More than 400k BTC withdrawn from Coinbase cold wallets

In anticipation of Bitcoin Cash hardfork more than 400k BTC withdrawn from Coinbase cold wallets
01 August 2017   2887
Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

Today, August 1st, SegWit opponents are to launch a user-activated hard fork (UAHF) to create Bitcoin Cash, a cryptocurrency competing with Bitcoin, which is going to disrupt cryptocurrency world's relative stability to a large extent. 

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

For now, right after the leading Bitcoin storage wallet Coinbase refused to support the new asset more than 400 000 BTC were withdrawn from the company's cold wallets, reports the analytical resource Blockseer:

A number of exchanges and wallets, including Coinbase, refused to support the new asset. The company's user agreement states that the company has the right to decide on supporting changes in the Bitcoin protocol. However, some members of the community believe that Coinbase may face lawsuits in connection with the refusal to give users the Bitcoin Cash coins they suppose to get.

Wirex to Issue 26 Stablecoins on XLM Blockchain

Wirex chosen Stellar blockchain because company considers it safe, easily scalable and relatively inexpensive to use
25 April 2019   66

British online banking platform Wirex has announced the listing for the XLM token, as well as the release of 26 stablecoins on the Stellar blockchain, pegged to fiat currencies, including USD, EUR, GBP, HKD and SGD.

Prior to this, Wirex card supported eight digital assets and ten fiat currencies.

In addition, Wirex added the ability to instantly convert steablecoins to each other at over-the-counter rates.

As the company expects, new assets will be used for money transfers, issue and redemption of tokens, as well as for payments for services.

The choice of Wirex fell on the Stellar blockchain, as the company considers it safe, easily scalable and relatively inexpensive to use.

Last year Wirex became the third company in a row that received a license to provide services in the UK and Europe.