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Bitcoin Cash [BCH], EOS hikes by over 7% and 4% as Ethereum [ETH] pumps higher

Namrata Shukla

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Bitcoin Cash [BCH], EOS hikes by over 7% and 4% as Ethereum [ETH] pumps higher
Source: Pixabay

On Monday, the cryptocurrency ecosystem opened to a highly prospective market after a long time as the prices of most tokens responded to the pace set by Ethereum. Some of the major coins noted minimal growth, while Ethereum, the third-largest token on the CoinMarketCap list, pumped by more than 11% at press time.

Follwing the market pump, Bitcoin Cash [BCH] also registered an upward momentum of 7%, followed by EOS and Binance Coin, as both tokens registered a growth of over 4% over the past 24 hours.

Bitcoin Cash [BCH] 

Source: Trading view

Source: Trading View

The one-hour chart of Bitcoin Cash [BCH] showcases a significant hike on February 18. At press time, BCH was valued at $131.46, with a market cap of $2 billion. The token noted a 24-hour trading volume of $349 million while observing a growth of 7.63% over the past 24 hours. The coin noted a growth of 14.17% over the past week and is continuing to reach new heights by 0.85% over the past hour.

The token was highly traded on LBank with the BCH/BTC pair as it registered a total trade volume of $25 million. LBank was followed by Huobi Global and noted a volume of $20 million with the BCH/USDT pair. LBank took the third position with a volume of $17.8 million with the BCH/USDT pair.

EOS



Source: Trading view

Source: Trading View

As per EOS’ one-hour chart, the coin noted a spike in prices after the Ethereum price pump. The token was valued at $2.95 with a market cap of $2.6 billion at the press time. The 24-hour trading volume of the token was $1 billion as it noted a growth of 4.19% over the past day. EOS also noted a growth of 7.13% over the past week and is continuing to grow by 0.85% over the past hour.

The coin was highly traded on OKEx with a trading volume of $86 million with the EOS/USDT pair. DOBI Exchange took second place as it registered a volume of $65 million with the EOS/BTC pair, whereas Bibox took the third place as it registered a trading volume of $64 million with the EOS/ETH pair.





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Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.

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HitBTC responds to allegations of insolvency, refutes claims made by Redditors

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HitBTC responds to allegations of insolvency
Source: Unsplash

HitBTC, a Hong Kong-based exchange has been the center of accusations among users on Reddit, Twitter, and other forums. HitBTC users started complaining about issues regarding withdrawal and extensive procedures after one particular user @ProofofReserach put out a thread alleging insolvency of HitBTC.

To put an end to all the accusations, HitBTC has broken its silence with a blog post explaining their side of the story. According to HitBTC, their systems performed well during the winter of 2017-18, however, HitBTC mentioned that due to overwhelming demand for the services, they experienced bottlenecks at an operational level.

Referring to the BitcoinExchangeGuide article, HitBTC responded:



“A widely quoted article, in its entirety, is based on only 2 AML cases. One of them was initiated as part of the investigation into the December, 2018 BTCP security breach, at the request of the coin’s core team. Unfortunately, there is no clear indication of the nature of the second case that can be discerned from the article. The author of the article failed to track the deposit/withdrawal dynamics that did not uncover any irregularities. A simple block explorer or our public System Monitor would suffice for these purposes”

Additionally, referring to the altcoins being added and removed from the platform, the exchange said that they were honored to work with a diverse range of projects, however, since the crypto sphere was still nascent, there were lapses in their judgment in assessing the integration partners. With the above-mentioned prominent cases, HitBTC also addressed other topics.

@ProofofResearch replied to HitBTC’s blog:

“Is there a reason why you’re unable to tell people us where your Bitcoin storage is at? If what I published is as untrue as you claim it is, then providing a wallet address where your Bitcoin funds are stored will go a long way in *proving that*.”





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