9. April 2021 – ParaState, eine mehrkettige Smart Contract-Plattform, die mithilfe des Substrate-Frameworks die Grenzen von Ethereum erweitert, freut sich, den erfolgreichen Abschluss einer von der KNS Group geleiteten strategischen Spendenrunde in Höhe von 5 Mio. USD zusammen mit einem Beitrag von bekannt zu geben Alameda Ventures.

ParaState bietet Entwicklern eine intelligente virtuelle Vertragsmaschine der nächsten Generation, mit der jede Substrat-basierte Blockchain Ethereum-kompatibel gemacht werden kann, während das moderne WebAssembly-Ökosystem voll genutzt wird

Weitere prominente Unterstützer, die zur Runde beitragen, sind Signum Capital, HyperChain Capital, BiXin Ventures, Genesis Block Ventures, Inclusion Capital, Gate.io Labs, ZMT Capital, Polkastarter, DAO Maker, DuckDAO, Moonwhale Ventures, Chronos Ventures, Master Ventures und Lotus Capital , Momentum6, Taureon, GenBlock Capital, DDC, Blocksync Ventures, GFS Ventures, Gainz Associates, Titans Ventures, 4SV, WWG, 1Cap, Paka, PNYX, Exstvc und AKG Ventures. Die Seed-Round-Investoren CMS Holdings und SevenX Ventures haben ihre Unterstützung in dieser Runde erweitert.

Der Erlös aus dieser Runde wird verwendet, um die ParaState-Entwicklung und die Inkubation führender dezentraler Finanzprojekte zu erweitern.

ParaState baut Ethereum auf Steroiden auf – Substrat + Ethereum

Substratbasierte Blockchains sind beliebt, da das Framework die Skalierbarkeit und Interoperabilität bietet, die für Web 3.0-Plattformbereitstellungen der nächsten Generation erforderlich sind. Mit ParaStates Pallet SSVM kann jede Blockchain Ethereum-kompatibel werden und gleichzeitig das leistungsstärkste WebAssembly-Ökosystem nutzen, das für Web 3.0 optimiert ist. Anstatt zu versuchen, die gebaute Umgebung neu zu erfinden, bauen über 100 Projekte bereits Blockchains und dezentrale Anwendungen auf dem Substrate-Framework für Polkadot und andere interoperable Ökosysteme unter Verwendung der One-Stop-freundlichen Entwicklungsumgebung von ParaState.

ParaState, bekannt als Ethereum für Steroide, ist eine mehrkettige intelligente Vertragsplattform, die das Anwendungs- und Entwickler-Ökosystem zwischen Polkadot, Substrate und Ethereum sowie anderen Ketten, die Ethereum-Kompatibilitäten bereitstellen möchten, verbindet. ParaState unterstützt zwar die EVM-Palette, um eine nahtlose Kompatibilität mit allen vorhandenen Ethereum-Anwendungen zu gewährleisten, bietet Entwicklern jedoch auch eine intelligente Vertragsimplementierungsumgebung der nächsten Generation, WebAssembly mit Ethereum-Charakter. Diese beiden Infrastrukturen können miteinander kommunizieren und auf ParaState dasselbe Kontosystem verwenden.

A study by Blockchain Research Labs suggests that Elon Musk’s tweets about cryptocurrency lead to abnormal returns for Bitcoin (BTC) and Dogecoin (DOGE).

The study highlights the significant impact of famous people on cryptocurrency.

As the market matures, the impact of these people may weaken.

A document published by Blockchain Research Lab indicates that Elon Musk’s cryptocurrency tweets are creating abnormal returns on investment for Crypto Cash and Dogecoin (DOGE).

Dogecoin: The Elon Musk Effect

The document assesses the six most recent cryptocurrency-related tweets that the CEO of Tesla has posted and their effect on Bitcoin and Dogecoin .

There it is found that after Musk changed his Twitter bio to „#bitcoin“, the price of BTC displayed a cumulative abnormal return (CAR) of 6.31% in 30 minutes. This percentage rose to 13.19% after one hour, reaching a height of 19% in seven hours.

The study looked at the effect of Musk’s one-word tweet linked to DOGE in December, finding an 8.17% impact on the coin’s RCA in just five minutes. This figure peaked at 17.31% after one hour.

However, the study also points out that not all of Musk’s Tweets had a direct impact. The “Merry Christmas” tweet came after DOGE’s volume had already increased significantly, suggesting it was a response to market activity rather than the cause.

Blockchain Research Lab (BRL) is a non-profit organization „dedicated to independent science and research in blockchain technology“. He regularly conducts research in areas of the cryptocurrency and blockchain industry.

Famous People in Cryptocurrencies

Nonetheless, the study concludes that tweets from individuals in the public eye can significantly affect the dogecoin market. Those who have been in cryptocurrency for quite a long time are only too familiar with the effect celebrities have on this asset class.

In 2017, Potcoin jumped almost 100% in less than 24 hours after a strange endorsement from famous basketball player Dennis Rodman. More recently, the Aave Decentralized Finance Project (AAVE) saw its token skyrocket after investor Mark Cuban announced it as part of his portfolio. AAVE is currently trading at around $ 500.

Additionally, famed Apple co-founder Steve Wozniak entered the cryptocurrency industry last year with a platform to secure clean energy projects . Its native token, WOZX, initially priced at $ 1.50, doubled in a single day , almost entirely thanks to Wozniak’s involvement. WOZX is now trading at $ 1.17.

A criptografia está se tornando pública: O tempo é fundamental para que a Bakkt garanta a listagem na NYSE

Enquanto a Bakkt se prepara para ser listada na NYSE, ainda mais empresas criptográficas poderão se tornar públicas no futuro.

Mercado de ativos digitais A Bakkt está pronta para se tornar pública na Bolsa de Valores de Nova York em 2021, o que poderia abrir caminho para que mais fornecedores de serviços de moeda criptográfica seguissem o exemplo. A Bolsa Intercontinental anunciou em 11 de janeiro que seu mercado de moedas criptográficas Bakkt logo seria listado na Bolsa de Valores da NYSE. Isto será feito através de uma fusão com uma empresa de aquisição de propósito especial VPC Impact Acquisition Holdings.

A empresa shell será utilizada para se fundir com a Bakkt a fim de ser listada no mercado de ações sem ter que realizar uma oferta pública inicial. Os relatórios iniciais sugerem que a Bakkt será avaliada em mais de US$2 bilhões após a fusão, e a bolsa pretende levantar mais US$532 milhões para financiar o desenvolvimento Crypto Genius contínuo de sua aplicação, uma carteira e um aplicativo de recompensas destinado aos usuários de varejo, que deverá ser lançado em março.

A empresa indicou que a fusão deverá ser concluída no segundo trimestre de 2021. Isto então verá a recém-formada Bakkt Holdings Inc. listada na NYSE.

Muito foi feito sobre a apresentação do investidor que foi submetida à Comissão de Valores Mobiliários e Câmbio dos EUA. O documento delineia o potencial para que o mercado de moedas criptográficas seja avaliado em US$ 3 bilhões até 2025, sustentando o valor potencial do espaço nos próximos anos. A capitalização total do mercado de moedas criptográficas ultrapassou US$ 1 trilhão pela primeira vez em janeiro de 2021.

Gavin Michael, CEO da Bakkt, disse à Cointelegraph que a fusão faz sentido, dada a quantidade de capital que já fluiu para o espaço de moeda criptográfica e o crescimento potencial que ela prevê para os próximos três anos:

„Bakkt e VPC acreditam que existe um enorme potencial na construção de um mercado para os quase US$ 2T de ativos digitais que existem hoje e os muitos outros que serão criados porque um mercado como este existe tanto para marcas quanto para consumidores“.

Michael acrescentou que a fusão dará à Bakkt acesso ao capital necessário para expandir e proporcionar mais oportunidades aos consumidores para desbloquear trilhões de dólares detidos em vários ativos digitais. A empresa também espera se beneficiar com o reconhecimento da marca que virá de se tornar uma empresa de capital aberto.
Um sinal do que está por vir?

Mati Greenspan, analista criptográfico e fundador da empresa de consultoria Quantum Economics, disse à Cointelegraph que o momento da fusão e a decisão da Bakkt de se tornar pública não é surpreendente, uma vez que os mercados de moedas criptográficas estão atualmente em franca expansão.

Notando que a mudança será sem dúvida lucrativa para a Bakkt, Greenspan também concordou que o empurrão para ir a público é uma indicação de que o setor financeiro tradicional está começando a reconhecer a moeda criptográfica e os negócios focados na cadeia de bloqueios como maduros e valiosos: „É um reflexo de onde essas empresas estão em seu ciclo de vida e como coincide com a prontidão do mercado tradicional para aceitá-las“.

Enquanto alguns grandes investidores institucionais como a MicroStrategy fizeram ondas em todo o setor com suas compras de bilhões de dólares de Bitcoin (BTC) nos últimos meses, Greenspan destacou a eficácia de diversificar o investimento no espaço. Embora manter moedas criptográficas seja uma forma direta de ganhar exposição ao ecossistema, Greenspan disse que investir nas empresas certas poderia ser potencialmente mais benéfico:

„Há um apetite natural para que todos os investidores sejam tão diversos quanto possível“. Assim como alguém cuja carteira consiste de ouro também investiria em ações de mineração ou um magnata do petróleo investiria dentro de sua própria indústria“. Muitas vezes, investir diretamente em uma empresa pode ser mais lucrativo do que comprar uma ficha cujo valor pode ser desconhecido“.

Joel Edgerton, diretor de operações da empresa americana de câmbio de moedas criptográficas bitFlyer, disse à Cointelegraph que o momento da oferta pública inicial era oportuno, dados os altos níveis atuais do mercado e um forte interesse em moedas criptográficas. Ele também ofereceu uma postura alternativa sobre as razões por trás do aumento contínuo, sugerindo que pequenos investidores e empresas independentes estão impulsionando o boom da moeda criptográfica: „A Coinbase e a Bakkt estão aproveitando a janela de IPO para permitir a seus investidores um evento de saída e usar a publicidade subseqüente de seus movimentos iniciais para fortalecer suas marcas“.

Edgerton também acredita na propensão de investidores inteligentes para financiar empresas envolvidas no espaço de moedas criptográficas sem realmente comprar BTC ou outras altcoins. A falta de opções para ganhar exposição generalizada à moeda criptográfica também tem um papel importante:

„Há um apetite definido para que os investidores ganhem exposição ao espaço de moeda criptográfica investindo em empresas criptográficas, enquanto não detêm diretamente ativos de moeda criptográfica. […] Comprar ações e lucrar indiretamente com o crescimento da indústria é definitivamente atraente. Como ainda não há ETF de fácil aquisição ou fundo mútuo para criptografia, então as empresas criptográficas tornam-se um investimento em moeda criptográfica proxy“.

Ben Caselin, chefe de pesquisa e estratégia da AAX de troca de ativos digitais, disse à Cointelegraph que a mudança da Bakkt não reflete necessariamente o reconhecimento da indústria financeira em geral. Em contraste com os sentimentos de Greenspan e Edgerton, Caselin também destacou o fato de que os acionistas da Bakkt, quando finalmente for negociada publicamente, estarão apostando no pressuposto de que a troca será bem sucedida no futuro. Embora isto esteja intrinsecamente ligado aos mercados de moedas criptográficas, a Caselin traça uma linha clara entre investir diretamente em moedas criptográficas e trocas:

„É importante entender que investir em uma bolsa de moedas criptográficas não é um substituto para manter ativos digitais reais ou negociar futuros. É, em princípio, uma forma de ganhar exposição para a indústria mais ampla, mas mais especificamente, a posse de Coinbase ou ações na Bakkt repousa na suposição de que esta troca em particular será bem sucedida nos próximos anos“.

IPO’s e mega negócios

Gente como a Bakkt e a Coinbase parecem ter ganhado um avanço na corrida para ter acesso a financiamento público e publicidade à medida que buscam desenvolver suas ofertas atuais. Apesar de Bitcoin ter atingido novos máximos em ocasiões distintas nas últimas semanas, Edgerton acredita que o espaço ainda está em sua juventude, e o investimento do público em geral se tornará um fator-chave para o crescimento na próxima década: „As IPOs são obviamente uma importante fonte de financiamento, e uma IPO bem sucedida deve também encorajar os VCs a investir no próximo grande unicórnio criptográfico“.

The first Ethereum rally took place between August 2015 and June 2016.

The second rally took place from June 2016 to December 2017.

The historic high of ETH is at $ 1,594

Ethereum (ETH) has grown significantly since March 2020. Unlike Bitcoin (BTC), however, it still has to surpass its all-time high (ATH) of $ 1,594, which it reached in January 2018.

In this article, we’ll compare the previous market cycles for Immediate Edge, and see how they can approximate the current upward movement.

The first major rally for ETH took place from August 2015 to June 2016. During this period, the price of ETH went from a low of $ 0.50 to a high of $ 21.49 , which represents an increase of 4,200%. This movement took place over a period of 308 days (shown in green below).

This movement was followed by a 72% drop in 175 days (shown in red), which led to a low of $ 5.92 in December 2016. Nonetheless, this new low still measured an increase of around 1,200% compared to August 2015 prices. This is also a higher low compared to August 2015 prices.

This period marked the first major market cycle for ETH. It also provided its first all-time high which, interestingly, has not been retested since.

ETH’s next significant rally started after the aforementioned low in December 2016. The rally was slightly longer, but with an even higher growth rate.

In 399 days (green), ETH rose 26.840%, reaching a price of $ 1,594 in January 2018. This is its all-time high, which is still valid today

This rally was also different from the previous one as it featured a 140 day period during which the price consolidated before heading for the high of $ 1,594. It is therefore possible to divide this period into two rallies, one which led to the peak of 405 dollars in June 2017 and the other which led to 1,594 dollars.

In all cases, there followed a period of massive correction (in red). ETH fell 95% in 336 days, reaching a low of $ 80.56 in December 2018.

As a result, the second rally represented an even higher rate of increase, but also a stronger and larger correction thereafter.

Bitcoin is niet langer het nummer één netwerk met een bijenkorf van ontwikkelaarsactiviteit. Ethereum heeft die mantel gepakt.

Dat blijkt uit een rapport van Crypto Bull, een durfkapitaalbedrijf. Het artikel is geschreven door Maria Shen, een partner bij het bedrijf. Volgens dit rapport voegen elke maand meer dan 300 ontwikkelaars zich bij het Ethereum-netwerk en deze toestroom betekent dat veel nieuwe ontwikkelaars zich meer aangetrokken voelen tot het Ethereum-netwerk in tegenstelling tot Bitcoin en andere platforms.

De tweede plaats is misleidend

Ten eerste is het opmerkelijk dat Ethereum bleef groeien en uitbreiden tijdens de recente Crypto Winter, en het einde van die moeilijke tijd culmineerde in een serieuze prijsstijging voor de crypto. Sommige mensen zijn van mening dat het Bitcoin-netwerk actiever is dan enig ander crypto-netwerk. Volgens Electric Capital is die theorie onjuist.

De essentie van het rapport was om de resultaten te beoordelen na het volgen van verschillende op blockchain gebaseerde crypto-ecosystemen. Een ontwikkelaar wordt geacht actief bij te dragen aan de ontwikkeling van een blockchain-netwerk, zolang ze aan iets gerelateerds werken. Volgens deze statistiek is het Ethereum-netwerk meer dan 4 keer actiever dan het Bitcoin-netwerk. Als zodanig is het misleidend om Ethereum op de tweede plaats te plaatsen na Bitcoin.

DeFi wordt sterk

Een sleutelfactor die enorm heeft bijgedragen aan de toegenomen activiteit op het Ethereum-netwerk is de verspreiding van verschillende DeFi-projecten. Ethereum is gastheer voor talloze cryptoprojecten en veel ontwikkelaars zetten DeFi-platforms op om op de keten te draaien.

Naarmate DeFi populairder wordt, migreren meer mensen naar Ethereum om te profiteren van de bloeiende financiële kansen die DeFi biedt. Aan de andere kant is Bitcoin niet op een significant niveau in verband gebracht met DeFi.

Er is groei over de hele linie

Ethereum en Bitcoin zijn niet de enige cryptonetwerken die een groei hebben doorgemaakt, vooral de afgelopen maanden. De hele cryptomarkt bruist momenteel van de activiteit, aangezien velen zich schrap zetten voor de mogelijke uitbraak van megastieren die naar verwachting de piek van eind 2017 zal overtreffen.

The 1inch decentralized exchange liquidity aggregator has entered into a partnership with the NEAR project. The agreement calls for the deployment of Mooniswap automatic market maker (AMM) algorithms in this network in 2021 and the search for the best swap opportunities for Pathfinder tokens. This was reported to ForkLog by 1inch representatives.

Mooniswap liquidity pools in the NEAR and Ethereum networks will be independent of each other. Users will be able to use the NEAR Rainbow Bridge to transfer Ethereum tokens to the new blockhouse.

NEAR is a Proof-Of-Stake-based smart contract platform. The system uses an innovative consensus mechanism called Nightshade with the implementation of sharding, through which there are no limits on network bandwidth in theory. The NEAR protocol has a single environment common to all decentralised applications, similar to the current Bitcoin Up architecture.

„The existing NEAR scaling technology will allow the team to experiment with sharding and be ready for Ethereum 2.0,“ said co-founder and CEO of 1inch Sergei Kunz in a press release.

Mooniswap has reduced its profit margins for arbitrators by introducing a five-minute time delay in pricing. Thanks to this approach, the market maker forces them to make transactions at less favourable prices. This adds value to liquidity providers. The arbitrators receive only part of the slippage, while the other part is redirected to the general pool of liquidity providers.

In 1inch, they believe that Mooniswap brings liquidity providers 50-200% more revenue than Uniswap v2.

Messari analysts have suggested that 2021 will be the year of the „platform war“ due to the emergence of DeFi eco-systems in blockades competing with Ethereum.

The launch of the main network NEAR Protocol took place in October 2020.

Earlier Vitaly Buterin, the creator of the second most capitalised crypt currency, expressed his fears that NEAR could pose a serious threat to his creation.

The launch of Ethereum 2.0 will take place on 1 December. By 24 November, users had contributed the required 524,288 ETH to the deposit contract.

On November 24, the price of XRP jumped to over $ 0.90, before falling rapidly by about 30%.

This course was only seen on Coinbase and as a result of the madness its website temporarily went down.

XRP is benefiting from an extended price rally, but still falls short of its previous all-time highs

The price of Ripple’s XRP token, currently the third-largest cryptocurrency in the world by market cap, climbed to $ 0.90 today, only to fall rapidly by 30%.

This was apparently motivated by Bitcoin Code users as the price of XRP has not reached the same levels on other exchanges. Bitfinex, Bitstamp, and Kraken, for example, recorded numbers as low as $ 0.80 during the same period.

In light of this, some believe the market has reached a stage in the bull run where prices are starting to diverge on different exchanges – a phenomenon that can often be attributed to liquidity issues.

Shortly after the peak and the mini-crash that followed, “Coinbase” started trending on Twitter in the United States. As in the past, the surge in activity appears to have crushed Coinbase’s website.

This is not without precedent and seems to have happened again despite CEO Brian Armstrong’s statements about the preparation. “We are working hard to add additional capacity (both at the server and customer support level) to cope with the increased traffic,” he tweeted on November 18.

Target previous summits

As previously reported by BeInCrypto, XRP had a historically good week, climbing 100% in seven days, including a 40% increase from $ 0.32 to $ 0.45 in just 24 hours between November 21 and 22. .

According to Forbes , the latest rally was primarily driven by the news that the company behind XRP, Ripple, which owns around 60% of the tokens, said it was looking to capitalize on a central bank rush to digitize its currencies. .

Despite its current rise, XRP is still down around 80% from its 2018 high.

Cryptomoints like Bitcoin are the best form of money, says Binance’s CEO.

DeFi are here to stay, despite signs of a bubble,‘ says BinanceNOTÍCIAS CEO
Changpeng Zhao, the CEO of the world’s largest crypto exchange, Binance, said decentralised finance is here to stay, although many DeFi projects show signs of being in a bubble.

Binance offers cashback to Brazilian clients who deposit in reais on the platform
In a November 17 interview with the Russian news agency RBC, Zhao argued that „many DeFi projects are already in a bubble, and I also believe there are some signs of a bubble in the DeFi industry, but that does not mean that DeFi will eventually disappear completely. ”

Zhao went on to say that the DeFi industry has much potential Bitcoin Profit for growth, noting that DeFi still remains popular amid a continued boom in Bitcoin (BTC). He also stressed that initial currency offerings, or ICOs, were called bubbles in 2017, but a number of projects born in ICOs – including Binance – are still going very well:

„Companies create new tokens and issue them as rewards. This is not a long story. But I think DeFi is here to stay. Even now, with Bitcoin’s popularity growing again, DeFi is still popular. We think there is a great potential for growth in DeFi. ”

CZ: Binance translators to find ’smart‘ ways to bypass US blockade
However, Zhao said that some DeFi projects „may not last long,“ although the industry provides a number of incentives through DeFi income and liquidity farms.

Zhao also said that cryptomoedas like Bitcoin are the best form of money, defining it as „freedom money for millions of people around the world. The CEO predicted that the market for cryptomorphs has the potential to grow by as much as 100,000%, as digital assets are supposed to become more widely adopted than the decree.

Binance launches Ethereum mining pool at 0.5% rates
While he sees a future for DeFi, Zhao has highlighted obstacles for the industry to achieve mass appeal. In August, he said centralized exchanges will remain popular until decentralized exchanges become easier to use.

La palabra „cripto-moneda“ es un nombre equivocado porque no es una moneda, según Roubini.

Nouriel Roubini, economista galardonado y conocido escéptico de Bitcoin (BTC), confía en que las monedas digitales de los bancos centrales, o CBDC, son el futuro del dinero.

De acuerdo con Roubini, los CBDCs globales como el yuan digital son capaces de reemplazar los principales servicios financieros y las criptodivisas en un futuro próximo. „Van a estar desplazando a los sistemas de pago digital, o en el sector privado, empezando con las criptodivisas que no son realmente monedas“, dijo el economista en una entrevista el 7 de noviembre con Yahoo Finance.

Roubini predijo que una „revolución“ impulsada por el CBDC llegará tan pronto como en tres años:

„Así que no sólo no necesitas la criptografía, ni siquiera necesitas a Venmo. Ni siquiera necesitas una cuenta bancaria. Ni siquiera necesitas el cheque. Y la gran revolución que veremos en los próximos tres años serán las monedas digitales del banco central“.

Además, el mundialmente conocido economista confía en que la criptodivisa en sí misma es un „nombre equivocado“, porque una moneda necesita proporcionar una unidad de cuenta. „Nada tiene precio en Bitcoin o en cualquier otra criptodivisa“, argumentó Roubini, afirmando que la criptodivisión no proporciona ni un „numerador único“, ni un „medio de pago escalable“.

Sin embargo, Roubini sí admitió que Bitcoin podía servir como almacén de valor, que es una función importante del dinero junto con una unidad de cuenta y un medio de intercambio:

„Es quizás un almacén parcial de valor, porque, a diferencia de otros miles de lo que yo llamo shitcoins, no puede ser tan fácilmente degradado porque hay al menos un algoritmo que decide cuánto aumenta el suministro de Bitcoin con el tiempo, porque para la mayoría de esos otros, literalmente, se hace ad hoc, y se están degradando más rápido que lo que hace la Reserva Federal“.

Roubini también ha criticado las finanzas descentralizadas, una de las principales tendencias del mercado criptográfico en 2020. „El DeFi fue vaporoso desde su inicio“, argumentó el economista a fines de septiembre de 2020, agregando que la industria está „totalmente vacilante ya que la cadena de bloques siempre fue la tecnología más sobrevalorada de la historia de la humanidad“.

Kraken is the latest cryptocurrency exchange to disclose its position on the potential division of the Bitcoin Cash chain.

The exchange says it supports Bitcoin Cash Node in the event of a split.

If Bitcoin Cash ABC attracts more than 10% of the hashing power, Kraken will credit users with newly created coins.

The main cryptocurrency exchange Kraken will support The News Spy if a split in the BCH chain occurs this month. The trading platform will only credit users with Bitcoin Cash ABC if it manages to attract noticeable hashing power after the introduction of a controversial network upgrade on November 15.

Exchanges and other cryptocurrency companies continue to reveal their own positions in the face of any upcoming chain split. So far, the responses have been varied.

Another hard fork?

The cryptocurrency industry increasingly expects a new division of the Bitcoin Cash chain later this month. A controversial and apparently marginally supported network upgrade threatens to create two versions of Bitcoin Cash. Those responsible for the change plan to implement it on November 15.

The upgrade is focused on the issue of developer funding. Some community members support an 8% developer payout taken directly from bulk rewards.

Meanwhile, others disagree, arguing that bulk rewards shouldn’t fund developers. Those in favor of a hard fork to bring in an integrated development fund form the Bitcoin Cash ABC camp. Meanwhile, opponents support the implementation known as the Bitcoin Cash Node.

Assistance Kraken

Kraken is the latest exchange to announce its position on the issue. The cryptocurrency trading platform, which recently became the first to boast a banking license, said in a blog post that it will support Bitcoin Cash Node regardless of the outcome of the hard fork.

The exchange says it will refer to Bitcoin Cash Node as “Bitcoin Cash”. It will also continue to use the symbol “ BCH ” for the implementation of the non-developer fund. It justifies its position by referencing 70% of network signaling support for Bitcoin Cash Node versus less than 1% for Bitcoin Cash ABC.

Kraken will only support Bitcoin Cash ABC if it attracts at least 10% of the total hashing power of Bitcoin Cash Node. He adds that it may not support full Bitcoin Cash ABC trading.

If the new version attracts enough hashing power, the exchange will credit users holding BCH at the time of the split of an equal number of Bitcoin Cash ABC. However, Kraken’s support may be limited to only allowing withdrawal of funds.

If he takes over the implementation of the development fund, he will do so under the symbol “BAB”, referring to the asset as “Bitcoin Cash ABC”. The exchange recommends that these Bitcoin Cash margin traders close their positions before the fork.