Controversial and untrusted figure in the Bitcoin Cash (BCH) community Cobra Bitcoin may prove to be the saving grace for the network’s future, after a highly contentious dispute between Bitcoin ABC and nChain threatens to split BCH into competing chains ahead of a scheduled hard fork in November.Cobra, the anonymous owner of Bitcoin.org and previous critic of Bitcoin Cash, announced the Cobra Client hard fork in a Medium post and dubbed the upgrade a “safe implementation of the Bitcoin Cash protocol.” The proposed upgrade is in response to the “mostly non-important and non-urgent changes” proposed by major developers Bitcoin ABC and nChain. Major developers clash over proposed upgrades Bitcoin ABC, the biggest Bitcoin Cash client, initiated the stir in the BCH community after it released
In a Monday phone interview with CNBC Fast Money, Roger Ver explained why he believes Bitcoin Cash is a better investment than Bitcoin, also expressing that Bitcoin isn’t efficient for commerce due to high fees and low transaction speeds.Bitcoin Cash RulesIn the interview, Ver, who owns and operates Bitcoin.com, begins his explanation of why Bitcoin Cash (BCH) is a better investment than Bitcoin (BTC), by saying that the latter’s slow transaction times and high fees make it bad for commerce, and that Bitcoin Cash offers the solution to this.“Bitcoin is no longer…usable for commerce at all. The fees became high, the transactions became slow and unreliable, and people like myself and everybody else who was actually trying to use it for commerce stopped and switched to something else, and tha
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange. Can Bitcoin witness a scorching rally in the remaining part of the year? Tom Lee, Head of Research at Fundstrat Global Advisors certainly thinks so and he has his reasons. He is still hopeful that the leading digital currency can reach $25,000 by the end of the year. We, however, have maintained throughout that the people who are hoping for a repeat of the previous year’s rally will be disappointed. With a number of traders reeling under huge losses, it will take a lot of effort to turn sentiment aroun
The year 2018 has been unkind to all cryptocurrencies. Bitcoin Cash is on a lot of people’s radar, albeit not necessarily for positive reasons. Its impact on the industry remains minimal, especially where the current price is concerned. Despite backing by industry experts, BCH ‘s price continues to face an uphill battle.Solving the Bitcoin Usage ProblemOne of the reasons why Bitcoin Cash was conceived is to address problems associated with Bitcoin. The world’s leading cryptocurrency is not all that suitable for real-world transactions. High fees and slow confirmation speeds hinder the success of Bitcoin in this department. Rather can contributing solutions to the problem, a team of developers created their own currency. Known as Bitcoin Cash, the project has been around for just over a ful
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange. On August 22, the U.S. Securities and Exchange Commission (SEC) rejected 9 proposals for new Bitcoin exchange-traded funds (ETFs), but - perhaps surprisingly - the news did not result in a crypto market crash, like it did in similar instances before. This shows that very few purely speculative positions had been built expecting an ETF application to be approved. Another negative piece of news about China further tightening its restrictions on cryptocurrency trading was also taken in stride by the trade...
With bitcoin cash developers at each other throats, the year-old cryptocurrency might just split into two. Created from a hard fork off the original bitcoin network after the scaling debate boiled over last year, bitcoin cash stakeholders seemed unified in their goal of boosting the cryptocurrency's block size parameter in the hopes of attracting more users and enabling more transactions. But a few cracks started to pop up in this united front over the past year, as bitcoin cash developers had one technical disagreement after another. And a new software release by leading bitcoin cash implementation, Bitcoin ABC, has been perceived by some as a subtle declaration of war within the developer community. The software includes a suite of upgrades, including a smart contract feature that would
Cryptocurrencies exploded in popularity in the second half of 2017 and the beginning of 2018, marking staggering all-time highs and unparalleled gains. The march was led by Bitcoin – the world’s largest digital asset which marked an ATH of around $20,000 from just $1,000 at the beginning of 2017. The rallying prices caught the attention of regular retail investors, including stay-at-home moms. Starting a Bitcoin Trading Fund At the beginning of 2018 when prices were soaring and most of the cryptocurrencies were peaking at unparalleled levels, stay-at-home mom Tiffany Britt called out for others like her to pool some money and start trading.At the time, Britt had managed to make an admirable profit of $1,000 from trading cryptocurrencies, reports The Week. After she made the call, around 30
The Bitcoin Cash team recently announced a new fork that will replace Segwit for a new scalable method capable of making the blocksize adjustable. On August 20, 2018, Bitcoin Cash announced the release of Bitcoin ABC 0.18.0. With this new implementation, Bitcoin Cash is aiming to create an easy-to-use currency that will be accessible to anyone in the world and will be immune to scalability issues. Some even say that with this new feature, Bitcoin Cash becomes the actual currency Satoshi envisioned. What is Bitcoin ABC? Bitcoin ABC is mainly a full node implementation of the Bitcoin Cash protocol which is set to provide stable software that allows development with an open and collaborative process. While Bitcoin ABC makes the proposal, bitcoin cash refers to the digital currency. The main o...
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange. On August 21, at 01:00 AM UTC time, Bitcoin prices surged, breaking out of the overhead resistance at $6617.5. Within 20 minutes, Bitcoin spiked from $6459.5 to $6827.5, topping out at $6888.32, an hour later. The upward move coincided with the scheduled maintenance on BitMEX and looks to have been a short-term trade. However, a breakout above $6617.5 is likely to have triggered stops on the short positions that had reached a four-month high on August 21. However, it is still too early to confirm if th...
Roger Ver, the controversial virtual currency advocate and current CEO of Bitcoin.com, seems to be having a hard time garnering support for Bitcoin Cash, despite preaching about the second coming of the world’s largest cryptocurrency. Bitcoin Cash Barely Being Used in Commerce According to the latest analytics from Chainalysis, Bitcoin Cash is barely being used in commerce, despite it being the fourth largest cryptocurrency by market cap. Chainalysis reviewed payments received by the world’s 17 largest merchant processing services, such as Coinify, GoCoin, and BitPay, and found that Bitcoin Cash payments totaled $3.7 million in May 2018. A sharp contrast from its $10.5 million high in March, the slump in Bitcoin Cash usage in commerce comes as no surprise to experts. “There are fewer use