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…

Is Bitcoin Cash (BCH) Entering Death Spiral?

The Bitcoin Cash price continues to record new yearly lows, currently trading within its fifth consecutive session in the red. The BCH/USD rate has dropped below $120 in the latest sell-off, noting more than 97% depreciation since its all-time high. Since November 7, when the pair was trading at $638, it has tanked more than 81% in value. In comparison to other cryptocurrencies that also established their yearly lows recently, the price plunge in the Bitcoin Cash market is more severe. Source: CoinMarketCap.com Collateral Damage The reason why investors are…

Bitcoin Cash Price Analysis: BCH/USD Crashes Below $150

Key Points Bitcoin cash price traded further lower and broke the $150 support level against the US Dollar. There is a new connecting bearish trend line formed with resistance near $148 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair remains at a risk of more losses below the $140 level in the near term. Bitcoin cash price extended losses below $150 against the US Dollar. BCH/USD may continue to move down and it could even test the $125 level. Bitcoin Cash Price Analysis Yesterday,…

Craig Wright’s Bitcoin Cash Fork Can Hit $1 Million: Fmr Reddit Crypto Dev

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. According to former Reddit crypto lead-turned-entrepreneur Ryan X. Charles, there are only a couple options for the future of Bitcoin, specifically Bitcoin Cash-spinoff Bitcoin SV — it goes to astronomical highs, or it goes to zero. To illustrate his point, published the following tweet on Friday. It seems he has decided that of the two networks that came out of the BCH hard fork, he’s on the side…

Bitcoin Cash Price Rallies Toward $200 as CoinGeek Ends ‘Hash War’

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The bitcoin cash price on Monday made a charge back toward the $200 level, bolstered by the announcement that CoinGeek had formally called for an end to the “hash war” that had threatened to destabilize the BCH network following this month’s contentious hard fork. Bitcoin Cash Price Crosses $200 But Pares Gains After entering the day trading near $180, BCH traded down to about $175 before…

One Week Later: The Latest Developments in the Bitcoin Cash Split

Bitcoin Cash, the “big block” project that forked away from the Bitcoin blockchain in August 2017, “hard forked” (split) into two different coins last week: “Bitcoin Cash ABC” (BCHABC) and “Bitcoin Cash SV” (BCHSV). One week later, the Bitcoin Cash ABC chain has accumulated more proof of work and has been “ahead” of the Bitcoin Cash SV chain practically since the split. Its native currency, BCHABC, is also trading higher on exchanges. Most Bitcoin Cash ABC proponents, therefore, feel victorious — but not all Bitcoin Cash SV proponents consider the…

Bitcoin Cash Price Drops 12% to All-Time Low at $190, What’s Causing it?

Twitter Facebook LinkedIn Since November 7, the Bitcoin Cash price (BCH) has dropped from $640 to $190, by more than 70 percent. Prior to the hash power war between Bitcoin Cash and Bitcoin Cash SV, a camp led by CoinGeek, Calvin Ayre, and Craig Steven Wright, the price of BCH plunged from $640 to around $450. BCH has continued to extend its loss to the lower end of $200 in the past several days following the incident, finally dipping below the $200 support level in the last 24 hours. Within a…

Why Major Crypto Exchanges are Granting Bitcoin Cash With BCH Ticker

Twitter Facebook LinkedIn The hash power war between Bitcoin Cash (BCH) and Bitcoin Cash SV (BCHSV) ended with a one-sided victory for BCH. Prior to the hard fork on November 15, major cryptocurrency exchanges publicly expressed support towards the roadmap set forth by bitcoincash.org or ABC, the original Bitcoin Cash blockchain network. Fast forward eight days, a growing number of leading cryptocurrency trading platforms have begun to officially adopt ABC as the original Bitcoin Cash network with the ticker BCH. What Triggered Coinbase and Kraken to Support BCH? Earlier this…

Bitcoin Cash Price Sets New Yearly Low as Exchanges Open BCH Trading

Twitter Facebook LinkedIn It has been five days since the Bitcoin Cash fork began and crippled the stability of the BCH ecosystem, and the worst part is that it is not looking to recover anytime soon. The BCH/USD pair on Tuesday dropped another 40 percent — on paper, anyway (most exchanges paused BCH trading ahead of the fork and are consequently seeing all of the recent market losses realized at once) — setting new yearly lows at 237.14-fiat. There were no signs of upside recoveries that could stand for long.…

Bitcoin Cash Hash War Costing Miners Millions in Lost Revenue

Twitter Facebook LinkedIn According to BitMEX Research, going under the assumption that much of the hash rate on both sides of the Bitcoin Cash “hash war” has been leased since the fork, says that BCH miners have collectively lost as much as $6.1 million in gross revenue since last week’s blockchain split — but that one side, Bitcoin SV, can’t “keep this up forever.” Source: Twitter Something which has to be noted in any such discussion is that the profits gained from such mining — or loss thereof — would…