Huobi delays BCHABC deposits! Also, forced liquidation of BCH by OKEx!? A series of troubles surrounding Bitcoin Cash have occurred
The series of “hard fork tumult” triggered by BCH, the cryptocurrency with the fifth-largest market capitalization, is currently causing various troubles.
Two main troubles are listed as incidents at major cryptocurrency exchanges.
- Major exchangeHuobidelayed BCH deposits due to an emergency
- OKEx’s forced settlement of BCH
Huobi’s emergency delay of BCH deposit at a major cryptocurrency exchange
Huobi, a major exchange based in Singapore, announced on its official SNS that the BCH (BCH ABC) deposits scheduled for 15:00 on Monday, November 19, Japan time, would be postponed.
.@BitcoinCash(BCH) deposit service, which was originally scheduled to open at 14:00 (Singapore time) on November 19, 2018 has been postponed. The new opening time will be announced in a separate update. We apologize for any inconvenience caused.huobiglobal.zendesk.com/hc/en-us/artic…$BCH
The BCH deposit service that was scheduled for 14:00 (Singapore time) on November 19, 2018 has been postponed.
The new service start time will be announced on another occasion. We apologize for any inconvenience caused.
The reason why Huobi postponed the resumption of BCH (BCH ABC) deposits is not known at this time.
However, Huobi has officially announced that it recognises the two chains that emerged after the BCH hard fork as the official BCH successor currencies, with Bitcoin ABC designated as the BCH chain to retain the BCH ticker.
ABC Version Of Bitcoin Cash (BCH) To Be Re-Designated BCH:
Huobi Global has confirmed that the ABC version of Bitcoin Cash (BCH) will be retained for the designation of BCH.
For more details, please refer to attached image.
Please refer to the image below for details.
Source:@HuobiGlobalTwitter
A concise summary of the image contents is shown below.
Huobi has confirmed that the BCH ABC team has established a checkpoint to ensure replay protection on the blockchain, and since BCH ABC has the longest blockchain, it will retain the BCH ticker.
The other fork coin will be designated as “BSV”.
Details on BCH hard forks are explained in the following article.
>>>Bitcoin Cash hard fork succeeds! What will happen to BSV?
OKEx’s forced settlement of BCH at a major exchange
On the eve of the BCH hard fork, November 14, OKEx, a major exchange, abruptly announced on its official Twitter that it would suspend its futures trading at 17:05 Japan time on that day and begin settlement at 18:00 on the same day.
SPECIAL ANNOUNCEMENT: All Bitcoin Cash (BCH) futures contracts will stop trading at 9:05am and be delivered at 10:00am Nov 14, 2018 CET (UTC +1) due to the upcoming hard fork. We will provide a detailed explanation shortly.#OKExAnnouncementbit.ly/2Pu1MvM
