Articles about Bitcoin Cash

The technology that underpins cryptocurrencies is not understood by a lot of people, but you don't really need to fully grasp the idea of mining or know what a blockchain is in order to use them.

Whether you are a seasoned user of Bitcoin or any other cryptocurrency, you may be aware of an impending hard fork for Bitcoin Cash (BCH). The date for your diary is November 15, but just what is a hard fork, and what are the implications?

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There has been a spate of bans on cryptocurrency ads in recent months, but Facebook has had something of a change of heart and has decided that some such ads are permissible on its platform.

It is important to note that this is just a relaxation of the ban Facebook introduced back in January, not a complete lifting of it. There are various caveats here, including the fact that advertisers will have to be "pre-approved".

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Opera may not be the most popular web browser, but it is certainly one of the most feature-full offerings. Quite frankly, it is actually quite good, and if you haven't tried it recently, you should. Not to mention, it is very much a cross-platform affair, offering versions for Windows, macOS, Linux desktop, Android, iOS, and more.

The upcoming version 50 of the Opera web browser is particularly intriguing. Why? Well, it will offer a really cool integrated anti-Bitcoin mining feature. Besides Bitcoin, it will also block the mining of other cryptocurrencies such as Litecoin and Ethereum. If you aren't aware, some websites are hijacking user computers to mine for cryptocurrencies. This is not only a potential violation of trust, but it can negatively impact the computer's performance too. Mining is also a huge waste of electricity. Opera 50 will offer an optional setting that, when enabled, blocks this nonsense.

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The cryptocurrency market has been on a tear this year, shattering record after record. Fueled by majors like Bitcoin, Ethereum, Ripple and Bitcoin Cash, it reached an incredible valuation on December 21: $654 billion. However, after the peak comes the fall, and here the crashes tend to be swift and massive.

Case in point: the cryptocurrency market is now down by more than $230 billion from yesterday's high. And, yes, you are reading that right. Its capitalization is currently hovering around the $422 billion mark. All the majors (top 10) are down by double digits in the past 24 hours, with Bitcoin suffering the smallest loss at 27.05 percent, as are nearly all the other coins in the top.

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Coinbase is one of the largest cryptocurrency exchanges in the world, so when it adds a new coin to its portfolio investors take notice. It is not uncommon for the price to see a big jump as a result: Litecoin, for instance, gained over 50 percent following the listing on Coinbase.

Something similar happened yesterday when Coinbase finally added Bitcoin Cash to the platform. At opening, the coin was trading for $2,200. The announcement saw the price rising to $2,805 at closing. However, on GDAX (Coinbase's trading platform), it simply exploded, which has lead Coinbase to consider the possibility of insider trading.

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It's been an interesting past couple of weeks in the cryptocurrency market. Bitcoin set a new price record earlier this month near $7,800 as traders were eagerly awaiting the Segwit 2x hard fork, and the bonus coins that they would get as a result. When that was cancelled, the price plummeted.

Bitcoin dropped to as low as $5,519, based on Coinmarketcap.com's historical data. At the same time, Bitcoin Cash started to gain a lot of traction, setting a record of its own close to $2,500 last week.

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The price of Bitcoin has skyrocketed this year, going from $1,000 in early-January to $3,000 in mid-June. Some pundits saw it coming, but not many believed it would go higher than that. Yet, in early-September, the main cryptocurrency reached $5,000. And it kept going.

Today, Bitcoin is trading over $7,300 for the first time ever. It's up 730 percent since the beginning of the year, and its market cap now sits at over $122.7 billion, which is a few billion more than what the whole market was worth at its June peak. It's quite unbelievable.

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Just moments ago I was reading about Bitcoin setting a new price record above $6,400. The main cryptocurrency has been incredibly strong, and resilient during crashes, so this latest development does not surprise me one iota.

What also does not surprise me is that Bitcoin kept going after reaching the $6,400 mark, settling above $6,600 at the time of writing this article, based on an average from major exchanges like Bithumb (where it's actually gone past $6,700), Kraken, GDAX and Poloniex.

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The new offshoot of Bitcoin has dropped in value after reaching a record high which saw the cryptocurrency peak at over $1,000.

Last month, a group of Bitcoin miners implemented a hard fork of the blockchain and as a result Bitcoin Cash was created. On Friday of last week, the offshoot was able to surge by 40 percent in a single day and it reached $600.

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The price of Bitcoin continues to rise, with the cryptocurrency now trading at over $4,000. It's only a matter of days since the price set at record when it passed $3,500, but this has now been broken already.

The surge has been driven by Japanese interest in the currency, and trading currently stands at just under $4,200. After something of a wobbly period, the rise in Bitcoin has been fuelled by investors seeing it as a quick way to make a healthy return.

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After a brief period of instability, Bitcoin is back on the path of setting new price records. The most valuable cryptocurrency broke the $3,500 mark today, rising by over 16 percent since mid-June when its price went past $3,000.

Since the beginning of the month, Bitcoin has slowly increased in price, despite the creation of Bitcoin Cash on August 1 as a result of a hard fork on the network, gaining around $600 in value.

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Things took a turn for the worse in the cryptocurrency market after the price of Bitcoin broke the $3,000 barrier in mid-June. All the major coins posted significant losses, leading the market to shed tens of billions of dollars in value in a really short period of time. The flippening? Well, that didn't happen. Ethereum crashed even harder than Bitcoin, dropping from a $400 peak to $150 last month.

But, as investors know, volatility is the name of the game. The cryptocurrency market has repeatedly crashed and recovered to reach new highs, and it's on the same path now as the rise of the major coins, spearheaded by leader Bitcoin, goes to show.

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Before Bitcoin Cash arrived, Coinbase made it clear that it had no plans to support a hard fork of Bitcoin and the resulting coins. That policy applied to its trading platform, GDAX, as well. So, customers who wanted to access Bitcoin Cash were told to withdraw their Bitcoin before the beginning of August.

However, fast forward to today and Coinbase announced that it will support Bitcoin Cash after all, in what looks like an attempt to appease the horde of angry customers that either did not get its original message or couldn't withdraw their Bitcoin in time for the hard fork.

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Bitcoin Cash may be a newcomer in the cryptocurrency scene, but it is already one of the most important players in this market. It is now valued at over $12 billion, only trailing Bitcoin and Ethereum by market cap, which is impressive if you consider that it was only created on August 1. But, how did we end up here?

Bitcoin Cash arrives as a result of disagreements in the Bitcoin scene regarding the direction of the oldest cryptocurrency. Most backers supported an in-place upgrade (soft fork) of Bitcoin to improve scaling issues, while a faction argued that the proposed solutions did not go far enough to address their concerns, which is why it decided to go the nuclear route on August 1, hard forking Bitcoin and introducing Bitcoin Cash in the process.

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