Mining pool and Bitcoin exchange ViaBTC has begun trading the “Bitcoin Cash” (BCC) token for CNY in anticipation of a Bitcoin ABC hard fork on August 1.
Like a bad divorce, some differences appear to be irreconcilable. Such is the case with the Bitcoin ABC scaling proposal, which may split the Bitcoin blockchain via a user activated hard fork (UAHF) on August 1. The solution was announced by bitcoin company Bitmain as a contingency plan for the user activated soft fork (UASF) that is scheduled for that day.
In anticipation of this split, ViaBTC has begun trading Chinese Yuan for their new Bitcoin Cash (BCC) coin. This token will support the new blockchain should the hard fork occur.
BCC opened for trading on July 22, where it managed to reach a high of 5,999 CNY ($886.64). It has since fallen to around 1,923 CNY ($284.17). Such a price slump could indicate that investors are still skeptical over the new coin and Bitcoin’s potential split.
As Bitcoin – and cryptocurrency as a whole – gains momentum, there is a growing craze around this new financial technology that leaves even the biggest historical economic bubbles in its shadow. With even Wall Street experts now forecasting enormous growth for Bitcoin, one financial analyst goes against the grain and warns of an imminent crash for cryptocurrencies based on the Elliot Wave Principle.
Not indicating that the content you copy/paste is not your original work could be seen as plagiarism.
Some tips to share content and add value:
Repeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot.
Creative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post.
If you are actually the original author, please do reply to let us know!
Thank You!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
http://bitcoinist.com/viabtc-begins-trading-bitcoin-cash-bcc-for-chinese-yuan-cny-in-anticipation-of-uahf/
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit