SegWit is now live on HitBTC

HitBTC cryptocurrency exchange now supports SegWit protocol
30 September 2017   2089

One of the top cryptocurrency exchanges, HitBTC, has announced that from now on it supports SegWit technology, which is aimed to "cure a whole series of original Bitcoin imperfections", such as possible malleability bugs, blocks being clogged with transaction data reducing network speed, fees that are getting higher.

HitBTC on coinhills.com
HitBTC on coinhills.com

Thus, the report details that from now on the exchange supports incoming and outcoming SegWit transactions. SegWit is a backward-compatible technology, which means none of existing functionality will be affected in any way, so that customers may feel free to withdraw their coins to non-SegWit addresses, same goes for deposits.

To start receiving SegWit transactions, the users have to simply create new Bitcoin address in their account. From today on, every new generated address will be compatible with new technology. As reported, outcoming transactions are now also sent in SegWit format. Withdrawal fees are about to decrease by 50%.

Bitcoin price chart on coinmarketcap.com
Bitcoin price chart on coinmarketcap.com

Meanwhile, the top cryptocurrency price is about $4181.33, it’s market capitalization is $69,388,280,727.

OKEx & Kraken to List Bitcoin SV

Kraken notes that Bitcoin SV doesn't meet its usual listing requirements
19 November 2018   51

OKEx Bitcoin exchange, charged holders of Bitcoin Cash with BCHABC and BCHSV coins. Bidding for each asset is available in pairs with Tether USD, Bitcoin, Ethereum and OKB token.

Note that futures, margin trading and fiat pairs will remain unavailable for new assets. The withdrawal of coins is also closed indefinitely.

In turn, the Kraken exchange assigned the BCH ticker to the Bitcoin ABC chain, but also made a decision on the listing of Bitcoin SV (BSV).

WARNING: Bitcoin SV does NOT meet Kraken’s usual listing requirements. It should be seen as an extremely high risk investment. There are many red flags that traders should be aware of:

  • No known wallets supporting replay protection (be careful!)
  • No support in major block explorers
  • Miners apparently subsidized or operating at a loss
  • Representatives threatening and openly hostile toward other chains
  • Chain’s survival may be mutually exclusive with other chains
  • Supply is temporarily constrained because of limited wallet support
  • Some large holders have indicated they’d be dumping everything ASAP
  • Kraken has done only very minimal code review

Custodial losses taken on due to attacks originating from nChain or its affiliates will be socialized among all BSV holders on Kraken. Given the volatile state of the network and threats that have been made, Kraken cannot guarantee perfect custody of BSV.
 

Kraken Team

BSV trading will be available in pairs with Bitcoin, fiat USD and Euro.

Meanwhile, the BSV rate in the last 24 hours fell by almost 30%, dropping below $ 90.