OKCoin trading Ethereum Classic on July 15

OKCoin officially launches Ethereum Classic services on July 15
13 July 2017   1796
Ethereum Classic

Is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions

Ethereum Classic (ETC) strived to maintain as the original Ethereum blockchain enabling decentralized applications without any changes to its history of transactions.

Now OKCoin, an exchange platform occupying the fourth position in the list of all digital currency exchanges on coinhills.com, lists ETC among its trading cryptocurrencies.                 

OKCoin launches ETC trading OKCoin launches ETC trading

Ethereum

Is an open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements 

Based on popular demand in the development of Ethereum technology and Smart Contracts by OKCoin users, the exchange's first initiative was the launching of Ethereum last month, during which they noticed an increasing request for us to enable ETC services as well.

Now it is absolutely evident that Ethereum Classic is gaining more and more popularity and rises from the dead as it was recently launched by several other exchanges such as Huobi and BTC38. Becoming tradable on an exchange giant like OKCoin means a lot, so we will continue monitoring the situation.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   114

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.