Vitalik Buterin fake death crashes Ethereum

Ethereum lost 14.5% in 24 hours due to a fake "death"
Sergey Siminskiy's picture
Sergey Siminskiy
26 June
Blockchain

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

The fake news appeared on 4chan’s /biz/ thread at 4:30PM EST on 25th June. The post had a header “Vitalik Buterin confirmed dead”, but no proof link was inside.

The "news" started to be actively discussed, however, none of the commentators could confirm the death of Vitalik.

After some time, comments became more and more "scary" due to the fact that there was no response from Buterin. But it is necessary to remember that he lives in Singapore, so, it was early morning there. 

Also, someone edited Wikipedia page about Vitalik, put it to past tense. 

Vitalik Buterin wiki page
Vitalik Buterin wiki page

Some "news" sites began to add details on Vitalik's fake death. Still, no proofs. 

Fake death news

Luckily, it was a hoax and Vitalik is alive and doing great.

This tragic "news" had a big negative effect on Ethereum's rate. 

Ethereum Chart
Ethereum Chart

In general, Ethereum lost 14.5% in 24 hours.

Huobi and OKCoin to add Bitcoin Cash

Two largest Chinese exchanges add support for Bitcoin Cash
Diana Ugay's picture
Diana Ugay
22 August

Two largest Chinese cryptocurrency exchanges, OKCoin and Huobi, announced adding the support for Bitcoin Cash.

As OKCoin argues, the decision to add Bitcoin Cash was made after a "technical verification and comprehensive testing" of the coin:

Thus, OKCoin will officially support Bitcoin Cash (BCC) deposit and spot trading on August 22nd (06:00 Eastern Standard Time, UTC+20 HRS, 18:00 China/Hong Kong time). However, it is noteworthy that currently the exchange are only supporting BCC deposit and trading on the website. On top of that, to ensure a safe trading environment and to avoid potential 51% attacks and transaction malleability, there will be increased security verifications when depositing BCC. 

As for Huobi, the exchange claims that considering that Bitcoin Cash has entered the top three digital assets by market capitalization and has extensive support for trading platforms, there's the hope that users will realistically assess the risks associated with BCC trading.

Huobi will launch BCC/CNY on 17:30, August 22, 2017 (GMT +8). BCC trading will be available on main Huobi while BCC deposit was allowed from 17:00, August 9, 2017 (GMT+8).  

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

As shown, at the time of writing, the Bitcoin Cash cryptocurrency price is about $687 and its market capitalization is more than $11 billion.