• Fake Tethers under fake bitcoins.
    Bitcoin,  Tether

    Tether—not Bitcoin Cash—said to be source of crypto market selloff

    A newly-announced fee on Bitfinex as big traders pay up to leave

    [This story has been updated to name one source.] Bitcoin and most of the cryptocurrency complex faced an onslaught of sellers on Wednesday. While some news outlets are pinning the drop on the battle for Bitcoin Cash, sources at a couple of institutions tell Modern Consensus the real culprit is Tether. The low volatility in the largest and oldest cryptocurrency was shattered suddenly. Bitcoin fell 12 percent in 24 hours, breaking below the $6,000 and at one point changing hands at under $5,500 for the first time in over a year. As of 3:30 p.m. Eastern Time, Bitcoin’s 24-hour trading volume was close to $6.6 billion, according to data from…

  • Craig Wright
    Alt coins,  Bitcoin,  Cryptocurrencies,  Innovators

    Craig Wright goes ‘full billionaire mode’ and doesn’t care what you think: The Modern Consensus Interview

    The man many believe to be Satoshi Nakamoto opens up to Modern Consensus

    On November 15, 2018 the biggest names in crypto will square off over how Bitcoin Cash (BCH) will operate going forward. While it’s not surprising that Dr. Craig Wright would step into the ring: it is surprising that he would Skype with us for the afternoon and let us ask anything we wanted. Since Satoshi Nakamoto released the original Bitcoin white paper in 2008, arguably no one has been more involved than Wright. Many documents show that if Nakamoto does exist, then he worked closely with Wright both before and after the launch. But if Nakamoto does not exist, then he might be a creation of Wright and/or his early…

  • Bitcoin Cash fork
    Bitcoin,  Media

    Must-reads for Nov. 13, 2018: What the fork? The Bitcoin Cash edition

    These are the Bitcoin Cash stories you should be following today

    CoinDesk has been on a tear all day Tuesday about the Bitcoin Cash hard fork: Opposing Bitcoin ABC and Bitcoin SV Factions’ Debates Grow Heated as the Bitcoin Cash Hard Fork Draws Closer What Fork? Asian Traders Are Buying Bitcoin Cash Bitcoin Cash’s ‘Mining War’ Escalates as Blockchain Hard Fork Approaches Traders Now Betting 2-to-1 Bitcoin Cash Fork Will Cause Price Decline Hash Power Favors Craig Wright Camp in Looming Bitcoin Cash Fork Plus, they also reported that one of the people in the “hash war”, Jihan Wu, has been stripped of power at Bitmain: Bitmain Co-Founder Jihan Wu Loses Executive Power in Board Reshuffle, Says Chinese Media   An…

  • Bitcoin fork
    Alt coins,  Bitcoin,  Innovators

    Expert trader gives the ABCs (and SVs) of the impending big Bitcoin Cash hash battle

    Bitcoin Cash’s fate will be decided November 15. Here’s what that could mean

    The contest to control Bitcoin Cash—essentially, two billionaires in a game of chicken—is about to come to a head. The “hash battle” will be decided on November 15, 2018. On that day, BCH will have a hard fork; the winning hash will retain the title of Bitcoin Cash while the loser—if it survives—might be forked into a brand new coin (though that’s debatable). The stakes aren’t small; Bitcoin Cash currently has a $9.4 billion market cap, making it the fourth-largest crypto. In the 10 years since Satoshi Nakamoto release the original Bitcoin white paper for “electronic cash,” many cryptocurrencies have seen “forks.” There have been coins “burned,” too. However, we…