Crypto currency market is going upright spiral in terms of popularity and this has attracted attention of plethora of scammers and thieves that like making money by cheating. One such website called buyucoin.com has cropped up in Noida, India. A quick Google search reveals that the area is brimming with scammers and thieves. Buyucoin claims to be market leader in India which is quite funny since it is behaving like localbitcoins, unocoin and plenty of other startups do not exist. This is a major red flag telling you not to give a single cent to the people at Buyucoin.

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Poloniex has been in the news for all the wrong reasons – disabling litecoin wallets, Zcash wallets, Bytecoin wallets; not participating in free Stellar Lumens campaign and even updating their terms on the hard fork day. Today, they have announced that they will be crediting all users who had their bitcoin in their account balance at the time of the fork with matching BCH. This will be done on August 14^th 2017 or before.

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Coinbase has announced that they will be adding support for Bitcoin Cash next year. At the time of hard fork, Coinbase initially said no to the bitcoin cash since they thought that would not be safely supported on the day it was launched and that is why they released a statement where it asked users to withdraw their bitcoin from coinbase and add it to the exchange where they would get the free bitcoin cash. Now, Coinbase has sent emails to its customers telling them they have examined the relevant issues and have decided to work on adding support for bitcoin cash for Coinbase users.

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Indian Finance Ministry has been informed by their internal panel to stop and discourage the use of bitcoins and other crypto currencies in India. The panel justifies this step in order to prevent people from potential frauds, drugs and stop money laundering. This very panel was formed by the Indian Finance Ministry back in April to suggest how to deal with digital currencies in India.

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Okex.com is a popular Chinese exchange but there are no clear instructions on how to withdraw BTC. A lot of people deposited their bitcoin on Okex for getting the free bitcoin cash but now are unable to find a way to withdraw BTC from Olex.com. For that, follow the instructions given below.

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Bytecoin has released a new official blockchain which is a welcome addition for the wallet users. All you have to do is download the bytecoin for your system from here and then download and install the entire blockchain in one go by following steps given below. Until there is no official bytecoin wallet with web node, this is a good choice. Bytecoin wallet is available for Windows, Mac OSX and Linux.

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Litecoin developer team has churned out release of 0.14.2 to the public. This is a major release that includes new features and of course, many bug fixes and performance improvements. All the users are requested to upgrade to this new version.

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Poloniex has updated its terms and conditions and has added multitude of references for the forks. In the section V in Risk Disclosure Statement, Poloniex has added that “Blockchain networks may go offline as a result of bugs, hard forks, or a number of other unforeseeable reasons.”In addition to that, in Section XVI, the popular crypto currency exchange says,

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Cryptonator, popular multi-currency wallet portal, has announced on their website that they would not be supporting the bitcoin cash, BCC. They say that there is no intention to support Bitcoin Cash fork immediately after the 1st of August as they have serious doubts if the Bitcoin Cash will survive or not. They add they have suspicions if bitcoin cash will boast any future market value.

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Bitpanda which is a popular crypto currency exchange in Europe has announced that if blockchain split happens after August 1^st, 2017, they would not support Bitcoin Cash. They added that they do not support the contentious hard fork attempts and hence won’t credit its users with BCC coins according to your Bitcoin balance. In the future, it may be possible, that they add BCC as a trading pair, although this is yet to be decided.

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