Bitcoin ABC news

A full-node client of Bitcoin Cash.

World latest news

Knowing the developers: an analysis of Bitcoin ABC and Bitcoin Unlimited

As part of knowing the developers, we will be taking a look at Bitcoin Cash and its two most popular repositories, Bitcoin ABC and Bitcoin Unlimited. This is the first cryptocurrency we will be looking at that is a fork of Bitcoin (BTC). In August of 2017, conflict grew over increasing the “block size” of the network. This would have raised the maximum number of transactions a single block could contain. Despite consensus and concerns, some developers decided to move forward and increase the block size themselves, thus creating an entirely new network, Bitcoin Cash. When looking at the number of contributors or commits, it is important to note because a fork like Bitcoin Cash will share the same history in its source code up until the point the two split off, and as result Bitcoin’s commit history also ends up on Bitcoin Cash’s repository. Join Genesis now and continue reading, Knowing the developers: an analysis of Bitcoin ABC and Bitcoin Unlimited!
The Block Crypto

SBI President: “I was About to Promote Bitcoin Cash but Bitcoin ABC and SV happened”

The president of Japanese financial giants, SBI, Yoshitaka Kitao has revealed that he intended to promote Bitcoin Cash. However, he did not proceed with the plan due to a contentious hard fork that split the Bitcoin Cash into Bitcoin ABC and Bitcoin SV. He was candid admitting that “he is not a fan of cryptocurrencies that regularly forks”. In the discussion, Kitao says:  “Coins that frequently hard fork are ridiculous. I was going to promote BCH, but Jihan and Craig ended up fighting, and ABC and SV were born. Jihan side won and inherited the name BCH, but I decided to quit both. This caused the market cap for both coins to fall.” Yoshitaka was straight forward, saying that he would have promoted the coin before Nov-2018 hard fork but the rift between Jihan Wu–the former CEO of Bitmain, and Craig Wright, the self-proclaimed Satoshi Nakamoto, changed his mind. With the misunderstanding between the two leading to the creation of Bitcoin SV, Kitao said he decided to quit both coins. And he was right, because after the split, the space went on a death spiral with Bitcoin Cash sinking 50 percent and at some point trading at parity with Bitcoin SV. Right. In an instant the doubles the supply but not the resources to develop and work on actual use case. So what’s the value? They think it’s like 2/1 stock split. But that scenario is only worthwhile when a company has the fundamentals. BCH does not, not with morons in charge.— Ripple Rob (@RobRipple) April 27, 2019 So far, the controversy surrounding Craig Wright and Calvin Ayre has seen Bitcoin SV removed from some cryptocurrency exchanges like Kraken, Binance, and ShapeShift. Nonetheless, Craig Wright continues to claim he is the real Satoshi Nakamoto, the anonymous inventor of Bitcoin–who for some reason John McAfee says he can out him. Even though he is adamant, he is yet to provide evidence to support his assertion and because of this he is often labelled a fraud–or faketoshi. SBI Role in Crypto SBI Holdings is a big crypto player, driving adoption in Japan, a country that is open towards technology, protecting consumers but at the same time drawing revenue from an industry projected to print multi-trillion capitalization in the next few years. Yoshitaka is the brains behind SBI Holding and after forming the firm in 1999, the company delved into crypto and in June last year, launched its cryptocurrency exchange dubbed VCTrade. Starting NOW. SBI Virtual Currency (VC Trade) Website "acceptance of new account opening application", Age 20-70 years old can open an account and start trading. Go Go Go!#XRP #Ripple #xrpthestandard #XRPCommunity #xrpnews #SBIVC https://t.co/lHWBDlaYGG— CryptoEri (@sentosumosaba) July 17, 2018 Even so, SBI is an ardent supporter of Ripple (XRP) as they believe that its large customer base across the globe would accept XRP with Ripple bridging the gap between financial institutions and blockchain companies. To that end, SBI leverages Ripple’s technologies and XRP to carry out cross-border transactions at a faster and cheaper rate. Last month, the company revealed that it has put together a new subsidiary that would manufacture crypto mining chips and systems. The firm called SBI Mining Chip Co. (SBIMC) is part of the company’s efforts to boost its digital-related ventures. The post SBI President: “I was About to Promote Bitcoin Cash but Bitcoin ABC and SV happened” appeared first on Ethereum World News.
Ethereum World News

UnitedCorp Files Opposition to Dismiss in its Suit Alleging Hijacking of the Bitcoin Cash Network by Bitmain Group, Bitcoin.com, Roger Ver, Jesse Powell, Kraken and Bitcoin ABC Developers

MIAMI, March 20, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE --  Miami-based United American Corp ("UnitedCorp") (OTC:UAMA) announced today that their legal counsel Akerman LLP has filed a Consolidated Opposition to Defendant's Motions to Dismiss Complaint in its suit against Bitmain Group, Bitcoin.com, Roger Ver, Jihan Wu, Kraken, Jesse Powell, Amaury Sechet, Shammah Chancellor and Jason Cox (the "Defendants"). The opposition was filed after the Defendants filed a motion to dismiss the UnitedCorp action on February 1st 2019. The suit is the first antitrust action brought in the United States involving the cryptocurrency industry. It alleges that the Defendants collectively engaged in unfair methods of competition, and through a series of deceptive and unfair practices, manipulated the Bitcoin Cash network for their benefit and to the detriment of UnitedCorp and other Bitcoin Cash stakeholders. Their alleged actions resulted in the network losing more than US $4 billion in value as a direct result of the alleged hijacking of the network, in addition to a forced network fork with the implementation of their specific new rules set in the Bitcoin ABC 0.18.5 version under the control of the Defendants. UnitedCorp alleges that these new rules set have irreparably harmed the Bitcoin Cash blockchain network and Bitmain, along with the co-Defendants, should be held liable. UnitedCorp alleges that the Defendants colluded to effectively hijack the Bitcoin Cash network after the November 15, 2018 scheduled software update with the express intent of centralizing the network. This includes allegations that Roger Ver, along with Kraken and developers of Bitcoin ABC, colluded with Chinese-based and Chinese government-financed mining rig manufacturer Bitmain to unfairly redirect hashing power at the exact moment of the scheduled software update, forcing the implementation of Bitcoin ABC software centric checkpoints and thereby moving the network away from its native Bitcoin-based blockchain design. UnitedCorp also believes that the attempt to dominate the network in favor of a particular Bitcoin ABC version was enhanced by Bitmain's use of firmware known as "Overt ASICBoost" which provides significantly increased operational mining efficiency. This firmware was made available in advance of the last Bitcoin Cash update by Bitmain only to Bitcoin ABC-supported pools, which are operated by Bitcoin.com which is owned by ...Full story available on Benzinga.com
Benzinga

Bitcoin Cash Network by Bitmain Group, Bitcoin.com, Roger Ver, Jesse Powell, Kraken and Bitcoin ABC Developers

MIAMI, March 20, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE --  Miami-based United American Corp ("UnitedCorp") (OTC:UAMA) announced today that their legal counsel Akerman LLP has filed a Consolidated Opposition to Defendant's Motions to Dismiss Complaint in its suit against Bitmain Group, Bitcoin.com, Roger Ver, Jihan Wu, Kraken, Jesse Powell, Amaury Sechet, Shammah Chancellor and Jason Cox (the "Defendants"). The opposition was filed after the Defendants filed a motion to dismiss the UnitedCorp action on February 1st 2019. The suit is the first antitrust action brought in the United States involving the cryptocurrency industry. It alleges that the Defendants collectively engaged in unfair methods of competition, and through a series of deceptive and unfair practices, manipulated the Bitcoin Cash network for their benefit and to the detriment of UnitedCorp and other Bitcoin Cash stakeholders. Their alleged actions resulted in the network losing more than US $4 billion in value as a direct result of the alleged hijacking of the network, in addition to a forced network fork with the implementation of their specific new rules set in the Bitcoin ABC 0.18.5 version under the control of the Defendants. UnitedCorp alleges that these new rules set have irreparably harmed the Bitcoin Cash blockchain network and Bitmain, along with the co-Defendants, should be held liable. UnitedCorp alleges that the Defendants colluded to effectively hijack the Bitcoin Cash network after the November 15, 2018 scheduled software update with the express intent of centralizing the network. This includes allegations that Roger Ver, along with Kraken and developers of Bitcoin ABC, colluded with Chinese-based and Chinese government-financed mining rig manufacturer Bitmain to unfairly redirect hashing power at the exact moment of the scheduled software update, forcing the implementation of Bitcoin ABC software centric checkpoints and thereby moving the network away from its native Bitcoin-based blockchain design. UnitedCorp also believes that the attempt to dominate the network in favor of a particular Bitcoin ABC version was enhanced by Bitmain's use of firmware known as "Overt ASICBoost" which provides significantly increased operational mining efficiency. This firmware was made available in advance of the last Bitcoin Cash update by Bitmain only to Bitcoin ABC-supported pools, which are operated by Bitcoin.com which is owned by ...Full story available on Benzinga.com
Benzinga

Ripple (XRP) and Bitcoin Cash (Bitcoin ABC) Surge!

Cryptocurrencies are absolutely booming this morning, just in time for the holidays! All but five digital currencies that are in the top 100 are trading green. This is quite a shift, as 2018 has been a negative year for digital currencies. Today, we’ll take a look at Ripple (XRP) and Bitcoin Cash (Bitcoin ABC). Ripple (XRP) The CEO of Ripple, Brad Garlinghouse, sat down yesterday for a ‘Ask Me Anything‘ chat with the company’s VP of Marketing. Monica Long asked Garlinghouse a series of questions surrounding Ripple and XRP. Of course, she asked Mr. Garlinghouse if ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Crypto Currency News
More news sources

Bitcoin ABC news by Finrazor

Trending

Hot news

Hot world news

HUGE Altcoin Updates! Stellar, Binance US, Tomochain, Digibyte, NEO, Monero, Bitcoin Bakkt

Binance Adds BNB to Binance US https://finance.yahoo.com/news/binance-us-adding-7th-coin-102155751.html A brief history of the world of crypto. Plus, all of the latest news and updates from the Stellar Developers ecosystem https://medium.com/stellar-community/stellar-dev-digest-issue-14-ea71609a22b0 How TomoChain’s TomoZ intends to take on Ethereum market share! https://twitter.com/TomoChainANN/status/1173152916888096768 https://twitter.com/Altcoinbuzzio/status/1172575745584971777 https://www.altcoinbuzz.io/crypto-news/product-release/how-tomochains-tomoz-intends-to-take-on-ethereum-market-share/ Virtual Rehab with Virtual Reality is now solving real-world problems https://cryptodaily.co.uk/2019/09/apple-entry-blockchain-via-rumoured-vr-project https://www.zerohedge.com/news/2019-09-09/virtual-reality-now-solving-real-world-problems Celer Network and NEO Are Launching a Partnership https://www.altcoinbuzz.io/crypto-news/partnerships/celer-network-and-neo-are-launching-a-partnership/ Bitcoin #Bakkt Tweet https://twitter.com/Bakkt/status/1173683919687966720 Big! #Monero ready to use Zcoin’s Privacy protocol https://www.altcoinbuzz.io/crypto-news/product-release/big-monero-ready-to-use-zcoin-privacy-protocol/ #digibyte lists on UpHold https://twitter.com/DigiByteCoin/status/1173623829652004866 #bitcoin #cryptocurrency #altcoin #altcoins #crypto #btc $BTC #bitcoinprice #ethereum #electroneum #cardano #enjin #crypto.com #hpb #digibyte #bitcoinnews #btcnews #libra #chainlink #ripple #xrp #xrpripple #binance #bitcoinnewstoday #cryptonews #litecoin #cryptocurrencynews #news Bitcoin cryptocurrency altcoin altcoins crypto btc $BTC bitcoin price ethereum electroneum enjin crypto.com cardano digibyte bitcoin news btc libra chainlink ripple xrp ripple Binance bitcoin news today crypto news Litecoin cryptocurrency news hpb high performance blockchain $xrp $enj $etn $ltc $dgb $ada NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
Altcoin Buzz

Celsius Network Offers up To 12% APR on USDC, TUSD, USDT and Other Stablecoins

The Celsius app offers the industry highest rates and supports six different stablecoins all eligible to earn up to 12.03% annually with interest paid out weekly Celsius Network (https://celsius.network/), the industry-leading cryptocurrency platform, announces today it has increased interest rates for stablecoin deposits to 12.03% APR. Users who choose to earn interest in Celsius Network's blockchain-based CEL token can earn up to 30% more than the 9.25% depositors who are paid in-kind on their coins. Celsius is raising its rates because it is consistently earning higher returns on its deposits and distributes 80% of its income to its depositors; as it earns more, it distributes more. Unlike other platforms, ...Full story available on Benzinga.com
Benzinga

VanEck, SolidX Pull Bitcoin ETF Filing From SEC Consideration

Less than two weeks after VanEck and SolidX rolled out the VanEck SolidX Bitcoin Trust ETF (XBTC), a bitcoin exchange traded product aimed at institutional investors, the firms said they're withdrawing plans for bitcoin exchange traded fund aimed at a broader swath of investors. What Happened The ETF issuer and the fintech firm pulled the filing from consideration by the Securities and Exchange Commission on Sept. 13. The agency had delayed an ultimate decision on that product, as it has with various other bitcoin ETF proposals, several times, but was facing a hard and fast deadline of Oct. 18 to approve or disapprove the VanEck SolidX Bitcoin Trust. “Tuesday’s filing marks the second time VanEck and SolidX withdrew the proposed ETF. ...Full story available on Benzinga.com
Benzinga

IOTA Introduces Chronicle Permanode to Amend Scalability Issues

IOTA, a permissionless trust protocol designed to revolutionize the Internet of Things (IoT) ecosystem by facilitating a frictionless exchange of value between machines and humans, has announced the launch of Chronicle, a permanode solution the team hopes will give node operators an unlimited amount of storage space in their Tangle distributed database, according to aRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Wells Fargo Plans Blockchain-Based Internal Settlement Services

The world’s fourth-largest bank, Wells Fargo, announced plans to use its digital token to pilot internal settlement services, which would run on its distributed ledger technology (DLT) platform. Per the press release September 17, 2019, the pilot project is expected to take off in 2020 and would initially focus on USD transfers.  Digital Token forRead MoreRead More. The post by Anthonia Isichei appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.