Bitcoin Cash BCH

$444.94
Market Cap $ 7.746 Bn (#4)
24h Volume $ 291.483 MM
Chg. 24h: -0.99%
Algo. score 4.0/5  (#46)
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Bitcoin Cash News

Infamous Hacker George Hotz Calls Bitcoin Cash the ‘Real Bitcoin’

Well-known American hacker George Hotz, also known as Geohot, has been talking extensively about cryptocurrencies lately, and more specifically about bitcoin cash. On Wednesday, Oct. 17, Hotz published a cryptocurrency programming video using bitcoin cash and showed people how to send a BCH transaction from scratch using the Python programming language. Also read: BCH Devcon Streamlines Bitcoin Innovation in San Francisco Geohot Hacks With Bitcoin Cash George Hotz aka ‘Geohot.’ Popular entrepreneur and hacker George Hotz, aka Geohot, has a reputation for being the first person to unlock the Iphone and jailbreak the iOS software back in 2007. The programmer is also known for his relationship with Elon Musk, which he claims Musk offered him millions to create a better autonomous vehicle system than the current Tesla Mobileye solution. Recently, he attended the BCH Devcon in San Francisco and was interviewed by BCH Youtuber Hayden Otto. Following the event, on Wednesday, Hotz showed people how to generate a BCH private key from scratch using Python. While most of the five-hour video shows Hotz coding and explaining what he was doing, the programmer emphasized how he would not be talking much about cryptocurrency politics. “I know we’re doing crypto things today but we’re not going to talk about the politics of crypto — Because politics is for losers,” Hotz explained to the viewers. Before getting started, he also explained how he learned a few things at the BCH Devcon the prior week. “Transaction fees are super low on bitcoin cash,” the hacker detailed before starting the key generation process. Hotz continued: [I’m] Using bitcoin cash because it’s the real bitcoin. “Lightning Network Too Complicated in a ‘Won’t Work’ Kind of Way” During his interview at the BCH Devcon, Hotz also talked about the Lightning Network and the Ethereum network’s dapp projects. The programmer said he likes cryptocurrency technology and reads Ethereum code for pleasure. However, Hotz detailed that the Ethereum network is a “bug bounty” because he believes smart contracts open the doors to malicious hackers getting paid without breaking laws. Hotz further stated that he was irritated with paying high network fees on the BTC network last year. As far as the Lightning Network is concerned, he explained the system is too complicated in a fashion that probably “won’t work.” Bitcoin Cash proponents on forums and social media enjoyed learning Hotz’s opinion about the Bitcoin scaling debate and his informative Python lesson using the protocol’s code. What do you think of George Hotz (Geohot) and his opinion about the Bitcoin Cash protocol and the Lightning Network? Let us know what you think about this subject in the comments section below. Images via Pixabay and Youtube. At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published. The post Infamous Hacker George Hotz Calls Bitcoin Cash the ‘Real Bitcoin’ appeared first on Bitcoin News.

4 hours ago

Bitcoin Cash [BCH] is more viable than Bitcoin [BTC] says Co-Founder of Cyber Capital

Recently on Blockchaintalks special addition in Amsterdam, Justin Bons, Co-Founder and CIO of Cyber Capital spoke about Bitcoin Cash [BCH] and how it was superior to Bitcoin [BTC] in terms of achieving the goals of best censorship resistance, peer-to-peer electronic cash system, and a digital gold. He said: “Bitcoin was limiting itself to just being a digital gold in a purely speculative asset with no underlying utility.” Bons stated that Bitcoin Cash could achieve the characteristics of becoming both cash and digital gold. He added that Bitcoin Cash had a stronger value proposition which captures more use cases and utility. Furthermore, it strengthened BCH’s security and decentralization. According to Justin, the current model of Bitcoin was fundamentally flawed and the economics and governance of the original design of Bitcoin was changed. He stated: “These changes to the original design is what I disagree with. Since Bitcoin needs to pay for its security over the longer term with fees when inflation decreases. BTC and BCH represent radically different approaches to this problem.” Justin further made a comparison that Bitcoin was a low volume high fee network whereas Bitcoin Cash was a high volume low fee network. One of Justin’s criticism against Bitcoin was that it would be completely unviable to pay for its security as the fees for each transaction was more than $50 whereas BCH could offer the same service at much lower costs. According to him, if the problem of Bitcoin’s high fees was not addressed then the long-term security model of Bitcoin would be broken and they would be unable to pay for their own security. Justin stated that the user experience of Bitcoin was “terrible and a congested blockchain network was equivalent of a blind auction for transactions”. He further added that it was impossible to predict the fees charged for a transaction and the time taken to confirm a transaction. He added: “There’s always a chance that the transaction is dropped or takes a very long time to confirm in contrast for small value transactions in BCH, merchants can accept a BCH transaction within seconds leading to a much better user experience.” The post Bitcoin Cash [BCH] is more viable than Bitcoin [BTC] says Co-Founder of Cyber Capital appeared first on AMBCrypto.

5 hours ago

Mt. Gox Bitcoin Stash Worth $1.3 Billion Won’t Move Before Summer 2019

The latest chapter in the Mt. Gox saga reveals that creditors are looking to be paid in Bitcoin with the first payment expected no earlier than next summer after the approval of the rehabilitation plan. BTC Payments Will Be Most ‘Simple and Efficient’ A revised civil rehabilitation proposal document published August 2 by lawyers representing several Mt. Gox creditors notes that the first payments to creditors are expected in summer 2019. “Mt. Gox is not capable of returning all BTC deposited by creditors,” it reads. “Accordingly, we consider that all assets of Mt. Gox should be distributed to creditors and not to shareholders.” Approved in June, the current rehabilitation plan aims to distribute the Mt. Gox stash — which is currently about 166K BTC (or almost $1.3 billion USD). The creditors want the rehabilitation plan to be as simple as possible so that claims are paid back as soon as possible. One way of doing this will be to make payments in BTC/BCH instead of cash. “In general, we consider it appropriate to make payments to creditors who had been depositing BTC (BTC creditors) with Mt. Gox, in BTC and BCH instead of cash,” the document reads. The creditors believe payments using BTC and BCH will be the “most simple and efficient way” to distribute the funds while minimizing transactions costs such as bank fees. Citing concerns of market volatility and the timing of the sale, the creditors also note that exchanging BTC for cash could also have a negative impact on the BTC spot price 00 to the relief of current bitcoin holders. Instead, the coins will be sent to exchange accounts of the creditors’ choosing. “We think it esirable [sic] that the BTC and BCH be sent to exchanges in which many creditors have accounts or can open accounts easily,” the document reads. Mt. Gox Cash and Altcoins Nevertheless, Mt. Gox does have a significant amount of cash from the sale of bitcoin and bitcoin cash. This “remaining cash amount after the repayment to the monetary creditors should be paid to BTC creditors in cash without exchange to BTC,” the document notes. In this case, we think it desirable that the cash be sent to the accounts of the exchanges, as chosen by the creditors. The creditors add that payments in other altcoins may be possible but “unrealistic” as the number of exchanges supporting various types of altcoins are limited. Moreover, this option could hamper altcoin prices, affecting the entire cryptocurrency market. there is a possibility that the sale of the altcoins by the trustee would cause a sudden fall in the price of altcoins and security problems may arise if the trustee moves the altcoins. Therefore, the trustee should proceed with the sale of altcoins with careful consideration of these matters. It is not clear which altcoins (not BTC or BCH) besides BTC derivatives (e.g. Bitcoin Gold) are in possession of the Mt. Gox trustee. First Payment Expected Next Summer The lawyers representing the group of creditors are seeking further comments before the civil rehabilitation plan is approved in February 2019, which the creditors say “is several months behind the standard schedule.” In any case, the first payment to creditors would comprise the lion’s share of the total funds. It “will be made promptly” after the rehabilitation plan is approved sometime in May or June of 2019 based on the schedule in the commencement order. “We are of the opinion that most of the assets, including approximately 166,000 BTC and 168,000 of BCH and other derivatives currently held by Mt. Gox, should be paid to creditors at the time of the first payment,” the document adds. Until then, it is unlikely that the Mt. Gox bitcoins will be touched before next summer by the so-called Mt. Gox ‘Bitcoin Whale’ trustee, Nobuaki Kobayashi, who was previously blamed for the sell-off earlier this year. Nevertheless, the tentative schedule can still change and traders will keep a close eye on any movements of the Mt. Gox funds. The next creditors’ meeting to report on the status of the civil rehabilitation process is scheduled for September 26, 2018. Will the Mt. Gox bitcoins affect price in the future? Share your thoughts below! Images courtesy of Shutterstock, Bitcoinist archives, bitinfocharts.com. The post Mt. Gox Bitcoin Stash Worth $1.3 Billion Won’t Move Before Summer 2019 appeared first on Bitcoinist.com.

5 hours ago

Elon Musk Sells “Boring” Flamethrower For Bitcoin, Ethereum, Litecoin

Elon Musk-Founded Startup To Accept Crypto For Crowdfunding Effort When it comes to eccentric billionaires, there isn’t anybody as well-known as the one and only Elon Musk, a South African-Canadian native with a profound love for modern tech. You likely know Musk for his involvement with Tesla, SpaceX, and Paypal, which are all prominent companies that he founded or co-founded. But, he recently launched a new startup, jokingly named the “Boring Company,” which is a fitting title when you consider what the company is aiming to do — to create transportation tunnels that criss-cross the globe. In stark contrast to Tesla and SpaceX, the innovator decided to take a different approach to fund operations for the Boring Company, selling branded merchandise and products to consumers who had a penchant to fund Elon’s next innovation. While Boring started by selling mundane products, such as logoed baseball caps, the startup eventually began to think outside of the box, deciding to sell “The Boring Company Flamethrower” in late 2018. After 50k hats, we will start selling The Boring Company flamethrower — Elon Musk (@elonmusk) December 11, 2017 Following his original tweet announcing the crowdfunding product, Elon Musk jokingly added: “I know it’s a little off-brand, but the kids love it.” The product was immediately a hit, with the company selling tens of thousands of its flamethrowers to raise hundreds of thousands, if not millions of dollars in crowdfunding. While the product’s first batch quickly sold out, the company recently revealed plans to offer the flame-generating machine for the second time. This time, as spotted by The Next Web’s Hard Fork column, prospective flamethrower owners will be gaining access to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC) payments to put up money for the crowdfunding effort. Along with the four crypto assets, users will be able to use Apple Pay, Google Pay, along with traditional debit and credit payments through Paypal. Seeing that the Boring Company’s crowdfunding participants are likely to to be forward-thinking, the addition of a cryptocurrency payment option was likely welcomed. Now, consumers from all across the globe can buy Boring Company’s “Not A Flamethrower” for $500 a pop, which is reportedly a lower figure than the startup’s $600 pre-sale price. This translates to approximately 0.078 BTC, 2.48 Ether, 1.13 BCH and 9.5 LTC, it just depends on what cryptocurrency you want to spend. Along with offering the flamethrower itself, Musk’s Boring Company will be selling a propane fuel cylinder, fire globes, and a Boring-branded fire extinguisher, which is presumably for cases in which the fire gets to the head of flamethrower users, so to speak. This may not be the sort-of adoption that the crypto industry has been looking for, but this move from Elon Musk himself, who has surprisingly expressed interest in this nascent industry on a few occasions, is welcomed nonetheless. So get out there, support your local startups and buy an Elon Musk-backed flamethrower for some of your hard-earned crypto assets. Photo by Aziz Acharki on Unsplash The post Elon Musk Sells “Boring” Flamethrower For Bitcoin, Ethereum, Litecoin appeared first on Ethereum World News.

5 hours ago

Emma Integrates Crypto Exchanges into Money Management App

Emma, a London-based startup firm specializing in money management services, has launched cryptocurrency exchange integration for its new app. The platform, which the company describes as a kind of “financial advocate” service, is designed to help millennials gain a better understanding of their finances. Also Read: Security Giant G4S Offers Protected Offline Cryptocurrency Storage New ‘Emerging Asset Class’ Emma has integrated several cryptocurrency exchanges into the app, including Coinbase, Bittrex, Binance, Bitstamp, Kraken and Bitfinex. With its latest development, users can view all of their cryptocurrency investments from multiple exchanges in real time using a single interface. The free app also allows U.K. consumers to look at aggregated information from their credit cards and bank statements, in addition to the cryptocurrencies and tokens they hold. “Emma was built to empower millions of individuals to live a better and more fulfilling financial life. Cryptocurrency is the next emerging asset class and we are thrilled to welcome it as part of our family of integrations. Our users can now manage and track their crypto holdings alongside more traditional finances to make wiser and more transparent decisions,” said Emma CEO Edoardo Moreni. “For Emma, this is one of the first steps toward a world where account aggregation doesn’t just refer to banking products, but opens the doors to several financial services.” Consumer-Focused Banking Experience Emma launched in January of this year, backed by a team of finance and technology experts. In July, the company raised £500,000 in a seed round led by Kima Ventures, one of the first investors in Transferwise. Aglaé Ventures — the early stage program of French investment firm Groupe Arnault, which has previously invested in Netflix and Airbnb — also participated in the seed round. Emma is registered with the Financial Conduct Authority in the U.K. under the Payment Services Regulations 2017. With its new app, the company aims to build a mobile-only banking solution (iOS and Android) to help young consumers avoid overdrafts, cancel subscriptions, track their debts and save money. It said it is trying to provide a more consumer-focused banking experience that will improve the financial lives of its users, by serving as a sort of one-stop shop for all of their financial information. As a U.K. resident, do you look forward to managing your cryptocurrency portfolio with Emma’s new app? Share your thoughts in the comments section below. Images courtesy of Shutterstock, Emma. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post Emma Integrates Crypto Exchanges into Money Management App appeared first on Bitcoin News.

6 hours ago

Upgraded BitKan App Now Much Faster, Wallet Supports Most ERC20 Tokens

The app’s wallet now supports most ERC20 tokens on the market today, as well as adding more news sources, optimizing startup speed, and shortening users’ waiting time, registration and login process. Major Improvements for Token Support With this upgrade, the wallet function has undergone major improvements. Up until now, the BitKan wallet has supported mainstream cryptocurrencies such as BTC, BCH, ETH, QTUM, DASH, SAFE. That now includes all tokens based on the ERC20 standard and Bitcoin (BTS). All this means it now covers over 98 percent of available cryptocurrencies in the market. The update will add Bitcoin (BTS) wallets and GAT wallets, as well as the USDC stablecoin wallet from Circle. Users can now do an ERC20 token search and add new token functionality. ‘Community Wallet’ Concept The new version of the “community wallet” concept promotes a more ecological layout for paying for content, plus community rewards and one-click airdrops for different projects. BitKan first launched its wallet function in 2013. It has proved well-secured thus far, and is supported and trusted by millions of users. The mobile app is available for both Android and iOS. BitKan thanks all its users, past, present and future, for their support. About BitKan BitKan was founded by four former employees of Huawei Technology in 2012. The startup has rapidly scaled to become one of China’s leading providers of cryptocurrency data and services, with recent expansion into Singapore, Tokyo and Hong Kong. Visit the BitKan homepage and download the mobile app here: Website: https://www.bitkan.com App: https://bitkan.com/app The post Upgraded BitKan App Now Much Faster, Wallet Supports Most ERC20 Tokens appeared first on CoinSpeaker.

7 hours ago

Cobo Raises $13M in Series A Funding Round

Chinese startup Cobo raised $13 million this week in a Series A financing round led by DHVC and Wu Capital. The Beijing-based company — established by Bihang wallet developer Changhao Jiang and Shixing “Discus Fish” Mao, the co-founder of F2Pool — said it will use the funds to support the international expansion of its two wallet offerings. Also Read: Civil Fails to Raise $8M Minimum in ICO Global Expansion Cobo has developed two main products: a multi-asset software wallet and a “military-grade” hardware wallet. The new funding round brings total investment in the company to $20 million to date. Cobo plans to expand in the U.S. and several Southeast Asia markets, particularly Vietnam and Indonesia. The company claims that more than 500,000 people have downloaded Cobo Wallet since it was launched earlier this year. It already supports more than 30 major cryptocurrencies and 500 tokens. It also features multiple layers of security, including two-factor authentication, hot-cold servers and hardware security module encryption. “Cobo’s unique approach redefines the concept of crypto asset management and creates new opportunities for investors,” said Judy Yan, managing director of DHVC. “The team leverages their extensive blockchain experience to help safeguard users’ assets while also generating returns for their benefit.” Bank-Grade Cold Storage The company also announced that Cobo Vault, its hardware product, is now available for pre-order on Indiegogo for $479. It features a “bank-grade” encryption chip, as well as a tamper-proof self-destruct mechanism that wipes all stored private keys and data if someone tries to physically force the device open, in addition to other security measures. Cobo Vault also boasts a 4-inch LCD display with an IP68 waterproof rating. The company claims the product’s MIL STD-810G-certified (U.S. military standard) brushed aluminum case is strong enough to remain intact after being run over by a car. Cobo Vault handles transactions over the air by having users scan a QR code, which changes dynamically. “With the increasing investment into cryptocurrencies, the only truly safe means of securing crypto is to store it in a cold storage wallet,” said Jiang, the company’s CTO. “Cobo Vault sets a new, groundbreaking standard for cold storage wallets, with the first truly all-around secure hardware wallet designed for holders that can’t risk losing their investment.” Does anyone really need a military-grade or bank-grade hardware wallet? Share your thoughts in the comments section below. Images courtesy of Cobo. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post Cobo Raises $13M in Series A Funding Round appeared first on Bitcoin News.

8 hours ago

Bitcoin Cash [BCH/USD] Technical Analysis: Temporary bullish trend forecast as it tries to wiggle through bear’s clutches

Bitcoin Cash [BCH], the fourth-biggest cryptocurrency in the world, is losing its war with the bear as the long-term price forecast shows a strong downward trend. However, as a relief to investors, a short-term bullish trend has also come to light. Bitcoin Cash is currently trading at $451.17, after going down 0.96% in the last 24 hours, with a market cap of $7.85 billion. BCH worth $298.56 million was traded across the world since yesterday, according to CoinMarketCap. 1-hour Source: Trading View The one-hour analysis of BCH shows a downtrend from $534.2 on 9th October to $515.1 on 15th October. This trend is further reinforced by the plunging trendline, from $515.1 on 15th October to $467.0 on 18th October. However, an upward trend can be seen from $453.0 on 12th October to a resistance of $515.1 on 15th October. Recently, a gradual upward trend is seen to be developing from $433.0 to $443.4, leading up to $458.5 on 18th October. The Awesome Oscillator bars are green after a short wave of red, indicating that the price is gradually increasing. This could indicate a bullish market in the short term. The RSI shows that BCH is gradually recovering from an oversold position after succumbing to an overbought position on 15th October, when the prices hit the resistance of $515.1. This indicates a bullish trend in the short term. Source: Trading View The Parabolic SAR also confirms the trends as the dots clearly indicate a bullish market, though it had succumbed to the bear recently. 1-day Source: Trading View The long-term bearish trend is confirmed by the trendlines from $1,759.3 on May 7 to $532.1 on 9th October. Another downward trend can be observed from $516.0 on 19th October to $471.0 on 18th October. The downward trend can be considered strong as the prices went from $651.7 to $512.0 between 3rd-22nd September. The only considerable uptrend in the recent past is from $433 to a resistance of $515.1 between 26th September and 11th October. Between 16th October and 19th October, another short upward trend can be observed from $435.5 to $461.5. The Chaikin Money Flow graph shows a value of -0.1388, which indicates that money is flowing out of the market. This points at a bearish trend in the long-term. The MACD line is on a downward path and crossed the signal line on 10th October. This is a valid indicator of a bearish drift. Source: Trading View The Fisher Transform chart also shows a downward movement and crosses the trigger line multiple times. This indicates a that the bear’s grip is strong on a long-term basis. However, a slightly bullish trend in the short term has also been observed on 18th October. Conclusion Bitcoin Cash is struggling to wiggle through the bear’s grasp for months now and the trend is expected to continue, as the indicators show. Nevertheless, BCH is currently recovering from a bear attack in the short-term, pointing at a temporary bullish trend. If the bullish trend continues, as indicated by Parabolic SAR, Awesome Oscillator and RSI charts, the immediate resistance is at $515.1. If this resistance is broken by the upwards momentum, the next strong resistance is at $534.2. If the long-term bearish leaning holds strong, the immediate support will be at $458.5. If this support is broken, the next strong support will be at $443.4. The post Bitcoin Cash [BCH/USD] Technical Analysis: Temporary bullish trend forecast as it tries to wiggle through bear’s clutches appeared first on AMBCrypto.

9 hours ago

Toronto-Based Clothing Charity Relies Solely on Bitcoin Cash

Last February, a bitcoin cash-centric charity based out of Canada had announced the launch of an organization called Coins 4 Clothes. The group started accepting BCH to purchase clothing from wholesalers and then distributed the garments to various Toronto-based charities. Since then the organization has donated over 3,000 articles of clothing to those in need, while at the same time helping people learn about the benefits of a peer-to-peer electronic cash system. Also read: Blockchain Surveillance Firm Partners With Cryptocurrency Exchange Binance Clothes for Those Who Need It Most A little over eight months ago Coins 4 Clothes started its charity to help homeless people face the Canadian winter with clothes purchased with bitcoin cash (BCH). When the idea came to fruition the effort began to grow as the group assisted men, women, and youth in need of garments. Coins 4 Clothes purchased the items from wholesalers and introduced them to bitcoin cash. All of the articles of clothing are sorted and delivered to seven well known Toronto organizations including Oasis clothing bank, St. Michael’s Hospital, Good Shepherd Ministries and more. New donation recipient alert . We dropped off clothing and shoes to @RegenesisYork ‘s Free Store. A community run “leave something / take something” initiative that reduces waste and helps students with their cost of living. All donors paid with #BitcoinCash pic.twitter.com/7oPzxbMC2S — Coins 4 Clothes (@Coins4Clothes) October 17, 2018 So far Coins 4 Clothes has donated 3,112 articles of clothing to people in the region and at the same time, the group has managed to entice clothing sellers to open 42 BCH wallets. Additionally, if residents in the region want to sell garments to the group they can book an appointment with Coins 4 Clothes and earn BCH for clothes. Back in July, the charity told BCH forums they were personally matching all donations to the organization for 24-hours. The Reddit post received a ton of BCH tips and later that day the group announced they had raised over $400 and the group matched the public’s contribution. All Operations Powered by Bitcoin Cash More recently Coins 4 Clothes announced on its blog that they had partnered with two Toronto charities called Dress your Best and Dress for Success. The two nonprofits give disadvantaged men and women professional attire for job interviews. After the partnership announcement, Coins 4 Clothes emphasized that all of their operations are fueled entirely by bitcoin cash donations. “We rely solely on bitcoin cash donations to operate. 100% of BCH donated goes towards purchasing gently used clothing from people in the community — We are helping the needy while spreading bitcoin cash adoption,” Coins 4 Clothes explains in the group’s blog. “A [CAD]$10 donation in BCH can allow us to purchase an average of 30 gently used articles of clothing. Including t-shirts, shoes, dress pants and blazers, backpacks, skirts, sweaters, jeans etc.” The organization’s website also features a section called financials, which gives a glimpse into the transparency of the organization. The Coins 4 Clothes public BCH address is available for viewing and people can also download the organization’s financial information. The charity also shows visual images of its work on both Twitter and Instagram. This year there’s been a growing trend of charities using bitcoin cash like the group Eat BCH purchasing food for people in need throughout South Sudan and Venezuela. In a similar fashion, Coins 4 Clothes has created a peer-to-peer clothing system driven by BCH donations. What do you think about the Coins 4 Clothes charity? Let us know in the comments section below. Images via Shutterstock, Coins 4 Clothes, and Pixabay. Need to calculate your bitcoin holdings? Check our tools section. The post Toronto-Based Clothing Charity Relies Solely on Bitcoin Cash appeared first on Bitcoin News.

10 hours ago

Why ZRX Was First On Coinbase Before BAT, ZEC, ADA and XLM, and Which is Next

The five digital assets of Ox (ZRX), Basic Attention Token (BAT), ZCash (ZEC), Cardano (ADA) and Stellar (XLM), have been on the minds of all crypto traders ever since the team at Coinbase expressed intentions to list them on the platform. The Coinbase Effect, is a term used by savvy traders who know that once a digital asset is listed on the platform, it instantly does double digit gains in less than 24 hours. We have seen it when Bitcoin Cash (BCH) was listed on the platform late last December; when rumors surfaced that XRP was next; when Ethereum Classic (ETC) was listed this August; and now when Ox (ZRX) was listed only a few days ago. ZRX Listed Before BAT, ZEC, ADA and XLM The exchange of Coinbase has since been accused of favoritism when listing Ox (ZRX) on the platform before the other four digital assets. This is because three out of five of the advisers at the Ox (ZRX) project, have a direct affiliation to Coinbase. Of course this is grounds for an investigation in a manner similar to how Elon Musk was investigated by the SEC, but there are no rules regulating the crypto industry just yet. Therefore, if this is the reason why ZRX was listed first, we can concluded that they did nothing wrong from a regulation point of view. Why ZRX was First From A Technical Point of View The digital asset of ZRX is an Ethereum based token. This means from a coding point of view, it was easier to integrate it onto the Coinbase platform that already supports Ethereum and Ethereum Classic. Integrating coins from other protocols would naturally take a longer time period hence why Stellar (XLM), Cardano (ADA) and ZCash (ZEC) were left out. What About BAT? Is it Next? Based on the theory that it’s easier to integrate Ethereum based tokens onto the platform, we can connect the dots and postulate that Basic Attention Token (BAT) might be next to be listed on Coinbase. Of course this is pure speculation, but the token made impressive gains at the same time ZRX was listed. Did traders come up with the same theory? BAT experiencing gains on the same day ZRX was listed on Coinbase. Source, Coinmarketcap.com What are your thoughts on Coinbase listing Ox (ZRX) before the other four prominent digital assets? Was it a case of favoritism or was it a case of ZRX being the easiest to integrate onto the platform? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Why ZRX Was First On Coinbase Before BAT, ZEC, ADA and XLM, and Which is Next appeared first on Ethereum World News.

13 hours ago

The Daily: Peak Blockchain and Stablecoin Drama

Differentiating truth from fiction isn’t always easy, especially in the realm of blockchain. We’ve got distributed ledger stories both real and fanciful in this edition of The Daily, as well as hardware wallet news, an update on bitcoin futures, and the obligatory smattering of stablecoin drama. Also read: Blockchain Surveillance Firm Partners With Cryptocurrency Exchange Binance Blockchain.com Announces Airdrops Bitcoin wallet and blockchain analysis service Blockchain.com has decided to host airdrops. The platform, whose 29 million wallets make it the industry’s largest bitcoin wallet provider, unveiled its airdrop program on Oct. 17. “We think that airdrops, when executed properly, have the potential to meaningfully drive decentralization and supercharge network effects,” they explained. “That’s why we’re thrilled to share a set of guiding principles that will inform Blockchain Airdrops.” The service promises to be good news for token creators, who can tap into Blockchain.com’s network of ready-made cryptocurrency users. It remains to be seen, however, whether wallet owners will take kindly to being showered with largely worthless tokens. Just as the Coinbase-owned Earn.com allows emerging ICOs to get seen by influencers, Blockchain.com will place ICO tokens in the hands of core users. “Since Blockchain users self-custody,” the company explains, “they have immediate control, ownership and use of their newly-airdropped crypto. They can participate directly in the network without going through a cumbersome intermediary.” The Onion Does Blockchain From one blockchain to another, and satirical publication The Onion has published a short guide to the technology. From the site that brought us such gems as “Man Who Thought He’d Lost All Hope Loses Last Additional Bit Of Hope He Didn’t Even Know He Still Had,” we learn that blockchain “Provides a more efficient way for you to lose all your money at once.” Other choice responses from The Onion’s Q&A include the following: Bitcoin Futures Volume Soars Moving back into the realm of real news, CME has revealed that bitcoin futures volume rose 41 percent in the third quarter of this year. This trend attests to the growing interest in bitcoin from traditional financial markets. In Q3, Bitcoin futures average daily volume rose 41% and open interest was up 19% over Q2 . Learn how market participants are using BTC to manage risk in changing markets. https://t.co/Yt41SzsHku pic.twitter.com/Kw4OX0QaKT — CMEGroup (@CMEGroup) October 17, 2018 Coolwallet S Adds ERC20 Token Support Coolwallet S, which we’ve previously reviewed, is a fly credit card-sized hardware wallet for storing BCH, BTC, ETH, and other cryptocurrencies. The distinctive wafer-thin wallet, manufactured by Taiwan’s Coolbitx, has just added support for ethereum tokens. Users can now add any ERC20 token to the wallet and manage it via the accompanying iOS or Android app. Due to its portability, the wallet has proven popular with cryptocurrency holders who desire access to their digital assets while on the go. Stablecoin Spat Breaks Out And finally, The Daily’s news roundup wouldn’t be complete without some sort of stablecoin drama to report. Tether, whose Twitter account sees activity approximately once a month, broke its silence to take aim at Cameron Winklevoss, owner of Gemini exchange’s rival GUSD stablecoin. A war of words over Tether’s inability to publish a full audit of its USDT dollar-pegged token has erupted, with Bitfinex/Tether defender Whalepool asserting that no fiat-backed stablecoins are fully audited. “Thank you for continuing the long-standing tradition in crypto where the default position is to go out half-cocked w/out any expertise or knowledge in an area and pretend to know what you are talking about,” Winklevoss retorted. Traditional systems take time to adapt to the pioneering work taking place in this space. https://t.co/ykapXrhEqJ — Tether (@Tether_to) October 17, 2018 “While [other stablecoins] might not be able to get a full blown audit,” chipped in The Block’s Larry Cermak, the likes of Gemini, Paxos, and Truesd “are hiring real auditing firms. Now remind me what auditing firm is doing audits for Tether please. I forgot.” What are your thoughts on today’s news tidbits as featured in The Daily? Let us know in the comments section below. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post The Daily: Peak Blockchain and Stablecoin Drama appeared first on Bitcoin News.

14 hours ago

Security Giant G4S Offers Protected Offline Cryptocurrency Storage

G4S (LSE: GFS), a security services provider with operations in more than 90 countries, guards everything from cash transfers to nuclear power plants and prisons. The London-headquartered company has now started to offer cryptocurrency protection, according to a recent report. Also Read: Majority of Crypto Assets Are Highly Centralized, Research Finds Secure Vault Storage The company, which has more than 560,000 employees throughout the world, announced on Wednesday that it has developed a new service providing high-security offline cryptocurrency storage, to help to protect assets from criminals and hackers. And the company is already providing the service to an unnamed European exchange, according to the Financial Times. It charges clients based on the number of different offline storage devices they want to use to store their private keys, and reportedly uses its own existing vaults for the service, rather than newly built facilities. The company’s press statement confirmed that cryptocurrency exchanges are already turning to them for help. Dominic MacIver, senior risk analyst at G4S Risk Consulting, commented: “Our clients approach us to discuss solutions to their requirements because of G4S Cash Solutions’ experience in protecting high-value items and G4S Risk Consulting’s experience in developing bespoke solutions to complex challenges. Working with our clients, we are continuously applying their expert knowledge of crypto-assets and our best practice in physical security to a sector at the cutting edge of financial technology.” Heavily Restricted Access The service is said to be more secure then other methods because G4S takes the keys offline, breaks them up and stores them in high-security vaults. Moreover, access to the sites in which they are held is said to be heavily restricted, with multiple layers of security. Clients can only gain access when all of the pieces are combined with specific technology. “Offline storage has become a more established and secure way of storing crypto-assets,” MacIver said. “At the same time, violent robberies and kidnappings in recent years have shown that the sector is still exposed to conventional criminal threats. In collaboration with our client, our security solution is built on a foundation of ‘vault storage.’ We not only take the assets offline, but break them up into fragments that are independently without value and store them securely in our high security vaults, out of reach of cyber criminals and armed robbers alike.” What level of security should investors demand from exchanges? Share your thoughts in the comments section below. Images courtesy of G4S, Ed Robinson/OneRedEye, Tom Parker/OneRedEye. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post Security Giant G4S Offers Protected Offline Cryptocurrency Storage appeared first on Bitcoin News.

16 hours ago

Bitcoin Cash Price Analysis: BCH/USD Holding Key Support Near $440

Key Points Bitcoin cash price traded lower recently and tested the $440 support against the US Dollar. There was a break above a short-term declining channel with resistance at $441 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is struggling to gain momentum above the $450 and $455 resistance levels. Bitcoin cash price is currently holding the $440 support against the US Dollar. BCH/USD needs to clear the $450 level and the 100 hourly SMA to gain traction. Bitcoin Cash Price Analysis There was no upside break above the $460 resistance in bitcoin cash price against the US Dollar. The BCH/USD pair started a downside move and traded below the $450 support. There was also a close below the $450 level and the 100 hourly simple moving average. However, buyers successfully defended losses below the $440 support. The price formed a low at $438 and is currently consolidating. It has moved back above the $440 level with a few positive signs. Moreover, there was a break above a short-term declining channel with resistance at $441 on the hourly chart of the BCH/USD pair. The pair is currently testing the 23.6% Fib retracement level of the recent slide from the $458 high to $438 low. More importantly, the 100 hourly SMA is positioned near the $444 level. Therefore, a proper break above the $444 level and the 100 hourly SMA is needed of an upside push. The next resistance is near the 50% Fib retracement level of the recent slide from the $458 high to $438 low at $448. Looking at the chart, BCH price must stay above the $440 support level. If not, there is a risk of a downside push towards the $426 support. Looking at the technical indicators: Hourly MACD - The MACD for BCH/USD is slightly placed in the bullish zone. Hourly RSI (Relative Strength Index) - The RSI for BCH/USD is currently near the 50 level. Major Support Level - $440 Major Resistance Level - $450 The post Bitcoin Cash Price Analysis: BCH/USD Holding Key Support Near $440 appeared first on NewsBTC.

17 hours ago

Transacting Bitcoin Cash [BCH] without Internet is now possible in Turkey and Argentina: Boost to adoption?

Bitcoin Cash [BCH] saw its philosophy as electronic money got another boost to its adoption as CoinText.io, a service to transact the currency using SMS messaging, launched in Turkey and Argentina. Moreover, as these countries are hit with debilitating inflation problems, the introduction of a method to transact value with a low barrier of entry will push adoption of the currency. The Founder and CTO of CoinText, Vin Armani, said in a statement that many in these two countries recognize the power of Bitcoin as “better money”. He went on to say that he was excited to provide tools to enable the flame of the revolution against corrupt monetary policy to keep burning. The native fiats of these countries have experienced a decline of close to half or more of their value against the dollar in the last year alone, leading many to turn to alternate methods of transacting value for everyday activities. This also means that citizens do not have a high amount of disposable income required to set up a service for transacting cryptocurrencies. It is also important to note that these countries do not have widespread Internet, leading the solution to come in the form of SMS. The service enables the sending of money to mobile phone numbers or BCH addresses, with no requirement for Internet, apps, accounts or passwords. The function of this service on SMS also means that phones from the late 2000s can also be used, as they have functionality for the technology. The CTO stated: “Before CoinText, you had to download a software wallet or join an exchange to get your first cryptocurrency, and to onboard your friends, you had to convince them to do the same process. Now you can just text money to their phone.” The service utilizes simple commands such as BALANCE and RECEIVE sent as text messages, which will display their balance and wallet address. Moreover, users can send funds to foreign numbers in addition to domestic numbers, such as SEND $1 PHONENUMBER. This is secured using 2 Factor Authentication The post Transacting Bitcoin Cash [BCH] without Internet is now possible in Turkey and Argentina: Boost to adoption? appeared first on AMBCrypto.

a day ago

Bitcoin Cash Price Analysis: BCH Ready to Rally Despite Gemini Hitch

The supremacy war between Bitcoin ABC and Bitcoin SV is beginning to affect Bitcoin Cash investors keen on channeling funds through regulatory compliant avenues as Gemini. In a statement, the New York based exchange said they will list Bitcoin Cash in November once there is stability within the Bitcoin Cash ecosystem. Latest Bitcoin Cash News Gemini, one of the world’s largest and regulated cryptocurrency exchanges has delayed the listing of Bitcoin Cash. Citing “uncertainty within the Bitcoin Cash community about one or more possible hard forks”, the exchange plans to offer support once everything is clear within the Bitcoin Cash ecosystem. That may happen in November once the wave of uncertainty ends. Traders should note that Gemini is under the oversight of New York State Department of Financial Services (NYSDFS). Since the Office of the Attorney General is stringent and looking after the interest of New York residents with investments in crypto, the exchange adheres to the highest standards of banking compliance and fiduciary obligations. As a result, Gemini is taking a security first approach. They are safeguarding the security of funds because one of the hard forks lack the replay protection feature necessary to safeguard investor’s funds. The priorities in Bitcoin Cash are: 1. Get rid of the block size limit.2. Get rid of the tx size limit.3. Get rid of the script size limit.4. Get rid of the tx chain limit.5. Get rid of every other limit. This is what should be addressed in the next hard fork. — Ryan X. Charles (@ryanxcharles) October 17, 2018 The uncertainty around Bitcoin Cash hard fork threatens to split the network in half destroying investments as a result. While it may be the fourth hard fork in less than 13 months, Bitcoin ABC with support from Bitmain is taking a firm stand. On Aug 20, the team behind ABC released version 0.18.0 of their Bitcoin Cash implementation protocol complete with canonical order transactions and two new op codes. In the meantime, Bitcoin SV plan to increase block size from 32 MB to 128 MB and simultaneously introduce four Satoshis op codes. This they say is their effort to reinstate the original Bitcoin protocol. Bitcoin Cash Price Analysis Weekly Chart Because of the last week minimal activity, BCH is down 12 percent from last week’s highs. This is so because of the limited price movements of the last three days failing to confirm the rapid gains of Oct 15. Overly, we remain confident that BCH prices will recover as the month progresses. Thanks to this optimism, our last Bitcoin Cash price analysis is valid. Besides, the asset is technically bearish unless of course we see surges above $600 triggering bulls aiming for $850. However, before that happens, we need to see bulls reversing the long upper wick hinting of bears in lower time frames aware that declines below $400 cancels this upbeat forecast and could open up bears eyeing at $250—Bitcoin Cash all time lows. Daily Chart The inactivity is clear in the daily chart. Here not only is it clear that BCH is consolidating within a $200 range with clear caps and supports at $600 and $200, but bears are in charge. Backing this view is the arrangement of price action in the last day which seems to support bears now that bulls didn’t build enough momentum to reverse Oct 11 losses. Because of this, what we have in the three or four day chart is a doji-hinting of indecision. Altogether, we remain neutral going forward and triggers above $600 will usher in a wave of buyers eyeing $850 as aforementioned. Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. The post Bitcoin Cash Price Analysis: BCH Ready to Rally Despite Gemini Hitch appeared first on NewsBTC.

a day ago

Bitcoin Cash [BCH] to possess all the rule-set changes of Bitcoin ABC in November hard fork

All set for the November hard fork of Bitcoin Cash [BCH], the development team at Bitcoin Unlimited has started implementing the ruleset changes of Bitcoin ABC. Amongst these preparations, the developers also published BU version 1.5.0 last Sunday. Furthermore, the hard fork is scheduled to take place on 15th November. This version is believed to differ and contain many changes from the previous BU version released by the team. More so, the website run by BCH proponent Roger Ver also stated that the version is compatible with all the hard fork changes previously taken place on the Bitcoin Cash blockchain. However, the team has also informed the community that it is still waiting for support from Bitcoin SV. On Twitter, Bitcoin Unlimited posted regarding the update and wrote: “Bitcoin Unlimited’s #BitcoinCash version 1.5.0.0 is now available. Compatible with http://Bitcoincash.org spec, ergo with ABC 0.18.x for the 15 Nov 2018 general upgrade. “ In this version, the main changes made by the BU development team are the addition of configuration parameters to allow miners to specify their BIB135 votes, admission of multithreaded transaction admission to the mempool, parallelization of message processing, improvements to the Request Manager and more. Through BIB135, the team wants the miners to be able to start voting on the features that are to be added in the BCH hard fork on 15th November. For the miners who do not support the Bitcoin Cash hard fork at all can also vote for the features they want in the protocol, stated Andrew Stone, the lead developer at Bitcoin Unlimited. About the BIB135 voting system, Stone also mentioned that the features that are voted for will automatically be implemented. In his words: “BIP135 voting does enable the features automatically, but after a 3-month 75% or greater “yes” and a 3-month “grace” (time to implement the feature) period — So plenty of time” The post Bitcoin Cash [BCH] to possess all the rule-set changes of Bitcoin ABC in November hard fork appeared first on AMBCrypto.

a day ago

Ethereum [ETH] does not have scaling issues Bitcoin [BTC] does, says Comma.ai’s George Hotz

During the San Francisco Blockchain Week [SFBW], BCH DEVCON, series of global hackathons made its debut to the public. Recently, George Hotz, the Founder and Head of research at Comma.ai shared his thoughts on Ethereum, dApps, and Lightning Network. George stated that he had recently studied Ethereum’s Geth in full and according to him Ethereum was a great platform for bug bounties. He added: “If you like find the exploit you and you run it, then you get money very in exchange and it’s pretty cool” He further added that the contract itself was a bounty and individuals would not need a developer. If they are capable of hacking the contract then they get paid. In addition, the process is not illegal because a hacker would just be running a code on the Ethereum platform. George was asked about the ongoing developments and ICO projects where Ethereum was not able to handle the increased load and if Ethereum could overcome such problems of scalability in order to achieve global mass adoption. According to George, problems of scalability on the Ethereum platform was a myth and Bitcoin [BTC] was the only cryptocurrency which had scaling issues. He further added that Ethereum could have problems in scalability if they were used to run Crypto Kitties. However, he stated that “the truth is nobody uses dApps for anything”. George also spoke about Bitcoin and its scaling issues. He also commented on the Lightning network and if it was an appropriate solution for Bitcoins issues. George stated: “I just know that at one point in my life I paid $17 for a Bitcoin transaction and that does kind of stick with you I don’t know lightning looks complicated and like it doesn’t work or I would agree maybe it works” George Francis Hotz is an American hacker famous for unlocking the iPhone and allowing the phone to be used with other wireless carriers which is contrary to AT&T’s and Apple’s intentions. He also developed the limera1n jailbreak tool and bootrom exploit for iOS. As of September 2015, George is working on his vehicle automation machine learning company comma.ai. The post Ethereum [ETH] does not have scaling issues Bitcoin [BTC] does, says Comma.ai’s George Hotz appeared first on AMBCrypto.

a day ago

PR: Upgraded BitKan App Now Much Faster, Wallet Supports Most ERC20 Tokens

The BitKan mobile app has been upgraded to optimize the performance of the Markets function, greatly improving user experience while checking digital asset prices. The app’s wallet now supports most ERC20 tokens on the market today, as well as adding more news sources, optimizing startup speed, and shortening users’ waiting time, registration and login process. This is a press release provided by BitKan Major Improvements for Token Support With this upgrade, the wallet function has undergone major improvements. Up until now, the BitKan wallet has supported mainstream cryptocurrencies such as BTC, BCH, ETH, QTUM, DASH, SAFE. That now includes all tokens based on the ERC20 standard and Bitcoin (BTS). All this means it now covers over 98 percent of available cryptocurrencies in the market. The update will add Bitcoin (BTS) wallets and GAT wallets, as well as the USDC stablecoin wallet from Circle. Users can now do an ERC20 token search and add new token functionality. ‘Community Wallet’ Concept The new version of the “community wallet” concept promotes a more ecological layout for paying for content, plus community rewards and one-click airdrops for different projects. BitKan first launched its wallet function in 2013. It has proved well-secured thus far, and is supported and trusted by millions of users. The mobile app is available for both Android and iOS. BitKan thanks all its users, past, present and future, for their support. About BitKan BitKan was founded by four former employees of Huawei Technology in 2012. The startup has rapidly scaled to become one of China’s leading providers of cryptocurrency data and services, with recent expansion into Singapore, Tokyo and Hong Kong. Visit the BitKan homepage and download the mobile app here: Website: https://www.bitkan.com App: https://bitkan.com/app Follow us on our official accounts to find out about our latest announcements and updates: Facebook: https://www.facebook.com/bitkanofficial/ Twitter: https://twitter.com/BitKanOfficial Instagram: https://www.instagram.com/bitkanofficial/ Telegram: https://t.me/bitkan Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: The post PR: Upgraded BitKan App Now Much Faster, Wallet Supports Most ERC20 Tokens appeared first on BitcoinNews.com.

a day ago

Majority of Crypto Assets Are Highly Centralized, Research Finds

One of the central pillars of Bitcoin and cryptocurrency in general is that the system is decentralized, ensuring no single point of failure for adversaries to attack. However, new research has found the majority of assets in the ecosystem today to be highly centralized. Also Read: Crypto Hedge Fund Launches Retail Public Offering in Japan Taxonomy Report Reveals a Concentration of Crypto Power Cryptocompare, the cryptocurrency market data aggregator, has published a Cryptoasset Taxonomy Report. The nearly 80-page document is designed to provide investors, regulators and the industry with an independent classification of coins and tokens to help differentiate from a long list of ever-growing options. The report is based on an analysis of over 200 crypto assets, using more than 30 attributes and covering a range of economic, legal and technological features. Researchers analyzed these assets from a variety of perspectives including regulatory classifications, access and governance, market cap and volume data, level of decentralization, and distribution and supply concentration. Charles Hayter, CEO of Cryptocompare, said: “Daily, retail and institutional investment communities express an appetite to invest and develop investment products and instruments based on crypto assets. Key to this is the demand for a single, independent and trustworthy taxonomy offering transparency, consistency and confidence.” Just 16% of Cryptocurrencies Are Really Decentralized In the section on centralization and counter-party, the report identifies how regulators might approach their decision as to whether an asset is centralized and thus possibly deemed a security. A fundamental point the researchers found is that decentralized and open source projects may not rely on a central issuer. Using this distinction, the taxonomy has explored the extent to which crypto assets are de facto decentralized. The results of this analysis are quite disappointing for cryptocurrency proponents. Just 16% of crypto assets were found to be truly decentralized, with 55% categorized as centralized and the rest as semi-decentralized. Even just looking at payment tokens, defined as assets intended to provide a means of payment or value exchange which do not confer any claims upon the issuer, just 37% were found to be decentralized. Do you think decentralization matters with cryptocurrencies, and if so, to what extent? Share your thoughts in the comments section below. Images courtesy of Shutterstock and Cryptocompare. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post Majority of Crypto Assets Are Highly Centralized, Research Finds appeared first on Bitcoin News.

a day ago

Bitcoin Cash Speeds toward Blockchain Split as SV Client Receives Formal Release

Bitcoin SV, the Bitcoin Cash (BCH) software client published by blockchain development firm nChain, is now live on GitHub. Released this week, SV (short for “Satoshi Vision”) version 0.1.0 aims to place the fourth-largest cryptocurrency on track to fulfill pseudonymous developer Satoshi Nakamoto’s vision for Bitcoin to become electronic cash — or at least nChain’s...

a day ago

0x (ZRX) Price Up Over 15% as Coinbase Announces full support for ZRX on Coinbase.com

Leading Cryptocurrency Exchange Powerhouse, Coinbase, is seriously aiming to become the ‘Google of crypto‘ as it keeps on launching more updates and support for more altcoins. Coinbase Recently Announced that it has Added support for 0x [ZRX] On coinbase pro, now it has further extended it to coinbase.com and all of its sub-platforms including the coinbase android and ios apps. Users can now buy and sell ZRX as well as also store and receive ZRX Directly on their coinbase.com account just as its currently done with Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC) And Litecoin (LTC). Though ZRX Trading is not yet fully available for people in the United Kingdom and new york due to regulatory concerns, the support for people who reside in these regions will soon be provided once regulatory issues are sorted out. ZRX Up Over 15% ZRX Has been in the bullish train ever since the first initial announcement for the altcoin support on coinbase pro, it’s currently trading at $0.86 with a market capitalization of $469,811,500. Last Month Coinbase changed its entire listing process and opened doors for almost any Altcoin on Coinbase and now allows its users to select what asset they will like to be on coinbase, an asset will be listed only if it meets Coinbase’s standards and are compliant with local laws. What Other Altcoin will you like to see fully supported On Coinbase.com, let me know in the comments below. The post 0x (ZRX) Price Up Over 15% as Coinbase Announces full support for ZRX on Coinbase.com appeared first on ZyCrypto.

a day ago

Bitcoin Unlimited Adds ABC Client Upgrade Features for November’s Hard Fork

The Bitcoin Unlimited development team have published the full node clients’ Bitcoin Cash edition version 1.5.0, which includes an implementation of all the November 15 upgrade features from Bitcoin ABC. According to the development team, support for the Bitcoin SV team’s ruleset is “pending” and Bitcoin Unlimited’s lead programmer, Andrew Stone, has explained he would like to see miners voting on ABC and SV changes using the BIP135 bits standard. Also read: BCH Devcon Streamlines Bitcoin Innovation in San Francisco Bitcoin Unlimited Latest Version Adds Bitcoin ABC’s Ruleset Changes The Nov. 15 Bitcoin Cash network hard fork is approaching quickly and on Sunday the Bitcoin Unlimited (BU) programmers published BU version 1.5.0. The latest BU client is fully compatible with the BCH chain and previous hard fork consensus changes that took place in the past. BU’s 1.5.0 comes with some notable changes in contrast to the previous client release. Team developer Andrea Suisani (Sickpig) detailed that the BU software includes canonical transaction ordering (CTOR), the opcode OP_Checkdatasigverify (CDSV), an enforced “clean stack” rule, a “push only” rule for script-sig, a 100-byte minimum transaction size and more. This version means the BU implementation will be fully compatible with Bitcoin ABC’s ruleset changes, and on Twitter the developers have explained that SV support is “pending.” On the Reddit forum r/btc, BU’s lead developer Andrew Stone explained he hopes miners use the voting system the team collaborated on with the Bitcoin XT developers. “What I would really like to see is miners start voting based on the BIP135 bits that we defined together with Bitcoin XT — Miners that support the Nov. 15 hard fork could start voting for the SV features they support,” Stone stated on the forum. “Miners that don’t support the hard fork (even if that miner will follow the hash power majority come Nov. 15) should start using BIP135 to vote for the features it supports. A vote for a feature is basically saying ‘I like the feature, but I want a different activation mechanism.’” BIP135 Voting, Grace Periods, and Bitcoin SV Stone further detailed that if there is a significant amount of votes showing a majority consensus then they should stop the November fork or start BIP135 activation. The engineer continues by explaining that people don’t have to run BU to vote on these features as miners can set the BIP135 bits in their block version fields using mining pool software. Following these statements, a BCH community member asked the programmer if the BIP135 system enabled the features automatically. “BIP135 voting does enable the features automatically, but after a 3-month 75% or greater “yes” and a 3-month “grace” (time to implement the feature) period — So plenty of time,” Stone replied. Bitcoin Cash enthusiasts seemed pleased with BU’s new release on social media channels and forums. As the upgrade date gets closer, the Bitcoin SV team of developers have launched their latest full node client 0.1.0 release. In contrast to previous releases, the new code includes all three consensus changes which include re-enabled opcodes, more opcodes per script, and the 128MB block size increase. With Bitcoin SV dropping the newest version, BU may add the SV additions to the full node implementation, but as Stone stated, either way miners can now favor certain proposals using BIP135. Right now it’s hard to tell what will happen, as most of the community seems to be split on both sets of consensus changes and they are supporting the side they think will be best suited for the BCH network. News.Bitcoin.com spoke with the BU team developer Andrea Suisani and asked him if miners could choose to vote for all of the upgrade features proposed by both ABC and SV, or a mixture of each camp’s Nov. 15 features. Suisani explained miners could vote on all of the features proposed and even a mix. “This is the actual point of BIP135,” the programmer added. Now the pressing question remains: What will the BCH mining pools support come Nov. 15? What do you think about Bitcoin Unlimited’s latest version that includes Bitcoin ABC’s ruleset changes? Let us know what you think about this subject in the comments section below. Images via Shutterstock, and Bitcoin Unlimited and Bitcoin SV. At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published. The post Bitcoin Unlimited Adds ABC Client Upgrade Features for November’s Hard Fork appeared first on Bitcoin News.

a day ago

Markets Update: Stable Cryptocurrencies and Unstable Pegged Coins

Since our last markets update, cryptocurrencies have been steadily moving sideways as traders are patiently waiting for the next big move. On Wednesday, Oct. 17, bitcoin core has been hovering between $6,400-6,550, while bitcoin cash has been coasting along around $425-500 per coin. The market capitalization of all 2,000+ cryptocurrencies hasn’t budged much over the last two weeks and currently rests at $213.4 billion. Also read: Bizarro World: Federated Sidechain Technology Promoted Over Nakamoto Consensus Stablecoins Show More Action Than Most Cryptocurrencies This Week Markets have been trading in a triangular and consolidated pattern since the last big spike on Sunday, Oct. 15. That day, bitcoin core (BTC) spiked to a high of $6,760 on a few exchanges like Bitstamp, and bitcoin cash touched $501. Additionally, exchanges that use the stablecoin tether (USDT) saw BTC and BCH prices rise even higher than most spot markets and BTC values saw highs above $7,000. This market behavior was due to USDT dropping below the value of USD, hitting a low of $0.86 per token. Other stablecoins like TUSD, GUSD, and USDC saw significant volumes this week as lots of money poured into these specific markets. On Oct. 16, Circle’s stablecoin USDC grew 2,000 % in seven days on partner exchanges and that day’s USDC volume surpassed the week prior’s. During that time, other stablecoins like GUSD and TUSD rose above their dollar pegs while USDT dipped below. Following the jump in value, BCH and BTC prices have dipped a hair and USDT values have regained momentum. The Top Cryptocurrency Markets Bitcoin core markets are down today around 1% and one BTC is trading for $6,534 according to Satoshi Pulse data. Ethereum (ETH) prices are down 1.4%, as each ETH trades at $207 this Wednesday. Following behind ETH is ripple (XRP), which is up 1.8% over the last 24 hours. XRP prices are hovering around $0.46 at the time of publication. Lastly, EOS is down 0.68% today and the digital asset is swapped for $5.39 per coin. Overall, the top contenders are down between one to 13% over the last seven days of trading sessions. The top ten cryptocurrency markets on Oct. 17, 2018. Bitcoin Cash (BCH) Market Action Bitcoin cash spot markets are seeing BCH trade for $451 per coin with the currency’s value down 1.7% over the last 24 hours. Percentages are down even lower for the week as seven-day statistics show BCH has dipped around 11.7% this past week. The top five exchanges swapping the most BCH this Wednesday are Lbank, Hitbtc, Binance, Okex and Huobi. BTC is the top trading pair exchanged with BCH, capturing 41.8% of all spot market trades. This is followed by the trading pairs USDT (27%), ETH (16%), USD (5.2%), and KRW (5.2%). Bitcoin cash has the sixth-largest trading volume, as $301 million worth of BCH trades have been processed in the last 24 hours. BCH/USD seven-day. BCH/USD Technical Indicators Looking at the four-hour and daily Bitstamp and Bitfinex BCH/USD charts shows some serious sideways action since the last spike. Many other digital asset charts like BTC/USD are following similar patterns, as traders seem to be finding new positions over the last two days. Currently, the BCH four-hour relative strength index (RSI -40) oscillator is meandering in the midrange and not granting many clues. The two simple moving averages (100 & 200 SMA) indicate a change may be in the cards as the two look as though they will be crossing hairs soon. Oct. 17, 2018, BCH/USD Bitfinex Unless things change, the 100 SMA looks to be dropping below the 200 SMA trendline, showing the path toward the least resistance will be the downside. Order books show there are big hurdles for BCH bulls from now until $465 and another pitstop above the $500 region. If things change and the price heads south, BCH bears will be stopped at $415 and $390 respectively. The Verdict: Uncertainty Is in the Air The verdict this week depends on who you ask, but can be generalized with one word: uncertainty. Some traders believe a bearish-to-bullish change is imminent, while others think cryptocurrency prices may sink lower. BTC/USD and ETH/USD shorts are fairly high, but not as much as they were a few weeks ago. The consolidated tight pattern and lack of shorts this week show uncertainty in the minds of traders waiting for a breakout in either direction. Where do you see the price of bitcoin cash and other coins headed from here? Let us know in the comment section below. Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.” Images via Shutterstock, Trading View, and Satoshi Pulse. Want to create your own secure cold storage paper wallet? Check our tools sec

a day ago

Civil Fails to Raise $8M Minimum in ICO

Civil, a blockchain startup that has partnered with Forbes and The Associated Press, failed to reach the $8 million minimum target it set for its initial coin offering this week, suggesting an end to the days when promoters simply had to hint at collaborations with established companies to woo investors. Also Read: Nouriel Roubini Attacks Blockchain in Latest Rant A ‘Setback’ Rather Than a ‘Shock’ The team developing Civil, a self-defined journalism platform that aims to publish news content on its blockchain, has revealed that it will provide full refunds to the 1,012 people who took part in the ICO. It had initially planned to sell 34 million of its CVL tokens for between $8 million and $24 million. However, it had raised less than $1.5 million by the time it wrapped up the sale. Matthew Iles, the CEO of Civil, hinted at what he thinks might have been the problem by thanking the people who “were willing to jump through the hoops required to buy CVL tokens.” He also promised that the team had started planning a “much simpler token sale.” Last week, the Wall Street Journal reported that the startup had reached out to news organizations such as The New York Times, The Washington Post and Dow Jones for support. However, it only encountered skepticism over its promises to fix the funding problems plaguing the journalism industry. “It’s a setback for us, though not a shock,” Iles said. “We expected a different outcome when we launched the sale, but circumstances changed.” Not Giving Up Just Yet Despite the failure of its token sale, the Civil Foundation — a nonprofit entity designed to back independent newsrooms — still has a $3.5 million commitment from Consensys, which is why the team insists it is not raising the white flag just yet. In addition, both AP and Forbes have reportedly confirmed to Techcrunch that the failed ICO won’t impact their relationship with the project. “The Civil Media Company is here to stay,” Iles claimed. “We’re here to build, and we’re excited for this new beginning.” ICO projects fail all the time, of course. But Civil’s stumble is particularly notable because the platform recently grabbed headlines due to its partnership with two mainstream media organizations. Nonetheless, it still failed to reach its conservative minimum funding threshold, in spite of its high-profile connections. Perhaps investors did not see any value in the promise that Forbes would begin to publish metadata from some of its articles on the Civil blockchain in the coming year. Are ICO investors becoming more selective in general, or is the Civil debacle a unique case? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post Civil Fails to Raise $8M Minimum in ICO appeared first on Bitcoin News.

a day ago

BTCC Launching Cryptocurrency Exchange in South Korea

Hong Kong-headquartered cryptocurrency exchange BTCC is reportedly launching services in South Korea this month. In addition to a cryptocurrency exchange, the company will offer a wallet service, a mining pool, and a consumer payments service, according to its Korean website. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals BTCC Expanding Into South Korea BTCC, formerly known as BTC China, is launching services in South Korea on Oct. 31, according to the Investor. The beta service will start this month and the exchange “will make its official debut in November,” the publication added. “The world’s first cryptocurrency exchange BTCC is preparing to open in Korea,” the company wrote on its Korean website’s homepage. Four services are listed: an exchange, a wallet service, a mining pool, and a service to facilitate consumer payments. “BTCC is establishing an on / offline payment system using cryptocurrency,” its website states, adding that it “is expanding services for real-life use.” The news outlet elaborated: BTCC said it will expand its footprint through strategic tie-ups with local and global firms. Founded in 2011, BTCC was one of the largest cryptocurrency exchanges in the world by trading volume before the Chinese government cracked down on cryptocurrencies and initial coin offerings (ICOs) in September last year. The government’s action caused all major cryptocurrency exchanges to exit China and move their operations overseas. Following the crackdown, BTCC shut down its operations in China and re-launched its services in Hong Kong. The company is now headquartered in Hong Kong but serves a global customer base. The new BTCC exchange offers the trading of five cryptocurrencies against the USD — BTC, BCH, ETH, LTC, and DASH. In addition, the latter four cryptocurrencies can be traded against BTC. The BTCC Korea exchange, however, has not announced which coins will be supported. Cryptocurrencies supported on the main BTCC website. Korean Cryptocurrency Ecosystem The South Korean cryptocurrency market is dominated by four exchanges: Upbit, Bithumb, Coinone, and Korbit. Bithumb is the largest cryptocurrency exchange in the country by trading volume while Upbit is the largest by the number of coins listed. Upbit, which offers the trading of 164 coins in 276 markets, is a partner of U.S.-based exchange Bittrex and is backed by Kakao Corp., the operator of the country’s most popular chat app, Kakao Talk. On Oct. 12, Bithumb confirmed that it was sold to a consortium led by a well-known plastic surgeon, as news.Bitcoin.com previously reported. Another major cryptocurrency exchange that exited China and entered the South Korean market following the Chinese government’s crackdown is Huobi. The exchange launched its Korean operations in March, offering the trading of over 100 coins in over 200 markets, according to its website. What do you think of BTCC expanding into South Korea? Let us know in the comments section below. Images courtesy of Shutterstock and BTCC. Need to calculate your bitcoin holdings? Check our tools section. The post BTCC Launching Cryptocurrency Exchange in South Korea appeared first on Bitcoin News.

a day ago

Trump Trade War Tariffs Compound Bitmain IPO Woes

Bitmain’s beleaguered IPO faces further challenges as the latest Trump tariffs hit mining hardware. The situation is also likely to affect planned IPOs by Canaan and Ebang according to the South China Morning Post. Financial Controversy Bitmain must have hoped that the controversy regarding its oft-touted IPO was behind the company. At the end of September, Bitmain publicly released its financial standings for the first time. Following this announcement, the company finally filed for the Hong Kong-based IPO — although it didn’t release any further data regarding valuations or share price. Despite confirming widely expected Q2 2018 losses, as well as wasted production costs totaling close to $1 billion, the news wasn’t all bad. It even sparked a temporary rally on bitcoin cash. Bitmain is heavily invested in bitcoin cash, reportedly losing between $300-500 million dollars on the currency. With BCH prices back to pre-IPO-filing levels, US trade tariffs are the last thing the company wants. Reclassification The first hints of trouble ahead arrived in June when the office of the US Trade Representative reclassified mining rigs. Hardware like Bitmain’s Antminer S9 became classified as “electrical machinery apparatus,” and were subsequently subjected to a 2.6 percent tariff. This also meant that the mining rigs fell under the list of goods subject to 25 percent tariffs in President Trump’s ongoing trade war with China. These additional tariffs came into force in August, so mining hardware shipped to the US now faces a 27.6 percent tariff. The previous classification of mining rigs as ‘data processing machines’ meant they were not subject to tariffs at all. Biggest Exposure Overseas sales have accounted for over fifty percent of Bitmain’s revenue in 2016 and 2017. Specific geographic figures are unavailable but, as the largest ASIC manufacturer, tariffs will undoubtedly affect an (un)healthy proportion of this figure. By contrast, Canaan and Ebang reported overseas sales of 8.5 and 3.8 percent respectively, leaving them far less exposed. The tariffs are likely to make Chinese mining hardware less competitive in the US compared to international rivals. How hard this impacts the companies who produce it remains to be seen. Bitmain state in their IPO prospectus that financial figures could be amended through significant tax changes “due to economic and political conditions.” What do you think about the effects of Trump’s tariff? Don’t hesitate to let us know in the comments below! Images courtesy of Bitcoinist archives, Shutterstock. The post Trump Trade War Tariffs Compound Bitmain IPO Woes appeared first on Bitcoinist.com.

a day ago

PR: Crypto Exchange CoinCola Announces Partnership with Dash - Launches in Venezuela

Bitcoin Press Release: Hong Kong-based cryptocurrency exchange CoinCola has chosen Venezuela as their first new market. Best known for its peer-to-peer OTC cryptocurrency platform, CoinCola allows traders to buy and sell bitcoin using their local fiat currency. October 11th, 2018. Hong Kong. The exchange will also enter a strategic partnership with Dash in a bid to increase the flow and accessibility of digital currencies in the Latin American country. As part of the partnership, CoinCola will be adding the Dash coin to their OTC platform and offer a 0% trading fee for all dash transaction until October 31st, 2018. Venezuelan traders can also earn 50% commission for trades completed through the CoinCola Refer a Friend program. On the partnership with Dash, CoinCola Founder and CEO Allan Zhang, said: “CoinCola is averaging 100,000 transactions every month on our platform. We are the second largest public OTC platform in the world by transaction volume and at this time 95% of total transactions are from Asia. With our partnership with Dash, we will be truly global. We decided to partner with Dash because it is the most efficient digital currency for payments, offers the lowest fees, and provides ‘InstantSend’ technology. Dash represents a strong presence in Venezuela, Latin America, and the rest of the world. We are very selective in with which coins we list to our platform and we are proud to now offer Dash to Venezuelan users.” Dash, through its instant digital cash payment mechanism, has established a growing presence in Venezuela with over 1,450 merchants including grocers, restaurants and retail outlets accepting the cryptocurrency. The organisation’s ‘Dash Treasury DAO’ - a decentralized investment fund - has granted over $33 million-worth of dash since 2015. Together with Dash, CoinCola is aiming to increase the adoption of cryptocurrencies in Venezuela by facilitating safe and secure trading at a low cost. Venezuela’s rapid rate of inflation has rendered the national currency almost worthless, with citizens facing severe shortages of amenities such as food and medicine. Cryptocurrency adoption in Venezuela - Dash in particular - has surged as the country looks towards a more transparent and stable means of storing and exchanging capital. With both OTC and coin-to-coin pair trading, competitive fees and additional incentives for local users, CoinCola is aiming to bring much needed accessibility and diversity to the Venezuelan cryptocurrency market. About CoinCola CoinCola is a Hong Kong-based cryptocurrency exchange offering both over the counter (OTC) trading and coin-to-coin pair trading in one integrated platform. They offer fast, secure and easy-to-use trading services at competitive fees. The CoinCola OTC Marketplace allows people around the world to use their local fiat currency to buy and sell bitcoin (BTC), ethereum (ETH), dash (DASH), litecoin (LTC), tether (USDT) and bitcoin cash (BCH). Trading is done on a person-to-person basis and transactions are completed via secure online escrow. The CoinCola Exchange allows users to expand their portfolio by trading one digital currency for another. CoinCola offers bitcoin (BTC) and tether (USDT) as base currencies and supports a growing list of crypto-to-crypto trading pairs. The CoinCola mobile app allows users to stay on top of the markets and securely access their account on the move. About Dash Dash is the leading e-commerce and payments-focused digital currency, and the rising alternative to bitcoin. Experiencing significant growth since its beginnings in 2014, Dash is now accepted at more than 3,000+ merchants, including 1,450 in Venezuela, in addition to being accessible via 400+ ATMs and 90+ exchanges worldwide- making it one of the few offering safe, decentralized financial solutions to real world problems. Dash offers a form of money that is portable, inexpensive, divisible, and fast. It can be spent easily and instantly online at merchants across the globe, at much lower fees than credit and debit cards. With over 60 members on the core team and a unique blockchain mining and treasury model, Dash is the only major self-funded, self-governed organization in the cryptocurrency industry. This allows for constant development and funding for the entire project. CoinCola website: www.coincola.com Telegram: https://t.me/coincolainternational Facebook: https://www.facebook.com/CoinCola/ Twitter: https://twitter.com/CoinCola_Global Dash website: www.dash.org Telegram: https://t.me/dash_chat Facebook: https://www.facebook.com/DashPay/ Twitter: https://twitter.com/dashpay Media Contact Name: Petra Thach Email: Petra.thach@coincola.com CoinCola is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only

2 days ago

Bitcoin Cash Price Analysis: BCH/USD Could Break Towards $472

Key Points Bitcoin cash price is holding the $440 support and is trading with a positive bias against the US Dollar. There is a contracting triangle in place with support at $445 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to break to the upside towards the $460 and $472 resistance levels. Bitcoin cash price is positioning for more gains against the US Dollar. BCH/USD must break $452 to gain momentum towards $460 and $472. Bitcoin Cash Price Analysis There was a slow and steady rise noted above the $440 level in bitcoin cash price against the US Dollar. The BCH/USD pair climbed above the $450 level and settled above the 100 hourly simple moving average. Moreover, there was a break above the 23.6% Fib retracement level of the recent decline from the $483 high to $436 low. However, the price failed to clear the $455-460 resistance zone. There was no test of the 50% Fib retracement level of the recent decline from the $483 high to $436 low. At the outset, the price is consolidating above the $440 and $442 levels. There is also a contracting triangle in place with support at $445 on the hourly chart of the BCH/USD pair. The pair is likely to make the next move above the $452 resistance as long as it is above the 100 hourly SMA. On the upside, the price has to break the $459-460 resistance to accelerate gains towards the $472 level. Looking at the chart, BCH price is positioned nicely above the $440 support and the 100 hourly SMA. If buyers remain in action, there are high chances of an upside break above $452 and $460 in the near term. Looking at the technical indicators: Hourly MACD - The MACD for BCH/USD is slowly moving in the bullish zone. Hourly RSI (Relative Strength Index) - The RSI for BCH/USD is currently above the 50 level with a tiny bearish angle. Major Support Level - $440 Major Resistance Level - $460 The post Bitcoin Cash Price Analysis: BCH/USD Could Break Towards $472 appeared first on NewsBTC.

2 days ago

Dr. Craig Wright Talks about Smart Contract Registries

Craig Steven Wright, who has claimed himself as the identity behind the pseudonym Satoshi Nakamoto, recently said in a Medium post, that smart contracts could do an incredible job in breaking down the specifics of any registry platform. He pointed out that smart contract can solve the issues on redundancy with contract management. To solve these issues, requirements should be followed, including definition of the contract, building proper mechanisms. He also noted that the Bitcoin BCH blockchain already includes a number of features that make contract creation a breeze. At the time of writing, BCH is trading at $457.41, down 0.41% in the last 24 hours. (RL)

2 days ago

BitPay Introduces Stablecoin-Based Settlement for All Merchants

Dealing with cryptocurrency payments is still somewhat risky. Fluctuating values can make a lot of retailers Bitcoin-averse. BitPay, the leading payment processor, is trying to offer a viable alternative. Instead of settling BTC and BCH payments in just fiat currencies, they now support two stablecoins as well. An Interesting Decision by BitPay Processing cryptocurrency transactions has made BitPay a very successful company over the years. Their acceptance of Bitcoin has been a big selling point during the early stages. Recently, the firm also allowed Bitcoin Cash transactions to occur. It shows there is a lot more to cryptocurrency than just Bitcoin itself. BitPay is now taking a different step to beef up their existing offering. The company is intent on getting more people to accept cryptocurrency payments. Their existing services will remain in place, yet an interesting addition has been made. Clients can now receive their payouts in stablecoins, alongside fiat currencies. Both Gemini Dollars and Circle USD Coin are officially supported as of this week. Both of these stablecoins are relatively now. These companies are both regulated service providers which allows them to represent US dollar holdings as blockchain tokens. Each Gemini Dollar or Circle USD Coin is backed by $1. These currencies can be converted to US Dollars on their respective platform. Additionally, they can be used on other platforms and traded against cryptocurrencies. Why Does it Even Matter? On the surface, this decision might not make sense to everyone. At the same time, merchants often acknowledge dealing with fiat currencies can be a hassle. Having a digital and backed representation of the US Dollar can be quite beneficial in the long run. Giving merchants more options is always a top priority for BitPay. There is also a portion of BitPay users who do not have a supported bank account. As such, they are ineligible for fiat currency settlement, which is very problematic. Offering stablecoin settlement can offer some relief, at least until the bank account situation improves. It is another example of how blockchain-based assets are borderless first and foremost. Both of these stablecoins can provide settlement to everyone in the world. With no added volatility to be concerned about, settlements become frictionless. For BitPay, it is a gamble worth taking, as they may attract more clients in the long run. It is all about empowering users and giving them plenty of options to choose from. What do you think about BitPay’s decision to include stablecoins as a payment option? Let us know in the comments below. Images courtesy of ShutterStock The post BitPay Introduces Stablecoin-Based Settlement for All Merchants appeared first on Live Bitcoin News.

2 days ago

Bitcoin Unlimited Latest Version Adds Bitcoin ABC’s Ruleset Changes

The Bitcoin Unlimited (BU) programmers published BU version 1.5.0 on Sunday before Bitcoin Cash network hard fork happens on Nov, 15. It is reported the latest BU client is fully compatible with the BCH chain and previous hard fork consensus changes that took place in the past. Andrew Stone, BU’s lead developer, also explained that he would like to see miners voting on ABC and SV changes using the BIP135 bits standard. At the time of writing, Bitcoin Cash (BCH) is trading at $6,580.92, down 0.12% in the last 24 hours. (RL)

2 days ago

Bitcoin Cash [BCH] goes full steam ahead on the back of developmental announcements

Bitcoin Cash [BCH] has been on a roll over the past week with various announcements and developments being released from the house of BCH. The previous week also saw Roger Ver, the CEO of Bitcoin.com talk about his idea of venturing into the cryptocurrency exchange space, during an interview conducted in Malta. Bitcoin Cash was given another boost on the media front when Ver stated that BCH will be the base currency for the proposed exchange. Roger Ver did not back down on his support for Bitcoin Cash with the CEO recently revealing that wallet users will be able to spend BCH at outlets such as Walgreens, Walmart, Safeway, and Home Depot. The past couple of days have also been kind to the cryptocurrency with Bitcoin Cash surfing on the bull wave. The recent bullish wave saw the cryptocurrency spike in value after a long-term sideways price movement. In other Bitcoin Cash news, it was revealed that the developers in the Bitcoin Cash ecosystem were working on a project called Cashshuffle. Under this, a concept called Tokenshuffle was formed by the community developers to anonymize BCH transactions. The developers have reportedly been focused on the fungibility aspect of the coin over the past few months. The main developer of Tokenshuffle had stated: “Tokenshuffle is a protocol for anonymizing Bitcoin Cash (BCH) and improving its fungibility. This protocol is loosely based on the ideas in Coinjoin and Coinshuffle, and is intended to be implemented as a light-weight web app that people can anonymously interact with.” The post Bitcoin Cash [BCH] goes full steam ahead on the back of developmental announcements appeared first on AMBCrypto.

2 days ago

Cointext Launches Bitcoin Cash SMS Wallet in Argentina and Turkey

Cointext began offering its new SMS-based bitcoin cash wallet service on Oct. 15 in Turkey and Argentina, two countries in which cryptocurrency use has been rising sharply in response to dire economic conditions. Also read: Binance Launches Fiat-to-Crpto Exchange in Uganda Mobile Wallet Handles BCH Transactions by Text Message “Bitcoin is better money,” Vin Armani, founder and chief technology officer of Cointext, said in an online statement. “Many Turks and Argentinians already understand this due to high inflation. We are excited to provide tools to help them use cryptocurrency.” The U.S. fintech startup claims that its Cointext wallet, which facilitates BCH transactions via text message, does not require an internet connection, additional apps, special accounts or passwords, “making it very easy to introduce new people to cryptocurrency.” Cointext said the service works on all types of mobile phones, including old Nokia flip phones. “If your phone can send and receive SMS messages with your telecom service, you can use Cointext,” the company explained. Economic Crises Support Crypto Growth Cryptocurrency use is soaring in the face of the deteriorating economic situation in Argentina and Turkey. Enthusiasts often cite the two countries as prime examples of the folly of excessive state economic control. This year, the Argentine peso and Turkish lira have fallen sharply against the U.S. dollar. On a year-to-date basis, the peso is down about 60 percent, while the lira has fallen approximately 40 percent. Annual inflation in the two countries is at its highest in years. According to official estimates, inflation peaked in August at 34.4 percent in Argentina. In Turkey, it hit 24.5 percent in September, its highest point in 15 years. However, U.S. economist Steve Hanke has said that he believes both figures have been severely understated. In his own estimation, annual inflation is running at 66 percent in Turkey and 116 percent in Argentina. In light of these issues, a growing number of people in the two countries have started looking to cryptocurrencies as a safe haven, to help them store value and make overseas payments. In Turkey, for example, investors continue to flee the plunging lira in favor of bitcoin. And in Argentina, about 30 bitcoin ATMs are expected to be installed throughout the country by the end of this year. Chicago-based Athena Bitcoin started operating the country’s first bitcoin ATM at a shopping mall in Buenos Aires in September. Simple Interface Virtual currencies present an incredible opportunity for people in Argentina and Turkey to freely and quickly conduct transactions on their own terms, and Cointext appears eager to cash in on rising demand. “Before Cointext, you had to download a software wallet or join an exchange to get your first cryptocurrency,” said Armani. “And to onboard your friends, you had to convince them to do the same process. Now you can just text money to their phone.” The Cointext wallet can be controlled with simple text commands. Users can send funds to domestic and foreign mobile phone numbers. By simply entering a 2FA code, individuals can ensure that their transactions are quickly settled on the BCH blockchain. In its press materials, Cointext describes itself as a company that is “built on a foundation designed for a full suite of cryptocurrency solutions including touchless payments, streaming money, and for the Internet of Things.” What do you think about Cointext’s text-based BCH wallet service? Let us know in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com The post Cointext Launches Bitcoin Cash SMS Wallet in Argentina and Turkey appeared first on Bitcoin News.

2 days ago

Crypto OTC Exchange CoinCola Now Supports Dash, Enters Venezuelan Market

Hong Kong-based OTC cryptocurrency marketplace CoinCola has announced support for InstantSend cryptocurrency Dash, and has initiated an expansion of its services to the Venezuelan market. Over the counter (OTC) exchanges are one of the most effective ways of liquidating digital assets to local fiat currencies through secure online escrows. CoinCola is one of those crypto marketplaces, offering both coin-to-coin and coin-to-fiat exchange through OTC. CoinCola Going Global CoinCola, being over a year old in Hong Kong, is expanding the borders of its OTC exchange reach to an international market. Their mission is to give people a more secure and easy way to trade cryptocurrencies and be able to transact using their local fiat currencies. Users of the OTC marketplace can exchange their local fiat currency to BTC, ETH, BCH, LTC, USDT and now Dash. They can also exchange from crypto back to local currency. Under the core values of transparency, security, and efficiency, CoinCola currently boasts of 100,000 transactions monthly. CoinCola’s first stop in the international market is in Venezuela, where they will unveil their flagship product to the Latin American country with the Dash cryptocurrency trade pair. They will allow a limited trading fee of 0% for Dash transactions from the time of launch till October 30. To further facilitate this expansion, their mobile app — available in both iOS and Android — now has support for both the Spanish and English languages. Some of the other promotional offers to the Venezuelan users include a 0% transaction fee (excluding trade advertisements), a discount fee of 0.5% when advertisements are placed on the platform (normal fees are set at 0.7%), and a 50% commission reward when users refer their friends. Partnership With Dash The Dash project started in 2014 and is one of the most successful digital cash crypto payment projects. It has established a reputation among merchants around the globe with its InstantSend feature. Its current merchant listing covers 8 popular locations to include America, Australia, Austria, Canada, Columbia, Germany, United Kingdom, and Venezuela. Venezuelan residents are quite familiar with the crypto, topping the merchant listing with a record of over 2007 merchants to include grocery stores, restaurants, and retail outlets within the country currently adopting the cryptocurrency. The newly initiated partnership by CoinCola is expected to leverage the core advantages of Dash crypto in order to increase the adoption of cryptocurrencies in the Latin American country and beyond. According to Allan Zhang, CEO, and Founder of CoinCola: “CoinCola is averaging 100,000 transactions every month on our platform. We are the second largest public OTC platform in the world by transaction volume and at this time 95% of total transactions are from Asia. With our partnership with Dash, we will be truly global. We decided to partner with Dash because it is the most efficient digital currency for payments, offers the lowest fees, and provides ‘InstantSend’ technology. Dash represents a strong presence in Venezuela, Latin America, and the rest of the world. We are very selective in with which coins we list to our platform and we are proud to now offer Dash to Venezuelan users.” The ongoing inflation challenges in Venezuela has exposed its residents to alternative economic options of exchanging capital. Cryptocurrency adoption is surging rapidly within the region especially with the likes of Dash. CoinCola’s expansion to the Venezuelan market is aimed at introducing a competitive fee, diverse and incentivized option to the residents. To learn more, visit the website: www.coincola.com Connect on Medium: https://medium.com/coincolaofficial Chat on Telegram: https://t.me/coincolainternational This is a sponsored article and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research. The post Crypto OTC Exchange CoinCola Now Supports Dash, Enters Venezuelan Market appeared first on NullTX.

2 days ago

Crypto Hedge Fund Launches Retail Public Offering in Japan

Epoch Partners launched the retail public offering for a new hedge fund in Japan this week that will focus on cryptocurrencies and digital assets. Subscriptions for the offering, which opened on Oct. 15, have been capped at 100 billion yen ($892 million). Also Read: Research: 1 of 5 New Hedge Funds in 2018 Is a Crypto Fund Diverse Crypto Exposure for Japanese Investors The company, which is based in the Cayman Islands, said the new Epoch Digital Assets fund will invest in a range of investment vehicles with broad exposure to various cryptocurrencies, initial coin offerings and other digital assets. The hedge fund, which will seek aggressive returns while attempting to offset volatility, aims to offer retail investors diversified exposure to the crypto market via small investments. Teneo Partners will market the fund in Japan in cooperation with a number of other undisclosed securities firms throughout the country. “As a fully licensed Japanese securities company that specializes in offering offshore alternative funds to Japanese investors, we are delighted to be working with Epoch Partners,” said Stanley Howard, CEO of the Tokyo-based firm. “The ability to offer a truly unique diversified digital asset fund to our distribution and investor networks allows us to more fully address the increasingly diverse investment needs of our clientele and to differentiate ourselves from our competitors within the Japanese securities industry.” Enormous Potential James Skinner, a partner at Epoch Partners, described Japan as a “leader” in the promotion of cryptocurrencies and digital assets. “They were the first market to create a proper regulatory framework for cryptocurrencies, and as such can be seen as the world pioneer in this area,” he said. “We were very keen to undertake the world’s first public offering of a cryptocurrency fund in Japan and look forward to great things ahead.” However, Skinner added that he still sees plenty of room for growth in the country. “The asset class is still young, but the movement to more institutional players like Goldman Sachs and Nomura entering the space shows the great potential of this area,” he explained. “In the future, digital assets are likely to become an integrated part of investment portfolios, similar to equities and fixed income products today, albeit on a smaller scale.” Is Japan set to become the world’s crypto finance capital? Share your thoughts in the comments sec