Join Our Mailing List
Thursday January 26, 2023
Bitcoin (BTC) $23,140.20   Ethereum (ETH) $1,609.72
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Featured

First Global Credit releases policy in the event of a Bitcoin hard fork

Published by CryptoNinjas.net
03/26/2017

Swiss registered First Global Credit (FGC), the platform for bitcoin-denominated financial trading released a statement today in the event that there is a hard fork of the Bitcoin network that creates 2 viable blockchains, BTC and BTC.

FCG will adopt the practice standard in other markets such as stocks where an asset is split into two.
It is anticipated that the combined value of the 2 coins will approximate the bitcoin value before the fork takes place.

Details:

  1. All clients who are long BTC at the time of the fork will have a long position in BTC and BTU.
  2. All clients who have taken leveraged positions in BTC will receive a leveraged position in both coins (BTC and BTU). Customers will have the capability to manage each position independently.
  3. All clients who have a short position in BTC at the time of the hard fork will have a short position in both BTC and BTU.
  4. Positions in BTU can be used as collateral with the same value multiple (5x) as BTC. This will ensure at the time of the split customers available collateral will not be impacted by the split.
  5. FGC will provide the ability to trade between BTC and BTU and also BTU and USD to enable customers to decide for themselves how to hold their assets if and when the hard fork occurs.
  6. There may be a short delay in processing withdrawal requests while the blockchain is being forked. This is to ensure that funds are available across both blockchains and to ensure transactions only process on the correct blockchain.
11
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Samourai classifying Bitcoin SegWit2x hard fork as attack on the network

10/17/2017
Samourai classifying Bitcoin SegWit2x hard fork as attack on the network

Samourai Wallet, known for its secure, private and anonymous bitcoin wallet application announced today that during the SegWit2x hard fork next month it will be following the longest blockchain that is valid according to...

Read more

BTC.com introduces replay protection for Bitcoin wallet users

09/12/2017
BTC.com introduces replay protection for Bitcoin wallet users

BTC.com, the Bitmain owned bitcoin wallet application announced today that with talks of the upcoming November Bitcoin fork, many users continue wondering what will happen to their funds. Since this fork is very different...

Read more

Chinese exchange Huobi conditionally supports Bitcoin Cash

07/26/2017

Chinese digital currency exchange Huobi, one of the largest in the country has informed today that after receiving many users’ questions and concerns about Bitcoin Cash (BCC) and potential chain split on August 1st,...

Read more

First Global Credit to launch blockchain investment fund

05/15/2017

Swiss-based crypto trading platform First Global Credit (FGC) announced they are developing a passive investment fund which will seek to invest in promising startups in the public blockchain space. The company with CEO Gavin...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
6 Best Cloud Mining Platform In 2022

6 Best Cloud Mining Platform In 2022

11/20/2022
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

01/05/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy