Markets Update: All Eyes on Bitcoin Cash Prices Before the Pending Fork

Market Updates Since our last markets update five days ago, a lot has changed as a good chunk of the top cryptocurrency markets have dipped in value over the last three and a half days. Bitcoin cash markets touched a high of $638 on Wednesday, Nov. 7, but now prices are hovering around $544 per BCH on Sunday, Nov. 11. Also read: Bitcoin Cash Miners Break Records Processing Multiple 32 MB Blocks Digital Assets See Some Slight Losses Over the Last Three Days Cryptocurrency markets have had an interesting week after…

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Bitcoin Cash Miners Break Records Processing Multiple 32 MB Blocks

News On Saturday, Nov. 10, the operation BMG mining pool mined multiple 32 MB blocks on the Bitcoin Cash (BCH) network. The first block at height 556034 was the biggest block ever mined on the BCH chain and the process confirmed over 166,000 transactions. A couple of hours later, BMG pool mined 4 more 32 MB blocks confirming another 166K of pending transactions each.  Also read: Growing Number of Crypto Companies Operating From Belarus BMG Pool Mines the First 32 MB Block Confirming Over 166,000 BCH Transactions Bitcoin Cash supporters have…

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Canadian Bitcoin Miner Hut 8 Reports Q3 Loss

Mining Hut 8 Mining Corp., a Canadian bitcoin mining company, has released its third quarter earnings report, which shows a net loss of US $8.7 million on higher depreciation costs. Depreciation spiked to $13.3 million, wiping out mining profit which came to $6.7 million. Also Read: Trade.io Acquires Primus Capital Markets to Offer BTC-Backed Forex Trading  Revenue Soars but Profits Fall During the third quarter of 2018, the Toronto-listed miner extracted 1,978 BTC at a cost of $3,394 per coin, almost half the average market price of bitcoin for the three…

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Minecraft-Like Platform Craft.cash Brings a 3D World to Bitcoin Cash

Blockchain On Nov. 8, a new application was introduced to the Bitcoin Cash (BCH) community called Craft.cash, a BCH-powered onchain platform that’s similar to the popular block building game Minecraft. According to the development team called Blockparty, the Craft.cash game allows anyone to encode colorful voxel data into the three-dimensional world using op-return outputs stemming from BCH transactions. Also read: Latest Release of Badger Wallet Supports SLP and Wormhole Tokens Craft.cash: An Artistic Voxel Block World Stored Within the Bitcoin Cash Blockchain There’s a new voxel-playground available for Bitcoin Cash users…

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Bitcoin Cash Community Introduced to New BCH Library Written in Rust

Technology & Security On Nov. 5, the software developer Brenton Gunning announced to the Bitcoin Cash (BCH) community that he’d developed a BCH library written in the programming language Rust. The new library allows developers the ability to work on BCH applications and platforms written in the Rust coding environment. Also read: Discussions Intensify as BCH Fork Approaches Rust-BCH 0.1.0: A Bitcoin Cash Library Written in the Rust Programming Environment Rust is a popular programming language designed in 2006 by Mozilla employee Graydon Hoare. The Bitcoin Cash community has been introduced…

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Is Initiative Q the Next Bitcoin?

Altcoins If you’ve been anywhere near social media in the past fortnight, or even used your favorite messaging app, there’s a good chance you’ve been shilled a referral link to Initiative Q. A mate probably forwarded it to you or tagged you in a post offering an invite to the first five responders. Maybe you FOMO’d in, or maybe you scrawled a one-word response — “Bitconeeeeect!” — and gave it a wide berth. For those who are still on the fence, here’s what you need to know about Initiative Q. Also…

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Miners Have Begun Using Asicboost on the Bitcoin Cash Network

Technology & Security On Oct. 22, Bitmain released new firmware for the company’s Antminer mining rigs that enables the use of an optimization known as (overt) version-rolling Asicboost. Since then, Bitcoin Cash mining pools have been using the protocol and 63 Asicboost blocks were mined last week on the network. Also read: Developers Launch BDIP: A Bitcoin Cash Proposal Process for Decentralized Apps Six BCH Pools Are Mining Bitcoin Cash With Overt Asicboost Technology The Asicboost optimization has been steadily making its way into the mining industry and now the protocol…

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Turkish Police Detain 11 Suspects in Bitcoin Theft Case

News The cybercrime unit of the Turkish police has detained 11 people suspected of hacking into emails, user accounts and cryptocurrency wallets. The operation was launched after law enforcement received a number of complaints from victims who lost digital cash.   Also read: Church Mining Cryptocurrency to Pay Higher Electricity Rates               Hackers Steal $80,000 Worth of Cryptocurrency According to Turkish media, 14 people have informed authorities about their compromised cryptocurrency wallets. The coins have been transferred to other wallets and subsequently sold for fiat. Investigators discovered the hackers had stolen…

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Another Token Project Launches on the Bitcoin Cash Network

Technology & Security A new smart contract and tokenization system has been launched on the Bitcoin Cash (BCH) network. On Oct. 31, BCH developer Clemens Ley released the alpha version of Bitcoin Token, a Javascript library built to develop autonomous contracts, BCH-based tokens, and integrate payments into web applications. Also read: New Bitcoin Cash Stress Test Sees 700,000 Transactions in One Day Project Bitcoin Token Launches Alpha Version In August, news.Bitcoin.com reported on a project called Bitcoin Token developed by software programmer Clemens Ley. At the time, the developer explained that…

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Africa Dominates P2P Bitcoin Exchange Paxful With $64 Million Trades

Emerging Markets Paxful Inc., a peer-to-peer bitcoin exchange, is seeing significant growth in Africa. The U.S.-based company said Africans now accounted for the largest number of people buying and selling cryptocurrency on its platform, with average monthly transactions totaling $64.5 million. Also Read: Brazilian Banks Ordered to Reopen Cryptocurrency Exchange’s Frozen Accounts Millennials Drive Cryptocurrency Adoption in Africa Over the past year, users from the African continent of 1.2 billion people soared by 225 percent, Ray Youssef, chief executive officer of Paxful, told South African media. Transactions on the exchange climbed…

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