Daily crypto: Markets are recovering and Coinbase announce support for ethereum classic

Daily crypto: Markets are recovering and Coinbase announce support for ethereum classic.

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Christian Ploog

christian.ploog@trijo.co

The crypto exchange Binance will soon allow its users to convert cryptocurrencies into regular fiat money, and what is happening to eos? Here are the most important news from the latest 21 hours in the crypto world.

The American crypto exchange Coinbase has announced that they will list the cryptocurrency ethereum classic on their exchange. On their blog, Coinbase writes that they will now start the engineering work for supporting ethereum classic on their trading platform and that they will be announcing an official launch date “over the next few months”.

Ethereum classic is the result of a hard fork that took place on the Ethereum network in July 2016.

One of the world’s largest crypto exchanges Binance, which is about to move to Malta, will soon allow its users to convert cryptocurrencies into regular fiat money such as the euro. This according to company CEO Zhao Changpeng.

The plan is that Binance, which has increased the company’s number of users since January from two million to nine million, should be able to offer trades with euros later this year, Bloomberg News writes.

What is happening to eos?

Technically, eos launched this weekend, but yet the platform is not live. The reason is that everybody is waiting for 15 percent of all eos token holders to “stake” their tokens so that the owners can vote on 21 block producer candidates (the equivalent of miners). Only then can the platform go live. However, this has not happened yet, Coindesk writes.

Ethereum classic rallies

The markets have recovered somewhat. Among the largest cryptocurrencies, ripple (+1,66%), bitcoin (+1,26%) and eos (+0,76%) show green numbers.

The one who performed the best was ethereum classic (+22,01%) following the news of the Coinbase support. The one who performed the worst was zcoin (-5,50%), according to Coinmarketcap.

Prices the last 24 hours

Asset: Price: % (24h)
Bitcoin $6 865,32 +1,26%
Ethereum $531,73 -0,24%
Ripple $0,593433 +1,66%
Bitcoin cash $945,32 +0,55%
Eos $11,26 +0,76%

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