In Saturday’s edition of The Daily, we examine Q3’s figures for initial coin offerings, and ponder where they go from here in the wake of fresh SEC scrutiny. We also take a look at how exchanges are reacting to the Bitcoin Cash fork. Some platforms have already enabled deposits and withdrawals, while others are waiting till the dust has settled.
Also read: SEC Settles Charges With Two ICO Issuers
Exchanges Respond to the Bitcoin Cash Fork
In the build-up to the Bitcoin Cash (BCH) hard fork on Nov. 15, cryptocurrency exchanges outlined their plans for dealing with the event. Bitfinex and Poloniex permitted trading of the ABC and SV coins in advance of the split. Others, such as Bittrex, permitted BCH trading throughout the event, but most paused trading for a few hours, before reopening with two BCH markets active, to represent each side of the divide. All cryptocurrency exchanges, however, paused BCH deposits and withdrawals while the fork took place.
Bittrex is one of the first major exchanges to have resumed BCH deposits and withdrawals, having assigned the BCH ticker to the ABC implementation. “Confirmations have been temporarily increased to 20 for deposits,” tweeted the exchange. “Bitcoin SV (BSV) balances are in accounts.” Most exchanges have been more circumspect, however. Binance has yet to re-enable bitcoin cash deposits and withdrawals, and is adamant that the BCHABC and BCHSV tickers are staying for good. So far, 50% of all exchanges have deemed the ABC implementation to be BCH, including Cobinhood, Bibox, and Bitmax.
ICOs Raised $1.8 Billion in Q3
ICOrating.com has published its quarterly report into the health of the token
