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McAfee-Hated HitBTC Tweets About Supporting ETH Constantinople Upgrade

  • Yuri Molchan
    📰 News

    The crypto exchange opposed by John McAfee spreads word it will second the approaching Ethereum fork that is to happen within several days


McAfee-Hated HitBTC Tweets About Supporting ETH Constantinople Upgrade
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On Saturday, 12 January, HitBTC announced through its Twitter account that it is up for supporting the coming and long-expected upgrade of the Ethereum’s network.

In its blog, HitBTC gladly welcomes the approaching Constantinople hard fork, reminding users that it will consist of Ethereum Improvement Proposals (EIPs) and will help Vitalik Buterin’s brainchild to switch from the costly PoW consensus protocol to the PoS one, thus increasing the network’s scalability and making ETH transactions cheaper than now.

HitBTC reminds its customers that if they wish to make any ETH deposits, they must leave enough time for them to be processed before the block at which the hard fork will happen, is achieved. The block height mentioned above is 7,080,000.

The exchange also mentions to its users that it has always seconded all major blockchain upgrades, including Bitcoin Cash and Ethereum Classic.

The Ethereum upgrade is most likely to happen on January 16.

HitBTC is just one of the nineteen crypto exchanges around the world that are also offering their support to the Constantinople fork. Huobi and OKEx were the first to agree to provide support for the hard fork. Binance is supporting it as well.

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HitBTC exchange

In the summer 2018, HitBTC became wide famous thanks to the controversial figure in the crypto world – John McAfee, who has now joined a run for the coming US presidential elections.

Back then, McAfee first began to war tweet against HitBTC for its, allegedly, bad treatment of the Docademic coin, which at the time was one of McAfee’s favourites.

Finally, McAfee decided to sue HitBTC, claiming that the fees it charges from traders are too high for regular unbanked and poor people, thus not giving them a chance to get out of poverty in the emerged crypto world.

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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

'Bitcoin symbol and graph.Vector illustration.' image by 123rf https://ru.123rf.com/photo_69329295_bitcoin-symbol-and-graph-vector-illustration-.html?term=bitcoin&vti=njv6v7w01tymanucm1-1-82
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