Arabi Australia Brasil Canada Deutschland España France Greece India Italia Japan Korea Maghreb México Québec South Africa United Kingdom United States As we reported earlier today, Barry Silbert may soon find himself in regulatory hot water.The influential New York-based Bitcoin financier, whose Digital Currency Group acquired leading cryptocurrency outlet CoinDesk, is accused by some members of the community of influencing markets with his clout - and profiting from such influence.For all intents and purposes, Ethereum Classic is a worthless scam.The major cryptocurrency exchange BTC-E agrees, and recently stated Classic is just that: a "scam."Last weekend in Palo Alto I had a chance to wade deep with some of cryptocurrency's best, and I didn't hear much in favor of Classic's legitimacy.Ultimately, however, it is regulators that will decide.Is the shameless promotion of "Classic" a violation of the spirit of U.S.

Certainly, some believe the tone and coverage of CoinDesk's reporting has shifted since Mr.Silbert's DCG acquired it.Here are some examples from late July: Is this wrong?bitcoin gadget windows xpIt's not for me to say.bitcoin is eating itselfIf penny stock pumpers bought their own media outlets, however, it would make it much easier for authorities to prosecute them.bitcoin palo altoDisclosure: At time of publication, I hold some bitcoin, ether, US dollars, and gold in my long term portfolio.bitcoin mining luckAs I held ether at the time of the fork, I also have a "Classic" position by default but have not sold any - Classic is a scam and I am uninterested in profiting from the sale of duplicate tokens.bitcoin kupic

From Our Partners Presented by LendingTreeThe move can be rather eventful for the cryptocurrency ecosystem especially if followed by other large Chinese exchanges.bitcoin utorrentemail share Huobi, one of the largest Chinese exchanges, made a huge step ahead to bring more liquidity to the cryptocurrency market.oscar james bitcoinYesterday, the exchange announced that it will start Ethereum trading on its platform on the last day of May.litecoin worth miningBREAKING: Huobi to list ETH trading today!https://t.co/UWlu7tWwHx — cnLedger (@cnLedger) May 27, 2017 It is big news for the Ethereum ecosystem.bitcoin exchange ceo deathThe question remains if other leading Chinese exchanges will follow.

.@huobicom is one of the biggest bitcoin exchanges in China.When will the other two of the "Big Three" @OKCoin & @YourBTCC make the move?— cnLedger (@cnLedger) May 27, 2017 Traditionally, Chinese exchanges have been focusing on Bitcoin only neglecting Ethereum, which was rather odd.Now, the announcement from Huobi has all chances to change the situation for the better.The fact that Huobi will start Ethereum trading can be rather eventful for the whole cryptocurrency ecosystem.As Chinese exchange generate a lot of volume on a daily basis, it is likely that the demand for ETH will increase.As for now, the price makes up $170.Experts do not expect a massive price increase although the availability of direct trading market against the Yuan is always a good idea.It is nice to see that Huobi has made a brave move.The decision of Chinese government to halt withdrawals has led to Chinese exchanges losing some of their appeal.As a result, both Japanese and Korean trading platforms outperformed China in trading volume.

Now, experts wonder of Huobi will enable ETH withdrawal or just provide an option to buy Ethereum.The example of Huobi can be rather inspiring for other large Chinese exchanges such as BTCC and OKCoin.As a matter of fact, BTCC has already confirmed it will start Ethereum Classic trading soon.There is still some “bad blood” between Ethereum and Ethereum Classic, the original blockchain without the contentious DAO bailout fork.The former is the ecosystem with the most media attention and a growing number of use cases.It will be interesting to see how both ecosystems will evolve over time.Earlier this month, People’s Bank of China unveiled that it is developing new regulations on bitcoin trading and local digital currency exchanges that will be implemented by June.Until then, on-site inspections on the country’s three largest bitcoin exchanges OKCoin, BTCChina, and Huobi will likely continue.The inspections can result in administrative punishment for the exchanges.They will likely have to pay fines for their previous operations that may have violated existing financial regulations in China.

If Chinese authorities implement new regulatory frameworks, it may surge bitcoin demand in China and therefore bitcoin price listed by the Chinese bitcoin exchange market is likely to increase.As for now, bitcoin is traded at $2,168, according to the CoinMarketCap.Ethereum Classic (ETC) (Source: Poloniex, 16 minutes ago) Date of Launch: 2015-07-30 Forked from: Written from scratch Total Number of Coins: Consensus Mechanism: Hashing Algorithm: EthashSupported Platforms: Linux, macOS, WindowsStatus: HealthyPopularity: 30 (5.2 hits per day) Ethereum Classic (ETC) is an open-source, decentralised cryptocurrency platform announced in July 2015 when the original Ethereum (ETH) blockchain was hard-forked following a security breach.Although the hard fork option was excessively debated and eventually approved by the Ethereum Foundation, many users felt that this move represented censorship and interference with a project that was supposed to be "decentralised".This disagreement brought about the birth of Ethereum Classic, a project whose main goal is to ensure the survival of the original Ethereum blockchain.