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Ethereum Classic [ETC] at $15.90 – Deposits now open on InstaSwap

Ranjitha Shastry

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Ethereum Classic [ETC] at $15.84 - Deposits now open on InstaSwap
Source: Unsplash

Yesterday, Ethereum Classic announced that they have been listed and the deposits are now available on InstaSwap, a private cryptocurrency exchange platform. ETC is listed with ETH, BTC, LTC, and XMR on the platform.

It has seen a downfall of 0.99% in the last 24 hours, and is currently trading at $15.90 with a market cap of $1.6 billion. ETC ranks at the 15th position by market capitalization, according to CoinMarketCap.

Ethereum Classic Twitter announcement | Source: Twitter

Ethereum Classic Twitter announcement | Source: Twitter

InstaSwap has features such as:

  • A simple procedure for transactions.
  • A fast process that shows a fully automated system that is said to complete transactions within 15-30 minutes.
  • Transactions are made secure as they are processed over SSL/TLS certificate.

InstaSwap’s Twitter post stated:

“@eth_classic Becomes Number 6 of Deposit Currencies. Use #ETC to exchange for any other cryptocurrency! #hardwork #cryptocurrency #cryptocurrencies #instaswap #bitcoin #blockchain #ethereum #litecoin #btc #eth #ltc #crypto #exchange #exchanger #etc #ethereumclassic.”

Their webpage mentions:

“Our customer’s safety is our first priority. Our customers neither need registration in order to exchange, nor we hold their funds.”

Ethereum Classic is an open-source blockchain-based distributed computing platform which features smart-contracts. It provides a decentralized Turing-complete virtual machine [solve any reasonable computational problem]. The Ethereum Virtual Machine [EVM] is designed to execute scripts using the international network of public nodes.

Ethereum Classic recently released the first alpha version of the Emerald Wallet v1.0.0. The Emerald Wallet is an ETC Wallet which is a part of a project known as the Emerald Platform.



ETC also announced their incubator programme launched by HCM, Digital Finance Group, and Digital Currency Group. This also offers guidance and support from IOHK [Input-Output Hong Kong] and ETCDEV. This initiative of ETC aims to provide both reliable investment and in-depth guidance from industry specialists for growing startups on the Ethereum Classic Blockchain.

A few weeks ago, ETC had also collaborated with Zeniex, a cryptocurrency exchange established by a group of financial and security experts from South Korea and China.





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Ranjitha Shastry is a part of AMBCrypto's News Reporting Team. Having done her major in Journalism and mass communication, she is passionate about business and economic journalism.

Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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