the time of writing, Bitcoin Cash price is about $445.68, its market capitalization is $7,406,922,863, which allows the cryptocurrency to hold the third place in the list.

Genesis Conference to be Held in London

Genesis Conference will cover research and development, regulation, economics and applications issues, taking place in London on February 22
22 February 2018   73

Genesis London Conference will take place on February 22, tackling the most pertinent issues in blockchain space: research and development, regulation, economics and applications.

Genesis London is a platform for researchers, developers and generally anyone interested in blockchain, and its priority is to share knowledge, facilitate productive discourse and filter out the hype.

Location: The CityPoint building, 1 Ropemaker St, London, EC2, UK
Date and time: 9:30AM - 8PM, February 22, 2018

The agenda of the conference includes Privacy and Confidentiality Techniques for Blockchains; Permissioned Business Blockchain Applications and Use-cases; Scalable, Transparent and Post-quantum Secure Computational Integrity, with Applications to Cryptocurrencies; A Rational Protocol Design Treatment of Bitcoin, and more.

The headline speakers include Patrick de Laive, co-founder of TNW; Margarita Khartanovich, head of insight at Binary District; Jack Gavigan, chief operating officer at ZCash; Jeremy Kahn, technology writer for Bloomberg, and many more.