1. Coinbase Introduces Four New GBP Crypto Trading Pairs
  2. U.S. Federal Court Started Using Cryptocurrency For Bail Of Hacker Charged Of Breaking Computer Network
  3. Recent slump not a setback: says the Ethereum founder.
  4. Australia Based Legaler Raises $1.5 Million To Create Blockchain For The Future Of Legal Services
  5. Utility of several top cryptocurrency questionable, says a study.
  6. Sinking Bitcoin Helps Crypto Miners Profit
  7. LuneX a Crypto Based VC Fund Driven by Golden Gate Ventures in South East Asia
  8. What makes the crypto markets “weak”?
  9. The Blockchain Technology Used By West Virginia To Accommodate The Numerous Votes For The Upcoming Midterm Elections
  10. The USA’s Largest Financial Services Market Is To Incorporate The Blockchain Technology To Streamline a Variety Of Sectors
  11. A Lawsuit In China Against Cryptocurrency Exchange “Okcoin” For Declining Certain Bitcoin Cash Related Transaction
  12. Highly prestigious operator in the stock exchange sector to launch a market based on Bitcoin.
  13. Evolution of Blockchain as a Global Phenomenon – The industry has come a long way
  14. XRP Led Cryptocurrency Exchange By AlphaPoint
  15. South Carolina state authorities desist previously enforced regulations on blockchain implementation
  16. HTC and crypto currency: virtual currency in the smart phone market.
  17. Crypto currency: the strife of RBI continues.
  18. United Kingdom set to become the world leader in cryptocurrency industry
  19. Resuscitation of the crypto currency markets.
  20. Cobinhood crypto exchange announces exciting feature promoting crypto-to-fiat transaction
  21. WEX exchange and its spectacular technical goof ups.
  22. Digital currency can take over traditional currency by overcoming Finance sector obstacles
  23. Virtual Currency enters academics
  24. The newest Ripple (Pun intended).
  25. BIS chief makes the headlines by stating the negative impacts of cryptocurrency on economy
  26. India lagging in virtual currency as RBI wins the legal battle.
  27. Ibinex: So far so good.
Thursday, September 20, 2018
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  1. Coinbase Introduces Four New GBP Crypto Trading Pairs
  2. U.S. Federal Court Started Using Cryptocurrency For Bail Of Hacker Charged Of Breaking Computer Network
  3. Recent slump not a setback: says the Ethereum founder.
  4. Australia Based Legaler Raises $1.5 Million To Create Blockchain For The Future Of Legal Services
  5. Utility of several top cryptocurrency questionable, says a study.
  6. Sinking Bitcoin Helps Crypto Miners Profit
  7. LuneX a Crypto Based VC Fund Driven by Golden Gate Ventures in South East Asia
  8. What makes the crypto markets “weak”?
  9. The Blockchain Technology Used By West Virginia To Accommodate The Numerous Votes For The Upcoming Midterm Elections
  10. The USA’s Largest Financial Services Market Is To Incorporate The Blockchain Technology To Streamline a Variety Of Sectors
  11. A Lawsuit In China Against Cryptocurrency Exchange “Okcoin” For Declining Certain Bitcoin Cash Related Transaction
  12. Highly prestigious operator in the stock exchange sector to launch a market based on Bitcoin.
  13. Evolution of Blockchain as a Global Phenomenon – The industry has come a long way
  14. XRP Led Cryptocurrency Exchange By AlphaPoint
  15. South Carolina state authorities desist previously enforced regulations on blockchain implementation
  16. HTC and crypto currency: virtual currency in the smart phone market.
  17. Crypto currency: the strife of RBI continues.
  18. United Kingdom set to become the world leader in cryptocurrency industry
  19. Resuscitation of the crypto currency markets.
  20. Cobinhood crypto exchange announces exciting feature promoting crypto-to-fiat transaction
  21. WEX exchange and its spectacular technical goof ups.
  22. Digital currency can take over traditional currency by overcoming Finance sector obstacles
  23. Virtual Currency enters academics
  24. The newest Ripple (Pun intended).
  25. BIS chief makes the headlines by stating the negative impacts of cryptocurrency on economy
  26. India lagging in virtual currency as RBI wins the legal battle.
  27. Ibinex: So far so good.
A Lawsuit In China Against Cryptocurrency Exchange “Okcoin” For Declining Certain Bitcoin Cash Related Transaction

As per the most valid news from China, an investor that handled and used bitcoin-related transactions has filed a lawsuit against Okcoin – a cryptocurrency exchange in China with the case matter pertaining to 38.748 BCH. An investor accuses Okcoin of declining the Bitcoin Cash related transaction where exchange did not allow the plaintiff to claim its Bitcoin coins that accrued from the last year’s fork. According to Okcoin exchange, the coins that were claimed were within the range of undisclosed deadline.

On the case summary front, the plaintiff naming Feng Bin affirms that in December 2017, the bitcoin transaction was executed where he wanted to withdraw the 38.748 BCH held with the exchange especially at the time of fork, however, there was no button to pull out BCH as promised by the exchange. Feng Bin argues that there was not a deadline was given to him by the Okcoin that they give for a variety of transactions. Regarding the case issue, he further claims after having contacted to the company that the claim button was basically a program that lets the transaction execute by putting BCH to user’s account.

As per what the Exchange says “The clam button was a program that automatically executed BCH input to user’s account. You can not claim BCH anymore as the program has been removed from our platform. If you did not withdraw it at that time, it will be impossible to make later withdrawal”.

Now that the plaintiff – Feng Bin clarifies that there was no such announcement regarding the deadline for receipt and the removal of the program happened as he was paying attention to the announcement made by the Okcoin exchange. He wants to get compensated from the exchange as an indemnity for the loss that he incurred amounting to 169,969.22 Yuan that stands around $25000 collectively.

The Okcoin exchange has raised the query about the authenticity of Mr. Feng’s claim to the holdings supposedly stating the lack of trading activity conducted by the account in the year 2017 which was not a normal period given the market condition sprawling then.

No matter which technology is in place, the transparency and accountability are the two major values that are paramount in each transaction!!

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Name Price24H (%)
Bitcoin (BTC)
$6,409.70
0.77%
Ethereum (ETH)
$208.48
-1.57%
Bitcoin Cash (BCH)
$426.05
-2.35%
XRP (XRP)
$0.324352
-1.86%
Litecoin (LTC)
$53.90
-0.5%
Bitcoin Gold (BTG)
$20.92
0.52%
Bytecoin (BCN)
$0.001843
-1.58%
Bitcoin Diamond (BCD)
$1.75
-2.49%
Cardano (ADA)
$0.072039
3.79%
Wanchain (WAN)
$0.92
2.38%
Bitcoin Private (BTCP)
$2.96
-0.63%