Bitcoin Cash News (BCH) - Page 15

The Birth of BCH: The First Crazy Days of Bitcoin Cash | Bitcoin Magazine Group 3 social-facebook social-twitter
Ready to start building Dapps? Dive deep into blockchain development. Subscribe Now August 1 saw the birth of a brand-new cryptocurrency: ?Bitcoin Cash,? sometimes referred to as ?Bcash? and using the currency tickers ?BCH? or ?BCC.? Bitcoin Cash shares a history with Bitcoin, but yesterday it forked off to form its own blockchain and currency. Bitcoin Cash, initially defined by the Bitcoin ABC software implementation, was set to fork on August 1 at 12:20 p.m. UTC. Though, because of how Bitcoin nodes measure time, the actual fork happened a little bit later. Starting right when Bitcoin block 478,558 was found around 12:35 p.m. UTC, Bitcoin miners and Bitcoin Cash miners started looking for a different kind of block, each following their own protocol. Unsurprisingly, Bitcoin has much more hash power attributed to its chain, a Bitcoin miner was the first to find one such block, marking the first block that was rejected by all Bitcoin Cash nodes. This effectively realized the ?split,? even though no new Bitcoin Cash block had yet been found.
December 27, 2018 7:23 PM

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These Bitcoin Exchanges and Wallets Are Supporting Bitcoin Cash | Bitcoin Magazine Group 3 social-facebook social-twitter
Ready to start building Dapps? Dive deep into blockchain development. Subscribe Now ?Bitcoin Cash? (BCH), a proposal initially proposed by bitcoin mining equipment manufacturer Bitmain, activated on August 1, 2017. Hours after the activation of Bitcoin Cash, ViaBTC mined the first Bitcoin Cash block. Also on August 1, Bitcoin Magazine?s Aaron Van Wirdum released an extensive guide for bitcoin holders on claiming and selling Bitcoin Cash that has been credited to them. Essentially, the process involves private keys of bitcoin wallets that are held by users on non-custodial platforms. For users that have full control over their private keys, there is a manual process to undergo when attempting to retrieve Bitcoin Cash (BCH).
December 27, 2018 7:17 PM

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Miners Are Leaving Money on the Table to Mine Bitcoin Cash: This Could
Ready to start building Dapps? Dive deep into blockchain development. Subscribe Now The Bitcoin Cash (Bcash or BCH) mining saga continues. Last week, Bitcoin Magazine reported how ? assuming all miners would act in their short-term self-interest ? Bcash could potentially have its blockchain freeze in its tracks. Then, last weekend, the Bcash mining saga further developed, as some miners periodically triggered an emergency difficulty adjustment, leading to extreme swings in hash power, unreliable block times and increased inflation. Now, the situation has taken yet another turn. Bitcoin Cash is currently less profitable to mine than Bitcoin (BTC). And according (translation) to at least one mining pool operator, BTC.TOP?s Jiang Zhuo?er, this is intentional. Some miners, including Zhou?er, seem to be coordinating to keep the Bitcoin Cash difficulty where it is now, relative to Bitcoin and relative to the price of the two coins. In other words, Bcash miners are keeping Bcash a little less profitable to mine than Bitcoin, on purpose.
December 27, 2018 7:03 PM

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A Beginner's Guide to Claiming Your Bitcoin Cash (and Selling It) | Bitcoin Magazine Group 3 social-facebook social-twitter
Ready to start building Dapps? Dive deep into blockchain development. Subscribe Now Please note: Everything in this article is just advice, based on our best understanding of the current situation. Everything is still very uncertain and subject to change: Be extremely careful! Bitcoin Cash (sometimes referred to as Bcash, and mostly using the tickers BCH or BCC) launched today. Anyone who held bitcoin at 12:20 p.m. UTC should have an equivalent amount of BCH attributed to their Bitcoin private keys. In our beginner?s guide to surviving the BIP 148 split, which was subsequently updated to also cover the Bitcoin Cash launch, we explained how to secure your private keys so you could be sure to access your BCH. At the time of writing that article, much was still uncertain about how this event would play out.
December 27, 2018 6:58 PM

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Travel Booking Site CheapAir Starts Accepting Bitcoin Cash, Litecoin, and Dash Payments | CryptoGlobe
US-based flight aggregator CheapAir, a company that?s been accepting Bitcoin (BTC) payments since 2013, has recently revealed it?s now going to accept three other cryptocurrencies: Bitcoin Cash (BCH), Dash, and Litecoin. According to a recently released press release, the company has decided to start accepting these three cryptocurrencies partly due to customer demand. The document notes that in the past 12 to 18 months, interest in cryptocurrencies surged, to the point various altcoins were created with the purpose of improving upon some of bitcoin?s shortcomings. CheapAir?s CEO, Jeff Klee, stated:
December 27, 2018 6:41 PM

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Bitcoin Cash SV's Price Surges as Its Hashrate Closes in on That of ABC | CryptoGlobe
Bitcoin Cash SV (BSV), a cryptocurrency created after the BCH hard fork on November 15, has recently started surging as its hashrate has seemingly started closing in on that of Bitcoin Cash ABC?s network. According to CryptoCompare data, BSV is up by over 27% in the last 24-hour period, and is currently trading at $67.9, up from roughly $50. Most of the cryptocurrency's trading volume is from Binance. As CryptoGlobe covered, BCH?s hard fork saw the community split into two sides, as one supported Bitcoin Cash ABC ? which got the BCH ticker on most cryptocurrency exchanges -  and its attempt to improve the cryptocurrency?s technology, while the other sided with Bitcoin Cash SV and its move to increase block sizes to 128 MB.
December 27, 2018 6:39 PM

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Bitcoin Cash SV Supporter CoinGeek Hit With DDoS Attack Ahead of Hard Fork | CryptoGlobe
CoinGeek, a cryptocurrency news website owned by Calvin Ayre, a gambling tycoon, has recently been hit with a distributed denial of service (DDoS) attack, shortly before the scheduled Bitcoin Cash (BCH) hard fork that threatens to split the chain. The attack had been going on since Tuesday, and was only fended off yesterday. Commenting on social media Ayre claimed the attackers were ?childish and incompetent? as they were unable to take CoinGeek down for a long period of time. Per his words, Bitcoin ? presumably BCH ? needs ?adults,? which means miners need to be in charge of the network. While it?s currently unclear who attacked the website, Ayre touted it only helped it become stronger.
December 27, 2018 6:38 PM

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Bitpay Adds Bitcoin Cash Support, An Alternative To Bitcoin | CryptoGlobe
Bitpay, global Bitcoin payment service provider, in a blog post announced that the company has added support for Bitcoin Cash (BCH). It will be the first time in since its inception that it will process payment in a digital token other than Bitcoin (BTC). Bitpay is a go-to company for traditional businesses that want to accept digital currencies as payment. The point-of-sale company, immediately converts digital currency payments to fiat money, therefore lowering the risk for merchants from the volatility of the chosen cryptocurrency. According to the company blog, the Bitcoin fork - Bitcoin Cash will allow risk-free transactions. The blog read,
December 27, 2018 6:34 PM

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Bitcoin Cash Stress Test Sees Its Miners Process Over 2 Million Transactions in a Day | CryptoGlobe
A stress test on the bitcoin cash (BCH) network recently saw it process over 2.2 million transactions in the last 24 hours, as its proponents flooded its mempool with microtransactions on September 1. The test saw BCH supporters use tools like scale.cash to flood the network in an attempt to see how many it could handle throughout a day. The results, according to Fork.lol data, saw it hit 25.5 transactions per second. In the test?s aftermath the cryptocurrency?s price surged, as it?s currently trading at $628, up 11.75% in the last 24-hour period. As CryptoGlobe covered, the BCH network recorded over 684,000 transactions in a day a month ago, which helped it surpass bitcoin?s record by 200,000 transactions. According to BitInfoCharts, the stress test saw BCH beat the records of ether and XRP, which recorded a maximum of 1.2 million and 1.5 million transactions in a day, respectively.
December 27, 2018 6:33 PM

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684,000 Bitcoin Cash (BCH) Transactions In Last 24 Hours Surpass BTC's All-Time High | CryptoGlobe
Bitcoin Cash (BCH) has recently experienced a dramatic increase in the number of transactions being processed on its network. Charts from Bitinfo show that the BCH blockchain recorded over 684,000 transactions in the last 24 hours, which is roughly three times more than those processed by the Bitcoin (BTC) network during the same time period. @Bitcoin confirmed the new record for Bitcoin Cash while pointing out that the most dominant Bitcoin fork had executed ?about 200,000 more than BTC has ever processed.? Notably, the sudden spike in BCH transactions has come just a day after its 1 year anniversary.
December 27, 2018 6:32 PM

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Cryptocurrency Derivatives Exchange Crypto Facilities Launches Bitcoin Cash (BCH) Futures Contract | CryptoGlobe
On Friday (17 August 2018), UK-based cryptocurrency derivatives exchange Crypto Facilities Ltd announced that it is launching a Bitcoin Cash (BCH) futures contract. The exchange, which is regulated by UK's Financial Conduct Authority (FCA), is planning to launch the new product on its platform at 15:00 (UTC). Reportedly, this product was added because BCH is a top 5 cryptocurrency (currently fourth-largest by market cap), and Crypto Facilities is confident that it will be just as successful as its exisiting futures products with crypto traders/investors for maximizing profits and/or for managing risk exposures.
December 27, 2018 6:31 PM

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BitMEX Research: SegWit More Popular Than Bitcoin Cash | CryptoGlobe
Since the Bitcoin Cash fork one year ago, BitMEX Research has been keeping a close eye on the growth of both SegWit and Bitcoin Cash (BCH). Both implementations promise lower transaction fees, so it?s good for investors to compare the two?s actual usage to determine which is a better long-term investment medium of exchange. BitMEX recently released an update to their SegWit vs. BCH research. To summarize their findings: SegWit usage is consistently growing, and Bitcoin Cash is increasing as well. Below you can find the relevant data. The first chart shows SegWit usage percent, which identifies the percent of transactions using SegWit addresses. Considering that SegWit is a soft fork, that requires user activation, it makes sense that use is climbing over time. Not all exchanges or wallets support SegWit yet, so use is nowhere near 100%. Despite that, the usage has been increasing. As previously reported by CryptoGlobe, the usage percent even cracked 50% for a day.
December 27, 2018 6:28 PM

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Bitmain, Roger Ver, Bitcoin
United American Corp (?UnitedCorp?), a Miami, Florida-based telecommunications and IT firm, announced on December 6 that it has ?launched a lawsuit for damages and injunctive relief? against Bitcoin.com, Roger Ver, digital asset exchange Kraken, and crypto mining hardware giant Bitmain. UnitedCorp also mentioned in its press release that it had filed alaw suit for damages against ?other individuals? who may have been involved in ?a well-planned scheme to take control of the Bitcoin Cash network.? According to the US-based IT management firm, the accused wanted to gain control of the BCH blockchain ?for personal gain.? This led to ?a global capitalization meltdown of the Bitcoin Cash network at the expense of others,? UnitedCorp has alleged.
December 27, 2018 6:20 PM

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Coinbase Investigation Finds There Was No Insider Trading Ahead of Bitcoin Cash Listing | CryptoGlobe
An internal investigation conducted by popular San Francisco-based cryptocurrency exchange Coinbase reportedly found that there was no insider trading ahead of its Bitcoin Cash (BCH) listing, despite a suspicious price rise. According to Fortune, the exchange hired two ?well-known? US law firms to conduct a ?months-long probe? to find out whether insider trading took place. Last year, Bitcoin Cash?s price surged, shortly before Coinbase publicly announced it was listing the cryptocurrency. This saw various analysts point to insider trading, as those who knew about the listing were likely stocking up to take advantage of the price rise cryptos listed on the San Francisco-based exchange see.
December 27, 2018 6:20 PM

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Bitcoin Cash Fork Looms as Rival Factions Disagree on Future Direction | CryptoGlobe
Bitcoin Cash (BCH), the world?s fourth-largest cryptocurrency is facing a moment of crisis as more than a year after its fork from the original bitcoin blockchain, its community appears to be split down the middle, raising the prospect of another fork amidst bearish market conditions. In particular, two of its biggest mining pools are at loggerheads over a planned software update on November 15th. Central to the conflict are Jihan Wu?s Bitmain Technologies on one end of the conflict, which holds as much as $600 million in BCH while preparing for a reported $3 billion IPO in Hong Kong, and billionaire Calvin Ayre?s CoinGeek on the other.
December 27, 2018 6:16 PM

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Coinbase Faces New Bitcoin Cash-Related Insider Trading Lawsuit | CryptoGlobe
San Francisco-based cryptocurrency exchange Coinbase is once again facing a class action lawsuit filed by traders, alleging there was insider trading ahead of its listing of Bitcoin Cash (BCH), the cryptocurrency created through a fork of the Bitcoin (BTC) network. According to Finance Magnates, the lawsuit was filed against the firm in the US District Court for the Northern District of California, and sees the plaintiffs argue that the exchange ?made false and deceptive statements? regarding the cryptocurrency?s listing. Per the lawsuit, the plaintiffs allege Coinbase insiders were able to start buying BCH ahead of the listing, as they knew the cryptocurrency was going to be listed on the platform, and would go through what?s known as the ?Coinbase effect? ? the price rise a cryptoasset sees after being listed on the exchange.
December 27, 2018 6:10 PM

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Could Binance Maintenance Be Behind the Price Surge for Bitcoin Cash SV | CryptoGlobe
Over the past week, Bitcoin Cash Satoshi?s Vision (BCHSV) has seen some wild price swings. Two days ago, it climbed as much as 88% in 24 hours, a remarkable feat in the ongoing crypto bear market. However, it seems these price spikes might not be organic, as a researcher named Hasu might have stumbled upon the reason for the BCHSV price swings. In his research, Hasu finds one factor that might be moving BCHSV?s price around. That reason? Binance. Binance, one of the world?s most popular cryptocurrency exchanges, responsible for hundreds of millions of dollars of volume per day, made a move that might be the cause for the price swings: they disabled deposits and withdrawals for BCHSV.
December 27, 2018 6:08 PM

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Gemini Exchange Unveils Upcoming Support for Litecoin and Bitcoin Cash | CryptoGlobe
Earlier this week (September 26, 2018), Gemini sent a tweet announcing they when the US exchange will be trading Litecoin (LTC) and Bitcoin Cash (BCH). We announced during the Litecoin Summit that we would be launching LTC support on October 13th. We've already received regulatory approval to list BCH but haven't announced a launch date as of yet. We will be sure to let everyone know when BCH is available for trading! Although Coinbase already allows users to buy and sell LTC and BCH for USD, this new market will add further liquidity to these altcoins. Currently Bitfinex and Coinbase account for around 80% of BCH USD trading volume so a Gemini will be a welcome regulated competitor.
December 27, 2018 5:59 PM

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Japanese Exchange GMO Coin Will Only List Bitcoin Cash ABC | CryptoGlobe
GMO Coin, a Japan-based exchange, has decided to restart Bitcoin Cash (BCH) trading after the hard fork that happened over two weeks ago. However, there?s a catch. Unlike many exchanges who list both forks, GMO Coin has decided only to list the Bitcoin Cash ABC (BCHABC, BCH on most exchanges) coin on their exchange. BCH trading has been paused since the fork but will start again tomorrow morning with their BCH/JPY trading pair. GMO, a Japanese mining hardware manufacturer, mining operation, and exchange company, started their exchange last year, and reportedly processed $781 million in trading volume in the third quarter of 2018. GMO Internet started mining in September 2017, and has been slowly expanding into the cryptocurrency space.
December 27, 2018 5:52 PM

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Crypto Exchange Gemini Adds Support for Bitcoin Cash (BCH) Trading and Custody | CryptoGlobe
On Friday (7 December 2017), Gemini Trust Company, the digital asset exchange and custodian founded by Cameron and Tyler Winklevoss  in 2014, announced that it has added support for trading and custody of the ABC variant of Bitcoin Cash (BCH). Bitcoin Cash, which came into existence as a fork of Bitcoin (BTC) on 1 August 2017, was split into two variants?Bitcoin ABC (supported By Bitmain and Bitcoin.com) and Bitcoin SV (supported by Dr. Craig Wright and Calvin Ayre)?as the result of a highly controversial hard fork on 15 November 2018. All crypto exchanges that supported Bitcoin Cash before November 15th are supporting the ABC variant, most (e.g. Binance, Poloniex, Bittrex, Kraken, and OKEx) are supporting both the ABC variant and the SV variant, and a few (e.g. Coinbase, Bitstamp) have decided not to support the SV variant. Unfortunately, there is one more source of confusion: The tickers for ABC and SV vary across wallets and exchanges. The ABC variant is represented by BCHABC, BAB, or BCH; and the SV variant is represented by BCHSV or BSV.
December 27, 2018 5:51 PM

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