Poloniex Will Become the First Crypto Exchange to Offer Trading with the Upcoming Hard Fork of Bitcoin Cash

The cryptocurrency exchange Poloniex has recently announced the news about its support of the upcoming hard fork of the coin Bitcoin Cash which is scheduled for November 15.

This is the first time that the exchange offers tokens for trading prior to their actual appearance. The Poloniex customers will soon be able to trade Bitcoin Cash ABC and Bitcoin Cash SV.

The representatives of Poloniex state the following:

We’re doing this to empower customers to demonstrate their support for one coin over the other through trading activity.”

We remind you:

Upcoming Hard Fork of Bitcoin Cash Is Supported by Binance and Coinbase

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Investors Lost $135 Million Due To OKEx’s Decision To Close BCH Futures Too Early

OKEx upset its customers once again, this time the crypto exchange cancelled their investments too early, as a result, they lost quite impressive amount of money – $135 million.

These investments include Bitcoin Cash futures; OKEx has implemented such investments recently, however, they were not approved by any regulated business.

The exchange took all the measures due to Bitcoin Cash hard fork last week:

“Due to the upcoming hard fork, strong volatility is observed in the BCH spot and futures markets. We expect an even greater volatility…The final outcome of the BCH hard fork is still unpredictable, and so are the responses of other constituent exchanges to the new forked coins.”

Nevertheless, the disruption happened and caused drastic drop in cryptocurrencies’ prices. The Hong Kong-based OKEx decided to deliver the contracts before their due dates. It caused losses to some investors. According to Bloomberg, Qiao Changhe, one fund manager, lost $700,000.

We remind you

Bitcoin Cash: Overview, Advantages and Disadvantages, Details of The Hard Forks

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A Communist Party Committee Will Be Opened Up in China by Huobi

As stated by South China Morning Post, one of the world’s largest cryptocurrency exchanges Huobi, more specifically, its filial, will launch a special Communist Party Committee. This is the first time a crypto or blockchain-related enterprise has done so.

The firm Beijing Lianhuo Information Office, owned by Huobi’s CEO, will now operate a communist division. There are two reasons for that: firstly, the law of China dictates that any company that has more than 3 members of the Communist Party as employees must have such a committee for promoting the Party; secondly, this will strengthen Huobi’s position on the legislative level.

This might be a very wise decision, taking into consideration the attitude of the Chinese government towards cryptocurrency.

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Crypto Doomsday: Ripple Conquers ETH, While Its Taking Last Breath

The crypto industry is currently suffering one of the largest downtrends in a very long period of time. Cryptocurrencies are not just falling in price, they are absolutely and totally collapsing.


What catches your attention, besides the fact that all coins are in the deep red zone? Yes, you are right, the 2nd place after Bitcoin, which has always been occupied by Ethereum, now belongs to Ripple. XRP only lost 2.89%, whereas Ethereum plummeted by almost 15%.

Though XRP did outrun ETH before, the previous time it was not a convincing victory, since the things quickly went back to normal. This time, however, many crypto specialists believe that XRP might be here to stay.

Actually, this is not the first recent change in the rating of top digital coins. We remind you:

Stellar Has Outrun EOS and Became the 5th Top Cryptocurrency

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Poloniex Crypto Exchange Adds 6 USD Coin Trading Pairs

One of the major crypto exchanges in the world, Poloniex, decided to implement six more trading pairs which include Goldman Sachs-backed stablecoin USDC.

Users can trade the following trading pairs since November 16:

XRP/USDC
XMR/USDC
STR/USDC
DOGE/USDC
LTC/USDC
ZEC/USDC

Moreover, Poloniex claimed in its blog post that it had become the first crypto exchange to offer users the ability to trade tokens linked to Bitcoin Cash (BCH): Bitcoin Cash SV (BCHSV) and Bitcoin Cash ABC (BCHABC).

We want to remind you that such crypto exchanges as OKEx, Huobi, BitPay, Coinbase, Binance have already listed USDC stablecoin on their listings.

The Stablecoins: What Is It and Why Is It So Popular Now?

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SIM Swapping Has Become One of the Most Popular and Dangerous Types of Crypto Hacking Attacks

Hackers never sleep. They always come up with new ways to steal money, and when they find a good method, they stick to it. Recently, this has been the case for SIM swapping, an attack which can illegitimately get hold of cell phone users’ personal info and result in great money loss.

According to REACT Task Force, an organization that is fighting with crimes online, such type of attack has become so widespread due to its simplicity and efficiency, in other words, it is easy to pull off and it can bring a lot of money.

A representative of REACT mentioned:

It’s probably REACT’s highest priority at the moment, given that SIM swapping is actively happening to someone probably even as we speak right now.”

SIM swapping has already caused a couple of scandals involving major mobile providers in the US. We remind you:

AT&T and T-Mobile Are Sued by the People Affected by the Sim Swapping Hacking Attacks

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Are Crypto and Blockchain Jobs Still Relevant?

As it may be seen from the statistics taken from the job search site Indeed.com, the popularity of crypto-related jobs has begun decreasing as the hype over cryptocurrency slowly but surely fades away.


Source: Indeed.com

According to the graph, the employee’s interest in crypto jobs (blue line) has remained pretty much the same as one year ago, but did drop significantly compared with the November and December of 2017. As for the employer’s interest (red line), it has stayed quite stable, however, it is also starting to decline.

Crypto industry is a sphere where real specialists can get quite decent salaries. Hopefully, as the market stabilizes, the demand of jobs will increase as well.

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