Author: Editorial Team

Bitcoin Cash Now Third Highest Valued Cryptocurrency Market Cap

On August 1st the Bitcoin blockchain forked into two separate networks producing a digital currency called Bitcoin Cash (BCH). Currently, there’s been a total of twelve BCH blocks mined so far as two mining pools have been dedicating resources to the forked chain. Bitcoin Cash Becomes the Third Highest Valued Cryptocurrency Market Cap   Yesterday we reported on the genesis day of — Bitcoin Cash — A historical event that will be forever remembered in cryptocurrency history as people witnessed the Bitcoin ‘community’ go separate ways with entirely different visions. Since the split, the price of BTC has consistently remained stable...

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Nchain and Bitcoin Unlimited Promote Bitcoin Scaling Initiatives Amid Hard Fork

Prior to the bitcoin cash hard fork, research firm Nchain conducted a workshop with the Bitcoin Unlimited (BU) team. The intent of the meeting was to signal joint support for new bitcoin scaling initiatives. The two groups explored ways to achieve greater bitcoin scaling in order to grow overall network capacity. They met in Vancouver, Canada on July 26.  According to an Nchain press release, the meeting focused on ways Nchain can help enhance the Bitcoin Unlimited protocol. Nchain is supposed to make the software into a “certified,” next generation version. The software will be rigorously tested for quality...

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Fork Watch: Japanese Exchanges Embracing Bitcoin Cash Post-Fork

As Bitcoin Cash (BCC, BCH) blocks are being mined, all major Japanese exchanges are gearing up to credit their customers with the new cryptocurrency. A growing number of exchanges have already set a date to start trading Bitcoin Cash, while others are still in the planning stage. Following the August 1 hard fork, all major Japanese bitcoin exchanges announced that they will soon credit their customers with Bitcoin Cash, the new cryptocurrency created as Bitcoin’s blockchain diverged into two separate blockchains today. For every bitcoin held by customers at the time of the fork, the same number of BCC...

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BTC-e Closure: Clients Are Mt. Goxed by the U.S. – A New Front in Crypto Wars

For the first time, the U.S. government attacked a foreign exchange on foreign soil. It closed down the Russian-based exchange BTC-e. (Russian-based refers to ownership, not location.) BTC-e reported, “On July 25…the FBI staff came to the data center…and seized all equipment, the servers contained databases and purses of our service.” BTC-e is charged with 21 violations of U.S. financial law; the Financial Crimes Enforcement Network also hit it with a $110,003,314 penalty. The move was stunning not only because BTC-e is one of the oldest and largest exchanges but also because many now locked accounts are owned by...

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Fork Watch: First Bitcoin Cash Block Mined Included Over 6K Transactions

As Bitcoin.com reported earlier today, Bitcoin Cash miners initiated the beginning of the fork on August 1 at 12:37 p.m. UTC at block height 478558. Now, six hours later Viabtc mined the first Bitcoin Cash block (nr 478559) at 6:14 pm GMT. This was followed by the second block (nr 478560) that was also mined by the mining pool Viabtc. Bitcoin Cash is Born The Bitcoin Cash blockchain has successfully split away from the legacy chain as of block 478559. The block was mined by the China-based mining pool Viabtc at 2:14 pm EDT (6:14 GMT) and the pool...

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