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Bitcoin Cash's Roger Ver denounces U.S. Government after Griffith's arrest

In a weekly video uploaded on YouTube, Roger Ver, a renowned proponent of Bitcoin Cash, spoke of the recent developments associated with the crypto-space. A key focus of this video was the arrest of VThe post Bitcoin Cash's Roger Ver denounces U.S. Government after Griffith's arrest appeared first on AMBCrypto.
AMBCrypto

Roger Ver Says Bitcoin Cash (BCH) Has The Potential To Soar 1000x

Early bitcoin investor and Bitcoin Cash (BCH) evangelist Roger Ver appeared in an interview with CNBC’s Power Lunch to share his views about the recent market downturn and where he perceives Bitcoin Cash heading next. He used the platform to promote Bitcoin Cash (BCH) as the superior solution and also make an insanely bold prediction about the coin’s potential. Cryptocurrencies Are Here To Stay Speaking about the recent bloodbath, Ver suggested zooming out and looking at the bigger picture: “Both bitcoin and bitcoin Cash are up about double in the last year, and they’re up a couple of thousand percent over the last five years.”  This is true for bitcoin (BTC). Bitcoin Cash, on the other hand, was birthed in August 2017 and has shed half of its value since then. Be that as it may, Roger believes that cryptocurrencies are here to stay, despite the recent slump. BCH Could Shoot Up 1000x Since peaking above $3,900 in 2017, BCH has been struggling to keep its head above water. In fact, Tether (USDT) displaced it from the fourth position late-September and up until now, BCH has been unable to reclaim its position. Nevertheless, Ver thinks it can surge “a thousand times” because it’s set to become a “peer to peer electronic cash for the entire world”. This is pretty bold considering BCH is currently valued at $222.25 with a $4.03 billion market cap. Going up a thousand times would mean that BCH would have a market capitalization of 4 trillion dollars.  At the risk of sounding like a naysayer, this is quite impossible. But, Ver believes BCH’s ability to conduct fast and very cheap transactions across the world is what will attract the masses to the asset. He also asserts that BCH is accepted by numerous physical shops across the globe and has more infrastructure built on it compared to other cryptocurrencies. Ver then went ahead to take a dig at Bitcoin core, espousing the view that the technology and user experience that made the King crypto popular is now known as Bitcoin Cash. According to him, this is the reason astute investors are attracted to Bitcoin Cash because it champions the economic characteristics that made bitcoin sought-after in the first place. Nonetheless, the crypto market already decided it wants more BTC and less BCH. Price-wise, bitcoin (BTC) is up 96.8 percent year-to-date while Bitcoin Cash has only garnered 22.3 percent YTD. Bitcoin (BTC) Advocates Disagree As expected, these comments did not sit well with bitcoin supporters. The Director of Business Development at Kraken cryptocurrency exchange and well-known bitcoin (BTC) backer Dan Held stated: “Hey @JoeSquawk, what’s up with this reporting on bcash by CNBC? Roger is saying factually incorrect information about adoption and identity.” Another BTC supporter pointed out the fact that Bitcoin Cash’s hash rate pales in comparison to BTC’s. The post Roger Ver Says Bitcoin Cash (BCH) Has The Potential To Soar 1000x appeared first on ZyCrypto.
ZyCrypto

Bitcoin Cash's Roger Ver claims govts. cannot shut down cryptocurrencies overnight

The Bitcoin Cash community rejoiced recently after Roger Ver aka Bitcoin Jesus revealed that he would spend $200 million on developments pertaining to the BCH ecosystem. While Ver has been at the foreThe post Bitcoin Cash's Roger Ver claims govts. cannot shut down cryptocurrencies overnight appeared first on AMBCrypto.
AMBCrypto

Bitcoin Cash Could Go Up 1000x, Roger Ver Says

Former Bitcoin.com CEO, Roger Ver, was shilling Bitcoin Cash on CNBC’s Power Lunch yesterday. During the interview, Ver maintained his position that BCH “is the real Bitcoin”, and suggested that it could go up in price by 1000 times the current value. Ignore Local Crashes; Crypto Is Here To Stay Ver first defended the past month’s performance of cryptocurrency prices across the board. He suggested that it wasn’t fair to look at it that way, and that we must consider a longer term outlook. Both Bitcoin Cash and Bitcoin are up [by] about double in the last year, and they’re up a couple of thousand percent over the last five years. [0:16] Very true, except the bit about BCH being up over the last five years. BCash launched two years ago, started trading at about $440, and is now trading at around $220, or 50% down. But do carry on… I think cryptocurrencies are here to stay; they’re not going anywhere. But the… really interesting one is bitcoin cash. I think it has the ability to go up a thousand times what it is currently, because it’s looking to become peer-to-peer cash for the entire world. [0:30] Ver went on to claim that BCash has more physical shops accepting it around the world, and more infrastructure being built on top of it. He then claims that, “it really is an amazing investment.” From His Point Of View, Ver Hasn’t Switched Allegiance Referring to his history as an early investor in Bitcoin, who then seemingly switched allegiance to Bitcoin Cash, Ver claimed that from his point of view he had not switched anything. He was initially excited about Bitcoin’s ability to be used as peer-to-peer electronic cash for the world. The fact that you could send any amount to anybody else, anywhere in the world for basically free, and there was nothing anybody could do to stop it. Whilst Bitcoin has started to be seen as more of an investment, Bitcoin Cash was designed to preserve this ability, and Ver claims that it still does. However, he then claims that he believes the “smart money” is putting its money on Bitcoin Cash today. But why? If BCH is supposed to retain the P2P global cash mantle then it doesn’t need to be an investment. It might as well be a stable-coin. Is Bitcoin Cash An Investment Or Cash? The message seems to be a little bit unclear. If BCash is pitching itself as P2P global cash rather than investment, and Ver genuinely has “tens of thousands of new signups every single day on Bitcoin.com,” then why does he need to appear on CNBC, shilling a ‘potential’ 1000x price gain? Perhaps because spending $200 million on improving infrastructure, and getting shops to accept BCH, will not drive much-needed traffic to the platform. Telling them that their ‘investment’ could go up thousands of percent however, might, But then, don’t we already have Bitcoin for that? Do you agree with Roger’s latest Bitcoin Cash prediction? Add your thoughts below! Images via Shutterstock The post Bitcoin Cash Could Go Up 1000x, Roger Ver Says appeared first on Bitcoinist.com.
Bitcoinist

Bitcoin Cash could surge by a thousand times: Roger Ver

Despite many developments in the Bitcoin Cash ecosystem, the world's most dominant stablecoin, Tether, has overtaken BCH in terms of market cap. Towards the end of 2017, the coin was trading at a highThe post Bitcoin Cash could surge by a thousand times: Roger Ver appeared first on AMBCrypto.
AMBCrypto

Roger Ver’s firm to set up $200M investment fund to boost bitcoin cash adoption

Bitcoin.com, the firm backed by cryptocurrency investor Roger Ver, is planning to set up a $200 million investment fund to boost bitcoin cash (BCH) adoption. The fund, dubbed “BCH Ecosystem Investment Fund,” will invest in and incubate payment-related startups that utilize the BCH blockchain and BCH, the world’s fourth-largest cryptocurrency at present. The fund is targeting businesses like payment gateways, remittance processors and wallets, according to an announcement Wednesday. “Bitcoin.com receives between 6 to 8 business plans every day from software entrepreneurs leveraging the unique features and capabilities of the Bitcoin Cash blockchain. Bitcoin.com now has the resources and team to support these BCH entrepreneurs, grow the value of their businesses and spread bitcoin cash adoption,” said Bitcoin.com CEO Stefan Rust, who took over the role in August from Roger Ver, who then moved on to the role of executive chairman. No concrete details yet  The firm is yet to finalize details of the fund but said it will allow other institutional investors to join it. Projects, looking to get investment via the fund, will “very soon” be able to submit their business plans to Bitcoin.com via a “dedicated landing page.” Rust has identified up to 20 institutional investors who satisfy “stringent” due diligence requirements, per the announcement. Bitcoin.com said it would charge a fee helping institutional investors manage the fund, on top of the fees to access the underlying payment businesses. “There is so much great infrastructure and businesses being built in the Bitcoin Cash ecosystem every day. Bitcoin.com is going to accelerate the development with our million-dollar ecosystem investment fund,” said Ver. Several initiatives  Bitcoin.com has recently taken a number of initiatives to grow the BCH ecosystem. Last month, the firm acquired Japanese blockchain development startup O3 Labs to build financial services mobile apps using the BCH network. Rust said at the time that Bitcoin.com aims to give users "the ability to manage, grow, and spend [money] ... without the need for traditional banks or financial intermediaries” via these apps. Bitcoin.com also recently launched a cryptocurrency exchange and was also preparing to launch futures contracts for BCH on a Commodity Futures Trading Commission (CFTC)-regulated exchange. In Wednesday’s announcement, the firm said the BCH futures contract could launch by the first quarter of 2020.
The Block Crypto
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Roger Ver news by Finrazor

DIGEST

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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DIGEST

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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OPINION

BCH, we need to talk: what can be the main problem

'Bitcoin Cash may be hard forked in November. Two groups of developers can't agree on its features, releasing their own clients, Bitcoin ABC and Bitcoin SV, incompatible with previous software.' Two coins, two original Satoshi visions. Which one is 'truest'? Will both of them qualify as the vision?

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Price Analysis 09/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, XTZ

Price Analysis 09/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, XTZ China could start its pilot for the central bank digital currency (CBDC) before the end of this year, according to local news outlet Caijing. The article states that the anticipated pilot project “will go out of the central bank system and enter […] Cet article Price Analysis 09/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, XTZ est apparu en premier sur Bitcoin Central.
Bitcoin Central

EOS Price Hit after Getting a C- in Decentralization by Weiss

Blockchain project EOS started this week on a negative note after an independent agency downgraded its rating from B to C-. Weiss Crypto Ratings published a report on December 6 wherein it demoted EOS to lower ranks over its centralization. The agency noted that just 0.01 percent of the EOS token holders control over 68 percent of the voting power on its blockchain. That allows a handful of entities to practice censorship over hundreds of thousands of EOS investors. In comparison, provable decentralized projects like Bitcoin works across 9,300 nodes to confirm and validate transactions atop its blockchain. 1/6 We’ve had great respect for work and thinking that went into the #EOS project. But the Weiss Crypto Ratings model is not based on opinion. It’s driven by data. And that data has now caused a downgrade from B to C-. Here's why (full article to be published soon): — Weiss Crypto Ratings (@WeissCrypto) December 6, 2019 EOS spent a quiet weekend but its value eventually took a toll during the Monday session. The EOS-to-dollar exchange rate was down by $0.083, or 3.02 percent, as of 1658 UTC. Against bitcoin, the cryptocurrency did relatively better, falling about 1.64 percent to trade at 359 sats. The market capitalization likewise took a plunge roughly worth $500 million to settle a low at $2.534 billion. At its December peak, it was $2.613 billion. Ascending Channel The latest move downside brought EOS close to retesting the support of an Ascending Channel. While the lower trendline certainly capped the price from falling further downward, the negative sentiment arising from the Weiss report could weaken it in the near-term. The bearish case prompts EOS to retest to close below the Channel Support and target 304-342 sats area as an accumulation range. In the event of a breakdown, traders could extend their short position towards 284 sats while keeping a stop loss above the level at which they had entered the trade. EOS is trending inside an ascending channel | Source: TradingView.com, Coinbase On the other hand, the price has not failed to reach the upper levels so far. A pullback action from Channel support could push EOS back towards the Channel resistance. Traders with low-risk appetite could use the bounce-back as an opportunity to open a fresh long position 405 sats. Meanwhile, they could minimize risks by maintaining a stop-loss order just below the Channel support. A Consideration From a fundamental point of view, investors who were bullish on EOS might find it hard to digest its centralization issues. The sentiment could prompt some to switch their positions for tokens with more attractive opportunities. Such a scenario could suit the breakdown scenario as discussed above. Meanwhile, traders can look to accumulate EOS ahead of the launch of Voice. EOS creator Block.One on Thursday announced that it would launch the EOS-based social media platform on February 14. While the announcement did not help neutralize trading sentiments immediately, traders can still speculate on the Voice launch to make interim profits. One could watch out for a reversal from Channel resistance – a sign that traders are processing the Voice news – and place his/her upside positions. EOS Price Hit after Getting a C- in Decentralization by Weiss was last modified: December 9th, 2019 by Yashu GolaThe post EOS Price Hit after Getting a C- in Decentralization by Weiss appeared first on NewsBTC.
NewsBTC

EOS Price Hit after Getting a C- in Decentralization by Weiss

Blockchain project EOS started this week on a negative note after an independent agency downgraded its rating from B to C-. Weiss Crypto Ratings published a report on December 6 wherein it demoted EOS to lower ranks over its centralization. The agency noted that just 0.01 percent of the EOS token holders control over 68 percent of the voting power on its blockchain. That allows a handful of entities to practice censorship over hundreds of thousands of EOS investors. In comparison, provable decentralized projects like Bitcoin works across 9,300 nodes to confirm and validate transactions atop its blockchain. 1/6 We’ve had great respect for work and thinking that went into the #EOS project. But the Weiss Crypto Ratings model is not based on opinion. It’s driven by data. And that data has now caused a downgrade from B to C-. Here's why (full article to be published soon): — Weiss Crypto Ratings (@WeissCrypto) December 6, 2019 EOS spent a quiet weekend but its value eventually took a toll during the Monday session. The EOS-to-dollar exchange rate was down by $0.083, or 3.02 percent, as of 1658 UTC. Against bitcoin, the cryptocurrency did relatively better, falling about 1.64 percent to trade at 359 sats. The market capitalization likewise took a plunge roughly worth $500 million to settle a low at $2.534 billion. At its December peak, it was $2.613 billion. Ascending Channel The latest move downside brought EOS close to retesting the support of an Ascending Channel. While the lower trendline certainly capped the price from falling further downward, the negative sentiment arising from the Weiss report could weaken it in the near-term. The bearish case prompts EOS to retest to close below the Channel Support and target 304-342 sats area as an accumulation range. In the event of a breakdown, traders could extend their short position towards 284 sats while keeping a stop loss above the level at which they had entered the trade. EOS is trending inside an ascending channel | Source: TradingView.com, Coinbase On the other hand, the price has not failed to reach the upper levels so far. A pullback action from Channel support could push EOS back towards the Channel resistance. Traders with low-risk appetite could use the bounce-back as an opportunity to open a fresh long position 405 sats. Meanwhile, they could minimize risks by maintaining a stop-loss order just below the Channel support. A Consideration From a fundamental point of view, investors who were bullish on EOS might find it hard to digest its centralization issues. The sentiment could prompt some to switch their positions for tokens with more attractive opportunities. Such a scenario could suit the breakdown scenario as discussed above. Meanwhile, traders can look to accumulate EOS ahead of the launch of Voice. EOS creator Block.One on Thursday announced that it would launch the EOS-based social media platform on February 14. While the announcement did not help neutralize trading sentiments immediately, traders can still speculate on the Voice launch to make interim profits. One could watch out for a reversal from Channel resistance – a sign that traders are processing the Voice news – and place his/her upside positions. EOS Price Hit after Getting a C- in Decentralization by Weiss was last modified: December 9th, 2019 by Yashu GolaThe post EOS Price Hit after Getting a C- in Decentralization by Weiss appeared first on NewsBTC.
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