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Tag Archives: bitcoin cash

Bitcoin’s Correlation With Altcoins Declines in Q2

Jul 7, 2019

Olusegun Ogundeji

The average correlation between Bitcoin and most other large cryptoassets declined in Q2 2019 unlike the previous quarter, a Binance's Crypto-Correlations Review has shown. Though general correlations amongst other cryptoassets remained quite high in Q2, the report says Bitcoin's corre...

OTC Cash Trades: LocalBitcoins Out, Local.Bitcoin In

Jun 6, 2019

Olusegun Ogundeji

Bitcoin Cash (BCH) has become the latest to join the over the counter (OTC) fold as popular platform, LocalBitcoins, stopped cash-based Bitcoin (BTC) transactions after nine years. The Roger Ver-led BCH this week launched local.bitcoin - which is reported to have been in the work...

Claims of ‘51% Attack’ on Bitcoin Cash Sparks Debate

May 26, 2019

Olusegun Ogundeji

An alleged 51% attack and recent reversed transactions on the Bitcoin Cash (BCH) network have sparked morality discussions with some even suggesting an 'unintentional split'. The debate centres on whether two big mining pools were right to have reversed any transaction on the network. To som...

US Lawsuit Against Jihan, Ver, Others Not Going Away

Mar 21, 2019

Olusegun Ogundeji

Efforts to make a lawsuit against Jihan Wu, Roger Ver and others in a US jurisdiction case go away has been thwarted. The defendants - Jihan, Ver, Bitmain Group,, Jesse Powell, Kraken, Amaury Sechet, Shammah Chancellor and Jason Cox - filed a motion to dismiss an ac...

Payment Processor Rejects Roger Ver’s $1.25m Listing Offer

Jan 1, 2019

Olusegun Ogundeji

Bitcoin Cash's Roger Ver has deemed a response by a payment processor startup which reportedly rejected a $1.25 mln he offered to get his cryptocurrency on their platform as tribalistic. OpenNode claims Ver's offer is against their belief that "a better, more open financial system is only pos...

Hashrate Drop: Estimated 1.3 mln Bitmain S9 Miners Switched off

Dec 11, 2018

Olusegun Ogundeji

Bitcoin hashrate has fallen by about 31% since the start of November 2018, says BitMex in its recent crypto market analysis in the wake of a general price decline. The crypto exchange notes that the reduced hashrate, which it estimates represents a switch off of almost 1.3 million Bitmain S9 ...

Bitcoin Cash Going Down as Stellar Warms up

Nov 24, 2018

Olusegun Ogundeji

Bitcoin Cash's market cap has been cut in half since the Nov. 15 hardfork which birthed the Bitcoin ABC and Bitcoin SV chains. Now at a mere $3.5 bln and a unit price of ~$201 as at the time of writing, Bitcoin Cash is suffering similar market fate as others in the top 20 ranking as the...