Dr. Craig S. Wright Intends To Purify And Simplify Bitcoin Cash Forked Progeny, The Bitcoin SV - BlockPublisher
The man behind the forked descendant of bitcoin cash being bitcoin SV, Dr. Craig S. Wright intends to bring back the simplicity factors back to bitcoin re-iventing the original bitcoin as the title bitcoin SV suggests, with SV standing for Satoshi?s Vision. Though Dr. Craig S. Wright sticks to his conventional harsh behaviour for his critics, he intends to base his crypto over Satoshi Nakamoto?s vision which bore fruit in shape of the genesis bitcoin. Dr. Craig suggests that the trash must be removed from the crypto which has assembled throughout the years resorting to return to the original shape with further innovations. Dr. Craig states that bitcoin SV is set to be as simple as possible with being the best structure ever built since the genesis bitcoin. He invokes the SPV operations keeping it minimal and simple. BlockPublisher got to extract some words from the innovator about his upcoming crypto. This item was found by us on December 09, 2018 7:53 PM. Visit blockpublisher.com for complete listings from this source.
Bitcoin Cash Price Gians 10% Despite ABC Developer Controversy
A lot of positive momentum appears to be brewing across the cryptocurrency industry. Although this is not entirely uncommon, sustaining this uptrend over the coming week will be a different matter altogether. After facing a massive battering, the Bitcoin Cash price appears to be on the rise again in rather significant fashion. Considering how the weekends are usually extremely bearish for all cryptocurrencies, it is somewhat interesting to see different momentum shaping up all of a sudden. All top markets ? except for Bitcoin SV ? are in the green all of a sudden, which is primarily because of Bitcoin?s price rising again. If that trend can be sustained throughout the first half of next week, there may be some reason for cautious optimism. This item was retrieved by us on December 09, 2018 3:43 PM. See nulltx.com for additional posts.
Bitcoin Cash Price Weekly Analysis: BCH/USD Could Struggle Near $120 - Daniel Chiang
Bitcoin cash price fell sharply below $150 and $100 against the US Dollar. BCH/USD may correct higher in the short term towards $115 or $120 resistance. This past week, there was a major downside move below the $150 support in bitcoin cash price against the US Dollar. The BCH/USD pair declined heavily and broke the $140 and $120 support levels. The decline was such that the price even broke the $100 support and settled below the 100 simple moving average (4-hours). A new yearly low was formed at $92 and later the price started consolidating losses. An initial resistance is near the $105 level. It is the 23.6% Fib retracement level of the recent decline from the $145 high to $92 low. Above $105, there is a strong resistance formed near the $115-120 zone. There is also a crucial bearish trend line formed with resistance at $120 on the 4-hours chart of the BCH/USD pair. The 50% Fib retracement level of the recent decline from the $145 high to $92 low is also around $120. Therefore, if the price continues to move higher, it is likely to face sellers near the $115 and $120 resistance levels. This posting was obtained by us on December 09, 2018 1:07 PM. You may want to visit cryptosumer.com for more.
Bitcoin Cash (BCH) Temporarily Overtakes BSV After Gemini Listing
Starting today, users of the U.S.-regulated, Winklevoss Twins-headed Gemini platform will be able to deposit Bitcoin Cash (BCH), the chain backed by the ABC client. This development comes via an official statement from the New York-based company, issued through Medium on Thursday morning. We are pleased to announce that Bitcoin Cash (BCH) is now available on Gemini! On Saturday, we will begin accepting Bitcoin Cash deposits, and trading will open across all currency pairs on Monday. For more information, please visit our blog on @Medium https://t.co/KchBr1wUc3 ? Gemini (@Gemini) December 7, 2018 This share was found by us on December 09, 2018 11:12 AM. See ethereumworldnews.com for additional posts.
Market Recovers by $5 Billion but Why Are Ethereum and Bitcoin Cash Plunging
Over the last 24 hours, the crypto market has added $5 billion to its valuation, demonstrating a slight recovery from $106 billion to $111 billion. Despite the recovery of the market, Ethereum (ETH) and Bitcoin Cash (BCH) continue to fall in value, both recording a three percent drop against the U.S. dollar. On December 9, the Ethereum price fell by around three percent from $97 to $93, failing to sustain the short-term momentum it garnered from an unforeseen recovery it experienced on Saturday. Since its daily peak, Ethereum has declined by more than six percent against the U.S. dollar, from $100 to $93. This article was found by us on December 09, 2018 7:04 AM. Browse www.ccn.com for more.
Simple Ledger Developers Publish Monthly Puzzle With Bitcoin Cash Treasure
In late November, the creators of the Simple Ledger Protocol announced the launch of Ledger Treasure, a contest in which contestants must solve a puzzle to win over $100 worth of bitcoin cash (BCH). On Dec. 6, Simple Ledger developer James Cramer revealed the winner of the first puzzle solved by gaining access to the BCH funds locked in a special P2SH address. Also read: Previously Inactive Whales Are Moving Large Amounts of BTC Developers of the Simpleledger.io (SLP) project are hosting a monthly contest that offers the chance to win over $100 worth of BCH for solving a puzzle. The team will be giving away BCH after crafting a solvable puzzle and publishing it with the project?s monthly newsletter. On Dec. 6, the first winner received 1 BCH for unlocking the funds contained in a bitcoin cash P2SH address. The first issue of the Ledger Treasure newsletter sent out to registrants contained the maiden puzzle, called ?Stashed Cash 1.? The 1 BCH of locked funds in a P2SH address was solved one hour after the puzzle was published, explained its creator James Cramer. This publication was discovered by us on December 09, 2018 3:37 AM. You may want to visit news.bitcoin.com for additional posts.
Florida Man Strikes Again, asks court to reverse hard fork
Crypto Briefing exists to advocate for the safe and responsible integration of blockchain and cryptocurrency into mainstream life. We believe. Our goal is to grow the crypto community - to help new converts understand the basics, and to share our research with experienced enthusiasts. Our ICO reviews are independent, unpaid, and unsponsored. Contact us: editor AT cryptobriefing.com. Crypto Briefing - ICO and Cryptocurrency Analysis, News, Features, Ratings and Reviews - Cryptocurrency News, Digital Asset Analysis, & Blockchain Updates What Is QuarkChain Network? Introduction to QKC Token What Is the Monacoin Project? Introduction to MONA Cryptocurrency This publication was discovered by us on December 09, 2018 12:01 AM. Check out cryptobriefing.com to find more similar content.
Ethereum, EOS, Bitcoin, Bitcoin Cash Price Analysis Crypto.IQ | Bitcoin and Investment News from Inside Experts You Can Trust - CryptoIQ
Take Bitcoin as an example. Bitcoin was in a range from $5,800 to $6,800 for a four month period spanning from August to November. The price action was really quiet. In accordance with technical analysis theory, when the breakout occurred from a really, really quiet range, Bitcoin dropped sharply. We see a new development where there is a coming breakout from a quiet range in the cross rate between Ethereum and Bitcoin (ETHBTC). In this cross rate, price action has moved sideways since early September. Said plainly, the value of Ethereum and Bitcoin has been dropped at roughly the same rate of speed since September (Figure 1). This post was discovered by us on December 08, 2018 7:53 PM. Visit cryptoiq.co for more from this source.
Video Demonstrates Double Spending Possibility in Bitcoin Cash SV 0-Conf Transactions
Findings from a test by an online persona known as ?reizu? revealed four nodes control 75 percent of the BSV hashrate. Bitcoin Cash SV contends with fresh allegations around mining centralization after a Vimeo user posts a video of double spending on the network Bitcoin Cash SV (BSV), a new fork of Bitcoin Cash (BCH), faced new controversy on Dec. 8 after a researcher reportedly showed how any user could spend the same coins twice on its network in a ?0-conf transaction.? Bitcoin Cash, which was created in a hard fork from Bitcoin (BTC) in August 2017, uses 0-conf (or zero-conf) to allow almost instant transactions, meaning they are almost always confirmed in the following block. This information was found by us on December 08, 2018 6:34 PM. Browse cointelegraph.com for more.
Gemini Adds Support for Bitcoin Cash Trading and Custody on the ABC Network
Cryptocurrency exchange Gemini announced support for Bitcoin Cash (BCH) custody and trading today with a post on its official Medium blog, Dec. 8. Gemini, which is based in the United States, was founded in 2015 by the Winklevoss brothers. The exchange pointed out that, at the moment, it will ?only be providing support for the Bitcoin ABC network? which is identified on the platform as ?Bitcoin Cash with ticker: BCH.? Gemini declared that they ?are continuing to evaluate Bitcoin SV over the coming weeks or months, and we may or may not choose to support withdrawals and/or trading of Bitcoin SV in the future.? This information was obtained by us on December 08, 2018 4:21 PM. Have a look at cryptolauren.com for more similar content.
Gemini Adds Support for Bitcoin Cash Trading and Custody on the ABC Network - ForexTV.com
Posted by: Bitcoin News Editor in Bitcoin News Wire 21 days ago Gemini, a major cryptocurrency exchange and custodian, recently announced it launched support for Bitcoin Cash on the ABC blockchain. The exchange pointed out that, at the moment, it will ?only ? Read Full Story This posting was first found by us on December 08, 2018 7:53 AM. Visit forextv.com for additional posts.
Interview with Alex Adelman, CEO of Lolli, on building a free Bitcoin cash back reward app
Alex Adelman is the CEO and founder of Lolli, a free cash back reward app that allows you to earn free Bitcoin by just shopping online. In this Q&A, Alex goes over how he got started with blockchain/bitcoin and the vision behind Lolli. 1. Hey Alex! Thanks for doing the Q&A. Could you tell us a little bit more about what you?re working on? Hey Wilson, thanks for having me! Lolli is a rewards application that lets people earn bitcoin when they shop online at 500+ top merchants. We partner with top retailers and get a % of every sale when we send our users to the retailer?s site to shop. We share that commission with our users, sending bitcoin to their Lolli wallets! ? This information was found by us on December 08, 2018 4:15 AM. Visit cryptomenow.com for additional posts.
Gemini announces support for Bitcoin Cash
Gemini announced today that they will be officially supporting Bitcoin Cash this Saturday (December 8th, 2018). This came from their email newsletter. Starting on Saturday, you will be able to deposit Bitcoin Cash into your Gemini account. Trading will begin on Monday, December 10th at 1pm ET. You will be able to trade Bitcoin Cash against all other currencies available on the Gemini platform and you will also be able to participate in daily auctions for BCH/USD. At this time, we will only be providing support for the Bitcoin ABC network and we will be referring to it as Bitcoin Cash with ticker: BCH. We have added replay protection to all BCH withdrawals from the Gemini platform to ensure transactions are only valid on the Bitcoin ABC blockchain. Any cryptocurrency sent to Gemini over a blockchain that we do not support, such as Bitcoin SV (BSV), will be invalid and irrecoverable. This article was found by us on December 08, 2018 12:51 AM. You may want to visit cryptomenow.com for complete listings from this source.
Bitcoin, Ripple, Ethereum, Stellar, Bitcoin Cash, Bitcoin SV, EOS, Litecoin, TRON, Cardano: Price Analysis, Dec. 7
Markets are down following more delays on a Bitcoin ETF decision from the U.S. SEC. Let?s consult the charts and see how top coins are faring. Markets continue the downward march following more delays from the U.S. SEC on a decision about Bitcoin ETFs The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The selling in cryptocurrencies dragged the total market capitalization down to about $106 billion on Dec. 7. The crypto market has lost more than 87 percent of its value from the high achieved in late 2017. This piece was retrieved by us on December 08, 2018 12:04 AM. Have a look at cointelegraph.com for more from this source.
After Year-Long Wait New York-Based Exchange Gemini Lists Bitcoin Cash
Cryptocurrency exchange Gemini announced the launch of bitcoin cash (BCH) support and detailed that BCH will be available for trading on the platform this weekend. Bitcoin cash supporters have been waiting for Gemini to list BCH since the fork on Aug. 1, 2017. Beginning Saturday, at 9:30 a.m. EST, customers will be able to deposit bitcoin cash into their Gemini account in order to trade. Also read: Previously Inactive Whales Are Moving Large Amounts of BTC Bitcoin cash fans found out on Dec. 7 that the New York-based trading platform Gemini was adding BCH to the exchange interface this weekend. It?s been 15 months since the Aug. 1 BCH fork, and proponents have been waiting for what seemed like forever for Gemini to list the coin. The exchange will add bitcoin cash with five trading pairs which include USD, BTC, ETH, LTC, and ZEC. Gemini?s vice president of engineering, Eric Winer, detailed that BCH seeks to ?build on the goal of the original Bitcoin and become an electronic cash system.? Furthermore, in light of the recent Nov. 15 hard fork which resulted in a split and the birth of BSV, the company explained that the BCH ticker will be assigned to the ABC side of the fork. This posting was first seen by us on December 07, 2018 9:07 PM. Have a look at news.bitcoin.com for more.
Crypto Exchange Gemini to List Bitcoin Cash With NYDFS Approval
The Winklevoss-owned Gemini crypto exchange is adding support for bitcoin cash (BCH), the firm announced Friday. Specifically, the New York-based startup is only supporting the fork of bitcoin cash based on the Bitcoin ABC roadmap, and not the alternative version, ?Satoshi?s Vision? (SV). The difference arises after a controversial hard fork last month when the bitcoin cash network split into two different and competing blockchains with their own tokens. The exchange has added replay protection to ensure that transactions are only valid on the one network, wrote engineering VP Eric Winer. ?Any cryptocurrency sent to Gemini over a blockchain that we do not support, such as Bitcoin SV (BSV), will be invalid and irrecoverable,? he said, adding: This entry was found by us on December 07, 2018 7:05 PM. Check out www.coindesk.com for more from this source.
Could Bitcoin Cashs Price (BCH) Continue Its Decline
Bitcoin Cash which adopted Bitcoin ABC due to the November 15th hard fork is failing to impress. As seen in the Bitcoin Cash chart below the year started with Bitcoin Cash at highs of above $2500 but eventually falling to levels between $1000 to $1750. After the hard fork on November 15th, you will notice the $500 levels of Bitcoin Cash came crashing down to less than $250. At the time of writing Bitcoin Cash is $103.29. BCH which is now under the control of the Bitcoin ABC team ? due to the November 15th hard fork ? is failing to maintain a decent resistance level. Moreover, their changes in the protocol made a lot of hodlers unhappy with the current decisions. If the team will continue with bad decisions like the past ones, we can expect a significant drop in price. This item was first found by us on December 07, 2018 6:44 PM. Check out zerocrypted.com for more.
Bitcoin Cash Is Now Available on Gemini Exchange
We are thrilled to announce support for Bitcoin Cash trading and custody on Gemini. Beginning Saturday, December 8th at 9:30am ET you will be able to deposit Bitcoin Cash into your Gemini account. Trading will begin on Monday, December 10th at 1pm ET. Bitcoin Cash (BCH) is the fifth digital asset available on the Gemini platform, joining Bitcoin, Ether, Litecoin, and Zcash. As such, we will be offering the following new trading pairs and services: Bitcoin Cash, a fork of the Bitcoin network, was recently forked into two distinct networks and blockchains: Bitcoin ABC and Bitcoin SV. At this time, we will only be providing support for the Bitcoin ABC network and we will be referring to it as Bitcoin Cash with ticker: BCH. We have added replay protection to all BCH withdrawals from the Gemini platform to ensure transactions are only valid on the Bitcoin ABC blockchain. Any cryptocurrency sent to Gemini over a blockchain that we do not support, such as Bitcoin SV (BSV), will be invalid and irrecoverable. We are continuing to evaluate Bitcoin SV over the coming weeks or months, and we may or may not choose to support withdrawals and/or trading of Bitcoin SV in the future. This item was obtained by us on December 07, 2018 5:53 PM. Have a look at medium.com for more from this source.
Bitmain, Roger Ver, Kraken Sued for Alleged Bitcoin Cash Hard Fork Manipulation
Florida-based United American Corp. (UnitedCorp) has purportedly filed a lawsuit against Bitmain, Bitcoin.com, Roger Ver, and the Kraken Bitcoin Exchange, according to a press release published Dec. 6. UnitedCorp alleges that the defendants planned a scheme to take control of the Bitcoin Cash (BCH) network. Founded in 1992, UnitedCorp is a development and management firm with a focus on telecommunications and information technologies. The company manages a portfolio of patents and proprietary technology in telecoms, social media and blockchain. UnitedCorp also owns and operates BlockchainDomes stations, that provide heat for agricultural applications. This information was discovered by us on December 07, 2018 5:30 PM. Check out cryptolauren.com for more.
UnitedCorp Sues Bitmain, Roger Ver and Kraken for Hijacking the Bitcoin Cash Network
The tumultuous Bitcoin Cash (BCH) network saga keeps on rolling with both camps coming up with new allegations seemingly on a daily basis. The latest encounter has seen a Miami-based UnitedCorp launch a suit against mining giant Bitmain, major crypto exchange Kraken and Bitcoin.com CEO Roger Ver. According to the official press release, the aforementioned parties are alleged to have taken part in a ?well-planned scheme to take control of the Bitcoin Cash network for personal gain and which caused a global capitalization meltdown of the Bitcoin Cash network at the expense of others.? The BCH hard fork occurred on the 15th of November, splitting the community into two main camps: Bitcoin Cash ABC and Bitcoin Cash SV. The defendants of the suit are all major stakeholders of the ABC camp. The two sides have torn into each other on Twitter with Craig Wright, the self-proclaimed Satoshi Nakamoto and leader of the SV camp, calling Roger Ver an ?enemy?, who ?hates bitcoin.? This article was first seen by us on December 07, 2018 4:36 PM. You may want to visit toshitimes.com for more from this source.
Mining Firm Sues Bitcoin ABC Proponents for Hijacking Bitcoin Cash
A new lawsuit alleges that proponents of Bitcoin Cash ABC ? one of two competing iterations of the bitcoin cash cryptocurrency that split off during a hard fork last month ? illegally manipulated the market, damaging investors as a result. Florida-based United Investment Corp. filed a federal lawsuit in the U.S. District Court, Southern District of Florida claiming that Roger Ver, bitcoin.com, Bitmain and co-founder Jihan Wu, crypto exchange Kraken and founder Jesse Powell, and Bitcoin ABC developers Amaury Sechet, Shammah Chancellor and Jason Cox centralized bitcoin cash and manipulated the price during its contentious hard fork. This piece was retrieved by us on December 07, 2018 3:35 PM. Browse www.coindesk.com for more.
Bitcoin SV (BSV) Swiftly Becomes Fifth-Ranked Cryptocurrency Surpassing Bitcoin Cash, EOS and Litecoin
Craig Wright may have the last laugh given that Bitcoin SV (BSV) has soared in market capitalization. The controversial cryptocurrency has overtaken not only Tether, EOS and Litecoin but also it?s primary rival Bitcoin Cash ABC now touted as Bitcoin Cash (BCH). At the time of writing BSV is $109.68 with a market capitalisation of $1,916,900,135 ranking 5th. While it?s rival BCH is $102.58 with a market capitalisation of $1,794,831,347 ranking 7th. The overall Cryptocurrency markets are falling tremendously, but BSV has hung on and is being traded with a significant amount of trading volume. Bitcoin ABC was the overall winner and favorite during the hard fork, but that did not stop Bitcoin SV. It has proved that the long-term vision and the fundamentals are as important as negative comments. Bitcoin SV justifies and highlights the cash-like nature of Bitcoin. It is led by Calvin Ayre and Craig Wright, with a design to facilitate fast, cheap, peer-to-peer money transfers. According to the Bitcoin SV team, it is supporting Satoshi Nakamoto?s original vision for a peer to peer electronic form of money. Bitcoin SV is enabling unlimited sized blocks. Craig Wright tweeted a hinted about ?The biggest blocks win? and ?Gigabytes in 2019.? This publication was found by us on December 07, 2018 1:57 PM. Visit blockmanity.com for more from this source.
Bitcoin Cash [BCH] Continues Decline and Drops in Cryptocurrency Rankings
Bitcoin Cash [BCH] technical analysis for 7th December 2018. Bitcoin Cash continues to form another consecutive 2018 low and also drops in the market cap rankings. We analyze the bearish movements. Bitcoin Cash had continued its decline even while other cryptocurrencies were holding their value or increasing. With a return to bearish market conditions, Bitcoin Cash accelerates its decline recording consecutive 2018 lows for the past four days. This decline has resulted in Bitcoin Cash dropping in the cryptocurrency rankings. Bitcoin Cash ranked fourth in terms of total market cap for much of 2018, but Stellar Lumens overtook it for this spot last week. The stablecoin USDT overtook it today moving Bitcoin Cash down to 6th position. Its hard fork, Bitcoin Cash SV, also briefly overtook and the market cap for both cryptocurrencies are now valued around the same. This post was obtained by us on December 07, 2018 1:19 PM. Visit blokt.com for more.
Bitcoin SV Flips Bitcoin Cash (BCH) Amidst Market Rout
Bitcoin Cash (BCH), Bitcoin SV (BSV), Cryptocurrency?In a turn of events that could have ramifications for the broader market, Bitcoin SV, the fork of Bitcoin Cash that ultimately conceded the name to split currency Bitcoin ABC, has overtaken its rival to claim the fifth largest spot by capitalization. While every crypto in the top 20, including the number one currency Bitcoin is experiencing double digit losses on the day, Bitcoin SV has managed to climb over 28 percent. The most recent price movement for the coin has led to a ?flippening? in investor expectations and market valuation, with SV leaping ahead of its competitor in what has been a contentious split. As previously reported by EWN, the Bitcoin Cash hard fork, which resulted in rival currencies Bitcoin ABC and SV, instigated a ?hash war? that nearly destroyed the entire the industry in the fallout. This posting was first seen by us on December 07, 2018 12:29 PM. See ethereumworldnews.com for more from this source.
Bitcoin SV Price Surge Creates Bitcoin Cash Flippening
A lot of unanswered questions remain where cryptocurrencies and digital assets are concerned. The Bitcoin price continues to plummet and seemingly has no cushion at this time. There are some interesting developments taking place, though. The Bitcoin SV price continues to rise and it has now surpassed EOS, Bitcoin Cash, and Tether in the past few hours. The big question is whether or not this situation is sustainable for more than a few hours. It all began yesterday around noon when the Bitcoin SV value suddenly started to buck the overall downtrend. Unlike other currencies, BSV successfully managed to go in the green in both USD and BTC value. At that time, no other currency was able to do the same, although it remains a bit unclear if this current trend will remain in place for much longer. Such monster gains are usually wiped out in quick succession. This post was first seen by us on December 07, 2018 11:52 AM. Browse nulltx.com for additional posts.
Crypto Carnage Continues, Bitcoin Cash SV Briefly Replaces Bitcoin Cash in Marketcap Rank
Ethereum is the worst performer in the market and is currently hovering around the $80 region, wiping out the entire gains since mid-2017. The market rout further deepened in the Thursday?s session as the overall crypto market cap is now nearing the $100 billion mark, losing close to $16 billion overnight. This now marks near to 90 per cent fall in crypto values since its peak in January 2018. The Bitcoin prices have now set a yearly low of $3,310 level, and also has broken a strong support line around the $3,600 level. Bitcoin is now trading around $3,400 level, a fall of more the 10 per cent overnight. With fresh new selling in the market, the Bitcoin is likely to drop below the $3,000 level ($2,900 next important support level) and could possibly reach down towards the $1,800 level. This entry was retrieved by us on December 07, 2018 10:40 AM. Visit www.crypto-news.in for more similar content.
Bitcoin Cash Price Analysis: BCH/USD Nosedives Below $100, $80 Next - Daniel Chiang
Bitcoin cash price ABC tumbled below $100 whereas BCHSV climbed above $100 against the US Dollar. BCH/USD is under pressure and it could trade towards $80. Yesterday, we discussed that bitcoin cash price could test the $100 support against the US Dollar. The BCH/USD pair did move down and broke the $120 and $110 support levels. The price not only tested the $100 level, but sellers succeeded in clearing $100. A new yearly low was formed near $95 and it seems like the price may continue to slide. More importantly, BCHSV climbed higher recently and surpassed the value of BCHABC, which is a negative sign. This post was retrieved by us on December 07, 2018 9:04 AM. See cryptosumer.com for more from this source.
Business damaged by Bitcoin Cash civil war sues in US Federal Court - CoinGeek
Miami, FL. ? In a lawsuit filed on Thursday December 6th in the United States District Court for the Southern District of Florida, United American Corp. a Florida Company, petitioned the court for emergency injunctive relief citing losses stemming directly from the Bitcoin Cash fork that began on November 15, 2018, and asserting that a team of conspirators involved in what many are calling the ?Bitcoin Cash Civil War? worked with the knowledge and support of the Chinese government to stage a premeditated hostile takeover of this popular cryptocurrency platform. The litigation, being handled by a team of attorneys led by Brian Miller, of the powerhouse Miami-based law firm Akerman, alleges there was ?a scheme by a tight network of individuals and organizations designed to co-opt the cryptocurrency market for Bitcoin Cash, effectively hijacking the Bitcoin Cash network, centralizing the market and violating all accepted distributed and decentralized standards and protocols associated with Bitcoin since its inception.? It claims this scheme caused ?a global capitalization meltdown of more than $4 billion and caused many American and Canadian coin holders to suffer financial damages.? This piece was retrieved by us on December 07, 2018 9:04 AM. Visit coingeek.com for complete listings from this source.
UnitedCorp Suing Bitmain, Kraken, Bitcoin.com, and Roger Ver For Colluding To Take Over Bitcoin Cash Network For Personal Gain
UnitedCorp has launched a lawsuit in the United States District Court for the Southern District of Florida against global cryptocurrency mining powerhouse Bitmain, the Kraken cryptocurrency exchange which has hundreds of millions of USD of daily trading volume, Bitcoin.com which runs a popular news website and mining pool, and the CEO of Bitcoin.com, Roger Ver aka Bitcoin Jesus. UnitedCorp asserts that the defendants colluded to take control of Bitcoin Cash for personal gain, which caused massive losses to the Bitcoin Cash ecosystem. UnitedCorp seeks an injunction against the defendants, to prevent them from doing anything else to manipulate the Bitcoin Cash network, and also seeks an undefined amount of monetary damages. This news is perhaps why the price of Bitcoin Cash, which used to be Bitcoin Cash ABC, has fallen 14% in a day to USD 114, while the other fork of Bitcoin Cash, Bitcoin SV, has risen to USD 104. This is a narrower gap than ever before between the 2 forks of Bitcoin Cash, and it seems possible that Bitcoin SV could surpass Bitcoin Cash?s price at some point. This entry was first found by us on December 07, 2018 7:19 AM. Browse cryptoiq.co for complete listings from this source.
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