January 23, 2026

Capitalizations Index – B ∞/21M

Word on the Street: Market slides 10% as Bitcoin Cash hardfork bites

BNC insights feed
Word on the Street: Market slides 10% as bitcoin Cash hardfork bites
Theories abound as to why the markets dumped on Wednesday, ranging from the movement of old coins, to fears surrounding the BCH hardfork, to the refunding of Mt Gox coins to customers.

Qntra
Forkcoin That Split From bitcoin Now Struck By Contentious Hardfork

The failed Forkcoin referred to as "bitcoin cash" has been hit by its own contentious hardfork. A Roger VER-ified1 client called ABC decided to implement new rules from an "official roadmap" while a client backed by notorious fraudster Craig 'Hoaxtoshi' Wright decided not to. As of this writing one chain has more blocks committed than the other, but the clear losers appear to be all parties involved in this dispute including those furthest on the periphery who let themselves become affected by it through failing to appropriately discount the deficits in credibility attached to the folks positioned as "leaders" in this incredibly sour and bitter wank competition.

In a legally and morally dubious move Roger Ver's mining pool redirected hash power subscribers intended to aim a mining actual bitcoin to instead prop up his favored side of the Forkcoin.  

Circle | The new shape of money
Poloniex introduces 6 markets for usd coin

Poloniex introduces 6 markets for USD Coin
Poloniex introduces 6 markets for usd coin

As part of our commitment to innovate and offer customers new ways to trade crypto, today we are introducing the following USD Coin (USDC) markets: XRP/USDC, XMR/USDC, XLM/USDC, DOGE/USDC, LTC/USDC, and ZEC/USDC.

Trading for these pairs is now live.

USDC is an asset-backed stablecoin introduced in September. It has support from more than 60 exchanges, wallets, protocols, platforms, and applications around the globe and continues to see broader adoption. Already, the circulating supply of USDC has surpassed 140 million.

Poloniex introduces 6 markets for usd coin

Our introduction of new markets for USDC follows other steps we’ve taken in recent weeks to provide customers with more options:

Last week, we became the first exchange to offer customers the option to trade the two tokens at the center of the debate about the bitcoin Cash (BCH) hard fork: bitcoin Cash ABC (BCHABC) and bitcoin Cash SV (BCHSV). Learn more here.

In October, we introduced the native tokens behind decentralized liquidity network Bancor, the Bancor Network Token (BNT), and virtual reality platform Decentraland, (MANA). Learn more here and here.

Also in October, we announced a new mobile app for Poloniex to allow existing customers, on iOS or Android, to trade with a few taps of their thumb and get the benefit of Poloniex anywhere, anytime and with a high-fidelity native app trading experience. Learn more here.

We’re dedicated to continuously improving Poloniex and welcome your input. Please follow the Circle Blog on Medium to learn about our new asset additions, and get in touch with us at @Poloniex on Twitter if there is an asset that you would like to recommend for listing. Thank you for your support.

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