QUOTE OF THE DAY
“When everything seems to be going against you, remember that the airplane takes off against the wind, not with it.”
Bitmex Will Dump All Their Bitcoin Cash For Bitcoins
According to a new post on Bitmex by Arthur Hayes (the CEO of Bitmex), Bitmex is going to sell all the bitcoin cash the wallets received, and credit their users with the corresponding value in bitcoins.
The update reads:
On or before 31 December 2017:
- The amount of Bitcoin Cash a user is entitled to is determined by their Margin Balance at 1 August 2017 13:17 UTC, a few seconds after block 478,588.
- Users will not receive Bitcoin Cash, rather BitMEX will sell all users’ Bitcoin Cash, and credit their wallet with the Bitcoin proceeds.
Oh, and bitcoin cash futures are now live on Bitmex.
Consumer Warning About The Risks Of Investing In Cryptocurrency CFDs
The Financial Conduct Authority (FCA) of UK released a warning about contracts for differences (CFDs), including financial spread bets, with cryptocurrencies as the underlying investment.
What they wrote is true, these products are extremely high-risk, speculative products.
You can read their post here.
THINGS I LIKE
Segwit2x Post Mortem
Jimmy Song writes about the divorce of crypto-Austrians and crypto-Keynesians.
You can read his article here.
My Current Sentiment: Neutral.