The reason of "pump and dump" - BCC and Ripple
- BitMEX to Dump Airdropped BCH
The exchange — which offers BTC/USD swaps but is best known for its futures market — made the announcement on Wednesday, explaining that because bitcoin cash was created through a “contentious hard fork” it will not allow users who received BCH at the time of the August 1 fork to withdraw the coins to their personal wallets:
“BitMEX does not agree with contentious hard forks, and does not accept the manner in which Bitcoin Cash was forked, or the lack of preparation or notice before the fork; we consider this a dangerous action that imposes unacceptable costs on end-users and businesses.”
The price of BCC dumped to 800$, but soonly come back to 1000$ some hours later.
- American Express Is Getting Into Blockchain-Based Payments With Ripple
American Express has introduced instant blockchain-based payments using Ripple, a fintech startup, for U.S. corporate customers sending funds to U.K.-based businesses that bank with Santander U.K., the companies said on Thursday.
American Express said its FX International Payments (FXIP) business had partnered with Ripple to provide real-time, trackable non-card payments from the United States to Britain. Customers are already using the service, the companies said, and it would be extended in the future.
This information help Ripple price up to 0.27BTC, but it dropped back to 0.22BTC later cause of BTC's pump.