Bitcoin Cash

Satoshi Nakamoto’s Confidant Gavin Andresen Throws Support Behind Bitcoin Cash

2 months ago 7ring Comments Off on Satoshi Nakamoto’s Confidant Gavin Andresen Throws Support Behind Bitcoin Cash
Technology Gavin Andresen is the latest significant player in bitcoin to pledge support for bitcoin cash, referring to it as the chain most true to Satoshi’s original vision. In a tweet published on the 12th of November, Andresen has emphasized his belief that the high fees associated with BTC are undermining it as an effective Read More

Confusion and Euphoria As Bitcoin Cash Surges Past $30 Billion

2 months ago 7ring Comments Off on Confusion and Euphoria As Bitcoin Cash Surges Past $30 Billion
“BITCOIN CASH IS BITCOIN NOW.” Issued by Li Ang, head of China-based bitcoin mining outfit Canoe Pool, the proclamation may not be distinguishable from typical cryptocurrency banter. However, the difference this time around is the context. No idle statement, Ang’s comment comes amid what can only be characterized as one of the biggest migrations of Read More

Lightning Must Strike Soon, Bitcoin Facing Backlogs as Scalability Solution Awaited

2 months ago 7ring Comments Off on Lightning Must Strike Soon, Bitcoin Facing Backlogs as Scalability Solution Awaited
At press time, the Bitcoin network is currently facing a backlog of over 135,000 unconfirmed transactions and fees have soared. This comes days after the proponents of the SegWit2x scaling solution announced they wouldn’t move forward with a doubling of Bitcoin’s block size due to lack of consensus. Since larger blocks are clearly dead in Read More

No SegWit2x Makes Bitcoin Cash Shine Amidst Crypto Bloodbath

2 months ago 7ring Comments Off on No SegWit2x Makes Bitcoin Cash Shine Amidst Crypto Bloodbath
Market observers expected hot money to flow from Bitcoin to altcoins after the Segwit2x hardfork was cancelled. Instead, the entire altcoin market seems to have crashed along with Bitcoin, while Bitcoin Cash surges by 55% to reach $992. Bitcoin takes the crypto market down If altcoin backers hoped that the cancellation of Bitcoin’s November Segwit2X hard Read More

‘2x’ Boost? Bitcoin Cash Closes on Record High

2 months ago 7ring Comments Off on ‘2x’ Boost? Bitcoin Cash Closes on Record High
Bitcoin cash is on fire today. As per CoinMarketCap data, the bitcoin cash-U.S. dollar (BCH/USD) exchange rate rose to a three-month high of $872.24 at 11:29 UTC. The cryptocurrency’s record all-time high of $920 was set on Aug. 19. As of writing, the cryptocurrency is trading at $800, and has climbed 27 percent over the Read More

Vietnam Bans Bitcoin Payments, Global Markets Unfazed

3 months ago 7ring Comments Off on Vietnam Bans Bitcoin Payments, Global Markets Unfazed
Four days have passed since the State Bank of Vietnam had announced that cryptocurrencies are illegal means of payment in the country. Prime Minister Nguyen Xuan Phuc, the official who shut down Bitcoin payments, has achieved his goal of building the new legal framework for cryptocurrencies in Vietnam. His solution? Ban all cryptocurrencies. Following Indonesia, Read More

Bitcoin May Change it All: Brief History of Interest, Inflation

3 months ago 7ring Comments Off on Bitcoin May Change it All: Brief History of Interest, Inflation
Interest is a subject with a very chequered history that today works hand-in-hand with inflation to control the world’s major economies. The story of interest is as old as that of money, but recently digital currencies have begun to add a major wrinkle. Once humans had invented currency to facilitate trade it became a common Read More

Credit Suisse CEO Has No Appetite for Bitcoin, Cries “Bubble”

3 months ago 7ring Comments Off on Credit Suisse CEO Has No Appetite for Bitcoin, Cries “Bubble”
While the lack of regulation and use by criminals once formed the basis of attacks on Bitcoin, “bubble” is the latest condemnation used by skeptics. Credit Suisse CEO Thiam used the same logic to attack Bitcoin. Speaking at a news conference in Zurich, Thiam said: “From what we can identify, the only reason today to Read More

Goldman CEO Sees Bitcoin in the ‘New World’

3 months ago 7ring Comments Off on Goldman CEO Sees Bitcoin in the ‘New World’
Goldman Sachs as a company has gone through a range of emotions when it comes to Bitcoin. They are now slowly coming around to it and as a consequence CEO Lloyd Blankfein can see it as a currency of the New World. Blankfein admits that he has not yet invested in the controversial on Wall Street Read More

Poloniex Gets Fake Google Play Apps Which Steal User Funds

3 months ago 7ring Comments Off on Poloniex Gets Fake Google Play Apps Which Steal User Funds
Researchers have unearthed a further Bitcoin virus amid warnings that CryptoShuffler had made a comeback, stealing over $140,000. According to Russian news media resource RBC, Kaspersky and ESET antivirus researchers have discovered two apps which do not officially exist infecting users on Google Play. The apps purport to be from cryptocurrency exchange Poloniex, despite Poloniex Read More