Coinbase has announced on its blog that they are now accepting inbound transfers of Ethereum Classic. Their testing has gone according to plan and they will be launching Ethereum classic support on Coinbase Pro followed by consumer centric, Coinbase.com.
Three days back, a reddit user spotted more than $5M worth of OMG tokens being transferred to cryptocurrency exchanges by OmiseGO key contributors. This obviously did not go well with the community as it looked like the contributors were preparing for the market to fall further. OmiseGO team came out today and addressed the issue even though the movement of those OMG tokens does not belong to them.
KuCoin cryptocurrency exchange has updated rewards and benefits for the holders. The new updated bonus program for KDS holders is better than ever. In this, KuCoin will use 50% of all trading fees earned by KuCoin to buy KCS from the market and then redistribute the KCS back to users as the new KuCoin Bonus Program, replacing the old one.
Bitpanda will be adding support for ERC20 tokens this month and this means the Bitpanda team will be able to quickly integrate any ERC20 token on their exchange. The first batch to be listed includes 0x (ZRX), Augur (REP) and OmiseGo (OMG).
Tezos Foundation has announced that it will be implementing KYC/AML checks for all of its investors. They have asked the users to visit verification.tezos.com and enter KYC information. A year ago when they did an ICO literally no one was doing KYC checks, the landscape changed a lot in recent months. If you’ve been following ICOs you know that any ICO working with MME Switzerland requires full KYC and they formed the Tezos Foundation. The KYC check now might seem odd since it’s a year after the ICO, the fact is that most other ICOs were just handing out ERC20 tokens so they didn’t need to build a working project yet before they could do the distribution. That’s what makes this situation different.
One of the best things about decentralized blockchains like bitcoin, ethereum and ethereum classic is that anyone can perform a hard fork and make a new coin. Ethereum Emerald is going to do a hard fork on 13th of July 2018.
Shipchain, a token that runs on Ethereum blockchain has received cease and desist order. Shipchain’s token, SHIP providing an interesting study here for what happens if an ICO neglects what is generally ‘recommended’ nowadays for token sales which is no sales to US citizens, especially un-accredited, whether wrong or right. This has already led to 40 percent dump today.
Bithumb, one of the biggest exchanges from South Korea has listed four new coins/tokens on their website. This includes TenX(PAY), WAX(WAX), Power Ledger(POWR), Loopring(LRC) and Gifto(GTO). Here is the link to the official tweet by BithumbOfficial. Bithumb is a huge market for all of these tokens/coins.
Retail investors can now buy the Ethereum Classic Investment Trust which means Ethereum Classic (ETC) can now be bought as an ETN (ticker ETCG), similar to way you can buy bitcoin thru GBTC. It looks like premium is 30-40% over current price of Ethereum Classic. This and GBTC are the only two publicly traded vehicles in cryptocurrency like this. Year from now who knows, how many cryptocurrencies will be available on OTC marketplace (OTCQX).
Ethereum Classic is going to hard fork, again. However, this time, there will be no airdrops and so no free coins. This update is going to deal with the difficulty bomb that is set to make the ethereum classic mining non profitable. Removing the difficulty bomb will ensure that ETC is still profitable to mine. This will help keep the network strong as well.