BITCOIN CASH

Bitcoin Cash Is Now Two Blockchains – That Might Not Change Anytime Soon

Bitcoin Cash Is Now Two Blockchains – That Might Not Change Anytime Soon

BITCOIN CASH, Coin Desk
It’s been six days since the bitcoin cash split and neither side looks ready to call it quits. What’s more, cryptocurrency exchanges that froze holdings of bitcoin cash in lead-up to Thursday’s contentious hard fork activation are beginning to warm up to idea that bitcoin cash may forever remain two cryptocurrencies. On Tuesday, Coinbase, one of the largest U.S.-based cryptocurrency exchanges, affirmed it was “now prepared to resume limited trading in [bitcoin cash],” designating the Bitcoin “Adjustable Blocksize Cap” or Bitcoin ABC chain with the bitcoin cash (BCH) ticker. In addition, Coinbase added that its intention was to eventually “support withdrawal services for the [Bitcoin Cash “Satoshi Vision” or Bitcoin SV] chain” but that development work for this would likely take “at least a
Bitcoin Cash Price Analysis: BCH/USD Recovery Faces Hurdle Near $280

Bitcoin Cash Price Analysis: BCH/USD Recovery Faces Hurdle Near $280

BITCOIN CASH, NEWSBTC
Key PointsBitcoin cash price declined further and traded close to the $200 support against the US Dollar.This week’s followed important bearish trend line is still in place with resistance at $280 on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair could find it difficult to clear the $275 and $280 resistance levels in the near term.Bitcoin cash price tested the $200 support area and recovered against the US Dollar. However, BCH/USD is facing a solid resistance near the $280 level.Bitcoin Cash Price AnalysisYesterday, we discussed that bitcoin cash price could slide further towards $200 against the US Dollar. The BCH/USD pair did decline further and traded below the $240 and $220 support levels. It traded close to the $200 level and settled below the 100 hourly simple
Bitcoin Cash SV’s ‘Blockchain Reorg’ Likely an Accidental Split, Not an Attack

Bitcoin Cash SV’s ‘Blockchain Reorg’ Likely an Accidental Split, Not an Attack

BITCOIN CASH, Coin Desk
Bitcoin Cash “Satoshi’s Vision” – otherwise called Bitcoin SV – suffered a block reorganization Monday by which transactions on two different blocks were overwritten. Though it is possible these two blocks may have been maliciously overwritten by outside attackers, the most likely explanation for the temporary block reorg was due to an overload in transaction activity caused by a planned stress test. Aimed at being “the biggest test ever conducted on any public blockchain” on its official webpage, the self-proclaimed Bitcoin Cash Professional Stress Test group is largely made up of Bitcoin SV proponents who wanted to “showcase the Bitcoin [Cash] network capacity.” The group planned to send more than 24 million transactions to see how each network would handle the volume following the bitco
Kraken Gives BSV the Evil Eye, Calls It ‘Extremely High-Risk’

Kraken Gives BSV the Evil Eye, Calls It ‘Extremely High-Risk’

BITCOIN, BITCOIN CASH
San Francisco-based digital currency exchange Kraken is calling Bitcoin SV (BSV) an “extremely high-risk investment.”What Is BSV?Bitcoin SV is the “child” of Bitcoin Cash, the new currency that’s resulted from the recent hard fork. Just as Bitcoin Cash emerged from a Bitcoin fork in August 2017, it now seems Bitcoin Cash is producing spawn of its own. However, Kraken – one of the most popular digital currency exchanges in the western hemisphere – doesn’t seem to trust it and is warning investors to think twice if they decide to engage in BSV trading.In a recent blog post, Kraken officials state that Bitcoin SV doesn’t satisfy all the exchange’s listing requirements and that traders should be extremely careful. It reads:WARNING: Bitcoin SV does NOT meet Kraken’s usual listing requirements.
OKEx Blasts ‘Defamatory’ Allegations Amid BCH Futures Settlement Furor

OKEx Blasts ‘Defamatory’ Allegations Amid BCH Futures Settlement Furor

BITCOIN CASH, Coin Desk
Cryptocurrency exchange OKEx has pushed back against allegations made by Hong-Kong based trading firm Amber AI over its early settlement of bitcoin cash (BCH) futures contracts last week. Calling a Monday blog post from the firm “defamatory,” OKEx said in a statement on Tuesday that the allegations are “completely false” and have caused “serious damages” to its reputation. The post alleges that the way OKEx had forced early settlement of bitcoin cash futures contracts at the last traded price on Nov. 14 – a day before a hard fork of the bitcoin cash blockchain that resulted in two new competing cryptos – was “indicative of outright market manipulation and one of the more serious acts of fraud in the history of limit order book trading in the cryptocurrency markets.” Traders have reportedly
Markets Panic: Bitcoin Hits Lowest Since October 2017 as Bitcoin Cash Drops 40 Percent

Markets Panic: Bitcoin Hits Lowest Since October 2017 as Bitcoin Cash Drops 40 Percent

BITCOIN CASH, COINTELEGRAPH, CRYPTOCURRENCY, RIPPLE
A “panicked” twenty-four hours in cryptocurrency markets saw Bitcoin (BTC) hit fresh lows not seen in over a year Nov. 20 as assets across the board shed millions.Data from Cointelegraph’s price tracker, Coin360, CoinMarketCap, and Bitcointicker captured frenetic activity into Tuesday as BTC/USD dropped up to 17 percent, at one point reaching $4,237.Market visualization from Coin360Bitcoin’s daily losses currently total 15.5 percent after a correction to around $4,500, while the situation remains highly volatile as the pair tests new resistance levels.Bitcoin 7-day price chart. Source: Cointelegraph Bitcoin Price IndexThe events mark a continuation of the unsettled conditions sparked Nov. 15 when altcoin Bitcoin Cash (BCH) experienced a contentious hard fork, which has since resulted in th
OKEx Rebuffs Market Manipulation Claims Over Early Bitcoin Cash Futures Settlement

OKEx Rebuffs Market Manipulation Claims Over Early Bitcoin Cash Futures Settlement

BITCOIN CASH, COINTELEGRAPH, CRYPTOCURRENCY
The world’s second-largest cryptocurrency exchange OKEx hit back at accusations it “manipulated markets” by adjusting Bitcoin Cash (BCH) futures settlements in a fresh statement Nov. 20 sent to Cointelegraph.The exchange, which opted to deliver BCH futures early due to the coin’s contentious hard fork Nov. 15, subsequently saw a barrage of negative publicity over the decision, pundits complaining it had overstepped its remit in freely deciding when and how futures contracts would be settled.In particular, a dedicated Medium post by an entity calling itself AMBER AI accused OKEx of “outright market manipulation and one of the more serious acts of fraud in the history of limit order book trading in the cryptocurrency markets.”Published Nov. 19, the post provides a lengthy analysis of the fut

OKEx Settles Bitcoin Cash Contracts Early, Infuriating Crypto Traders

BITCOIN, BITCOIN CASH, BLOCKCHAIN, BTC MANAGER
OKEx, the second largest cryptocurrency exchange by daily trading volume, recently infuriated traders, as many suffered significant losses after the early close of Bitcoin Cash contracts. According to Bloomberg’s article published on November 19, 2018, while OKEx’s decision was not illegal, it was highly unusual and highlights the dangers of participating in an unregulated industry. OKEx Justifies Early Delivery On November 14, 2018, as Bitcoin Cash’s prices were falling, OKEx quickly settled Bitcoin Cash futures contracts almost without warning. According to OKEx’s blog post, the cryptocurrency exchange brought the delivery time earlier than expected because of the upcoming Bitcoin Cash hard fork. They were concerned that the hard fork would lead to a very volatile market which can have l
Bitcoin Cash Price Analysis: BCH/USD Tumbles, $220 Next?

Bitcoin Cash Price Analysis: BCH/USD Tumbles, $220 Next?

BITCOIN CASH, NEWSBTC
Key PointsBitcoin cash price declined heavily and traded below the $300 and $280 levels against the US Dollar.Yesterday’s highlighted key bearish trend line is intact with resistance at $315 on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair is currently trading near the $250 level and it could decline further towards $220.Bitcoin cash price is under heavy selling pressure against the US Dollar. BCH/USD could continue to move down and it may test the $220 level in the near term.Bitcoin Cash Price AnalysisYesterday, we discussed how there was an increase in selling pressure below $300 in bitcoin cash price against the US Dollar. The BCH/USD pair declined heavily and broke the $280 and $260 support levels. It is now trading well below the $300 level and the 100 hourly s
Huobi, Kraken Assign BCH ‘Throne’ To ABC, Yet Bitcoin Cash Hashwar Continues

Huobi, Kraken Assign BCH ‘Throne’ To ABC, Yet Bitcoin Cash Hashwar Continues

BITCOIN CASH, CRYPTOCURRENCY, NEWSBTC
After four days of discourse, banter, and endless rivers of salt, a number of crypto exchanges have declared that Bitcoin ABC (ABC), Roger Ver and Bitmain CEO Jihan Wu’s preferred Bitcoin Cash client, will officially obtain the “BCH” crown, instead of Craig Wright and Calvin Ayre’s Bitcoin Satoshi Vision (SV).Kraken, Huobi Crown Winner in Bitcoin Cash ForkSince Bitcoin Cash’s long-awaited blockchain upgrade activated on Thursday, during the network’s 556,767th block, many industry insiders, including Ethereum co-founder Vitalik Buterin, have explained that Bitcoin ABC is undoubtedly the winner.However, while ABC’s victory was mostly accepted on a person-by-person basis, the startups that run the crypto ecosystem were hesitant to crown a winner.Related Reading: BCH Tussle: Bitcoin ABC May R