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Bitcoin Cash is now available to buy, sell, and trade on Coinbase

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Coinbase has announced that Bitcoin Cash, the resulting forked blockchain of a Bitcoin governance dispute that come into existence earlier this year, is now available to buy, sell, send, and receive on its user-friendly primary exchange.

Per the company’s Medium post on the matter:

We’re excited to announce that customers will be able to buy, sell, send and receive Bitcoin Cash on Coinbase. You can read more about Bitcoin Cash on our FAQ page.

Sends and receives are available immediately. Buys and sells will be available to all customers once there is sufficient liquidity on GDAX. We anticipate that this will take a few hours. See our update below.

For those unfamiliar, this news mean that anyone who was holding any amount of Bitcoin in their Coinbase wallet on August 1st, 2017, the day of the fork, will now have a balance of that same amount of Bitcoin Cash.

Coinbase previously announced that it would allow its customers to access Bitcoin Cash balances from the August 1st fork, but the launch of Bitcoin Cash yesterday as an entirely tradable asset on Coinbase came as a surprise to many.

For a brief time while buys and sells were frozen after its launch, the value of one Bitcoin Cash reached higher than $8,000, although it’s unclear if any trades actually happened at that price. The price has since stabilized at around $3,400 as of the time of this writing, while Bitcoin has taken a hit — down 8% on the day.

Mark Cuban says the Mavericks will accept Bitcoin ‘next season’

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Mark Cuban, famed billionaire investor and owner of the Dallas Mavericks, took to Twitter yesterday to confirm that fans would be able to buy Mavs tickets with Bitcoin starting “next season.” The next NBA season commences this fall, so we could see the ability to buy Mavs tickets with BTC before the end of the calendar year.

https://twitter.com/mcuban/status/953104057727619074

Bloomberg then emailed Cuban looking for confirmation and further details, to which Cuban responded by saying that the Mavs will be accepting Ethereum tokens as well.

“We will be taking Ether as well,” Cuban told Bloomberg Business. “As far as tokens, we will be taking tokens originated by companies we have business relationships.”

He also said in his statement that altcoins that originate from companies that have preexisting relationships with the Mavericks will also be accepted — although which companies those are aren’t clear. Perhaps this is a sign that some Mavs partners have ICOs (initial coin offerings) planned.

“Some people want to buy products in crypto to prove a point. We are happy to make it easy for them,” Cuban wrote in the Bloomberg email. “And for Existing Mavs fans who prefer to spend cryptocurrency we are happy to make it easy for them.”

Mark Cuban deletes tweet saying Mavericks will accept Bitcoin ‘next season’

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Last January, we told you about a tweet from renowned American businessman and billionaire Mark Cuban. In the tweet, Cuban said that his NBA team, the Dallas Mavericks, would begin accepting Bitcoin and other cryptocurrencies “Next season.”

The tweet has since been deleted.

Read moreMark Cuban deletes tweet saying Mavericks will accept Bitcoin ‘next season’

BitConnect dies

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Not surprisingly, BitConnect has decided to shut down its lending “services” after months of running what was effectively a Ponzi scheme. The company attributed its shutdown not to the fact that it was plainly unsustainable, but rather to bad press, cease and desist letters that originated from two US states, and DDoS attacks.

We are closing the lending operation immediately with the release of all outstanding loans. With release of your entire active loan in the lending wallet we are transferring all your lending wallet balance to your BitConnect wallet balance at 363.62 USD. This rate has been calculated based on last 15 days averages of the closing price registered on coinmarketcap.com.

You can probably imagine the affect this news has had on the BitConnect token, which is now effectively worthless. The coin has tanked from a peak of over $400 around the end of December 2017. Now, the token is trading at $10-$20 and has very little liquidity, according to data from CoinMarketCap.

Hilariously, BitConnect says that its BitConnect X ICO is still going to happen. The group says that it’s “functional” and that they are “building an exchange platform” where the BitConnect Coin (BCC) will be listed. They close by saying that this is “not the end of this community.” Comedic.

On that note, let’s watch as the most obvious Ponzi scheme ever make itself plainly obvious for all the world to see — and yet some still bought in with their life savings.

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