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Even Friedcat Can’t Ignore Bitcoin Cash, Over 17k BTC Moved

With the latest statement from Poloniex, dust around Bitcoin Cash distribution seems to settle down. Most exchanges or service providers return the control of BCC/BCH to their users. Bitpie mobile wallet allows users to claim BCC via simple clicks. Bixin opt to liquidate BCC and return BTC to their users. The hard fork also some wake up some dormant accounts. Over 17k BTC of two accounts that are believed under the control has been transferred around the hard fork timing.

Poloniex was the first exchange to support ETC trading when the “DAO” fork took place in July 2016. Naturally, people expect they would follow the same principle on the Bitcoin Cash emergence. Today Poloniex finally released the statement that put their users at ease:

Bitcoin Cash (BCH) balances will be credited by 8/14.

BCC network is weak at the moment and sometimes only 5 blocks could be observed in 5-6 hours. Bter announced yesterday the opening of BCC withdrawal and deposit. 3 confirmations are required to get their account credited.  So far Bter and viabtc are the two exchanges that allows BCC deposits. Withdrawal from Viabtc requires 20 BCC confirmations if the asset is involved with BCC deposit as per the reply from Yang Haibo, CEO and founder of Viabtc:

Due to the low hashrate of BCC network, we allow withdrawal after 20 BCC confirmations to prevent double spending from 51% attack.

Other exchanges displays different attitude. Yunbi started BCC trading on 3 August.  As per their previous notice, Yunbi took a snapshot for the hardfork and left a message for public verification.

Snapshot Address: 1A1RmbbVoL4pnMZfvgZQvhamiyMqHrap9Q

Snapshot Amount: 32941.0378

Snapshot Message: yunbi-btc-snapshot-for-bcc-at-201708012020-full-amount-32941.0378-txid-8fbbac-blockid-478543-ad0cf4

Snapshot Signature: H3dKDu2/zTc5K2ToLKnbLElDlUpvatPH2gpHapVq5GZ9TL5C5UM/QNvby6/dqnhyGM4R9+fkaaacR9B+QQtkm30=

Yunbi’s practice is the most transparent disclosure among all exchanges. Users of btc38 still await their account to be credited with BCC. Yuanbao is still very quiet over the issuance of BCC.

The circulation of BCC ironed the price gap between exchanges. Now Bitcoin Cash ranks 4# in terms of market value. CCTV reported the emergence of Bitcoin Cash yesterday, saying Bitcoin Cash as the “new opponent of Bitcoin”. Full playback here.

20170804150634

CCTV coverage of Bitcoin Cash

The free Bitcoin Cash seems so tempting that even Friedcat, founder of ASICMINER, couldn’t resist. According to Blockmeta, the BTC/ETH blockchain explorer of 8btc, two addresses that are believed to be under Friedcat’s control show unusual activities. The balance of one of Asicminer’s address has been transferred to new address on 29th July. Over 11,877 coins were split into 2 transactions.  Earlier this morning, 5,720 BTC were withdrawn from another ASICMINER’s address.

22

Asicminer Address1: https://blockmeta.com/btc-address/15h6A2a3D31vRviBDdSpvhLtYJq3aePhdW

11
Asicminer Address 2: https://www.blockmeta.com/btc-address/1BnkEt2ceoVhnQVrqeAzigcroQ6MVyxFey

As a legendary figure, Friedcat vanished from bitcoiner’s view since early 2015. It’s said that he was involved with some mining farm dispute. In the 2013 bubble, ASICMINER’s weekly dividends distribution was the high time for its shareholders.

COMMENTS(10)

  • hl5460
    4 months ago hl5460

    With the latest statement from Poloniex, dust around Bitcoin Cash distribution seems to settle down. Most exchanges or service providers return the control of BCC/BCH to their users. Bitpie mobile wallet allows users to claim BCC via simple clicks. Bixin opt to liquidate BCC and return BTC to their users. The hard fork also some wake up some dormant accounts. Over 17k BTC of two accounts that are believed under the control has been transferred around the hard fork timing.http://news.8btc.com/even-friedcat-cant-ignore-bitcoin-cash-over-17k-btc-moved

  • BitcoinAllBot
    4 months ago BitcoinAllBot

    Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: 8btccom

  • BitcoinCitadel
    4 months ago BitcoinCitadel

    He’s a thief

  • 101111
    4 months ago 101111

    He’s alive!!!

  • DahhBruins
    4 months ago DahhBruins

    Scumcat should be his new name.

  • Kemarit
    4 months ago Kemarit

    Quote from: hl5460 on August 04, 2017, 09:30:46 AM
    With the latest statement from Poloniex, dust around Bitcoin Cash distribution seems to settle down. Most exchanges or service providers return the control of BCC/BCH to their users. Bitpie mobile wallet allows users to claim BCC via simple clicks. Bixin opt to liquidate BCC and return BTC to their users. The hard fork also some wake up some dormant accounts. Over 17k BTC of two accounts that are believed under the control has been transferred around the hard fork timing.http://news.8btc.com/even-friedcat-cant-ignore-bitcoin-cash-over-17k-btc-moved

    Oh well its a free coin so everybody wants to get their hands on it. The owner of those 17K BTC thinks this is easy money so why not take it. But after that what do you think will happen? They will just quickly dump this altcoin and sell it to BTC put it back in there wallet and we will not see or hear anything from them again, unless their is a free cash again coming. LOL. Dust around Bitcoin Cash has settled and the price has plummet down as of now.

  • homopit
    4 months ago homopit

    A big one.

  • Rahar02
    4 months ago Rahar02

    Easy money, everybody wants it that’s why bch price seems like a dead cat for now.Who want to buy it? When everyone has many bch and there’s no any usability yet instead of for trading purpose right now.After bch deposit allowed, many exchanges get huge amount of bcash flow into their wallet and stuck there simply because people don’t want to sell it less than $300 (mostly) after they have seen bch reached over $1000. But, I doubt bch will ever get back to $1000 again or at least not in this year.

  • Netnox
    4 months ago Netnox

    What about Coinbase? I heard that an attorney from Miami has sued them, for their refusal to credit the users with Bitcoin Cash. And I am more worried about Blockchain.info. Are they going to provide support for Bitcoin Cash anytime soon?

  • hl5460
    4 months ago hl5460

    Quote from: Rahar02 on August 05, 2017, 05:16:14 AM
    Easy money, everybody wants it that’s why bch price seems like a dead cat for now.Who want to buy it? When everyone has many bch and there’s no any usability yet instead of for trading purpose right now.After bch deposit allowed, many exchanges get huge amount of bcash flow into their wallet and stuck there simply because people don’t want to sell it less than $300 (mostly) after they have seen bch reached over $1000. But, I doubt bch will ever get back to $1000 again or at least not in this year.

    Let the market decides its fate.

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