Overview
Trump is set to return to office with a new pro-crypto stance. Here’s how the top tokens have been doing since he was last in office.
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Bitcoin Cash News
In May 2017, Bitcoin transactions could take up to four days to complete. The only way to make a transaction quicker was to pay a transaction fee, which at the end of 2017 was around $28. The delay and the cost of fees made Bitcoin impractical for making small purchases, which led to a new Bitcoin-based currency, Bitcoin Cash (BCH).
BCH is a cryptocurrency established from a hard fork that took place to manage Bitcoin’s scalability problem. Bitcoin Cash has several significant differences from Bitcoin: it is advertised as faster and cheaper to use, the maximum block size is eight megabytes, whereas the Bitcoin blocksize is one megabyte, and it has an emergency difficulty adjustment feature. Bitcoin Cash utilizes 0-conf (zero-conf), enabling nearly instant transactions, typically confirmed in the next block. However, this approach compromises security as it demands less mining power for block verification.
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BitSNARK enables private transactions and advanced DApps on the Bitcoin blockchain while keeping BTC’s core intact.
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EllipX will comply with the EU’s MiCA regulations, with plans to add fiat services and offer fee cuts for former Mt. Gox users.
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A test transaction from a dormant Mt. Gox wallet triggers speculation around Bitgo’s role in the ongoing Bitcoin distribution to creditors.
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After over three years of inactivity, cryptocurrency wallets linked to the Plus Token Ponzi scheme have moved $2 billion in ETH, potentially impacting the market.
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Mt. Gox creditors aren’t selling their Bitcoin, despite preliminary concerns that 99% of them could be looking to offload BTC.
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Mt. Gox’s cold wallet transfers over 140,000 BTC in a significant move after two weeks of inactivity, causing market concerns.
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The 2,564 cryptocurrency ATMs installed so far in 2024 are on track to surpass the 2,861 machines removed in 2023.
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The ayes are winning with 8,301 votes to 4,212 against at the time of publication.
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The exchange is optimizing operations after acquiring ErisX on the eve of crypto winter and expects to save millions.
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The majority of the asset’s price decline occurred on April 10, with a steep drop of 7.51% in a three-hour window.
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There has been speculation in the lead-up to the halving, with the price of Bitcoin Cash increasing 147.85% over the past three months. Despite a brief dip before the event, it quickly recovered.
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Bitcoin Cash hasn’t seen open interest at this level since May 2021, when its price was nearly 2.5 times higher.
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Crypto exchange Coinbase has announced plans to launch futures trading for Dogecoin, Litecoin and Bitcoin Cash as soon as April 1.
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Going against Bitcoin is a tough pill to swallow for investors in one of the oldest altcoins.
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