'Bitcoin Cash' Receiving More Support Ahead of Launch From Asian Cryptocurrency Exchanges


Another major South Korean exchange announced support for Bitcoin Cash (BCC) today. Seoul-based Korbit said in a blog post on Tumbr that all clients will get BCC at a ratio of 1:1 to their Bitcoin deposits at the time of the fork, which is scheduled for August 1.

And just like Bithumb, Korbit states that all clients will be able to trade BCC a few days after the fork, when the BCC chain is stable.

A similar attitude towards BCC was also adopted by Huobi, one of China's largest exchanges by volume. In today's statement, Huobi said its clients will automatically receive free BCC coins after the fork. Additionally, Huobi said that trading of BCC will commence after "another announcement around August 1,2017."

While many Asian exchanges have already expresses support for the new Bitcoin fork, European and American exchanges/services have not been so welcoming. Bitrefill, a service that enables clients to top up their prepaid phones with bitcoin, said today that BCC will not be supported:
"We don’t have any plans to support Bitcoin Cash as a currency. Our limited engineering resources are currently being prioritized to supporting SegWit and Lightning Network transactions once those things become available."
Bitrefill also said that any BCC in company possession after the fork will be sold off on exchanges and redistributed back to clients.




Bitcoin is Spreading Its Roots Across the African Continent - Trading Volumes on the Rise in Tanzania and Nigeria


Recent data from Coin.dance, a blockchain information portal that provides up-to-date metrics on various sectors of the Bitcoin ecosystem, suggest interest in the digital currency is rising in Tanzania and Nigeria.

Coin.dance charts show weekly LocalBitcoins volume has been on the rise in both countires since the beginning of July.

During the second week of July, there was a total of 83 million Tanzanian shillings (TZS) worth of trades on LocalBitcoins in Tanzania.


When converted into USD, the 83 million TZS comes out to $37,142. And in Nigeria, weekly turnover for the third week of July hit a new record high at 971,829,166 Nigerian naira ($3 million):


Of course the Tanzanian volumes pale in comparison to the weekly LocalBitcoins figures in other African countries like Nigeria and Kenya, however, the numbers coming out of Tanzania this month are indicating that Bitcoin is continuing to spread its roots across the African continent.

In terms of the actual amount of bitcoin that changed hands, Coin.dance says that Tanzanians exchanged about 14 BTC in the second week of July, and 9 BTC last week:


Tanzanian flag image by Nicolas Raymond, Bitcoin graphic by Razor-Forex

Florida Bitcoin Company Enables DASH Transactions on 8 of Its Bitcoin ATMs


ByteFederal, a digital currency ATM operator based in Florida, has enabled DASH transactions on eight of its BTMs (Bitcoin teller machines) located in Florida.

More recently, BitcoinNW, a cryptocurrency ATM company in Oregon, launched its third DASH ATM in Oregon last month.

But unlike BitcoinNW, ByteFederal's ATMs charges a hefty 14.8% markup and only allow for fiat-to-crypto operations. With the new additions by BitcoinNM and ByteFederal, the digital currency DASH now has a total of 13 active ATMs within the U.S.