Trade Satoshi and Bitstamp to launch BCH

Trade Satoshi exchange has added Bitcoin Cash markets and Bitstamp exchange will launch Bitcoin Cash trading
14 November 2017   3252

Bitcoin Cash had several quite impressive days full of price fluctuations following the suspension of BTC hardfork SegWit2x, rising up unexpectedly, showing crazy gains and losts and even moving to the 2nd place in Coinmarketcap ranking for some time. It seems like BCH currency is gaining more and more popularity as more world-wide known exchanges are adding it to the markets. 

On November 13, Bitcoin Cash made an announcement in the official twitter account that Bitstamp, Europe’s only regulated crypto exchange, and one of the oldest as well as biggest bitcoin exchanges, is going to offer Bitcoin Cash trading to the customers within weeks, namely in late November or early December. 

Court to Dismiss BCH 'Hijack' Lawsuit

UnitedCorp claimed that it incurred significant losses due to the actions of the defendants, which are Kraken, Bitmain and Roger Ver
06 February 2020   578

The court dismissed the lawsuit of the mining company United American Corp. against the Kraken exchange, its founder Jesse Powell, Bitmain, its co-founder Jihan Wu and Roger Ver, who accused them of manipulating the Bitcoin Cash market and claimed $ 4 billion in compensation. As a reason for refusal, the court pointed to the lack of jurisdiction of the case and insufficient grounds.

UnitedCorp claimed that it incurred significant losses due to the actions of the defendants, who, after the emergence of Bitcoin SV in 2018, organized the so-called “hash war” and competed for 11 days to form the longest chain. The role of the Kraken exchange in these events was due to the fact that it was the first to decide to award a ticker for the BCH chain, also called Bitcoin ABC.

The simultaneous decrease in the price of Bitcoin Cash from $ 400 to $ 200 led to a significant drop in mining revenue of UnitedCorp. The firm claimed that the defendants violated the Sherman Act (the first US antitrust law proclaiming a crime to impede free trade by creating a trust and conspiring for such a purpose), Clayton's law, which also regulates the activities of trusts, demonstrated negligence, unintentional misrepresentation, improper enrichment and treatment property in their favor.

During hash wars, the amount of computing power in the Bitcoin Cash network reached 7.88 EH / s, whereas now it is 3.99 EH / s. Due to the actions of other miners, UnitedCorp could receive a significant part of the awards it had hoped for before, and the depreciation only worsened its position.

The court dismissed the claim without further restrictions. Thus, UnitedCorp is allowed to submit its revised version again until February 28th.