cryptocurrency bitcoin money

On Tuesday, December 19th, Bitcoin Cash was officially able to be bought and sold on one of the most popular cryptocurrency exchanges known as Coinbase. This means that anybody who held bitcoin before August 1st, gets the equal amount of bitcoin in bitcoin cash.

After some suspicious talk of the coin possibly showing up on the site, its official release made the price jump very quickly. Bitcoin Cash saw its price soar almost three times as well as a large amount of transactions on the site. The high amount of volatility in the price led to the site freezing transactions for the newest asset for only a few hours.

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During the later part of the day, the company stated that the high amount of chaos led to an insider trading investigation, which is quite surprising given the state of the cryptocurrency world. While many are not fully sure about what is going on, the price increase is something to take note of.

Users of the popular exchange knew that the coin would be available for trade sometime by January 1st, 2018, but exactly when, nobody knew. Those users who had stock in bitcoin before August 1st, were able to receive an equal amount in bitcoin cash. The platform stated that “We are planning to have support for bitcoin cash by January 1, 2018, assuming no additional risks emerge during that time. Once supported, customers will be able to withdraw bitcoin cash. We’ll make a determination at a later date about adding trading support. In the meantime, customer bitcoin cash will remain safely stored on Coinbase.”

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One programmer stated that in relation to the coins addition, “If you’re a programmer you know this is a very strong sign that Bitcoin Cash will receive full integration and not just withdrawals.”


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