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Will Bitcoin Cash Replace Bitcoin

Coinbase Looks At Insider Trading After Offering Bitcoin Cash

Coinbase Looks At Insider Trading After Offering Bitcoin Cash

Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Coinbase Looks at Insider Trading After Offering Bitcoin Cash Cash price surges in hours before official announcement Bitcoin suffers worst drop since futures trading started Bloombergs Annie Massa reports on Coinbases decision to investigate allegations of insider trading on its platform. Coinbase Inc., one of the most popular U.S. cryptocurrency exchanges,is investigating allegations of insider trading on its platform in the hours before the company announced it would enable purchases of the bitcoin spinoff known as bitcoin cash. Bitcoin cash surged in the hours before the San Francisco-based companys announcement, while bitcoin prices tumbled the most in two months. Bitcoin cash added to gains once Coinbase posted the news on its website at 7:07 p.m. Tuesday in New York. It traded higher by 45 percent to $3,435.36 as of 9 a.m., according to data compiled from coinmarketcap.com. Bitcoin hovered near $17,000 after falling as much as 10 percent. It appears the price of bitcoin cash on other exchanges increased in the hours before our announcement, Brian Armstrong, chief executive at Coinbase, said in a blog post. While theres no indication of any wrongdoing at this time, he said that we will be conducting an investigation. Armstrong said he will not hesitate to fi Continue reading >>

Bitcoin.com Co-founder Emil Oldenburg Is Switching To Bitcoin Cash | Observer

Bitcoin.com Co-founder Emil Oldenburg Is Switching To Bitcoin Cash | Observer

Bitcoin price can change greatly as you wait for the transaction to go through. Freddie Collins/Unsplash Emil Oldenburg, co-founder and chief technology officer of Bitcoin.com , one of the largest one-stop shop sites for Bitcoin, said that Bitcoin is the riskiest investment you can make at the moment. Instead, Oldenburg had traded all of his Bitcoin for Bitcoin Cash, a derivative of Bitcoin recently created by blockchain developers, he told Swedish tech news site Breakit, Business Insider reported . He is also shifting Bitcoin.com s service, which includes trading, currency storage and education, from Bitcoin to Bitcoin Cash.(He probably will keep the domain, though.) Odenburgs main concern is that Bitcoins transaction infrastructure, called blockchain, which was created in 2010 by the digital currencys mysterious inventor Satoshi Nakamoto, is out of date for todays market demand. Marc Andreessen, a famous venture capitalist and an early investor in blockchain technology, said in a 2014 column that the success of Bitcoin depends on how widely the digital currency is adopted. As Bitcoins dollar value surged to a stratospheric level in the past 12 months, a large crowd of average investors rushed into the space, making Bitcoins decentralized ledgera feature that Bitcoin believers tout most proudlythe worst enemy of its own. Every time you trade Bitcoin, the transaction is recorded on the blockchain and needs to be confirmed by six Bitcoin miners in the network. Depending on the block size, which was set at 1Mb in 2010, there is only a limited number of transactions that can be recorded per second. As more people use Bitcoin, it takes longer for each transaction to go through. As of late, a Bitcoin transaction takes from hours to days. On average, a Bitcoin transaction ta Continue reading >>

Bitcoin Cash For Beginners: A Step-by-step Guide To Bch | Finder.com

Bitcoin Cash For Beginners: A Step-by-step Guide To Bch | Finder.com

Built upon the bitcoin model , Bitcoin Cash is a digital currency that is: Decentralized. The network is spread out across many different computers all over the world. Peer-to-Peer. Person A can send Bitcoin Cash directly to Person B from anywhere in the world without needing an intermediary, like a bank. Secure. Bitcoin Cash uses strong encryption to prevent hacking, fraud, and cyber attacks. Open. The history of all Bitcoin Cash transactions is logged on a publicly accessible blockchain that can be viewed and verified by anyone. How is Bitcoin Cash different from bitcoin? Bitcoin Cash was created as a result of diverging viewpoints within the bitcoin community about how to scale the network. As more people began to use bitcoin, the network struggled to keep up with the volume of transactions. As a result, many bitcoin users were waiting hours, sometimes days, before seeing their transactions go through. There was a lot of debate around how to solve this problem that led to a split between two groups with opposing viewpoints: those in favor of increasing the size of blocks in the blockchain versus those in favor of restructuring the way data was stored in the existing blocks. To make transaction speeds faster, one group within the bitcoin community wanted to increase the size of blocks on the bitcoin blockchain. This group, consisting primarily of bitcoin miners, could not get enough support from the larger bitcoin community to form the consensus needed to move bitcoin in this direction. As a result, this group split off (or hard-forked) from the original bitcoin blockchain and formed Bitcoin Cash as a new currency. Bitcoin Cash recognizes the same blockchain as bitcoin up until the time of the fork, August 1st, 2017. After the fork, Bitcoin Cash transactions started Continue reading >>

Here's Why Bitcoin Cash Soared Today

Here's Why Bitcoin Cash Soared Today

December 19, 2017, 01:51:00 PM EDT By Ryan McQueeney, Zacks.com The price of Bitcoin Cash, a so-called "hard fork" of Bitcoin, soared on Tuesday after Bitcoin.com co-founder and CTO Emil Oldenburg said that he has sold all of his original Bitcoins and replaced them with the rising altcoin. "An investment in Bitcoin right now I would say is the most risky investment one can make. It is extremely high-risk. I've actually sold all of my Bitcoins recently and switched to Bitcoin Cash," Oldenburg told Swedish tech site Breakit . Oldenburg also cited increased transaction fees and slow confirmation times as two reasons for his departure from Bitcoin. These issues, which have been caused by skyrocketing interest in the original cryptocurrency, were the primary catalysts for the creation of Bitcoin Cash. Launched in August, Bitcoin Cash is hard fork of Bitcoins. A hard fork in the cryptocurrency world refers to a change in the rules of the blockchain infrastructure that is not recognized as valid by the older software. In some ways, hard forks are similar to stock splits in that they are designed, in part, to alleviate barriers to entry for new users. Oldenburg explained that his company, which serves as a popular Bitcoin wallet, has started to move away from Bitcoin and will begin focusing more on Bitcoin Cash. "We've actually stopped developing new services for the old Bitcoin network now and are focusing mostly on Bitcoin Cash," he said. In the wake of Oldenburg's comments, the price of Bitcoin slipped more than 3.5% on Tuesday morning, while the price of several notable altcoins-including Bitcoin Cash-soared to new highs. In overnight trading, Bitcoin Cash soared more than 20% to a new peak of $2,400. Bitcoin Cash could also be benefitting from the news that Thomson Reuter Continue reading >>

What Is Bitcoin Cash & Why Is Everyone Freaking Out About It Right Now?

What Is Bitcoin Cash & Why Is Everyone Freaking Out About It Right Now?

What Is Bitcoin Cash & Why Is Everyone Freaking Out About It Right Now? Dan Kitwood/Getty Images News/Getty Images On Tuesday, the most popular platform for making bitcoin transactions in the United States, Coinbase, began offering bitcoin cash, one of bitcoin's rival currencies . If you're wondering what exactly that means and why everyone is freaking out about it, there's a (somewhat) simple explanation. Bitcoin cash is an offshoot of bitcoin. Bitcoin is a digital medium of exchange and is often referred to as a currency, but it isn't like the dollar, peso, or other physical currencies, the values of which don't fluctuate much on a day-to-day basis (their value is basically determined by the global currency markets' faith in a country's stability, which tends to shift gradually; central banks also help keep currencies steady). Bitcoin's value fluctuates dramatically every day, so it simply couldn't work as a replacement for physical currency. Instead, people use bitcoin to exchange payment in a decentralized way i.e. without a third-party, like a bank, or PayPal. Bitcoin is decentralized because it runs on "blockchain" technology. Blockchain is a constantly growing database of transactions. Most importantly, it's public: Anyone with internet access can look at any action that's ever occurred on the blockchain, which means that the power of transaction verification lies in the hands of all blockchain users, as opposed to any centralized authority. No one can "control" or "run" the blockchain. It only allows big changes (basically, changes that require everyone to update their software to keep using the blockchain) to be made to it via consensus. As you can imagine, that consensus is hard to achieve, and in the case of bitcoin which is owned by at least several million Continue reading >>

Bitcoin Cash Briefly Replaced Rival Digital Coin Ether As The Second-largest Cryptocurrency

Bitcoin Cash Briefly Replaced Rival Digital Coin Ether As The Second-largest Cryptocurrency

In response to a Twitter user that questioned the dominance of bitcoin, Buterin said: "A key reason why I am now so confident in crypto is precisely the fact that there are so many different teams trying different approaches." Bitcoin cash's price rallied after plans for a so-called "hard fork" in the original blockchain were scrapped by developers. The digital currency reached a record high of $2,577.11 Sunday at 1:49 a.m. ET. A number of people within the bitcoin community had hoped for an upgrade to the blockchain known as SegWit2x to speed up transactions. The upgrade would have likely resulted in another split in the blockchain. It was planned to go ahead this month but was shelved due to waning support. Blockchain is the technology that underpins cryptocurrencies like bitcoin. It records all transactions of the digital currency on a dispersed network instead of one centralized server. Two previous hard forks have resulted in the creation of new cryptocurrencies, bitcoin cash being one of them. Once the blockchain is forked, investors in bitcoin receive one new digital coin for every bitcoin they own. Bitcoin gold was formed as a result of another split last month. According to Coinmarketcap, bitcoin gold futures were trading at $273.54 at 10:30 p.m ET, down more than 36 percent for the session. The bitcoin gold blockchain was officially launched Sunday, developers backing it said in a blog post. The price of bitcoin slumped to $5,507 Sunday , the lowest it has been since the start of the month. Bitcoin topped $7,879 for the first time less than a week ago. Continue reading >>

Will Bitcoin Cash Replace Bitcoin??

Will Bitcoin Cash Replace Bitcoin??

Posted this on another thread..but bears repeating, IMHO. Is it just me...or does it seem that BCH jumps up in price quite a bit......drama/angst/etc...then about 24 hours or less later.....BTC goes up to more or less previous value...and the big switcharoo? And Blamo! The whales have turned $$$ (This could not be that cynical a process right? Evolution of Humanity to a Bigger and Brighter Future Right?) Anyway, seems like this is getting as common as sun up each day in the east, and set in the west. Could this really be that simple a reason that BCH was made? Naw! Jihan Wu and Bitmain and the others pumping BCH, would not stoop that low, right? Quote from: chimnon on November 12, 2017, 06:01:05 AM I think that at the moment, Bitcoin Cash is not strong enough to replace Bitcoin, even it can not beat ETH. Bitcoin Cash came out about a couple of months ago, it was detached from the original Bitcoin series. Although its value is high, but when compared to its history of growth and speed of growth, I'm afraid it can not replace Bitcoin, at least for the next few years. However, in the distant future everything can happen, Bitcoin Cash may be the first, we don't know the future. Quote from: Herbert2020 on November 12, 2017, 06:09:25 AM you are just overly excited because it has the name "bitcoin" in it and also mostly because it is getting pumped. you see the big green number saying price has risen in the past few days and you think everything is fine because of it! but if you wait a couple of weeks you can get your answer loud and clear. when the dumps begin shortly and then intensify in a couple of weeks, that is when price of BCH crashes and miners will abandon it. they have the EDA to protect the chain and if they remove it, the chain is screwed. the only reason why min Continue reading >>

Will Bitcoin Replace Cash?

Will Bitcoin Replace Cash?

Cash remains a huge part of the global economy, especially when you consider black market or grey market transactions. But does the rise in digital transactions, and the emergence of digital currencies signal its demise? Blockchain could be the next evolutionary paradigm of the world banking system. As Bitcoin breaks through the $10,000 price mark, will the cryptocurrency eventually replace cash? With the rise in digital transactions see the 7.7bn bid by Vantiv for card-processing leader Worldpay and the emergence of digital currencies like Bitcoin, many have rushed to declare these the last days for cash. Nonetheless, cash remains a huge part of the global economy, especially when you consider black market or grey market transactions. Governments, too, have good reasons for sticking with a cash-based, physical currency, says economics professor Mike Moffat : As long as governments continue to collect tax, they will have the authority to dictate the currency in which those taxes may be paid. Fiat currencies are a form of promissory note they are assigned value because we assign value to them. Before the era of electronic trading and banking, a gold standard was used to back currencies. Similarly, banks would hold large reserves of cash, its value based on the gold standard, in their reserves. In the modern system, much of this representation is measured in purely digital terms. Modern value is assigned using zeroes and ones. The prospect of a cashless society is more possible than it has ever been. In the United States, writes David G.W. Birch of Consult Hyperion , studies indicate that maintaining a cash system including printing new bills, recycling old ones, moving them about in armored trucks, using them to replenish automatic cash machines costs the country about Continue reading >>

Dowbit.com - Sharing Information And Ideas.

Dowbit.com - Sharing Information And Ideas.

The landscape of mobile and web development has undergone a huge transition in the recent few years. With the introduction of new and upgraded programming languages, the developers have many more options to explore than ever before. However, one technology that has created a lot of buzz in the app development industry is Full-Stack Development. It has only been close to a decade since this popular technology stack made its inception and today its demand has multiplied manifold. Popular job portals indicate that there has been a 40% increase in the demand for expert full-stack developers. One of the apt reasons why full-stack developers are gaining more ground is because they have good command and knowledge front-end as well as backend development. They can comfortably work on both client-side and server-side of web development. You will be also glad to note that finding a job as a full-stack developer is relatively easier, considering you have the required skills. Also, the more programming languages you learn, the valuable you become. The following blog emphasizes on all the important front-end and back-end frameworks that you need to learn in order to become one. Angular is one of the widely employed front-end JavaScript languages that is used for developing apps in HTML and TypeScript. The developers have access to various facilities such as interactive templates, end to end tooling, and dependency injection, etc, that help to solve development challenges. The Angular community keeps on updating the framework to the latest versions and recently we saw the release of Angular 8.0 . It has also been declared as the best framework for building single-page applications. Another very popular JavaScript library is ReactJS, which is used for developing interactive user inte Continue reading >>

Why Bitcoin Cash Might Replace Bitcoin In The Future?

Why Bitcoin Cash Might Replace Bitcoin In The Future?

> Why Bitcoin Cash might replace Bitcoin in the future? Why Bitcoin Cash might replace Bitcoin in the future? Bitcoin (BTC) is a blockchain legacy that began 8 years ago. Whereas, Bitcoins hard fork gave birth to Bitcoin Cash (BCC) on Agust 1st, 2017. While Bitcoin is a revolution and a brand name in the market, BCC is deemed to be more close to Satoshis original vision for this currency. After the fork, Bitcoin holders got the same amount of BCC. This has given rise to more competition, as with all the resources available, miners only have to decide which is the efficient one. While BCC has the same base and security as Bitcoin, it more efficient and energy-saving. But Bitcoin loyals believe that Bitcoins core values are not as easy to replace. According to experts, the overall trend is pro-BTC and less pro-BCH currently. But there are many factors that need consideration before concluding which one is better. The opinions have largely changed in these past few months. While in August and September, miners were claiming that BTC is irreplaceable forever; lately, they have started counting the benefits of BCC. Bitcoin has become quite popular, and this is exactly the issue. Transactions on the Bitcoin blockchain have increased to around 400,000 per day. This has severely delayed transaction speed and caused the transaction fee to rise. It takes an hour and around $30 per transaction now. The Bitcoin Cash came to address these problems and to increase the block size limit in an attempt to increase transaction processing capacity. BCC is what Satoshi had in vision, a store of value and means of exchange. So users are switching to BCC, where transaction volume is less. The transaction speed is high and the fee is low, making it more efficient and profitable. It is well kn Continue reading >>

Why Bitcoin Cash Won't Replace Bitcoin & How It'll End

Why Bitcoin Cash Won't Replace Bitcoin & How It'll End

Bitcoin Cash is spiking and there is some discussion whether or not Bitcoin Cash can displace Bitcoin. In other words, could it take the name "Bitcoin"? The short answer is no. The longer answer is that it is exceptionally unlikely because it would require exchanges to all agree on what "Bitcoin" is and make the change simultaneously, else risk losing a ton of customers and transaction volume. In other words, the first exchange to call "Bitcoin Cash" as just "Bitcoin" would essentially be martyr'ing themselves. Bitcoin Cash is seeing a majority of volume come from Korea, although now we are seeing other exchanges increase in volume as a result of FOMO investing. Roger Ver is on a Twitter storm and also talking about Bitcoin Cash such as in the meetup in LA recently. Given his wealth and influence, he can have a substantial impact. Other factors are playing in as well: Right now the Bitcoin mempool size is spiking, which is causing transaction fees to spike. As such, Bitcoin Cash is becoming a more and more attractive alternative to Bitcoin. However, the spike in the mempool is due to spam transactions which aren't "real." As Bitcoin Cash increases in value, more miners switch over as it is more rewarding to mine (and uses same hashing algorithm, SHA256). Lastly, the Emergency Difficulty Adjustment algorithm will be updated on November 13th as the entire Bitcoin Cash network is upgraded. Bitcoin's primary driver of value, as we have established on this channel previously, is now a "store of value" rather than as a "medium of exchange." Given this, there is no way that Bitcoin Cash will attract the level of capital required for a "flippening" as all Wall Street and casual investors care about is Bitcoin. And for Bitcoin Cash to become "Bitcoin," it would have to eclipse Continue reading >>

Bitcoin Cash Is Bitcoin

Bitcoin Cash Is Bitcoin

In 2017, internal strife and differing views on Bitcoins fundamental value proposition caused the currency and its community to break off into several distinct groups, each with their own vision of what Bitcoin is and what it is meant to be. This article will explore the different forks of Bitcoin and make the case for why Bitcoin Cash is the coin most aligned with the original system laid out the in the Bitcoin whitepaper . Introduced as a peer-to-peer electronic cash system, Bitcoin experienced explosive, exponential growth during its initial years. Users were drawn by properties of Bitcoin that allowed for cheap money transfers, instant confirmations, worldwide compatibility, round-the-clock operation, and no limitations on minimum or maximum transaction amounts. This electronic form of money quickly became popular with diverse groups of users all around the world. Merchants used Bitcoin to tap into a global marketplace. Migrant workers used it to send money back home for much less than Western Union. Charities and content creators used it as a virtual tip jar, collecting donations big and small from any country on Earth. Certain industries were even able to use Bitcoin to replace traditional payment methods altogether. This rapid rate of expansion continued for several years and led many to think that Bitcoin was well on its way to becoming an unstoppable revolution in financial technology. But, as the case with all technologies, scalability inevitably became an issue. Since the very beginning of Bitcoin, people have contemplated and argued about how the system should scale, not just to millions of users, but to billionshow else could Bitcoin become accepted as a mainstream global currency? In fact, when Satoshi Nakamoto first introduced the concept of Bitcoin in 2 Continue reading >>

Bitcoin.com Co-founder Dumps Bitcoin For Bitcoin Cash

Bitcoin.com Co-founder Dumps Bitcoin For Bitcoin Cash

What's a Cryptocurrency Exit Scam? How Do You Spot One? The co-founder of bitcoin.com is defecting to rival Bitcoin Cash. In an interview with Swedish tech siteBreakit, Emil Oldenburg revealed that he is selling all of his bitcoins and replacing them with Bitcoin Cash. His decision was triggered by bitcoins high transaction costs and lead times (for approving transactions). The average transaction fees for bitcoin is $28.09, according to bitinfocharts.com. The fees also determine the amount of time it takes to mine a block because transactions with higher fees are more rewarding for miners. Oldenbergs bitcoin sale transaction cost $50 in fees and took 12 hours to complete. He says the bitcoin network, as it was designed originally, is completely unusable, and once traders realize the way in which bitcoin functions, they will start selling. I would say an investment in bitcoin is right now the riskiest investment you can make. Theres an extremely high risk, Oldenburg said. Bitcoin Cash grew out of hard fork from the original cryptocurrency in August. It has block sizes of up to 8 MB (as opposed to bitcoins 1 MB) that allow for faster processing speeds, low fees, and more transactions per block. Currently, the average transaction fee for bitcoin cash is $0.25. (See also: Bitcoin Cash: The New King Of Cryptocurrency? ) The Bitcoin Cash community has characterized the hard fork as an ideological split, claimingtheir version hews more closely to bitcoin founder Satoshi Nakamotos original vision of a cryptocurrency for daily transactions. Oldenburg referenced the split in his interview.Its a group of fanatic bitcoin talibans who themselves do not use bitcoin everyday to want it like this. They see bitcoin like digital gold and a technical experiment, not something you should Continue reading >>

Bitcoin Hasnt Replaced Cash, But Investors Dont Care

Bitcoin Hasnt Replaced Cash, But Investors Dont Care

Technology |Bitcoin Hasnt Replaced Cash, but Investors Dont Care Steve Lee of San Francisco, an investor in virtual currencies, said he considered Bitcoin more useful as a means of banking than as a form of payment. Credit Jason Henry for The New York Times SAN FRANCISCO When Bitcoin first entered the public consciousness a few years back, a handful of large companies like Dell and Expedia announced that they would begin accepting the virtual currency. But there werent many takers. This failure hasnt bothered many of the people buying up Bitcoins in recent months, pushing the price to new highs above $13,000 for one Bitcoin on Wednesday. These investors arent using their tokens to buy computers or to book trips. Instead, they are hoarding Bitcoins as if it were virtual gold, a new way to store money outside the control of any government or company. Ive always been skeptical of directly competing with and replacing existing forms of payment, said Steve Lee, a longtime Google employee from San Francisco who is investing in virtual currencies. Today what Bitcoin is excellent at, and has mostly solved, is being your own bank. The price of Bitcoinhas risen sharply in recent months. Note: Values as of 11:30 a.m. Eastern Time on Dec. 7. | Source: Coindesk | By The New York Times Many large institutions have said they hope to integrate blockchain technology into their designs for the worlds future financial infrastructure, and those designs are likely to be influenced by what is learned from Bitcoin. People are looking at this in part because they see the beginnings of a new financial system a financial system that has a very different structure than the one we have right now, said Neha Narula, the director of the Digital Currency Initiative at the Massachusetts Institute of T Continue reading >>

Coinex Will Relaunch With Bitcoin Cash As The Default Trading Market

Coinex Will Relaunch With Bitcoin Cash As The Default Trading Market

When it comes to cryptocurrency exchanges, it is often difficult to find the right trading markets. More specifically, most companies use Bitcoin as theirprimary trading markets. Some exchanges alsofeature Litecoin or Ethereum markets, but those are harder to come by. ViaBTC runs an exchange service known as CoinEx, which plans to make Bitcoin Cashits primary trading market. While it still seems unlikely that Bitcoin Cash will replace Bitcoin in the short term, the currency continues to make its presence felt in the world of cryptocurrencies. More specifically, it is still the third-largest cryptocurrency by market capitalization. That in itself is rather surprising, given the initial assumptionthat this was another pump-and-dump coin. Hindsight is always 20/20, and it has become rather clear that BCH is a very peculiar creature which will stick around for the foreseeable future. Moreover, the supporters of thisaltcoin have received some interesting news. ViaBTC is a company which has always favored Bitcoin Cash over Bitcoin itself, and it hasnever shied away from making that clear to the public. As a result,its CoinEx exchange willmake BCH the main trading market for all other supported currencies. This meansit will become the worlds first trading platform to ditch Bitcoin as theprimary currency. Its an interesting decision that may set a very precarious precedent for theother cryptocurrency exchanges. Manypeoplewill remember CoinEx , as the platform was forced to shut down in late Octoberafter the Peoples Bank of China banned cryptocurrency exchanges. Unlike what most people assumed, the CoinEx platform isnt dead or abandoned, as it was migrated only recently to the United Kingdom. Although the platform has yet to open its doors to the public again, the ambition to m Continue reading >>

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