Bitcoin CashBitcoin Cash BCH news

Bitcoin's fork with quicker and cheaper transactions
Price, 24h
80.52 USD / 0.02483000
-1.59% / -2.28%
Volume, 24h
72,143,312 USD
1,386,624,944 / 1.3%
Chart price/vol/NIS 7d
Asset details

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Ethereum Price Surpasses Bitcoin Cash for First Time Ever

The price of ether has surpassed that of bitcoin cash for the first time ever, becoming the latest negative milestone in a tumultuous few weeks for the world’s fourth-largest cryptocurrency by market capitalisation. According to data from CoinMarketCap, Ethereum traded at $85.51, while bitcoin cash traded at $82 at press time. Bitcoin Cash Post-Fork Woes Following The post Ethereum Price Surpasses Bitcoin Cash for First Time Ever appeared first on CCN

Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis

Key Points The total crypto market cap declined below the $100.00B support before buyers appeared near $96.5B. EOS price is currently consolidating below the $2.00 resistance area. Bitcoin cash price is trading above the $80.00 support with a tiny bullish angle. Tron (TRX) is still above the $0.0130 support level. Cardano (ADA) price seems to be preparing for an upside break above $0.0300. The total crypto market cap declined further below $100.00B before recovering slightly. Bitcoin, Ethereum and altcoins like EOS, Tron (TRX) and Cardano (ADA) remains at a risk of more losses. Bitcoin Cash Price Analysis Bitcoin cash price struggled a lot this past week after there was a close below the $100 support. BCH/USD declined heavily and broke the $90 and $85 support levels. The price traded close to the $80 support level and it is currently consolidating losses. On the upside, the price must break the $85 resistance to start a decent recovery towards the $90 and $95 resistance levels. On the downside, a break below $82 and $80 could trigger heavy declines. EOS, Tron (TRX) and ADA Price Analysis EOS price recovered slowly and steadily this past week above the $1.80 resistance. However, the price struggled to gain strength above the $2.00 resistance and it is currently consolidating. A daily close above $2.00 is needed for buyers to gain momentum in the coming days. Tron price remained confined in a range above the $0.0130 support. It seems like TRX price is preparing for a solid move either above $0.0135 or below the $0.0130 support in the near term. Cardano price settled below the $0.0300 support this past week, with a bearish angle. However, ADA price is finding solid bids near $0.0290 and it seems like it could jump back above $0.0300 and $0.0310. Looking at the total cryptocurrency market cap hourly chart, there were further declines below the $102.00B and $100.00B supports. The market cap even broke the $98.00B level and traded towards the $96.50B level. Later, buyers appeared and pushed the cap above the $100.00B level. However, there is a strong bearish trend line with current resistance at $101.00B, which could continue to protect more gains in Bitcoin, Ethereum, litecoin, ripple, and other altcoins in the near term. Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis was last modified: December 17th, 2018 by Aayush JindalThe post Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis appeared first on NewsBTC.

Litecoin Overtakes Bitcoin Cash in the Cryptocurrency Market

The cryptocurrency market continues to generate new surprises. In the last hours, Litecoin (LTC) was able to surpass Bitcoin Cash (BCH) in terms of market capitalization. In this […] The post Litecoin Overtakes Bitcoin Cash in the Cryptocurrency Market appeared first on UseTheBitcoin.
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BCH Devs Publish Bi-Directional Payment Concept Based on IPFS

On Friday, Openbazaar and Bchd developer, Chris Pacia, revealed a new Bchd project feature currently in the making that would allow for Bitcoin Cash-based bi-directional payment channels. Moreover, in contrast to the Lightning Network, the Bchd developers explained that the team has created an overlay network based on the Inter-Planetary File System (IPFS). Also Read: A Look at Some of 2018’s Most Popular Cryptocurrency Traders A Generic Overlay Network Based on IPFS Built for Bitcoin Cash   The Bchd developer Chris Pacia has published a Medium post explaining a new bi-directional payment channel protocol for the Bitcoin Cash (BCH) network which they hope will be complete by early next year. Pacia and fellow contributors at the Bchd project just recently published the client’s library and wallet. The following day, the programmers released the Neutrino wallet which can enhance BCH privacy. Bi-directional payment channels are used in unison with the Bitcoin Core (BTC) network which allows the Lightning Network (LN) participants to exchange micropayments. However, some people consider LN not very user-friendly and others have criticized its security due to routing complications. Instead, the programmers built a generic overlay network based on IPFS’s libp2p. IPFS is a network that enables a more decentralized peer-to-peer method of allocating hypermedia in a distributed fashion. The open source Gcash overlay implementation, which is based on the modular network stack Libp2p, can be found on Github. According to Pacia, it offers features like extensible peer identities, encrypted and authenticated connections, protocol multiplexing, stream multiplexing, and distributed hashtable technology (DHT) techniques. The Gcash overlay section of the repository states that “using the overlay network in your app is dirt simple.” Further, the applications that could benefit from this type of overlay connection would be peer-to-peer gambling apps, atomic swap protocols, coin mixers, wallet-to-wallet communication, and basic payment channel protocols. There will also be Tor integration and at the moment Bchd developers need to connect Tor as an optional transport. ‘Nothing Stopping All Bitcoin Cash Apps From Being Interconnected’ The idea was well received by Bitcoin Cash proponents on r/btc, with many from the community offering Pacia feedback in regard to the protocol’s functionality. One commenter said that “Bchd is really making a run for best BCH implementation.” In the Bchd Medium post it links to some examples on how to “register a custom protocol, store and retrieve data from the DHT, and publish data over pubsub.” The blog post continues: There is also a compatible javascript version of libp2p that can run entirely in the browser. Making a javascript version of the overlay network should be really easy as the entirety of the library is only 614 lines of code. The Bchd developers wholeheartedly believe there is nothing that can deter BCH applications from communication and interconnectivity. The programmers hope other developers are interested in pursuing this path and conclude that if people have any feedback to contribute or questions to feel free to reach out. What do you think about the idea of an overlay network for the Bitcoin Cash blockchain that allows for bi-directional payment channels and DHT technology? Let us know what you think about this subject in the comments section below. Images via Shutterstock, IPFS logo, Pixabay, and Want to create your own secure cold storage paper wallet? Check our tools section. The post BCH Devs Publish Bi-Directional Payment Concept Based on IPFS appeared first on Bitcoin News.
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One Month Post BCH Split, Is Bitcoin Cash ABC or Bitcoin SV Winning the Forking War?

Breakups are hard, at a personal level ask anyone who has loved and lost, at the national ask India and Pakistan. Thus no one had any illusions about how this story would unfold when it was announced that there was a faction that did not agree with the latest patches being worked on by the BCH team. The bloodbath that has since ensued has filled up pages upon pages of the interweb. We are taking a look at the past, present and future status of the two distinct networks, Bitcoin Cash ABC and Bitcoin SV, that have come to be since the bitcoin cash blockchain underwent a hard fork on November 15. Once Upon a Time: Before November 15 Bitcoin cash has an interesting mechanism that requires a bi-annual software upgrade. This means that, by design, the blockchain must ‘fork’. This was primarily to induce developers and miners to work together and reach a consensus about the general direction of the coin and its upgrades. Once the upgrades were discussed and agreed upon it would lead to a software upgrade and a ‘soft fork’, where the chain remains intact. Until the latest iteration, this was the norm. However, this all changed when the updates backed by Roger Ver and Jihan Wu were strenuously opposed by the likes of Craig white and Calvin Ayre. It quickly became apparent that no agreement was forthcoming and tensions reached a boiling point. The environment got more toxic and warlike when one side threatened takeover attacks and the other side started building infrastructure to prepare for any prolonged hashwar. Thus the chain experienced a bitter divisive hard fork. After a bitter struggle, the later camp conceded defeat and formed its own coin. Now both BCH and BSV have been trading on most public cryptocurrency exchanges. Yet due to mitigating circumstances post the mid-November fracture, there is no clear winner. The Story Now Trading at a respectable $600 at the start of the month BCH crashed to $420 on Nov. 14, subsequently nosediving to $250 in the coming days, after the split. The newly formed cryptocurrencies, Bitcoin Cash ABC and Bitcoin SV, were trading at $295 and $90 respectively. For most of November, it seemed like a no contest. BCH ABC was the distinct price leader, with a commanding lead over its counterpart. However, that distance has narrowed significantly, so much so that BSV was ahead for a time on Dec. 6. It is still up for debate whether this is due to the general market sentiments, which saw the broader crypto market lose about $80 billion, in recent weeks or that the public is yet to decide whose vision to back wholeheartedly. At the time of writing, both are neck in neck, BCH is ranked 8th with a value of $81.7 while BSV follows close behind at 9th, valued at $74.9, per website Coinmarketcap. A Technical Forecast Undoubtedly the success of either coin hinges on the actual usage and hash power, one can always make predictions based on analysis. Technical data on their respective price charts throws up some expected and unexpected anticipatory movement of the assets price. First BSV has had a risk-averse pattern that had taken hold of the currency since the end of November. The trending support levels are $74 and $54. Floating at the former for the time being, it is not altogether unlikely that the latter support value will be hit. In having said that there could always be a slight rally to stabilize conditions, owing to the oversold conditions seen on the intraday relative strength index (RSI). BCH (the erstwhile BCH ABC) has been steady but always on the down, losing as much as 80 percent. At the moment the uncertainty around support levels nearby makes it hard to suggest any safe fall back line or predict positive price movement. Although there is room for optimism as there are indications of oversold conditions for this coin, suggesting an eventual corrective bounce. Like all breakups, time heals all wounds. When the greater crypto market regains the strength, it will have a positive impact on this recently cleaved blockchain. What is more important is for the communities to put this behind them and work towards the common goals of making blockchain more viable and accessible to the general public
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Bitcoin Cash Developer Mark Lundeberg Launches Openswap Product for Trustless Atomic Swaps

Earlier this week Mark Lundeberg, a prominent Bitcoin Cash developer announced that he is launching a new project called Openswap. It is supposed to be a fork of the Electron Cash client which showcases atomic swap functionalities. Lunderberg said that it has been months since he started to work on the project. His product can be used to perform swaps between bitcoin cash (BCH) and BTC in a trustless fashion. He states: “The Openswap protocol is a clone of the Electron Cash light client but also offers a few different features. The Openswap software has an atomic swap platform, onchain private messaging (BCH messages that use encrypted OP_RETURN payloads), and also includes BTC wallet support.” In the primary version of the product, the developer wants to have a basic guideline for the complicated atomic swap process which means the capability to change BCH to BTC and vice versa. They even have a onchain messaging feature that can be utilized to negotiate transactions. “The initial release features BCH and BTC, by integrating elements from the BTC Electrum into BCH Electron Cash — Other Bitcoin compatible coins can be added later such as litecoin, dash, doge, and others. I welcome developers from these and other communities to help build the next generation software,” the developer added. This is not the first time Lundeberg is launching open sourced projects for the BCH network. Just a couple of months back Bitcoin Files Protocol was launched by him. It was an implementation for a file storage system that has been added to the SLP version of the so-called Electron Cash light client. The Bitcoin Files Protocol is an anonymous and censorship-resistant file storage that allows companies and individuals to easily share files and other information. The programmers James Cramer, Ryan X. Charles, Mark B- Lundeberg, Calin Culianu, Jonald Fyookball and other BCH developers have been working on this SLP project.
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Bitcoin Cash (BCH) news by Finrazor


This week, the reddit community has (not) stopped waiting for BCH fork. Anyway, we're closely watching what is happening, and giving you the easiest opportunity to express your opinion in the selected hottest discussions

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Bitfinex introduces a new system, BTCC launches in South Korea, the Bitcoin Unlimited upgrades features, the Maldives denies giving permits, IAMAI attracts big players, Huobi lists stablecoins, Binance opens in Uganda

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This week, Redditors not only followed the jumps of the rates, but also discussed such sign events as: Roger Ver talks about US Government, BCH founder tries to convey the importance of Bitcoin Cash, more businesses are switching to accepting cryptocurrencies, Fidelity takes a step forward… All that hot threads you can read in our Reddit-digest

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Reddit hosts tons of engaging discussions: you can learn somebody’s experience how to pay bills in cryptocurrency, you can speculate whether it is worth investing in Bitcoin and Ethereum right now or create a new thread — luckily, there are lots of occasions

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Crypto Bear Market is So Bad That an ICO is Day Trading its Holdings

Every day, the crypto market is on the verge of entering darker territory, and as prices continue to plunge, many cryptocurrencies have become the victims of sudden sell-offs. An initial coin offering (ICO) called Substratum has even taken to day trading its present ether holdings to make up for potential losses. In a YouTube video, a figure named Justin from the Substratum network announces that the company is opening the doors to a token swap set to begin on Monday, December 17. The smart contracts for the company will begin then and batch transactions will start happening over the Ethereum network. Old Crypto Becomes New Crypto Prior to this date, executives will be moving any remaining Ethereum tokens in their crowdsale wallet over to a new wallet. If a person’s tokens are on Binance, the switch will be occurring natively through the exchange. Thus, customers will not need to worry. If a customer’s tokens are locked up in a wallet for an airdrop, they too will not need to take any steps. The move from the present wallet to the new wallet will occur on its own time. All older tokens will become frozen and unusable while the new tokens will be transferred into customers’ wallets. The company is also moving from two decimal places to 18 decimal places, which representatives claim will make transactions faster and more efficient. The smart contract has been fully audited by Quantstamp; furthermore, 120 million old tokens have been burned thus far. They will not be coming over through the transfer but will rather disappear into what Justin calls “the ether.” These tokens are set to disappear completely. The transfer will not be done within a set timeframe. The transfer is indefinite and will last until all customers’ wallets have received their new tokens. Predicting What the Future Holds Substratum now has a full-time trader on staff, who has suggested that Ethereum is going to be continually tested over the coming months. The bear market is not letting up and he has stated that Ethereum could fall to as low as $60. Executives are not necessarily looking to cash out. Instead, they will be trading only a portion of the Ethereum they possess, which they claim will give them the chance to “trade up” and potentially earn a little revenue before the crypto market falls any further. Once the market becomes bullish again, Justin claims in the video that Substratum will be in a better place and will be able to create newer (and better) products. Do you foresee the market getting even worse before it gets better? Post your comments below. Image courtesy of Shuttershock The post Crypto Bear Market is So Bad That an ICO is Day Trading its Holdings appeared first on Live Bitcoin News.
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States Take Cryptocurrency Regulation Into Their Own Hands As US Federal Government Focuses On Blockchain

States Take Regulation Of Cryptocurrency In Their Own Hands, As US Federal Government Focuses On Blockchain Technology The regulation of cryptocurrency has been an ongoing problem for the United States (US). They have managed to outline particular processes involved with blockchain technology and have many trials that examine the way that it works in their industries. However, the fact that even government authorities have different classifications for the same token groups makes it hard to know how to handle them. As a result of the confusion, any states are working to become the friendliest places for cryptocurrency. Ohio even made an announcement recently that they would allow their residents to cover taxes with the use of crypto payments. In the meantime, the authorities are still in a state of confusion with defining and regulating the assets that clearly are in demand for residents. The ones making the most noise about the lack of organization of the federal policies aren’t stakeholders or even enthusiasts; these concerns also involve academics. Carol Goforth, a professor at the University of Arkansas, recently noted that there are presently four different regulators within the federal government that oversee how digital assets are dealt with, from their categorization to their issuance, and further. These four entities are the: Commodity Futures Trading Commission (CFTC) Securities and Exchange Commission (SEC) Financial Crimes Enforcement Network (FinCEN) Internal Revenue Service (IRS) The CFTC sees crypto assets as commodities, though the IRS shares a similar view in calling them property. The FinCen, which is run by the Treasury Department, regulates them with the same rules as fiat currency, but the SEC sees them much differently as securities. Professor Goforth expressed her skepticism that the regulatory entities would work together anytime soon, leading her to encourage the coordination between them for a more nuanced approach. As she puts it, her version of the rules would force the federal government to deal with each cryptocurrency as it is introduced, specifically identifying them by their functionality and the motivations of users. This is a path that at least one instance shows is happening within the federal regulators. The CFTC publicly requested details on the functionality of Ether and the Ethereum Network on December 11th. The document has 25 different questions that deal with the platforms purpose, functionality, scalability, and more. However, the effort to address a single asset by the CFTC isn’t necessarily a sign that the industry is turning towards the idea that the professor had in mind. None of the other regulators have taking this move and are holding on to the regulatory measures that they already have in line. Still, there’s always a chance that congressional legislators will make some changes in their framework. Darren Soto and Ted Budd, who are both US Representatives, brought in two bills on December 6th that will help with the improvement of regulatory framework and reduce the risk of price manipulation. These bills are called the Virtual Currency Consumer Protection Act of 2018 and the U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018, respectively. These two bills offer specific regulatory changes that could be made for the process to be smoother for exchanges, users, and everyone else involved. The first bill discusses that many situations that can arise in the market for price manipulation. The other requests an in-depth study that aims to improve the “burdensome regulations that may inhibit innovation.” Warren Davidson, the representative of Ohio, spoke at a conference in Cleveland where he noted his intent to bring in a new bill that would create a new asset class for tokens. As such, the regulation of initial coin offerings (ICOs) would become significantly less difficult. A week later, Davidson suggested a crowdfunding event to help with the creation of the US-Mexico border wall, which would include the use of blockchain and “wall coins.” Even though there appears to be a significant lack of clear regulations regarding cryptocurrency, blockchain technology is already being applied to daily operations. The use of this ledger with supply chain logistics is easily its biggest application, and federal authorities are looking to use it for food safety as well, especially considering the recent E. coli outbreak. The Department of Homeland Security announced their intention to use the technology as a way to protect their own activities. Their three subsidiaries are working together for a clear record of documentation that will help with fraud, counterfeiting, and forgery. The defense authorities for the federal government recently established an app that would help the members of the armed forced to learn how to use blockchain technology for the supply chain as well.
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Bitcoin Supporter Says Crypto is Unconfiscatable as Long as It’s Not in Regulated Exchanges

Bitcoin has many different features, but one of the most important is the fact that users are the real owners of their funds as long as they keep their private keys. However, when users have their funds stored in exchanges, Bitcoin can be confiscated. During a Q&A session during a Tampa Meetup, he said that Bitcoin being non confiscatable applies to exchanges that are not regulated. In general, centralized virtual currency exchanges are not a safe place where to store funds. The company behind the exchange is able to manage the funds as it considers, block some accounts and even experience security issues. If Bitcoin wants to remain non confiscatable, the best what a person can do is to store them in cold storage wallets. No one is able to move the funds from there unless they have the private keys. At the same time, he said that Bitcoin does not have just a single price because there are different markets listing it. He compared the price of Bitcoin (BTC) with Apple stock explaining that Apple’s stock price is determined by supply and demand in just one place. He has also talked about Bitcoin ETF and the fact that to have a stable price of Bitcoin everything needs to sit in one place. He went on saying that having all the BTC in one place is a risk even when it creates a more stable market. For example, he emphasized the fact that if all the BTC are located in just one exchange, hackers might focus only on it. Furthermore, the US government would also have the possibility to confiscate the BTC that users own or trade them. There are several crypto platforms that are regulated, including exchanges such as Coinbase or Gemini. Governments would be able to confiscate the funds that users have on these exchanges, thus deleting one of Bitcoin’s main characteristics. Moreover, he said that Bitcoin being under the control of governments is not positive for the space. A lot of people would completely lose the faith in the popular virtual currency. This is exactly what Satoshi Nakamoto was trying to avoid when it created Bitcoin.
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Hong Kong Businessmen Targeted by Bitcoin Bomb Threats After Recent USA and Canada Attempts

There have been many different ways to steal funds from individuals in the cryptocurrency market. However, a new methodology has been applied in Hong Kong and other countries such as the United States. According to a recent report released by the South China Morning Post, businessmen in Hong Kong are being targeted by criminals that want to steal Bitcoin from them. These scammers try to steal Bitcoins from victims by threatening them that they will receive a bomb if they don’t send Bitcoins in the time span the scammers provide. One of the affected individuals is Michael Gazeley, the CEO of Network Box. He received a message in his business email with this Bitcoin bomb threat. Furthermore, he said that he had to pay $20,000 if he wanted to avoid receiving a bomb in his office. Gazeley said to the news outlet: “This looks like the third wave of blackmail emails plaguing the world in the past few years… I have never seen something like this, which sounds like cyberterrorism, in my 20-year career in cybersecurity.” Nevertheless, he was 99.99% sure that the message was not worth. Indeed, he mentioned that the email had some typo mistakes and the grammar used was not exactly good. That shows that the main intention is to take a few bucks from some individuals rather than really bombing an office. Hong Kong authorities did not provide further information about this issue, thus it is not possible to know the exact number of companies affected by these threats. This is not the first time that there are Bitcoin bomb threats around the world. A few days ago, as reported by NBC New York. Hoax bomb threats spread asking users to pay in Bitcoin. The New York Police Department (NYPD) informed on Twitter that there was an email circulating that contained a threat asking for a Bitcoin payment. However, they say that they did not find any devices in some of the places where the threat arrived. Please be advised – there is an email being circulated containing a bomb threat asking for bitcoin payment. While this email has been sent to numerous locations, searches have been conducted and NO DEVICES have been found. — NYPD NEWS (@NYPDnews) December 13, 2018 The NYPD went on explaining that the threats are meant to cause disruption and/or obtain money in a fast way. Although the police will be responding to the calls made by the community, they believe that the threats are likely ‘not credible.’ This is not the first time that there are scammers trying to steal Bitcoin and other virtual currencies from users. Earlier this year, scammers on Twitter were asking for Bitcoin and ETH deposits using fake accounts that stole famous people’s identities.
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