Bitcoin's origin, early growth, and evolution

Bitcoin is based on the ideas laid out in a 2008 whitepaper titled Bitcoin: A Peer-to-Peer Electronic Cash System.

The paper detailed methods for "allowing any two willing parties to transact directly with each other without the need for a trusted third party." The technologies deployed solved the 'double spend' problem, enabling scarcity in the digital environment for the first time.

The listed author of the paper is Satoshi Nakamoto, a presumed pseudonym for a person or group whose true identity remains a mystery. Nakamoto released the first open-source Bitcoin software client on January 9th, 2009, and anyone who installed the client could begin using Bitcoin.

Initial growth of the Bitcoin network was driven primarily by its utility as a novel method for transacting value in the digital world. Early proponents were, by and large, 'cypherpunks' - individuals who advocated the use of strong cryptography and privacy-enhancing technologies as a route to social and political change. However, speculation as to the future value of Bitcoin soon became a significant driver of adoption.

The price of bitcoin and the number of Bitcoin users rose in waves over the following decade. As regulators in major economies provided clarity on the legality of Bitcoin and other cryptocurrencies, a large number of Bitcoin exchanges established banking connections, making it easy to convert local currency to and from bitcoin. Other businesses established robust custodial services, making it easier for institutional investors to gain exposure to the asset as a growing number of high-profile investors signaled their interest.

At its most basic level, Bitcoin is useful for transacting value outside of the traditional financial system. People use Bitcoin to, for example, make international payments that are settled faster, more securely, and at lower transactional fees than through legacy settlement methods such as the SWIFT or ACH networks.

In the early years, when network adoption was sparse, Bitcoin could be used to settle even small-value transactions, and do so competitively with payment networks like Visa and Mastercard (which, in fact, settle transactions long after point of sale). However, as Bitcoin became more widely used, scaling issues made it less competitive as a medium of exchange for small-value items. In short, it became prohibitively expensive to settle small-value transactions due to limited throughput on the ledger and the lack of availability of second-layer solutions. This supported the narrative that Bitcoin's primary value is less as a payment network and more as an alternative to gold, or 'digital gold.' Here, the argument is that Bitcoin derives value from a combination of the technological breakthroughs it integrates, its capped supply with 'built-into-the-code' monetary policy, and its powerful network effects. In this regard, the investment thesis is that Bitcoin could replace gold and potentially become a form of 'pristine collateral' for the global economy.

Another popular narrative is that Bitcoin supports economic freedom. It is said to do this by providing, on an opt-in basis, an alternative form of money that integrates strong protection against (1) monetary confiscation, (2) censorship, and (3) devaluation through uncapped inflation. Note that this narrative is not mutually exclusive from the 'digital gold' narrative.

Read more: How does governance work in Bitcoin?

Read more: What is Bitcoin mining?

Bitcoin is not a static protocol. It can and has integrated changes throughout its lifetime, and it will continue to evolve. While there are a number of formalized procedures for upgrading Bitcoin (see "How does Bitcoin governance work?"), governance of the protocol is ultimately based on deliberation, persuasion, and volition. In other words, people decide what Bitcoin is.

In several instances, there have been significant disagreements amongst the community as to the direction that Bitcoin should take. When such disagreements cannot be resolved through deliberation and persuasion, a portion of users may - of their own volition - choose to acknowledge a different version of Bitcoin.

The alternative version of Bitcoin with the greatest number of adherents has come to be known as Bitcoin Cash (BCH). It arose out of a proposal aiming to solve scaling problems that had resulted in rising transaction costs and increasing transaction confirmation times. This version of Bitcoin began on August 1st, 2017.

Read more: What is Bitcoin Cash?

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What is Bitcoin? | How Do Bitcoin and Crypto Work? | Get Started with ...

Bill To Make Bitcoin, Ethereum, Litecoin and Bitcoin Cash Means of Payments for State Agencies Hits New York  The Daily Hodl

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Bill To Make Bitcoin, Ethereum, Litecoin and Bitcoin Cash Means of Payments for State Agencies Hits New York - The Daily Hodl

Bitcoin Cash (BCH) to become legal tender of St. Kitts and Nevis, Litecoin use increased 109% in 2022, SNW  Bitcoinist

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Bitcoin Cash (BCH) to become legal tender of St. Kitts and Nevis, Litecoin use increased 109% in 2022, SNW - Bitcoinist

1. Coinbase cites low usage in delisting XRP, Bitcoin Cash, and Ethereum Classic  Fortune
2. If you own Bitcoin Cash, XRP, or Ethereum Classic on Coinbase, heres what to do with your assets  Yahoo Finance
3. Coinbase Wallet Delists XRP, Bitcoin Cash and Ethereum Classic  Decrypt
4. Coinbase Wallet to End Support for Bitcoin Cash, Ethereum Classic, Ripple's XRP and Stellar's XLM  CoinDesk
5. Coinbase Wallet to Cease Support For XRP, Bitcoin Cash, Ethereum Classic, And Steller  Investopedia
6. View Full Coverage on Google News

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Coinbase cites low usage in delisting XRP, Bitcoin Cash, and Ethereum Classic - Fortune

1. Why Has Bitcoin Cash (BCH) Failed?  U.Today
2. Cryptocurrency Bitcoin Cash Decreases More Than 3% Within 24 hours - Bitcoin Cash (BCH/USD)  Benzinga
3. Bitcoin Cash (BCH) reaches close to 100 EMA curves!  CryptoNewsZ
4. Bitcoin Cash A Crash Waiting To Happen. Toon Finances Stance On This Possible Catastrophy  Coinpedia Fintech News
5. Cryptocurrency Bitcoin Cash's Price Increased More Than 4% Within 24 hours By Benzinga  Investing.com UK
6. View Full Coverage on Google News

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Why Has Bitcoin Cash (BCH) Failed? - U.Today

Sharing a statistically significant positive correlation with the leading coin Bitcoin [BTC], Bitcoin Cash [BCH] logged a decline in its price in the last week. According to data from the cryptocurrency analytics platform CoinMarketCap, the price per BCH coin fell by 8% in the past seven days.

Data from Santiment showed that the consistent decline in the price of the asset pointed to BCH distribution by investors.

Also, the surge in BCHs trading volume and the lack of a corresponding price rally during intraday trading hours on 13 October hinted at buyers exhaustion. As per CoinMarketCap, BCHs trading volume had rallied by 65% in the last 24 hours.

With the last seven days marked by a decline in BCHs price, buying pressure dropped in the last week on a daily chart. As a result, on 5 October, the assets Relative Strength Index (RSI) and Money Flow Index (MFI) fell below their respective neutral lines to pursue new lows.

At press time, the MFI inched toward the oversold region at 33.41. Following a similar progression, BCHs RSI rested at 41.79 at press time.

As sellers gradually overran the BCH market, a new bear cycle was initiated on 10 October. At press time, the Moving average convergence divergence (MACD) was made of red histogram bars with an intersection of the MACD line (blue) with the trend line (red) in a downtrend.

In addition, a look at the assets On-balance volume (OBV) confirmed that investors have heavily distributed BCH since 9 September. The indicator has since been on a downtrend, and the price has fallen by 15%.

While these key indicators have shown a decline in BCHs accumulation in the last week, a look at the assets Chaikin Money Flow (CMF) revealed a divergence with its price.

In the face of its falling price, BCHs CMF rested above the center line to post a positive value of 0.08. This typically represents a surge in buying pressure which usually precipitates a rally in the price of an asset.

However, as in the current market, a CMF/price divergence occurs when the price of a crypto asset trades at the oversold zone while its CMF continues to rise. This is usually taken as a buy signal, so traders looking to move against the market need to take note of this.

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Bitcoin Cash [BCH]: All you need to know before you write off this alt - AMBCrypto News

Bitcoin Cash (BCH) gets a neutral rating from InvestorsObserver Tuesday. The Digital Money asset is down 1.48% to $109.59 while the broader crypto market is down 0.39%.

The Sentiment Score provides a quick, short-term look at the cryptos recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Bitcoin Cash price is currently below support. With support set around $109.98 and resistance at $111.92, Bitcoin Cash is potentially in volatile territory as selling pushes the crypto's price below recent support.

Bitcoin Cash has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Bitcoin Cash

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Bitcoin Cash (BCH) Receives a Neutral Rating Tuesday: Is it Time to Jump Ship? - InvestorsObserver

This is a bit of a difficult period for altcoins.

It is enough to mention that since September, Bitcoins dominance has risen from 36% to 39%, while Ethereums has fallen from 19% to 16%.

A similar trend has occurred before, indeed during a bear market, when the price of Bitcoin tends to fall less than altcoins do. While this is true for Ethereum, it is even more true for other cryptocurrencies that have significantly less common and widespread real-world use.

One of the most successful altcoins during 2021 was Dogecoin (DOGE), currently ranked 10th overall by market capitalization, and 7th if stablecoins are excluded.

In October 2020, which was before the big bullrun of 2021 was triggered, its price was less than $0.003. As a matter of fact, in the case of DOGE, the bullrun was not triggered in November 2020, as it was for Bitcoin, but in January 2021, although as early as December 2020 it was back above $0.003.

It is worth mentioning that the previous high was $0.013 touched in January 2018, so in December 2020 it was still far below this threshold.

Indeed, it didnt manage to get back to the highs at the beginning of January either, because it stopped at $0.010, though it showed that the bullrun had begun for this cryptocurrency as well. At the end of January, there was the first major spike, with the price skyrocketing to $0.040, which is well above the previous all-time highs.

In February there was another spike that took the price to $0.070, while in March it remained steadily below $0.060.

It is important to note that this is also the current level, which is the level touched after the 2021 bubble burst. So this is precisely what should be taken as a reference. This is 360% higher than the level of the 2018 highs.

The curious thing is that after the bursting of the 2017/2018 bubble, the price of Dogecoin lost up to 87% in the subsequent bear market, and then in a very short time managed not only to recover, but to exceed the 2018 highs by 360%. This is a very interesting dynamic that seems to clearly show that there is a large and active community behind Dogecoin.

It is no coincidence that in 2021 Dogecoin was the most searched cryptocurrency in most US states.

Actually, in April 2021 the price of Dogecoin made a new spike that led it to record new all-time highs in May 2021, when it crossed the incredible $0.730 threshold, but that was an isolated pump due almost exclusively to the words of Elon Musk and his appearance on Saturday Night Live in the guise of the Dogefather.

Indeed, as early as the end of May it was back to $0.300, and has never again been able to even approach the $0.700 threshold. Until now it has practically done nothing but fall since 8 May 2021, so much so that the cumulative loss to date is a whopping 92%.

Nevertheless, it is worth pointing out that what happened in April and May 2021 was really a very anomalous, and in some ways unrepeatable, spike, so it would be better to take as a reference the price level touched in March 2021, before that anomalous spike. It is most likely no accident that the current price is perfectly in line with those March 2021 levels.

In light of this, it seems pretty unlikely that the price of Dogecoin could make another spike similar to that of April 2021, so it may struggle enormously to recover that -92% that now separates it from all-time highs.

A somewhat similar but even more resounding path is that taken by Shiba Inu (SHIB).

It now ranks 12th among cryptocurrencies with the largest market capitalization, separated from Dogecoin solely by Polkadot.

SHIBs 2021 spike has been very impressive. Before the bullrun began, its price was 0.00006 millionths of a dollar, or practically insignificant. By May 2021 it had spiked to 35 millionths, a jump of more than +5,000,000%.

Even that spike, as is easy to guess, was something abnormal and currently unrepeatable, so much so that the current price of 10 millionths is below that peak.

Whats more, it made a second spike between October and November, also in 2021, to an all-time high at 86 thousandths. In other words from the May peak to the November peak, it made an additional +145%.

So like for Dogecoin, it is probably not convenient to take the November peak as a reference, but the value of March 2021. The current price of SHIB is 88% lower than the November peak, but only 71% lower than the March peak.

Regarding the success of Shiba Inu, the same argument about Dogecoin applies regarding the community, but without Elon Musk. The fact that it only lost 71% from its March 2021 peak suggests that Shiba Inus community is perhaps as large and active as Dogecoins.

In contrast, for Litecoin and Bitcoin Cash, the argument changes, because they are two cryptocurrencies that enjoyed their greatest successes during the previous bullrun, namely that of 2017/2018.

Litecoin has now slipped into 22nd position by market capitalization, and although the all-time high price was recorded in May 2021, at $410, it was not much higher than the previous peak of $360 in December 2017.

On the contrary, after that 2017 peak, the price in the following years fell as low as $30, which is a level not much lower than the current $50.

Hence during 2021 the price of LTC has actually done nothing but return to 2017 levels, and during 2022 it is returning to late 2018 levels. In other words, it seems that this project has exhausted the upward momentum it had during the previous cycle, the one that ended in May 2020 with Bitcoins third halving.

Despite several attempts to revive it, it has really lost a lot of steam and especially a lot of interest from the community that supported it in 2017. It is by far one of the oldest altcoins, and perhaps its time has passed by now, unless it changes.

In the case of LTC, it seems to make perfect sense to take the all-time high of May 2021 as a reference, and given that the accumulated loss since then is 87% the future does not look particularly bright.

For Bitcoin Cash (BCH) the situation looks even worse, because during the 2021 bullrun it failed to approach the all-time high of 2017.

From the $3,700 touched five years ago, the price dropped to $77 in 2018, in a true vertical collapse.

During 2021, it managed to rise again but only to $1,500, less than half of its December 2017 value. The current value of $110 is not far from the 2018 lows, and is an impressive 97% below the all-time highs.

By now it has slipped to 33rd in market capitalization, and the project seems to have no momentum left to try to revive itself. Most likely the incredible spike of 2017, when it went from $300 to $3,700 in just four months, is not only not repeatable, but can also be considered a real anomaly.

Perhaps it is better to take as a reference the high of $1,500 touched in 2021, from which the cumulative loss so far is 92%.

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Altcoin: analysis of Dogecoin, Shiba Inu, Litecoin and Bitcoin Cash - The Cryptonomist

A graphic posted by crypto analyst Lark Davis on the top 15 cryptocurrencies by market capitalization as of Oct.15, 2017, showed Cardano in the far 14th spot with a market capitalization of $779 million. XRP was ranked as the third largest cryptocurrency then, with a $10.17 billion market valuation.

Cryptocurrencies, Bitcoin Cash, Litecoin, Dash, NEM, Monero, Neoand Bitconnect ranked in 4th to 10th places, respectively. IOTA, Ethereum Classicand Omisego ranked ahead of Cardano in the 11th, 12thand 13th spots, respectively.

Exactly five years later, a great "reshuffle" has been seen. Cardano now ranks as the 8th largest cryptocurrency with a market valuation of $12.69 billion, a nearly 1,500% increase in its market cap from 2017.

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Bitcoin Cash, Litecoin, Dash, NEM, Monero, Neoand Bitconnect are nowhere near the top 10. Bitcoin Cash ranks as the 31st largest cryptocurrency.

Litecoin is currently the 20th largest crypto, NEO is the 65th largest, NEM is the 96th largest crypto assetand Bitconnect is nowhere to be found. Bitconnect was an open-source cryptocurrency that was connected to a high-yield investment program, a type of Ponzi scheme.

Due to the founders' exit scam and accompanying legal issues, Bitconnect (BCC) is no longer trading on any legitimate exchanges as Bitconnect collapsed in 2018. In terms of market value, IOTA is presently the 60th-largest cryptocurrency, whereas Ethereum Classic is the 23rd largest.

Cardano started as a federated network with just a few nodes over five years ago. Currently, Cardano has worked across five development themes (Byron, Shelley, Goguen, Basho, and Voltaire) with over 3,000 nodes and 6.4 million native tokens. The Vasil upgrade, ushering in the Babbage Era, was triggered on Sept.22.

Presently, Cardanoranks as the third largest proof-of-stake blockchain with a staking market cap of $9.89 billion. However, the ADA price remains undervalued at $0.39 per coin compared to other large blockchains and has often attracted criticism tothe network.

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Cardano: Here's How Far ADA Has Moved with Glance at Top 15 Cryptos in 2017 - U.Today

This is an opinion editorial by Dan Gould and Nick Farrow. Gould is a developer who worked on TumbleBit, PayJoin and Chaincase App and has been sponsored by Human Rights Foundation and Geyser Grants. Farrow is an Australian Bitcoin engineer best known for his open source payment processor SatSale.

Hey, I just got an invite to this hackathon in Malaysia, said Evan Lin, interrupting my flow over my laptop in the Taipei Hackerspace. That sounds magic, I snapped back. Can I come?

Id been smacking my head on the desk for weeks. Lin had been tearing apart my idea of what bitcoin privacy was. Its a private event, not your typical hackathon. I can ask.

One flight, two weeks, and six minutes of voice message logistics later, we were walking down durian-lined streets of Kuala Lumpur, Malaysia, with Lloyd Fournier, ruminating over a shared passion to make bitcoin privacy stick. Now we were a team. We set out to upgrade Fedimint using half-polished cryptography, some scribbled-down notes, and then demo it at the first-ever Malaysian BitDevs meetup five days later.

Fournier had joined Nick Farrow to develop FROST, a new threshold cryptography that takes advantage of Taproot, in the months prior. Being a fountain of Bitcoin human resources, Fournier had also been working closely with Lin who is a Bitcoin Dev Kit (BDK) contributor. He and I had spent the last few weeks upgrading PayJoin privacy under fluorescent lights during the wee hours in Taipei, Taiwan, so wed established trust to jump in the deep end on a project together. Fourniers invitation was a step to the edge. To demonstrate the cutting edge cryptography to the world, we had to put FROST in an app. Fedimint had everyones eyeballs for its new threshold custody model. It was fit for the quest.

Self-custody is a novel, scary concept for most people. So many people store bitcoin in third-party custody on exchanges, leaving them exposed to censorship and indecent surveillance. Federated mints offer a third way: A federation of known guardians keep community funds safe. So how does it work?

Anyone can send bitcoin to a Fedimint in exchange for E-cash tokens. The guardians share custody of the communitys bitcoin in a multisignature wallet. The E-cash tokens are just some data: blind signatures redeemable for some amount of bitcoin later. Theyre superpowered banknotes. Submit a Lightning invoice and your E-cash tokens to peg out. You could get E-cash in a text and have the federation reissue signatures so nobody else can take it. The signatures are blinded, so it can be redeemed in total anonymity. Anyone can send E-cash to a Fedimint to get bitcoin.

In order to share custody between guardians, Fedimint uses legacy Bitcoin Script-based multisignature addresses. A threshold number of guardians sign in order to transfer funds. These funds are easy to spot on the blockchain since Script multisig writes the number of signers and the total number of guardians to the blockchain for anyone to see. Even though E-cash is anonymous, surveillance companies could identify peg-ins, peg-outs and cluster community funds. By harnessing Bitcoins latest upgrade, Taproot, our team solved this privacy issue by switching Script multisig to FROST.

FROST (Flexible Round Optimized Schnorr Threshold) is a powerful new kind of multisig that aggregates the key shares of federation members into a joint FROST key. To spend under this key, a threshold number of members must each produce a signature share. The shares are then combined to form a single signature that is valid under the joint FROST key. Members coordinate off chain. FROST transactions are indistinguishable from regular single-party Taproot spends, and so stop the creepy surveillance. On top of that, FROST allows for flexible federations, allowing new guardians to join without coordinating every member of the federation to generate new keys again.

Our first step was to understand how the federation reached a consensus each signing round. Fedimints consensus algorithm can tolerate bad behavior for up to a third of the federation and still reach consensus. It took a day on the white board to decode the consensus algorithm and another to configure the initial FROST key generation.

Coming to Fedimint consensus (picture supplied by authors)

We cheated key generation by doing it all in a single trusted devices memory. In best practice, a two-round ceremony keeps an individuals secret shares of the joint FROST key which only ever exists on that individuals device. The overall secret is never reconstructed.

We tested a peg-in transaction before we modified Fedimint wallet code and got perplexed. Because of a limitation of blind signatures, Fedimint E-cash tokens (akin to CoinJoin outputs), are limited to preset denominations so that each E-cash token transfer has an anonymity set. Waiting and waiting and waiting, Lin laughed that we must have messed something up.

Turns out, standard note denominations we set required the mint to generate around 300,000 signatures to issue enough E-cash to cover the peg-in amount. There are proposals to fix this by using anonymous credentials instead. We reset the mint to use much higher default denominations since we were just testing. Hackathons are for hacks, after all.

In a stroke of good luck, Bitcoiner Malaysia had just formed and was primed for their first event. Between the four of us hackers, a host of the largest Chinese bitcoin podcast and the scholar on track to earn the first Bitcoin Ph.D. in Malaysia, we planned to show our proof-of-work at BitDevs at the end of the week.

Our hardest task remained ahead of us: federated signatures. To produce a FROST share, signers must agree to common randomness, called nonces. In the case of Fedimint, the signers use consensus to agree on a unique nonce for each federation member joining a signing session. Then signing participants aggregate shares into a complete signature.

While we drafted our live demo for the meetup, we managed to get some nonce sharing semi-working and fixed some fee bugs too. Despite our hard work, dinner rolled around before our code worked. We crossed the threshold into the deepest hackathon territory huddled around the TV for triple-paired programming in Farrows hotel room.

With our tapwaters ready and Unreal Tournament soundboard cranked up, Fournier sat at the keyboard, while we hurled bug fixes, variable names and commands from the back seat. 1:30 a.m. rolled around and our eyelids were heavy. A few taps later, just like magic, the peg-out worked. Each signer would receive signature shares from the others and redeem anons E-cash in exchange for bitcoin. Flawless Victory rang out of the soundboard. We cheered in disbelief.

Except it did not work. The next day we ran the code and saw problems straight away. We only got lucky the night before. It worked only once out of three or four attempts. We combed over hackathon-quality code for hours. Well after lunch, we still worried wed have to cram in another late night. To our avail, we found the problem: a classic indexing error. At 5:00 p.m. FROSTimint was ready to present.

Once we circled up for BitDevs, locals took a self-described support group format for introductions. Fournier brought us back to reality with the technical. The inaugural meetup deliberated the future and foibles of custodians with delight. How would we choose guardians? Can they hold fractional reserves? Most importantly, how can my laksa noodle soup shop transcend fiat by using Fedimint?

This is a guest post by Dan Gould and Nick Farrow. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine.

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Using Taproot And FROST To Improve Bitcoin Privacy - Bitcoin Magazine

Bitcoin Cash had shed 24% of its value in the previous 12 days. Leading coins like Bitcoin (BTC) and Ethereum (ETH) have also experienced double-digit losses over the past 26 days as a result of the broader market slump.

Bitcoin Cash has already shed 10% of its value in the last 24 hours. This, despite enjoying 40% increase In trading volume in the last 30 days.

Since the start of the month, the total market capitalization of cryptocurrencies has decreased by nearly 5%. The broader market slump has had an effect on Bitcoin Cash (BTC), which has a strong positive correlation with BTC.

More so, BCH increased by 40% in value over the past 30 days, trading at $145.92 as of August 15.The assessments of BCHs price changes on a daily chart also did not provide optimistic information.

Investors have steadily dropped their BCH holdings since August 19.

Meanwhile, Relative Strength Index (RSI), Money Flow Index (MFI), and Chaikin Monkey Flow (CMF) were all pushed below their respective neutral zones by the increase in coin distribution.

According to CoinMarketCap, Bitcoin Cash price is trading at $115.65 or up by 0.05% as of press time.

The RSI was seen at 40 as per the time of writing. The coin had an MFI of 39 and a CMF of -0.20. The buying pressure for the BCH coin had weakened during the previous three days.

At around $113.894348144531, Bitcoin Cash is currently trading close to its five-day low. The cryptocurrency is 3.73% higher than its five-day low of $113.89 and 14.46% lower than its five-day high.

The price of Bitcoin Cash is currently over the barrier. In the event that the rally fizzles out, Bitcoin Cash might be in a volatile position with support located at $113.2 and resistance at $117.44.

Recent Bitcoin Cash trading has been rather quiet. This indicates that todays volume is lower than the volume average for the previous seven days.

Since August 15, fewer distinct addresses have exchanged BCH currency. At the time of publication, there were 16,400 daily active addresses on the BCH network. In the past 12 days, it has decreased by more than 71%.

During the same time period, the networks transaction volume also decreased by more than 50%. BCHs transaction volume, measured in USD, dropped from $93.79 million to $9.63 million in less than 15 days.

As for mining on the network, rewards obtained by miners from transaction fees and the block subsidy since 15 August have increased by 10%, notwithstanding the decline in the price per BCH coin during the time under review.

According to the 30-day Market Value Realized Value (MVRV), the percentage of BCH investors who made money in the last month was negative (-16.58).

This statistic also recorded a negative value of -51.21 over a 365-day period. This highlighted the fact that many BCH investors have lost money since last year.

Originally posted here:

Bitcoin Cash Loses 10% In Last 24 Hours, Despite 40% Hike In Trading Volume - NewsBTC

Bitcoin Cash [BCH] has turned out to be one of the best cryptocurrencies that one could have bought during the weekend.

Last weeks crash triggered a sell-off across the crypto spectrum. Most of the top cryptocurrencies have struggled to recover due to fears of more downside.

However, BCH has already bounced back by more than 20%.

The token climbed as high as $139 in the last 24 hours at press time. This peak represents a roughly 23% upside from its weekly low of $111.

Bitcoin Cashs robust bounce back from last weeks lows suggests that it attracted heavy accumulation.

Whale activity metrics confirmed that there was indeed a significant wave of buying activity.

The whale transaction count metrics registered an increase in whale activity, especially from 22 August.

This was around the same time that the price embarked on more upside after the extended downside on 19 August.

The increased whale activity was also backed by a substantial increase in the number of daily active addresses. Almost as if retail buyers were responding to the whale accumulation.

The metrics collectively confirm that BCH managed to command healthy demand that culminated in a noteworthy rally.

There was enough buying volume to trigger a bullish cascade as investors sought the next best opportunity after last weeks crash.

Moreover, the 30-day MVRV ratio confirmed that there was strong accumulation after 19 August.

As a result, it registered an uptick, confirming notable profitability for those who bought the recent bottom.

Just last week, Canadian regulations enforced a $30k CAD buy ceiling on non-ETH cryptocurrencies. Bitcoin Cash was among the four cryptocurrencies exempted from the rule.

The regulatory requirement may have shifted demand in favor of BCH. However, this is not necessarily the case considering that Litecoin, Bitcoin, and ETH did not enjoy a similar upside.

Well, BCHs price action in the last two months might provide a clearer answer.

Bitcoin Cash hit its 2022 bottom towards mid-June, unlike most of the top cryptocurrencies which bottomed out in mid-June.

Its price action since then appears to be forming an ascending price channel, as has been the case with most of its counterparts in the last two months.

If this turns out to be the case, then the latest bounce back is the second support retest. Hence, the trend is still strong. If that is the case, then we should see a resistance retest near the $169 price level.

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Bitcoin Cash is up by 20% from its low on 19 August, thanks to - AMBCrypto News

Founder and chief investment officer of crypto-focused fund Cyber Capital Justin Bons have called Bitcoin (BTC) technically one of the worst cryptocurrencies, and a purely speculative asset without utility in comparison with other cryptocurrencies due to its lack of technological progress.

Bons added his two cents in an 11-part Twitter thread on Sunday, stating that Bitcoin and BTCs value proposition has long deteriorated due to a broken long-term security model, comparatively weak economic qualities and lack of capacity, programmability and composability.

Bons has been an outspoken figure in the crypto community for several years now, having established one of Europes oldest cryptocurrency funds, Cyber Capital, in 2016 and considering himself a full-time crypto researcher since 2014. In addition, Bons has run nodes on the Bitcoin and Bitcoin Cash networks.

While Justin said he vigorously defended BTC in 2014, he said the reality is that BTC dramatically changed since that time, with the decision to not increase the block size limit representing a major departure from the original vision and purpose of Bitcoin:

Bons, however, doesnt appear to address the Bitcoin Lightning network, which is one of the more obvious solutions to the networks scaling problem.

Bons added that competitor networks have adopted superior token design methods, with some smart contract networks adopting fee-burning mechanisms that can trigger negative inflation rates for the token:

Without any significant technological advances or utility, Bons argues that BTC has for many people become a purely speculative asset, who continue to invest contrary to fundamental reasons of revenue, utility & use case analysis.

Bons isnt the first to use such strong language to describe Bitcoin.

In June 2022, Chair of Chinas Blockchain Service Network (BSN) Yifan He told Cointelegraph that all unregulated cryptocurrencies including Bitcoin are Ponzi schemes.

Former United States Treasurer and current Ripple Board Member Rosa Rios said last year in September that Bitcoin isnothing more than a speculative tool in comparison to other digital assets like XRP, which is primarily used to facilitate cross-border payments.

Related: What is the purpose of Bitcoin: Speculation or dollarization?

When it was originally launched in 2009, Bitcoin was designed as an electronic peer-to-peer cash system. Satoshi Nakamotos Bitcoin white paperaddressed that any speculation regarding its value as an investment is simply a by-product of its main purpose.

The narrative surrounding Bitcoin has changed over time, with the leading cryptocurrency being seen as an inflation hedge, store of value and digital gold throughout the years.

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Bitcoin is one of the worst cryptocurrencies claims Cyber Capital founder - Cointelegraph

By Sounds and Colours | 29 August, 2022

Measuring just 18 square kilometers, the beautiful Bequia is the second-largest island in the Grenadines. Known to locals as the island in the clouds, Bequia (pronounced beckway) has fewer than 6,000 inhabitants and has, until now, been off-grid to most visitors to the Caribbean.

With its beautiful white sandy beaches and luscious, green-filled mountains, Bequia has welcomed the odd A-list celeb to take a dip in the deep blue sea from their anchored yacht or to drink at one of its straw beach bars.

It has also played host to royalty, with the Queen and her late husband Prince Philip visiting in 1985. Princess Margaret Beach was actually named after the royal who swam in its waters back in the 1950s. Bequia has been content to keep a low profile in comparison with its neighbor Mustique, the celebrity playground nine miles away, across the dazzling blue ocean.

A young Caribbean real estate developer, Storm Gonsalves, is looking to change the idyllic islands horizon forever. He is planning to create the worlds first Bitcoin community, where cryptocurrency will be taken as payment for everyday essentials such as buying groceries, eating out at a restaurant or even buying a ticket to see a film at the communitys cinema.

The One Bequia development will see the building of 39 luxurious villas with pools, bars, shops, restaurants and a clubhouse, with its own private gym, spa and cinema. Buyers will be able to buy the two to five-bedroom villas with a price range from $1.1m to $2.3m in digital currency or US dollars.

Locals on Bequia will continue to use the Eastern Caribbean dollar, which has Queen Elizabeth II on both its notes and coins. Goods and services will also be offered in dollars, but its hoped that crypto-friendly residents will opt to use Bitcoin, Ethereum, Dogecoin or Bitcoin Cash.

Bitcoin is a decentralized digital currency, not beholden to any government or central bank but to a network of computers (blockchain) that regulate its production and value. Bitcoin kicked off the crypto boom when it completed its first transaction in 2009.

There are over 10,000 products on the cryptocurrency list but Bitcoin remains top of the chart for value. Its a well-known fact that the five most-valued cryptocurrencies make up over 75% of all cryptocurrency value these include Bitcoin, Ethereum, Dogecoin and Bitcoin Cash.

Investors keep a close eye on the cryptocurrency prices to inform trade, however, Bitcoin seems to be a sure bet due to its consistency in holding top spot. At the time of writing, as measured by market capitalization, Bitcoin holds top position with a value above $24,000.

Ethereum sits in second place with a price of just over $1,900. Cryptocurrency prices for Dogecoin and Bitcoin Cash are lower in value but its clear to see that Bitcoin is most certainly the market leader.

The One Bequia development team, headed up by Storm Gonsalves, the son of Ralph Gonsalves, Prime Minister of St Vincent and the Grenadines, strongly deny that this is a marketing gimmick. Instead, they insist that the acceptance of cryptocurrency payments is becoming increasingly more of a necessity than a ploy.

Storm Gonsalves argues that residents of small islands find it increasingly difficult to send and receive money internationally due to de-risking by large international banks. De-risking is when large institutions remove intermediary banking services from smaller, island-based community banks.

The One Bequia development manager also stated that if this trend is to continue it will result in small island nations becoming cut-off from international trade and commerce. For tourism-based economies, this would be devastating.

It is for this reason that many Caribbean island nations are adopting blockchain and other cryptocurrencies much quicker than other more-developed nations, as a solution to the growing issues. Storm Gonsalves believes that Bermuda, the Bahamas, Barbados and now St Vincent are leading the way.

In March 2021, the Eastern Caribbean established themselves as the first digital currency union in the world, launching DCash across four island nations: Antigua and Barbuda, Saint Kitts and Nevis, Grenada, and St Lucia.

One Bequia are anticipating development of the 39 villas, bars, restaurants and the clubhouse to be completed by 2024. Villas will be equipped with the latest in smart technology and the development team believe they are an attractive investment for those accustomed to investing and speculating on the cryptocurrency markets.

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Bequia The First Bitcoin Community - Sounds and Colours

The privacy coins monero and zcash managed to see fewer percentage losses against the U.S. dollar this week, in contrast to crypto assets like bitcoin, ethereum, and solana. Seven-day statistics indicate zcash has lost 5.6% against the USD, while monero dropped by 6.1%.

At the time of writing, the entire market capitalization of all the privacy coins in existence is roughly $5.55 billion. Monero (XMR) leads the pack with a market valuation of around $2.64 billion or 47.5% of the entire privacy coin economy. Zcash (ZEC) is the second largest privacy coin in terms of market capitalization as ZECs overall market valuation today is $789 million.

Behind XMR and ZEC, are privacy tokens such as decred (DCR), nucypher (NU), secret (SCRT), horizen (ZEN), ergo (ERG), digibyte (DGB), and beldex (BDX), respectively. Top privacy coin double-digit gainers this week include deeponion (ONION), litecash (CASH), pivx (PIVX), and masari (MSR). The weeks top privacy coin losers in terms of percentage losses include tokens like zclassic (ZCL), lethean (LTHN), and phore (PHR).

The top five privacy coin crypto assets make up most of the $5.55 billion in privacy coin value, and each token offers different types of privacy techniques. XMR is a Cryptonote token with a blockchain protocol that was not forked from Bitcoin. XMR uses ring signatures, ring confidential transactions, stealth addresses, bulletproofs, and Dandelion++. The ZEC network can shield transactions by leveraging a zero-knowledge proof called zk-SNARKs.

Decred (DCR) utilizes a Coinjoin mixing scheme called Coinshuffle++ (CSPP) to obfuscate transactions. Nucypher (NU) deploys Proxy Re-Encryption (PRE), a technology that allows the owner of the private key to encrypt data. Similar to NU, the Secret (SCRT) blockchain provides key management techniques, Trusted Execution Environment (TEE) schemes combined with encryption to enhance privacy.

While privacy coins have taken less of a beating this week compared to ETH or BTC, they still have lost quite a bit of value during the last year. Four months ago the privacy crypto coin economy was worth a whole lot more, at $10.7 billion. XMRs overall market valuation was $4.13 billion and ZECs was $1.84 billion on April 28, 2022. Nine months ago on November 6, 2021, the privacy token economy was worth $14.9 billion.

At that time in November 2021, NU was not in the top five, as horizen (ZEN) held the fifth position in terms of privacy coins by market cap. XMRs overall market valuation was $4.69 billion. ZECs market capitalization on November 6, 2021 was slightly higher than the April 28, 2022 record with $1.94 billion. In November 2021, XMRs and ZECs market caps combined were larger than todays privacy coin economy value.

What do you think about the privacy coin market action in recent times? Let us know what you think about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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The Top Privacy Coins Saw Fewer Percentage Losses Than Most Tokens This Week Privacy Bitcoin News - Bitcoin News

The plot thickens. Did the supposed Tornado Cash developer arrested in The Netherlands have ties to a Russian security agency? Is a job in 2017 for a company with tenuous connections to Russia enough to justify the arrest? As Bitcoinist told you and reiterated, there had to be another reason that FIOD and the OFAC arrested a simple Tornado Cash coder. Is this one it? We dont have official confirmation yet, but it might be.

Apparently, the alleged Tornado Cash developer was Aleksey Pertsev, CEO of PepperSec and resident of The Netherlands. The information about his supposed ties to Russian intelligence comes courtesy of Kharon. The company provides data and analytic tools to optimize the core functions of financial crimes compliance programs, including KYC, screening, and investigations.

Their report states that Tornado Cash runs on software code developed by PepperSec, Inc. What and where is that company exactly?

PepperSec is a Delaware-registered corporation with its primary place of business in Seattle, Washington, according to a 2020 SEC filing. PepperSecs website describes the company as a security consulting firm of white hat hackers.

Currently, the website in question contains an About Us that says:

Were professional security engineers seasoned by many years of practical experience and deep understanding of technologies. Were ready to battle to make your project as secure as possible.

Fair enough, but

Apparently, Kharon reviewed personal and company profiles and determined that Aleksey is PepperSecs CEO. So far, so good. Wheres the smoking gun, though? Back to Kharons report:

In 2017, Pertsev was an information security specialist and developer of smart contracts for Digital Security OOO, according to an archived version of the companys website reviewed by Kharon. Digital Security OOO is a Russian entity designated by the U.S. Treasury Department in 2018 for providing material and technological support to the FSB, Russias primary security agency. Treasury alleged that, as of 2015, Digital Security worked on a project that would increase the offensive cyber capabilities of Russias intelligence services.

Thats tenuous, to say the least. And in no way related to Tornado Cash. However, a caveat is that the other two PepperSecs founders U.S.-based Roman Storm and Russia-based Roman Semenov havent been touched. So far. So, the case might be against Aleksey Pertsev alone.

For this part, well turn to quotes from notorious bitcoin enemy Fortune. The magazine interviewed Nick Grothaus, vice president of research at Kharon, who said:

You had this guy working for [Digital Security OOO] and doing pen testing himself, and then Treasury designated the company for helping the FSBs hacking capabilities.

Ok, we didnt know about the pen testing part. However, how does this relate to Tornado Cash? To answer that question the magazine resorts to Alex Zerden, an adjunct senior fellow at the Center for a New American Security, who said:

This opens up a lot of credibility issues for the developers of Tornado Cash. This is pretty profound information that informs why the U.S. government and Dutch authorities have taken certain actions.

Does it, though? There seems to be a more complex and complicated picture that takes more time to unravel, Zerden added. And we agree. Thats why the EFF asked for clarity around the Tornado Cash situation. As Bitcoinist already said, maybe the OFAC has a better case and the developer is guilty of something else. If thats the case, with clarifying information and reducing the ambiguity the OFAC would have avoided this whole situation.

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Is This The Reason Dutch Authorities Arrested The Alleged Tornado Cash Developer? | Bitcoinist.com - Bitcoinist

The Central Bank of Russia has relaxed some limitations for Russian banks selling U.S. dollars and euros to the public. The increased supply of foreign cash may affect the crypto market in the country as currency restrictions have been a driver of increased demand for digital coins.

The Central Bank of the Russian Federation (CBR) has lifted one of the restrictions on the sale of U.S. dollars and euros in cash to private individuals imposed amid Western sanctions over the war in Ukraine, the Interfax news agency reported.

Until recently, Russians could buy only dollars and euros sold to the banks at their cash desks after April 9, 2022, by other physical persons. Now the CBR has allowed Russian lenders to sell the two convertible currencies if they are also obtained from other sources.

The regulator explained that these may include transactions with non-resident banks as well as foreign cash deposited by Russian legal entities. The adjustment will allow banks to increase the supply of cash dollars and euros, its press service said, noting that other restrictive measures will remain in place until March 9, 2023, as announced earlier this year.

In August, the Bank of Russia extended restrictions on U.S. dollar and euro cash withdrawals for another six months. At the moment, Russian banks are not limited in the sale of other foreign fiat currencies, the report notes.

Moscows decision to invade Ukraine in late February was met with harsh economic and financial sanctions introduced by the West. They have limited Russias access to global finances, including its foreign currency reserves.

Currency restrictions enforced by the CBR led to a spike in demand for crypto. Many Russians have been buying bitcoin, other cryptocurrencies, and stablecoins to use them for money transfers abroad, among other purposes. It remains to be seen how their loosening now will affect the local crypto market. A recent poll showed that close to a third of Russians are ready to buy coins in the next six months.

Do you think the easing of foreign cash restrictions will influence crypto demand in Russia? Share your thoughts on the subject in the comments section below.

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchenss quote: Being a writer is what I am, rather than what I do. Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

Image Credits: Shutterstock, Pixabay, Wiki Commons, diy13

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Bank of Russia Eases Restrictions on Purchases of Dollar and Euro Cash Finance Bitcoin News - Bitcoin News

Bitcoin Cash is up more than 30% from its lowest level so far this year and is almost entering overbought territory. However, BCH enthusiasts that might be worried about missing out still have a chance at catching the boat.

The latest bullish relief may have provided some relief from the bears. However, zooming out reveals that the latest upside is rather minuscule compared to the extent of BCHs downside.

To put it into perspective, Bitcoin Cash needs at least a 10x move to recover back within its previous all-time high (ATH) range.

The alt is still trading below its January 2020 levels. This highlights the extent of its sell-off. It also demonstrates why BCH is still oversold.

It simply means that investors still have a chance at a healthy entry point for the next bullish phase.

While this might be favorable for long-term HODLers, things are less certain for short-term traders.

BCHs $130.6 press-time price of 24 July is still far from the next resistance zone.

However, it has experienced increased friction after crossing above the 50-day moving average.

BCH showed signs of a sell-off from 20 June to 23 June and this was backed by some outflows according to the MFI.

However, it continues to show an affinity for the upside but on-chain metrics suggest that whales might be anticipating a cooldown, especially after the latest rally.

However, it is worth noting that BCH is not yet oversold. Hence, there is a chance that it might continue rallying.

Some of Bitcoin Cashs metrics already point toward a potential downside. For example, the supply held by whales has declined significantly in the last 30 days.

Meanwhile, its MVRV ratio did the opposite by climbing. At press time, it was at its highest level. This means many traders who bought the dip are in profit.

The price uptick despite the outflows from whales suggests that the bulls were supported by strong retail demand.

However, retail buying pressure might not survive long without support from larger addresses.

Furthermore, 24-hour whale transaction activity and active addresses dipped significantly in the last four days.

It is uncharacteristic of whales to buy higher, thus they will likely wait for another price drop to buy at a more favorable entry point.

This is assuming that retail volume runs out of steam, but many of the buyers in this segment might be long-term investors, hence raising the floor price.

But, there are always ups and downs, and the chances of a wave of FUD pushing and wiping out some of the latest gains are also significantly high.

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Bitcoin Cash is oversold but heres how traders can manage risk - AMBCrypto News

This is an opinion editorial by Adam Taha, an entrepreneur with two decades of government and corporate finance experience.

The latest consumer price index (CPI) print came out at a shocking 9.1% (9.8% in cities), and many speculators expected bitcoins price to moon. What happened was the opposite and bitcoins price action correlated with other risk assets. Many threw an expected tantrum and asked why? I thought BTC was a hedge against inflation when moon?

Keep in mind that bitcoin is a 13-year old resilient asset with just 13 years of network effect. How is it resilient? While the dollar, as we all know, has continued its meteoric climb, posting fresh yearly highs versus the British pound, euro, and Japanese yen year to date, making it a wrecking ball against most foreign currencies and risk-on assets. However, for the past week something incredible started happening: The price of bitcoin (in USD) has been keeping an extremely strong level of support as the dollar gains. This signifies a massively important event in my opinion.

Image source: Tradingeconomics.com

Bitcoins price action frustrates some retail investors. Thats because the market is not dominated by retail. Its dominated by institutional investors and big money. Institutions dominate the market but are themselves bogged down by rules, regulations and policies. As such, they view bitcoin as a risk-on asset and when inflation runs hot (latest print of 9.1%) then they go risk-off especially when interest rates are high (quantitative tightening (QT) environment). Generally, cash is king is a common statement in traditional finance and the current fiat system for many investors. Institutions sell their risk assets (risk-off) and they buy cash (USD) and cash-flow equities when the DXY rises.

Note that gold and silver have significantly dropped in the last few weeks. So, what happened to their safe store-of-value proposition? Nothing. The proposition itself likely still holds. Its not about the assets themselves, its about accumulating dollars right now. Having liquid cash is better for institutions and investors than having a valuable yet illiquid asset. Remember, institutions view cash as king in times of high inflation and QT.

To reiterate, Bitcoin is only 13 years old and it is taking time for retail and institutions to understand the true value of bitcoin. For now, institutional investors continue to view cash as king, and many people in retail still dont understand what kind of money bitcoin is. So, for now were still stuck in the Federal Reserve Boards monetary world.

The Feds policy is unsustainable. They know that, we know that. They cant and wont stop printing by adding liability to their balance sheets (debt to be paid off by future generations). What is the solution? Bitcoin is the solution. Sure, in two months cash will still remain king, but in two years cash will return to its original form: trash. Meanwhile, bitcoin will keep doing its thing and investors (both retail and institutions) will realize its value.

The following statement is relative: Bitcoin is a hedge against inflation. I say relative because for someone who bought bitcoin years ago (before 2017) that statement holds true. But for someone who bought recently, that statement is taken with some skepticism. Long term, it certainly is a hedge against inflation.

A credit default swap or CDS is an insurance instrument that institutions use when they own a bond issued by an issuer like a corporate or government bond. They can buy insurance against that bond failing (issuer defaulting). For institutions and investors, Bitcoin can and should be their CDS on the Fed failing. Bitcoin protects your wealth from debasement and it protects you like a CDS on the government. Bitcoin is your insurance policy against the governments entire monetary policy and its scam token (aka the dollar).

The future is almost entirely digitized. Money will be no different. Bitcoin is without a doubt the only solution for a sound, immutable, secure, digital money that gives people their sovereignty. Banks are counterparties. Goldman Sachs, NYSE, Vanguard, Fidelity, and others are counterparties. With bitcoin, you own the asset outright and not the underlying asset. In todays system, the reliance or hope is on the counterparty to uphold their end of the obligation and give what is owed to you when you need to liquidate an asset. Bitcoin flips this on its head using an elegant system of incentives, encryption, supply cap, decentralization, and a network that anyone can participate in.

Growing your purchasing power comes second. First, you have to protect that purchasing power. How do you protect your purchasing power? Bitcoin.

This is a guest post by Adam Taha. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine.

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Why Bitcoin Is A CDS On The Fed - Bitcoin Magazine

In June, Coinbase debuted its micro-bitcoin futures product.

The 1/100th-of-a-bitcoin cash-settled futures contract trades on several retail brokers, including Wedbush, EdgeClear, and NinjaTrader.

The head of Coinbase Derivatives Exchange, Boris Ilyesky, noted at the time of the products launch that it needs less upfront cash than traditional futures products and presents real potential for a significant increase in customer involvement in US-regulated cryptocurrency futures markets.

Spot trade volumes on Coinbase have decreased dramatically, falling from $200 billion in May 2021 to $59 billion in July. Though its nano bitcoin futures product, which saw volumes reach records three days in a row in the previous week, is seeing a rush of new retail traders.

After many days of growth, notional volumes for nano futures reached 217,045 on July 19; however, according to data from Bloomberg, contract volumes fell to 117,493 on July 22. For most of June and July, volumes were below 50,000 contracts traded per day.

The company has experienced a spike in activity since retail broker partners started marketing/promotional activities last week, according to an email from Coinbases sales team. After purchasing FairX, a derivatives marketplace controlled by the Commodity Futures Trading Commission, Coinbase entered the cryptocurrency futures market this year.

With companies like FTX and CME Group trading bitcoin futures for tens of billions of dollars each month, it faces strong competition.

The Coinbase Derivatives Exchange originally known as FairX and acquired by Coinbase in January of this year will launch its first listed cryptocurrency derivatives product.

According to a blog post written on Friday, the so-called Nano Bitcoin futures contract will begin trading on June 27 under the ticker BIT. Each contract will have a size equivalent to one-tenth of a Bitcoin and be settled in cash, or more specifically, U.S. dollars.

Its interesting to note that the BIT contracts will initially only be traded through independent brokers and clearing companies.

For the purpose of directly providing margined futures contracts to its clients and consumers, Coinbase is now waiting for the Commodity Futures and Exchange Commission to approve the licence for its own futures commission merchant (FCM).

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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Coinbase Spots Record-breaking Volumes For Its Future "Nano" Product - The Coin Republic