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…
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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…
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Must-reads for Nov. 5, 2018: EOS is BS, ETH may go POS, and WEF touts BCH
These are the crypto stories you should be following today
Interview: Researcher Argues EOS isn’t a Blockchain — Just a Distributed Database (CCN) A paper by Whiteblock, a blockchain testing firm, has come down hard on EOS, the controversial protocol started by Block.one (helmed by none other than Brock Pierce). “EOS is not a blockchain, rather a distributed homogeneous database management system, a clear distinction in that their transactions are not cryptographically validated,” Whiteblock said. CCN interviewed Whiteblock’s CTO, Zak Cole, about their findings. Bitcoin is 10 years old: This is how it began and where it’s headed (World Economic Forum) One of the most bitterly debated topics in crypto is Bitcoin Cash. That makes this particular post provocative;…
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If cryptocurrencies traded on a physical market, this is what it would look like right now (via Wikipedia)Cryptocurrency markets get a big slap in the face
Tens of billions in value lost—here’s why
The world’s crypto markets took a collective dive, and it all started while you were sleeping. The cross-currency crash began just after 4 a.m. on Wednesday, September 5, and it touched every token you can name. At the time of this writing, Bitcoin is barely above $6,000. Ether is down 23 percent to $220. Bitcoin Cash, XRP, and Litecoin all took substantive hits. Even DogeCoin is down. Where Tuesday’s crypto market capitalization was around $240 billion, it was about $217 billion less than 24 hours later. So what’s the deal? There are two pieces of information to help us understand this drop. First, Goldman Sachs has downplayed its plans to…
