Bitcoin Cash (BCH) Fork: Poloniex Announces Pre-fork Trading Support

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But, more importantly, while Ethereum (ETH), Bitcoin Cash (BCH), Cardano (ADA), and other major cryptocurrencies experienced fairly large gains throughout the week, XRP remained stable in its low price range. The hard fork has also gained support from popular cryptocurrency exchanges like Binance and Coinbase. "It is possible that one of these chains will not be economically or technically viable after the fork, and its value will drop to zero".

Poloniex plans to pause BCH deposits and withdrawals at 14:00 UTC on 15 November 2018. It includes the Bitcoin SV and ABC roadmap and a list of weighted companies declaring which implementation they are using.

These planned hard forks were meant to stave off disagreements about whether and when the cryptocurrency should activate these protocol upgrades, which require all full node operators to upgrade their software to the latest version. According to the blog post, this is the first time the company has offered pre-fork trading and it is a part of broader strategy to make the firm one of the most innovative crypto exchanges in the world.

"Huobi Global supports the BCH hard fork". Customers are allowed to trade, but can not withdraw BCHABC and BCHSV before the fork is implemented. At present, BCHABC is trading at $535 against USDC, almost six times above BCHSV, which is priced at just $90. That should change as these markets grow more liquid. As you can see from the chart above, price has tested this level several times in the past but most of the times it just bounced lower, so we are dealing with a strong resistance, which at the time can still pose some problems for the bulls. Bitcoin Cash at present has a market cap of $10,616,649,020 and its 24hr volume is approximately $860,457,228.

"I think the UAE government saying that 50% of all government transactions will be on distributed ledger technology by 2020 is a fantastic way to encourage innovation, to bring Fintechs to your market and then to then build the capability locally to iterate on those solutions that the Fintechs bring to you".

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Even so, with this in mind, the event risk is still prominent before the Bitcoin Cash's November fork. You will now discover me when pissed off. There is an imminent occurrence of a hard fork (or hash war) that will happen on November 15. One Bitcoin Cash coin can now be bought for $623.92 or 0.09631779 BTC on popular cryptocurrency exchanges including Coinsquare, CPDAX, BitForex and Coinhub.

In the email, Wright didn't mince his words, severally stating that Bitcoin ABC will die and that those who back it are enemies of Bitcoin.

Accordingly, BU users can choose to follow ABC, SV, or neither.

And sure enough, one new mining project called SharkPool tweeted that it will "exclusively" mine empty blocks, pointing to Wright's tweetstorm as reasoning.

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