Bitcoin Cash [BCH] deposits and withdrawal will be suspended from Huobi
The upcoming Bitcoin Cash [BCH] has already given a hard time for users. Now the world’s third largest cryptocurreny exchange, Huobi Global, has announced that they will be stopping Bitcoin Cash Withdrawal and Deposits.
The Bitcoin Cash suspension was supposed to be go live on November 15th, but not taking any risks Huobi decides to suspend Bitcoin Cash withdrawal and deposit from November 13th. The exact date of reactivation of the service isn’t given.
According to the annoucment,
“Huobi Global supports the BCH hard fork. To ensure your asset security, the BCH deposit and withdrawal suspension work which is origianlly scheduled at 23:00:00 on Nov. 15 (GMT+8), will be done in advance at 23:00:00 on Novmber 13 (GMT+8). Please deposit in time, Huobi Global will help you with the technology issues regarding the hard fork.”
Bitcoin Cash (BCH) Hardfork
The Bitcoin Cash [BCH] blockchain will be going through a hardfork on November 15th. The result of the hardfork will be 2 different BCH blockchains. The reason for the split is due to NChain, a group led by Craig Wright, who want wants to execute their own upgrade while the existing the BCH has different ideas.
This resulted in the chain being split. This is a similar situation to Bitcoin blockchain being split into Bitcoin (BTC) and Bitcoin Cash (BCH).
Coinbase, Binance and Huobi all have announced the support for the new blockchain.
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Did you like the news you just read? Please leave a feedback to help us serve you better