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There are no geographical restrictions to the service that Changelly provides, so it can be accessed from anywhere in the world. All this is done through a convenient and clean user-interface and a quick registration via email or social media account. Changelly’s conversion mechanism is integrated into some of the biggest cryptocurrency platforms such as Poloniex, Bittrex, and Binance. Changelly allows one to exchange one cryptocurrency for another and also buy using a bank card.

Other advantages include Arbitrum’s low gas fees, speed, and rapid throughput. As an L2 like Arbitrum allows anyone to ensure correct results, Bybit users will enjoy trustless security rooted on the Ethereum blockchain.

imageBut that doesn't mean the value of investors' holdings will double. Investors who have their bitcoin on exchanges or wallets that support the new currency will soon see their holdings double, Binance with one unit in bitcoin cash added for every bitcoin.

However, a deeper analysis of Binance and its conduct shows that it’s almost the exact opposite of what it portrays in public. He can often be found on Twitter promoting misleading ideas about decentralization, permissionless access to digital currencies, uncensorable transactions, bitcoin etc. As stated above, Zhao likes to paint himself as one of the darlings of the "crypto" movement.

On one side are the so-called core developers. They are in favor of smaller bitcoin blocks, which they say are less vulnerable to hacking. On the other side are the miners, BNB who want to increase the size of blocks to make the network faster and more scalable.

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It took a couple of hours after the official fork for miners to unlock the first bitcoin cash coins. Miners are the folks who solve complex computer problems using software to unleash digital coins into the market.

More so, the Binance team is planning to open the trading process on 25th January 2022 at 4:00 UTC. Binance crypto exchange decided to render its support to BitTorrent (BTT) token renaming plans this year. As the BTT token will be open to trade with a new token name BTTC trading with a new set of trading pairs.

Through her content writing skills, she became a passionate contributor crypto to the crypto space. A Professional HR with a huge interest in blockchain technology and cryptocurrency. Being an active crypto enthusiast she is investing her time and experience into the digital sphere.

And processed an automatic cancellation of all pending orders on BTT/USDT futures contract. On 14th January 2022, 2:00 (UTC) Binance Futures department closed all BTT futures positions. In addition, Binance announced the suspension of BTT Flexible Savings subscription. And as an alternative option, it opens the way to redeem the subscription and deposit into the users spot trading wallets on the same day. Thereby delisting the process of Futures Contracts.

Thus, crypto with all these modifications, Binance will list the newly renamed $BTTC token replacing the accounts, deposits, withdrawals, trading pairs of the old BitTorrent $BTT token. After the migration process, the old BTT tokens will be renamed as BTTOLD, and the new tokens’ ticker will be BTTC.

But just because some big players won't get behind it doesn't necessarily mean bitcoin cash will be a dud or that it couldn't eventually usurp the original bitcoin. Miners may rally behind bitcoin cash if it turns out to be the better digital currency.

Therefore, by initiating this new plan, Binance suspended all BTT margin positions and canceled all pending BTT margin orders. Following, it also delists the old BTT token pairs namely, BTT/BUSD and BTT/USDT cross-margin trading pairs, as well as BTT/BUSD and BTT/USDT isolate margin trading pairs.

Morris told Business Insider that bitcoin cash was trading in the futures market for about $200 to $400 last week, suggesting that's the range it would fall in during regular trading. Bitcoin was already trading down by 5.78% at $2,715 on Tuesday following word that bitcoin cash had gone live. Because bitcoin cash will initially draw its value from bitcoin's market cap, it will most likely cause bitcoin's value to drop by an amount proportional to its adoption.

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