Ethereum Classic (ETCUSD)

[GOLDBUFFALO]

That was over a week ago, what is your point? Shorts are screwed

[daleb2130]

Old news

[BottomBounce]

After China causes bitcoin to crater, threat of new U.S. regulations loom over crypto market, experts say
https://www.marketwatch.com/story/after-china-causes-bitcoin-to-crater-threat-of-new-u-s-regulations-loom-over-crypto-market-experts-say-11624312425 $ETC $XRP

[GOLDBUFFALO]

Powerhouse slap in the wee hours of the am. Big hands are coming in.

[GOLDBUFFALO]

>>>Why $ETC is getting ready for a big boom<<<

MAGNETO!

https://medium.com/@stevan.blog/ethereum-classic-magneto-upgrade-announcement-aa48d9606b71

[quote
Ethereum Classic
@eth_classic
·
3m
Dear #EthereumClassic node operators, this is a friendly reminder that you are awesome and the Magneto hard fork is scheduled to occur in ~4 weeks. Please update your node software before block 13_189_133.
#Cryptocurrency #ETC #Crypto[/quote]

[KICK1]

$ETC $ETCG #Premium #EthereumClassic - #Mantis: #IOHK Development Update - June 2021 #CodeIsLaw Coleslaw!

[BottomBounce]

Donald Trump "Bitcoin, it just seems like a scam. I don't like it because it's another currency competing against the dollar. I want the dollar to be the currency of the world, that's what I've always wanted," Trump said.

[daleb2130]

Sure looks like she wants to. Up 42% for the day

[xZx]

ETC's trying to decide if it wants to make a run at $100++

https://trade.kraken.com/charts/KRAKEN:ETC-USD?period=4h

[Zilidium]

Welcome to the porch.

[Porterhouse10]

Looks like it, crazy

[Lynns25]

So is just everyone selling for a loss ? Wtf is going on? Wow

[goarmy123]

Looking like it.

[Porterhouse10]

Back to under $10?

[KICK1]

$ETCG Nice #Volume Spikes & Great #RSI 30/70 play at the close there, Congrats Flippers! Add More $ETC Premium #CodeIsLaw Coleslaw! @SaturnProtocol Bulls! #ALTseason 2021!

[GOLDBUFFALO]

FYI - something is up with ETC/ERC20 blockchain, no one can send right now (2 exchanges that I know of). I am going to step out and come back in when things clear up. I have not a clue what is wrong, hope the chain did not fork (Highly doubt it but something is wrong)

MAKE YOUR OWN DECISIONS!!!!!

But I look at it like this, I am still up, can't lose and can always jump back in, plenty of time ....

As much FUD that is going around, this could zing ETC down to $10 so quick it would make your head spin.

[daleb2130]

I might buy more

[tw0122]

Sounds like mainstream media fake news. There is no ban from individuals trading cryptocurrency in China. In 2018 Chinese court ruled Bitcoin is legal property.


An arbitration body in China has ruled that despite the country’s central bank’s ban on cryptocurrency trading, bitcoin should still be legally protected as a property with economic values.

The Shenzhen Court of International Arbitration published a case analysis on Thursday via WeChat, detailing its ruling on a recent economic dispute that involved a business contract relating to possession and transfer of crypto assets.

According to the case analysis, the unnamed plaintiff signed a contract agreement with the defendant, which allowed the latter to trade and manage a pool of cryptocurrencies on the plaintiff’s behalf.


However, the plaintiff said the defendant failed and refused to return the cryptocurrencies after an agreed deadline. As a result, they brought the case to the arbitrator, seeking the return of the assets with interest.

The cryptocurrencies at dispute included around 20 bitcoin, 50 bitcoin cash, and 13 bitcoin diamond, worth around $493,158 combined, the plaintiff said.

While there’s no specific law in China governing cryptocurrencies, the arbitrator’s analysis offers a window into its thinking on the nature of the financial technology.

The arbitrator said one main argument made by the defendant was that the ban from the People’s Bank of China (PBoC) on cryptocurrency trading and initial coin offerings essentially means crypto payments and transactions should be illegal in China. As such, the entire contract, by default, would become invalid.

Further, with the trading ban, the defendant said there was no venue to trade and send the assets to the plaintiff.

However, the arbitrator disagreed, explaining the nature of the case is about the contractual obligation for returning cryptocurrencies, which does not fall under the cryptocurrency trading or initial coin offering categories outlined in the PBoC’s September 2017 ban.

The arbitrator stated that there is no law in China currently that prohibits the possession of bitcoin and its transactions between individuals. Further, it said there should be no technical difficulties in sending bitcoin as long as one has a bitcoin address and private key.

“The Arbitration Court noticed that, after September 2017, major bitcoin exchanges operating in China at the time suspended their businesses. But technically, that fact does not prevent the defendant from sending the bitcoin and bitcoin cash at dispute to the plaintiff upon the agreed deadline,” the arbitrator said.

The court concluded that, whether bitcoin is a legal tender or not, does not have an impact on the fact that bitcoin ownership should be protected legally based on China’s contract law, adding:

“Bitcoin has the nature of a property, which can be owned and controlled by parties, and is able to provide economic values and benefits.”

The court is one of the Arbitration Committees established in China after the country enacted a law in 1995 enabling city governments to form such entities to rule on economic disputes relating to contract issues in areas such as business, finance and real estate.



Same thing with Ethereum :


Chinese Court Legally Classifies Ethereum As A “Property” In ETH Theft Case
Lujan OderaLujan Odera
April 22, 2020

Chinese court rules Ethereum (ETH) is legal “property” in a case of theft published on April 22, 2020, on Chinese media outlet, 8BTC. According to the report, the Shenzhen-based court ruled that Ethereum’s ‘economic value’ as a medium of exchange and mining effectively makes the second largest cryptocurrency legally a property in the largest population in the world.

Chinese Court Rules: “ETH is a property”

In a ruling made by Shenzhen based court earlier this week, ETH was classified as property which legally gives the Chinese citizens power to own and distribute the crypto across the country. The case involves Li (defendant), who jointly built a project named ‘Haode Star’ with Xinyijia Company and Haode Trade Co., Ltd. (plaintiffs) launched last year April.

[QDOG73]

Time to buy more????

[xZx]

i had some cash and got 73s on the dip. if bitcoiners really believe, then that 38.566K was the bottom for BTC and the rest of crypto imo.

[daleb2130]

Right. Im not worried . Should have waited 3 hours to buy though. Lol

[xZx]

there was some bullish news today, india has decided to regulate crypto instead of banning it. that's huge.

and i noticed earlier, billy markus was skeptical about china banning anything. he's probably right.

odds are this is just about bitcoin being really top-heavy after a giant run, and needing to correct.

32K would make sense to me.

if bitcoin has to succeed for altcoins to move up, then the entire concept of "decentralized" crypto is nonsense. lol

[daleb2130]

Right. Could it be the China ban?

[xZx]

what a shitshow.

[daleb2130]

So far. Lol

[xZx]

so far, while bitcoin's dropping under $42K ETC is holding fairly well.

[daleb2130]

Would love to see that

[xZx]

wouldn't be shocked to see ETC $350 on the next leg up.

[GOLDBUFFALO]

ETC holding surprisingly well, we are going to have a massive run

[daleb2130]

Just bought more

[KICK1]

$ETC $ETCG #Premium #ETC Call 16 - Preliminary proto - #treasury meeting #CodeIsLaw #EthereumClassic @SaturnProtocol

[ED25]

ETC $$$$

[KICK1]

$ETCG LO Sell 500 @200 #MoMo Fill It! #Level2 I will add more $ETC Premium #CodeIsLaw! Coleslaw!

[powercrush86]

ETC back to Jupiter

[StocksNcash]

Sounds right to me healthy pullback

[xZx]

feels like a healthy pullback to me, so i am slowly putting cash back in to my favorites, on these dips.

[powercrush86]

ouch all cryptos fell apart

[teifhals]

To the moon. Ha. Or $3k... whatever...

[KICK1]

$ETCG Big Volume Spike RSI Screaming Buy Yesterday at Close but Congrats If You Flipped Today! Add More $ETC #Premium Bulls Code Is Law!

[KICK1]

$ETC $ETCG #Premium #EthereumClassic #Demand Coming From Traders Covering Borrowed Positions: FundStrat https://www.coindesk.com/ethereum-classic-fundstrat-demand via @CoinDesk @Grayscale #CodeIsLaw! #IOHK #IOG

[GOLDBUFFALO]

ETC gearing up for a bullrun!

Hey man, drop by the FTC board now and then, help me grow the board https://investorshub.advfn.com/FeatherCoin-FTCUSD-32335/

[GOLDBUFFALO]

ETC doing some very nice consolidation. Coins are being stacked! Hey, if you guys would, stop by and help spread the word about FTC! The more the merrier! https://investorshub.advfn.com/FeatherCoin-FTCUSD-32335/

[xZx]

ETC shaping up for a strong week!

[GOLDBUFFALO]

up up and away! $ETC

[GOLDBUFFALO]

Patience, this is slow go. Load while we have the chance. Bushstar will not let this one die. FTC is one of the most secure and detailed coins out there. I am looking for FTC to be used for a lightweight payment system inside of games/AI sims (or something like that). Bushstar has implemented that one time for a coin.

[xZx]

sounds good to me, i got a pretty decent reload on the dip. ETC can be flipped like pancakes.

[swager22]

$250 next leg

[xZx]

after ETC's huge move, this sideways action is fuel for the next leg. happy i got some at 111 on coinbase pro yesterday.

[Duke2484]

FTC up 36.26% today...

Interesting!

[GOLDBUFFALO]

that is the way to do it! forget about it! Go follow Peter Bushnell on Twitter. You will see why I keep stacking my chips there

Thinking about putting some miners on FTC again