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Two more types of BCH tokenization projects have been announced on July 18, giving the BCH community a wider variety of different ideas that can bring forth the concept of representative tokens into reality on the Bitcoin Cash network.
Just recently a team of programmers announced the creation of a ‘Bitreon.cash,’ a platform that aims to be similar to the popular membership application, Patreon. This particular platform, however, will be censorship resistant and powered by bitcoin cash (BCH) payments. In order to fund the protocol, two developers have raised 47 BCH so far out of their 100 BCH goal; the funds will be used for marketing Bitreon.
Institutional money is coming. At least that’s been the refrain from desperate cryptocurrency traders for the past six months, praying for an influx of new fiat to shore up prices and float their alt bags. But is it really the case that institutional investors are waiting on the sidelines for the right framework to buy in? At Blockchain Expo in Amsterdam last week, news.bitcoin.com spoke to two exchange leaders who are confident that it’s a question of when, not if, institutional investors pile in.
The first ever hard fork of privacy-oriented cryptocurrency Zcash is little more than a day away. The upgrade is called Overwinter and it will take place at block 347,500.
What is Overwinter?
Overwinter is set to become the very first hard fork for Zcash. Its purpose is to fortify the existing protocol for future upgrades. Designed to activate at block 347,500, which, assuming 150 seconds/block rate, should happen on June 26th, the upgrade will require all users to update the existing software.
Coinbase, the largest cryptocurrency exchange in the United States in terms of trading volume, has announced its intention to add support for Ethereum Classic (ETC) to its ecosystem.
After announcing that it intends to become the very first cryptocurrency broker-dealer in the U.S., Coinbase announced earlier today that it will add Ethereum Classic (ETC) to its trading platforms in the coming months.
We are pleased to announce our intention to add support for Ethereum Classic (ETC) on Coinbase in the coming months.https://t.co/bUG4iLUr2J
— Coinbase (@coinbase) June 12, 2018
With regulatory uncertainty looming over the industry, incumbents should not feel too comfortable at the top.
Fundstrat researchers, led by Tom Lee, say Bitcoin is all set up for a massive rally going into Consensus week. The Bitcoin price has dipped slightly to the $ 9,300 mark after nearly reaching the $ 10,000 mark. The cryptocurrency has been on a three-week high after struggling for the better part of 2018.
Historical Relationship Between Consensus and Bitcoin Price
The Fundstrat researchers are basing their prediction on the behavior of Bitcoin prices in the wake of previous Consensus conferences. In a note to clients of the firm, Lee stated that this year’s gathering would be larger than the one held last year. He also went on to say that whenever attendance at the conference increased significantly, Bitcoin prices rallied in the immediate aftermath.
Over the years, different means of digital exchanges have been evolving. While technologies built on a centralized foundation have not been able to stand the test of time, new technologies have deduced that the best types of digital exchanges can only be built on the decentralized system. Though various digital currencies are used for online transaction, some weigh higher than others.
Just in the past few months alone, the cryptocurrency industry has been noticing a serious relationship forming between Daniel Debek, Founder of SAFEX, and Chai Shepherd one of the Co-founders of PLAAK.
The Coincheck exchange hack sent shockwaves through the crypto community, and analyst Nicholas Colas says to expect more such hacks in the future.
The hack of the Japan-based Coincheck crypto exchange last week was huge. Roughly 523 million of its NEM coins were stolen, causing the exchange to shut down all withdrawals, except for Bitcoin. The overall value of the stolen coins is around $ 534 million. However, the crypto market stabilized pretty quickly, but more trouble may be coming. In an interview with CNBC, analyst Nicholas Colas said that more exchange hacks will happen.