Huobi Australia Offers Ten Cryptocurrency/AUD Trading Pairs


Huobi Australia who struck a strategic partnership with Blockchain Global has announced trading of ten cryptocurrency/AUD pairs. These include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), and Litecoin (LTC). Well, this is not it, they also plan to add more cryptocurrencies in the future. Huobi recently launched its investment fund targeted at supporting blockchain-based startups is another step to give fierce competition to rivals and seize more significant market share.

Read more at bitcoinist

Sudden congestion of Ethereum network causes spike in gas prices

The congestion in the Ethereum network (20x spike in gas price) is caused primarily by a marketing campaign of Fcoin – a new digital assets exchange out of China. Fcoin is asking users to vote for tokens to be listed on theirs exchange. The top 20 tokens will get listed for free on Fcoin exchange. The condition for a vote to be counted is to transfer at least 1 unit of that token into the exchange, but, from a new, unique Ether address. Since top exchanges usually charge a lot for a token to be enlisted, ICO investors of tokens do not mind paying a high premium in gas price(comparatively still very low) for getting their token to the Top 20 free tokens list of Fcoin, hence causing a spike in gas prices.

Read more at StocksGazette

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