Bitcoin Cash News (BCH) - Page 8

Bitcoin Cash ABC is nearly five times more valuable than Bitcoin Cash SV - The Block
Poloniex announced on Wednesday that starting from November 7, it will allow its customers to trade two pre-fork tokens prior to the upcoming Bitcoin Cash hard fork - Bitcoin Cash ABC and Bitcoin Cash SV. Poloniex said that it ? to empower the community to demonstrate their support through trading activity.? Poloniex was the first exchange to offer pre-fork Bitcoin Cash trading and it?s already underway so let?s look at the data. The summary table looks like this: The market is clearly estimating that Bitcoin Cash ABC is the more valuable fork with the price of $505. The price of Bitcoin Cash SV is currently $104, which is a mere 21% of Bitcoin Cash ABC's price. Yet, the less valuable Bitcoin Cash SV has three times higher volumes than Bitcoin Cash ABC. The price for Bitcoin Cash ABC and Bitcoin Cash SV combined is $609, which is $16 higher than the price of Bitcoin Cash.
January 08, 2019 9:50 PM

www.theblockcrypto.com

The lending rate of Bitcoin Cash soars on Bitfinex - The Block
Just three days prior to the hard fork, Bitcoin Cash currently has the highest flash return rate out of all supported currencies. Currently, Bitcoin Cash's flash return rate hovers around 0.54% while the maximum rate on Bitfinex of 0.75% has already been reached a few times over the weekend. The flash return rate is the average of all fixed-rate positions, of all terms, weighted by their amount. It is basically the average daily rate on funding that allows traders to adjust the rates automatically. Bitfinex announced on Sunday that it will fully support the upcoming Bitcoin Cash hard fork and said that "at the time of writing, we do not believe that there is sufficient consensus to identify a clear winner in the Bitcoin Cash hard fork". During the Bitcoin fork on August 1, 2017, Bitfinex fully supported and credited all Bitcoin holders with the corresponding balances of Bitcoin Cash. Following the fork in 2017, all the borrowers had to repay Bitcoin Cash to pre-fork Bitcoin lenders. The Block has reached out to Bitfinex to clarify how it will handle the situation this year as it remains unclear.
January 08, 2019 9:43 PM

www.theblockcrypto.com

Bitcoin Cash hard fork activates, splitting the chain in two - The Block
As of the time of this writing, the Bitcoin Cash blockchain has split between two implementations: Bitcoin ABC and Bitcoin SV. Bitcoin.com, which is in favor of Bitcoin ABC, has mined block 556767 on the Bitcoin ABC chain. Mempool, which is in favor of Bitcoin SV, has mined block 556767 on the Bitcoin SV Chain, according to data from Coin.Dance. 14 blocks have been mined under the new consensus rules, with the Bitcoin ABC chain ahead of the Bitcoin SV chain by one block. It is currently too early to tell which chain will be the dominant Bitcoin Cash chain. Major exchanges have halted trading for bitcoin cash until the chain split is resolved. 
January 08, 2019 9:43 PM

www.theblockcrypto.com

Leak Hints Bitcoin Cash to be Added to Purse, Amazon Intermediary
The latest previously bitcoin only service provider to diversify following stupendous fees and network congestion might be Purse, an intermediary that matches Amazon gift card owners with bitcoiners ? and now perhaps bitcoin cash ? allowing you in effect to buy what you wish from Amazon with digital currencies at a discount. Purse asked its followers in a poll whether they would like Bitcoin Cash or Ethereum to be added, but two leaks quickly came suggesting they had already chosen BCH. The first was a bitcoin cash image on their website, while an eth one can?t be found. Purse claims it was there from previously allowing Bitcoin Cash withdrawals by BTC holders who were given an equal amount. However, some suggest that image was modified on the 20th of December.
January 08, 2019 8:59 PM

www.trustnodes.com

Craig Wright Affiliated Pools Have Gained 51% of Bitcoin Cash's Hashrate
The amount of new hashpower in bitcoin cash has jumped today as some unknown miner suddenly gains nearly 30% in the past 24 hours and 25% for the past seven days. The Craig Wright affiliated Coingeek has maintained its hashrate at 28% for the past 24 hours, 26.6% for the past seven days, but all other pools have seen a sharp drop in their share. The new miner, or miners, sign their blocks with whopper or whale. nChain?s BMG pool likewise signs some of their block with whale. BTC.com seems to allocate much of this new hashrate to Coingeek. Their pool distribution stats are usually somewhat more correct as they tend to allocate unknown hashrate more thoroughly than some other stats providers, but whether their allocation is indeed correct, is unclear.
January 08, 2019 8:58 PM

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ViaBTC To Launch Bitcoin Cash Priced Crypto Exchange
One of bitcoin?s biggest mining pool is to launch a new crypto-crypto exchange platform at the end of this month with a focus on Bitcoin Cash. While currently the only way to buy most digital currencies and assets is through btc, CoinEx, the new exchange, will pair them against BCH. ?The reason we chose BCH over BTC is that it has much faster transactions with low fees and better performance in terms of usability,? Sara Ouyang from ViaBTC told Trustnodes in a statement. The global exchange will provide only BCH-priced trading pairs for Zcash, Dash, Litecoin, as well as bitcoin and ethereum (BTC/BCH, ETH/BCH, LTC/BCH, ZEC/BCH, DASH/BCH to start).
January 08, 2019 8:54 PM

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Localbitcoins Returns Bitcoin Cash in Bitcoin
One of the oldest bitcoin exchange, which enjoys a space of almost no competition for direct peer to peer online or physical bitcoin trading, is in the process of returning Bitcoin Cash to their customers. But instead of Bitcoin Cash, they will actually receive bitcoins. The company says: ?Instead of providing support for Bcash, we have decide to compensate customers who held Bitcoin on their Localbitcoins account at the time of the air-drop on August 1st. The Bcash that Localbitcoins held has been sold and credited to customers at it?s corresponding value. We did this by converting all Bcash to Bitcoins, and sharing all of the converted Bitcoins between the users who held a Bitcoin balance on their accounts at the time of the creation of Bcash. Open trades that had any balance at the time were also taken into consideration, based on who received the Bitcoin after the trade was completed or closed.
January 08, 2019 8:51 PM

www.trustnodes.com

Bitcoin's Second Biggest Mining Pool, BTC.com, Starts Mining Bitcoin Cash
Bitcoin?s biggest mining pool after Antpool, BTC.com, which controls around 13% of the network?s hardware share, has started mining Bitcoin Cash today. They have made no announcement as far as we are aware, but found a Bitcoin Cash block according to data provided by CoinDance. The hashrate of Bitcoin Cash has considerably increased today with 21 blocks found in the past hour. Far higher than the usual six. Its hashrate on ViaBTC has risen to double that of Bitcoin Core in just hours after the currency became some 140% more profitable to mine than Bitcoin Core. The addition of BTC.com, however, is somewhat surprising. They are owned by Bitmain/Antpool, but have full independence in their operations. Moreover, their pool admin is a strong segwit and Bitcoin Core supporter, making their decision to mine Bitcoin Cash quite interesting.
January 08, 2019 8:51 PM

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Bitcoin Cash Processed 277 Tx/s, More Than PayPal, Five 32MB Blocks Mined, BU Nodes Crash
Bitcoin Cash has processed 830,000 transactions in five blocks, with each block containing circa 166,300 transactions, translating to a current capacity of 277 transactions per second. That?s more than PayPal, which handles about 200 transactions a second, with this showcasing the highest level of capacity so far by any decentralized Proof of Work (PoW) based public blockchain. The network overall handled it well, but about 300 Bitcoin Unlimited (BU) nodes out of circa 720 were unable to keep up. The problem there was higher levels of memory demand for BU nodes due to a change made recently. Andrew Stone, lead dev of BU, says:
January 08, 2019 8:50 PM

www.trustnodes.com

BitPay Merchants Can Now Start Accepting Bitcoin Cash Payments
More than 100,000 BitPay merchants, including Microsoft, Zynga, Virgin Galactic and others, can now start accepting Bitcoin Cash payments following its full integration in all of BitPay?s services. BitPay has not yet made an official announcement on the matter, but merchants have already started accepting Bitcoin Cash through the crypto payments processor. One of them is eGifter, a gift cards shop through which you can somewhat indirectly buy pretty much anything at household brands such as Apple and Amazon with bitcoin cash. ?It just went live yesterday with BCH,? someone who noticed it publicly said. ?Find something you like. Run it through checkout and you?ll see the most important evidence there is, BCH enable at checkout.?
January 08, 2019 8:50 PM

www.trustnodes.com

Bitcoin Cash to Get Tokens by Forking Omni Layer
Bitmain, the biggest crypto miner and Asics manufacturer, has forked Omni Layer into a Wormhole protocol to provide the same functionality for Bitcoin Cash. Omni Layer allows for the creation of new tokens that run on top of bitcoin, such as Tether, through the use of Op_Return. In their specifications, Omni says: ?Bitcoin has some little-known advanced features (such as scripting) which many people imagine will enable it to perform fancy new tricks someday. The Omni Protocol uses exactly NONE of those advanced features, because support for them is not guaranteed in the future, and the Omni Protocol doesn?t need them to embed data in the block chain.
January 08, 2019 8:49 PM

www.trustnodes.com

Bitcoin Cash Mines a 13MB Block
The biggest block ever, by any public blockchain, has been mined today with some 10% of eth?s all daily transactions, at around 60,000 txs, included in just one block of more than 13 megabyte. Bitmain?s BTC.com mined the block today at around 2PM London time as Bitcoin Cashers stress test their network to see just how much capacity it can really handle. As can be seen, Bitcoin Cash mined a number of pretty big blocks, with the second biggest so far being a 10MB block by Craig Wright?s BMG Pool. BMG and Coingeek appeared to have a soft limit of 2MB for quite some time. That?s the default soft limit in current BCH clients, but it seems they then modified it to allow for bigger blocks.
January 08, 2019 8:47 PM

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How Might the Bitcoin Cash Trade War Go Down
Now that BitcoinSV futures have launched, we might perhaps be better placed to speculate how events might unfold on or around November 15th when all BCH holders suddenly find out they have this new coin called BSV. The futures play so far suggests BSV does have some support. In line with previous splits, that support appears to be at around 10%-20%. It is probable, therefore, that BCH?s price will initially split between BSV and the post-fork BCH, which in combination may initially be worth the same as the pre-fork BCH price. That means BCH?s price might fall once BSV trading starts as BSV supporters sell BCH to buy BSV. The combined price, however, will probably not move below BCH?s pre-fork price if this unfolds like previous splits.
January 08, 2019 8:47 PM

www.trustnodes.com

Over 31,000 Restaurants Start Accepting Bitcoin Cash
Germany?s biggest meal delivery provider, Liferando, which allows you to order food from 11,000 restaurants, has begun accepting Bitcoin Cash. Overall, some 31,000 restaurants in Europe and Vietnam have now begun accepting Bitcoin Cash through online orders from Takeaway.com. You can now buy pretty much any meal in Europe with Bitcoin Cash, including burgers, pasta, pizza, and anything else restaurants offer. Just as excited Bitcoin Cashers have been doing, with one of them sharing a video of the purchase process, which was completed in seconds. As can be seen above, the order pretty much instantly confirms because Bitcoin Cash can process zero confirmed payment through the first seen rule.
January 08, 2019 8:42 PM

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Bitmain Holds One Million Bitcoin Cash and LTC, 22,000 Bitcoins and Almost No Eth
Bitmain holds more Bitcoin Cash than Satoshi Nakamoto at 1,021,316 as of March 2018, amounting to $600 million at current prices and at nearly $1 billion at acquisition prices. The seemingly leaked prospectus of Bitmain?s Initial Public Offering (IPO) further says they had 931,932 LTC as of March 31st, currently worth around $60 million, but their acquisition price is $51 million. Of Dash they have 312,424 as of March, currently worth $52 million, but their acquisition price stands at $103 million. Of bitcoin they have the second lowest amount in coins at 22,082, currently worth $140 million, while their acquisition price was at $150 million.
January 08, 2019 8:41 PM

www.trustnodes.com

Coinbase, Binance, Roger Ver Back Bitcoin ABC in the Upcoming Chain-Split Bitcoin Cash Upgrade
Bitcoin Cash is undergoing a collective decision making process regarding an upcoming November 15th upgrade which some consider as contentious. Coinbase has come out to say they will back ?the published roadmap from bitcoincash.org.? That being the BitcoinABC client which has a number of changes, including canonical ordering. Coinbase also said: ?In the unlikely event that multiple viable chains persist after the fork, Coinbase will ensure that customers have access to their funds on each chain.? Presumably that means they will provide access to BSV, a new potential coin from Craig Wright?s BitcoinSV client backed by one of the biggest BCH miner, Coingeek.
January 08, 2019 8:39 PM

www.trustnodes.com

Coinbase, Poloniex, to Distribute Bitcoin Cash, Shapeshift Adds BCC/BCH
Coinbase has stated they will distribute Bitcoin Cash to all their customers who held bitcoin on August 1st, but they won?t do so until January the 1st 2018. Coinbase says: ?Over the last several days, we?ve examined all of the relevant issues and have decided to work on adding support for bitcoin cash for Coinbase customers. We made this decision based on factors such as the security of the network, customer demand, trading volumes, and regulatory considerations.? It?s not clear why the process will take five months. Coinbase?s distribution of ETC took place in a much shorter time. However, they did not list ETC while there are hints they may list BCC/BCH.
January 08, 2019 8:38 PM

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Could Bitcoin Cash Actually Overtake Bitcoin
What an astonishing few hours. After years of infighting bitcoiners were united yesterday, with all celebrating an historical day when the currency showed its full power. Big blockers and small blockers alike were super excited to see the first bigger than 1MB block, mined by ViaBTC, at exactly 19:13 London time. Then more blocks came, with a mystery miner ? probably BTC.TOP ? bringing to life the newest and yet the oldest digital currency, while price went on a bull run. They did what some said was impossible. They upgraded the bitcoin network in just one week when some said it takes years. They hardforked when some said hardforks ?CANNOT happen.?
January 08, 2019 8:37 PM

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Microsoft Starts Accepting Bitcoin Cash
Microsoft now accepts payment in Bitcoin Cash for games, Xboxes, apps and all sort of things found on their online Microsoft Store. This appears to be limited to only USA, where you can fund the account with Bitcoin Cash payments which are pretty much instantly credited. Allowing you then to purchase all they have to offer, including some 700,000 apps. They almost stopped accepting bitcoin in January due to very high fees, but BitPay has apparently persuaded them to keep accepting it, perhaps offering BCH as a candy of sorts. This is all part of an upgrade of BitPay?s payment services which recently automatically turned on BCH payments on all of their 100,000+ merchants.
January 08, 2019 8:35 PM

www.trustnodes.com

Aggregated knowledge base entries about Bitcoin Cash (BCH) Titles not entered by Crypto.BI and are Copyright(C) their original authors.