Over the last few weeks, theres been a lot of attention focused on bitcoin cash (BCH) doubling in value and the $10 million worth of BCH-based futures being swapped on the Crypto Facilities platform every month. Last month, Crypto Facilities saw close to $50 million in BCH contracts. Since then, the popular Huobi exchange has also added BCH future contracts and traders can now take both long and short positions using the Huobi Derivative Market (Huobi DM).

Also read: Cryptonite Browser Extension Protects You From Phishing Sites and Fake Profiles

Interest in BCH derivative products has spiked considerably and bitcoin cash spot prices have been on a tear. On April 11, Huobi added BCH to the firms derivative listings and users can now short or long the decentralized cryptocurrency in order to bolster arbitrage and hedging positions. Huobi DM has done well since launching in Q4 of 2018 by offering weekly, bi-weekly, and quarterly cryptocurrency-based futures contracts. Previously the exchange only offered derivatives contracts for bitcoin core (BTC), ethereum (ETH), eos (EOS), litecoin (LTC), and ripple (XRP).

For the newly added BCH contracts, Huobi DM will offer a fee structure for BCH at 0.02% to open or close for makers and 0.03% to open or close for takers. Like traditional derivative platforms, the BCH futures will have price, order, and position limits. Moreover, the exchange provides real-time risk supervision, constant monitoring of contract prices, index prices, abnormal transactions, and positions. With our sophisticated price limit mechanism, no clawback has occurred since its launch, Huobi explained during the launch, adding:

Inclusion on Huobi DM means traders will be able to take both long and short positions on BCH, allowing for arbitrage, speculation, and hedging. Since 2017, Bitcoin Cashs value has fluctuated between $75.08 and $4,355.62.

Bitcoin cash futures markets have seen significant growth over the last few months and Crypto Facilities, a subsidiary of Kraken exchange, has been swapping around $10 million worth of BCH contracts per month. During the first week of April, Crypto Facilities executive Sui Chung explained in an interview that BCH contracts in March saw close to $50 million. This week, on the blockchain broadcast Bloxlive.tv, the cofounder of the Affiliate Economy Token project Jason Fernandes explained why he thinks its important to look at the futures market to see where smart money is moving.

Retail investors have always been kind of wild cards sometimes they dont behave rationally and its really a hype-driven cycle, whereas institutional investors are more disciplined and have a strategy in place, Fernandes told the Bloxlive.tv host. So if you were paying attention to the futures markets you would see the recent surge from bitcoin cash (BCH) and litecoin (LTC) wouldnt have been a surprise. Fernandes continued:

Bitcoin cash saw roughly $10 million per month and we saw that reflect in the price of bitcoin cash when it jumped up last week by something like 43%. I do believe this is a good way to see which way the smart money is moving.

In the last 12 months, BCH markets have enticed exchanges into offering BCH derivatives and traders can swap long and short positions on Bitmex, Crypto Facilities, Coinflex and now Huobi. On Bitmex, the BCH derivative allows traders to speculate on the future value of bitcoin cash with bitcoin core (BCH/BTC). Coinflex latest physically delivered cryptocurrency futures exchange provides users with leverage of up to 20x for bitcoin core (BTC), bitcoin cash (BCH), and ethereum (ETH) against the tether stablecoin (USDT). In the last 30 days, BCH has appreciated by +109.48% and is priced at $279 per coin today on April 14. To some spectators like Fernandes, the uptick of BCH contract volumes on derivatives exchanges one month prior to last weeks spike on spot markets was a reliable signal that smart money was moving in.

What do you think about Huobi adding futures markets and the recent BCH futures volume spike? Do you agree with Fernandes that it is a good way to see which way the smart money is moving? Let us know what you think about this subject in the comments section below.

Image credits: Shutterstock, Jason Fernandes, Twitter, Crypto Facilities, and Huobi.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Markets.Bitcoin.com, another original and free service from Bitcoin.com.

Jamie Redman is 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. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today.

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Bitcoin Cash Futures Volumes: A Prelude to the Recent BCH ...

Bitcoin cash price is currently correcting lower below $305 against the US Dollar. BCH could test $285 or even $275 before the bulls take control for a fresh increase.

This week, there was a sharp rally in bitcoin cash from the $255 support area against the US Dollar. BCH/USD rallied above the $285 and $300 resistance levels. There was even a close above the $300 level and the 55 simple moving average (4-hours). The price climbed above the $320 level, but it struggled once again near the $335 and $340 resistances. A swing high was formed at $336 and recently there was a downside correction.

Bitcoin, Ethereum and ripple too corrected lower, dragging bitcoin cash price below the $305 and $300 support levels. There was a break below the 50% Fib retracement level of the last wave from the $255 low to $336 high. More importantly, there was a break below a major bullish trend line with support at $301 on the 4-hours chart of the BCH/USD pair. The pair tested the $290 support level and it is currently near the 55 simple moving average (4-hours).

The 61.8% Fib retracement level of the last wave from the $255 low to $336 high is a strong support near the $286 level. Below $286, the price could extend its decline towards the $275 or $274 support. Once the current correction is complete, the price is likely to bounce back above $300 and $305. The next key resistance is at $315, above which the price may revisit the $335 and $340 resistances.

Looking at the chart, bitcoin cash price seems to be struggling below $305 and $300. It must break a connecting bearish trend line with current resistance at $301 to move into a bullish zone. If it continues to struggle, there is a risk of an extended drop to $285 or $275. If the bulls fail to defend even $275, the price may revisit the $255 support area.

4 hours MACD The MACD for BCH/USD is gaining pace in the bearish zone.

4 hours RSI (Relative Strength Index) The RSI for BCH/USD declined and it is now well below the 45 level.

Key Support Levels $285 and $275.

Key Resistance Levels $300 and $315.

View original post here:

Bitcoin Cash (BCH) Downside Thrust Underway Before Sharp ...

In a potentially rebellious move, major Japanese financial services company, SBI Holdings, announced it is delisting Bitcoin Cash (BCH) from its digital currency exchange. Lets check this out.

Yesterday, we covered the controversy surrounding the delisting of Bitcoin SV(BSV). Specifically, the worlds largest cryptocurrency exchange, Binance, announced yesterday that it will delist this crypto effective April 22nd.

The move comes as a retaliation against the actions of BSV creator Craig Wright (more on that to follow).

But today, tables are turning somewhat as major Japanese financial services company, SBI Holdings, is holding onto Bitcoin SV, but is delisting Bitcoin Cash (BCH). BCHs departure from the exchange will happen in June, and the exchange will keep support for BSV.

As with all things cryptocurrency, there are complications. Bitcoin Cash is the first hard-fork of the leading and original cryptocurrency Bitcoin (BTC) and was created in August 2017. Bitcoin SV, then, is a hard fork of Bitcoin Cash and was created by Craig Wrightwho controversially claims that he is the creator of the original Bitcoin.

Wrights proclamation that he is the person behind the pseudonym Satoshi Nakamoto has disrupted the cryptosphere. So much so, that several major crypto trading platforms have followed in Binances footsteps and chosen to also delist BSV. A #DelistBSV hashtag has even begun trending throughout social media.

Now, SBI Holdings has come to BSVs defense in a move that is bound to divide the cryptocurrency universe further. Reports from Cointelegraph suggest that the CEO of the financial giant, Yoshitaka Kitao, has a personal connection with Wright. A past Tweet of Wrights stated that Kitao is a friend and man I respect a lot.

>> FBCoin: Facebook Set to Launch Its Own Cryptocurrency Coin

With SBI ousting Bitcoin Cash, its hard to know where the market will go next. Will we start to see an exchange split across the globe? Team BSV vs team BCH?

Despite the news, Bitcoin Cash is climbing in valueup nearly 6% in the past 24-hours, trading at approximately $314 USD.

BSV has crashed this week on the back of the delisting controversy. While SBIs move may help to rescue Wrights pride, it hasnt been able to rescue the coins value. BSV is currently down more than 21% on the day, trading for $55 USD according to CoinMarketCap.

What team are you on?

Featured Image: DepositPhotos sirichaiDeposit

Continued here:

SBI Delists Bitcoin Cash | Keeps Support for Bitcoin SV

Bitcoin cash, litecoin, tron (TRX), binance coin (BNB) and EOS are setting up the next break. The crypto market remains supported and dips in bitcoin (BTC), Ethereum (ETH) and ripple remain well bid.

Bitcoin cash price was the best performer in the top 10 coin as it broke the $300 resistance level against the US Dollar. The BCH/USD pair even broke the $320 level and traded close to the $350 resistance. Recently, it started a downside correction and declined sharply below the $300 level.

However, the $275-280 support is acting as a strong buy zone. Therefore, the price is likely to bounce back as long as there is no close below the $275 support area.

EOS price settled above the $5.00 and $5.10 support levels. The price is currently consolidating above the $5.15 level and it seems like it could trade above the $5.20 and $5.30 levels. The next stop could be $5.40, above which the price may climb towards the $5.75 and $5.80 levels.

Tron price is trading nicely and it recently gained more than 5%. TRX price recently broke the $0.0265 and $0.0270 resistance levels to move into an uptrend. If buyers remain in action, there are chances of more gains above the $0.0280 and $0.0295 resistance levels in the coming sessions.

Binance coin (BNB) spiked towards the $20.00 resistance level, but it could not gain pace above $20.00. BNB is currently consolidating above the $19.00 level and it seems to be preparing for the next wave. If there is an upside break above $20.00, there could be a sharp rally towards the $22.00 level. If not, the price may decline to $17.50.

Looking at the total cryptocurrency market cap hourly chart, there was a downside correction from the $178.0B and $180.0B resistance levels. The market cap declined below the $170.0B level, but the $158.0B level acted as a strong support. It represents the 50% Fib retracement level of the last wave from the $136.8B low to $178.3B high. Therefore, as long as the market cap is above $157.6B level, there could be a fresh increase in bitcoin, ETH, TRX, LTC, EOS, BNB, ripple, ADA, XLM, WAN, BCH, XMR and other altcoins in the near term.

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Bitcoin Cash, Tron (TRX), BNB, LTC & EOS Could Continue To ...

Bitcoin cash has rallied this week,outperforming other top cryptocurrencies.

Bitcoin cash has surged recently, climbing upwards of 100% since Monday morning and leaving other top cryptocurrencies in the dust.

This digital currency, a fork of the original bitcoin, skyrocketed to $324.57 today,CoinDesk price datareveals.

At this point, it was up roughly 94.4% from its Monday low of$166.93 and 102% year-to-date, additional CoinDesk figures show.

In addition, the digital currency was trading at its highest point since roughly mid-November.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Fundamental Drivers

Some analysts pointed to fundamentals as fueling these gains, including asharp increase in bitcoin cash futures trading on Kraken subsidiary Crypto Facilities, which was reported by CoinDesk earlier this week.

Another factor that was cited as potentially pushing bitcoin cash higher was the launch of the digital currency'sSimple Ledger Protocol, which allowsdevelopers to create new tokens that can be traded on bitcoin cash's blockchain.

A third development is the news that website Bitcoin.travel now allows users to book flights using bitcoin cash.

Follow The Leader

However, other market observers provideda different narrative, claiming that bitcoin cash merely followed its digital sibling, the original bitcoin, higher.

"Bitcoin started moving and only then other coins followed," said digital currency investor and trader Marius Rupsys.

In other words, "bitcoin is leading the whole crypto industry."

Lance Morginn, cofounder, chief executive officer and director of digital currency analytics platform Blockchain Intelligence Group, offered a similar perspective.

"Bitcoin is acting as the anchor currency and can be credited for the initial price pop for bitcoin cash," he stated.

"From my perspective, it looks like the traders have hopped on to BCH given its greater momentum, as they can leverage BCH more than BTC."

Tim Enneking,managing director ofDigital Capital Management,also weighed in on bitcoin cash's sharp gains.

"Truth be told, there is probably no rational explanation for a movement of this scale, other than the generalized market upswing and FOMO," he stated.

Disclosure: I own some bitcoin, bitcoin cash and ether.

Read more:

Bitcoin Cash Has Nearly Doubled Since Monday - forbes.com

Sharp gain in bitcoin cash, litecoin, dogecoin, BTC, XLM, ripple and ADA fueled $40.0 billion crypto rally. BTC, XRP and ETH corrected lower recently, but they remain well supported on dips.

Recently, there was a strong upward move in bitcoin cash price above the $200 resistance level against the US Dollar. BCH outperformed every other coin in the top 10 and it almost doubled its price. Buyers even pushed the price above the $300 level and the price tested the $340 level.

Later, there was a sharp downside correction and the price traded below the $320 and $300 support. However, the price remains well supported on the downside near the $290 and $280 levels.

Litecoin also performed really well after it broke the $70 resistance level. It climbed more than 30% and broke the $80 and $90 resistance levels. LTC even traded close to the $100 resistance level and recently corrected lower. It moved below the $90 level, but the $80 and $82 levels are acting as strong supports. As long as the price is above $80, it is likely to bounce back above $90 and $95.

Dogecoin started a strong upward move after forming a support base above the $0.0020 level. DOGE price climbed above the $0.0025 and $0.0030 resistance levels. The recent rally was strong as the price even traded towards the $0.0035 level. A high was formed near $0.00376 level and the price is currently correcting lower. The main supports are near $0.0035 and $0.0032.

EOS price rallied sharply above the $5.20 and $5.50 resistance levels. It tested the $5.80 level and recently corrected lower. It tested the $5.20 support and it remains well supported above the $5.00 level.

Looking at the total cryptocurrency market cap hourly chart, there were further upsides above the $165.0B and $170.0B resistance levels. The market cap even moved closer to the $180.0B level before correcting lower. There was a sharp downside correction below the $175.0B and $170.0B levels. However, the previous resistance near the $160.0B zone acted as a strong support. The market cap is currently consolidating, but it could move higher once again towards $170.0B or even $175.0B. Therefore, there could be more gains in bitcoin, Ethereum, EOS, litecoin, ripple, bitcoin cash, dogecoin, XLM, ICX, and other altcoins in the near future.

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Bitcoin Cash, Litecoin And Dogecoin Bulls Aim Higher Despite ...

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: "CCN+Hacked". Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: "CCN+Hacked". Sign up here.

The crypto market cap has added a staggering $32.62 billion to its valuation in the last two days. And it is not just bitcoin that is leading the pump.

GLOBAL CRYPTOCURRENCY MARKET CHART | SOURCE: COINMARKETCAP.COM

What started as a bitcoin rally later transformed into an altcoin-fest when bitcoin cash and litecoin began to posting winning numbers.

While bitcoin cash surged from $168.50 to as high as $336.62, litecoin ballooned to almost twice its April 2 valuation, rising from $61 to a session high at $94.48.

Together, the worlds fourth and fifth largest cryptocurrencies injected $4.52 billion into the market. That comprised almost 14 percent of the overall crypto pump.

The bitcoin cash price extended its upside momentum this Wednesday with a 54.18 percent jump in just 24 hours. As of 18:15 UTC, the pair was trading at $319.06, down 5.5 percent from its intraday high.

Crypto exchanges facilitating BCH-enabled pairs posted an adjusted daily volume of $3.76 billion (based on CMC data), mostly against Tethers stablecoin USDT, bitcoin, and the South Korean won. On Yahoo Finance, the reported volume was somewhat lower at $228.72 million.

BITCOIN CASH 1D PRICE CHART | SOURCE: YAHOO FINANCE

The surge led BCH into an overbought area, according to its daily relative strength index. The momentum indicator was 91 at the time of this writing, awaiting correction. There is a likelihood that it would extend further into the buying area before dropping any lower, the signs of which could be seen in the price action above.

The BCH-to-dollar rate is currently targetting $400-408 as the next potential resistance area. The range earlier reversed BCH bearish momentum on nine separate occasions. The bears were able to break the support line only in the wake of poor fundamentals raised by the hard fork last November. $400 was support for bitcoin cash as much as $6,000 was for bitcoin.

That said, the bitcoin cash price could attempt a push towards or above $400-408 if accompanied by strong volume. A low-volume upside action would likely result in a pullback, taking the price first towards $279.83 a crucial support from the October 8 session while viewing the 200-period EMA as a potential downside target.

The litecoin-to-dollar rate jumped 31.69 percent, according to a 24-hour adjusted timeframe. As of 18:30 UTC, the pair was trading at $93.77 after correcting 2.3 percent lower from its intraday high.

On CMC, the LTC-enabled pairs noted an adjusted volume worth $5.83 billion. On Yahoo Finance, the reported volume was much lower at $158.59 million.

LITECOIN PRICE 1D CHART | SOURCE: YAHOO FINANCE

Like BCH, LTC also entered its overbought RSI area to 87. But unlike BCH, LTC had a crucial technical indicator supporting its upside push. The Golden Cross, an event in which a short-term moving average goes above a long-term moving average, formed on the litecoin chart on March 10. That does not explain why the litecoin price spiked so abruptly, though. All the Golden Cross indicated was an upside push.

As of now, the litecoin price is testing $93.79 as its interim resistance, while setting its upside target towards $102.917. If the pair fails to break above them and pulls back, then the pressure to support the uptrend would fall upon a support area defined by $62.89 and $68.98. They acted as strong resistance during the cryptocurrencys uptrend.

Disclosure: The author holds bitcoin cash and litecoin.

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Litecoin & Bitcoin Cash Fuel Staggering $33 Billion Crypto Rally

Today I am going to talk about the fork again and the free money is created from thin air!!

Mind you, this is not the fork which you use to eat noodles, but the fork/split of the most legendarycryptocurrency Bitcoin,and the freemoney created from thin air Bitcoin Cash (BCH).

If you dont understand what I am talking about, then I guess you have not read our guides on the Bitcoin fork and Bitcoin Cash (BCH):

For those you have just joined now (post-fork party), in a nutshell, this is what happened:

On

August 1, 2017

As of block 478559, the Bitcoin (BTC) network has hard forked intoBitcoin Cash (BCH)

This hard fork has now created Bitcoin Cash (BCH) which is worth $440 per unit (at the time of this writing) and is the third most valuable cryptocurrency according toCoinMarketCap.

Abracadabra!!Bitcoin Cash is worth $440, and it was just created out of thin air!

Isnt it amazing?

At least to me, it is!!

BCH is free for every Bitcoiner who had any amount of BTCs and were also holding their private keys under their custody prior to the fork.

Now, post-fork, such Bitcoiners can simply use those BTC private keys to claim their BCH in a BCH-supported wallet.

For example, if you had 1 BTC, then after the split/fork, you will now have both 1 BTC and 1 BCH; in other words,your coin holdings have doubled as both coins now have the same private keys.

Now, lets keep everything aside to quickly jump and seewho is supporting Bitcoin Cash, as I know many of you might be looking to grab or trade your free Bitcoin Cash coins.

Here are the wallets and exchanges supporting Bitcoin Cash (BCH). However, there are not many BCH wallets, as it is only a few days old! But for early birds, these are ample amounts of options.

1. Ledger Nano S (Hardware Wallet)

If you have a Ledger Nano S, then now you need not do anything to get ahold of your BCH after the fork. LedgerNano S/Blue, Nano, and HW.1 owners just need to update a few things here and there to access their BCH. Here is the official CoinSutra post on how to claim your free BCH from the Ledger Nano S. And here is the official blog post from Ledger further articulating the dos and donts.

Buy The Ledger Nano S Now

2. Trezor(Hardware Wallet)

Trezor has officially announced support for BCash (BCH). On August 1, they published this official step by step guide on how its users can claim BCH.

UPDATE: After some time, Trezor has taken down BCH support as is evident from their note on their blog which says:BCH wallet has been taken down from TREZOR Wallet, until further notice.

But stay tuned

Buy Trezor Now

3. Coinomi(Mobile Wallet)

This is a popular lightweight multi-coin HD wallet for Bitcoin and other altcoins. It allows you to control your private keys and supports a maximum number of cryptocurrencies right now in the market. They have officially released a blog post supporting BCH and how to access it. Here is the step by step blog post.

It is only available for Android as of now, but iOS support is also coming soon.

Download Coinomi

4. Electron Cash(Desktop & Mobile Wallet)

Electron Cash is the fork of the original Bitcoin wallet, Electrum. It allows you to back up your wallet via a mnemonic seed phrase, like a true HD wallet. It is a light wallet as it doesnt require you to download the full node of Bitcoin Cash. It is available for Windows, Mac, and Linux operating systems. It also has a version which supports Android mobiles, too.

Recommendation on how to redeem Bitcoin Cash: https://t.co/2eO4p6En7C

Electrum (@ElectrumWallet) July 31, 2017

Download Electron Cash Now

5. Jaxx (Mobile & Desktop Wallet)

Jaxx is another popular multi-currency HD wallet which allows you to control your private keys. They have announced prior to the fork that Jaxx users would not need to do anything to access their BCH coins. The Jaxx team has decided to work on the full integration of BCH on Jaxx apps, and when the integration is complete, its users will be able to access BCH coins with a simple software update.

However, they have clearly stated this:

SinceJaxx users are always in control of their private keys, corresponding Bitcoin Cash (BCH) will be safe in your Jaxx wallet. However, please know that you will not be able to access/send/receive your Bitcoin Cash (BCH)untiltheintegration takes place.

Here is the official Jaxx announcement with their dos and dontslist on BCH.

Download Jaxx Now

6. BTC.com (Web & Mobile Wallet)

BTC.com is a popular web and mobile Bitcoin wallet. If you would like to access a web wallet that wont compromise your private keys, then this is it. And according to this post, you will be able to access BCH.

Moreover, they have stated that:

If the fork is successful, you will automatically have the equivalent amount of BCH as the amount of Bitcoin stored in your BTC.com wallet.

See and explore their step by step guide on recovering BCH using their BCH recovery tool.

So far this tool works only in the web version, but it should soon be available for Android and iOS versions, too.

Download BTC.com Wallet Now | Sign up forBTC.com Wallet

7.BU Bitcoin Cash Client (Desktop Wallet)

Bitcoin Unlimiteds Bitcoin Cash 1.1.0.0 edition has been released, and it supports BCH.This release is being offered by the Bitcoin Unlimited Developers unofficially until the BU community has the opportunity to vote on whether Bitcoin Cash should be officially supported. It is available for Windows, Mac, and Linux operating systems. (Source:Bitcoin Unlimited)

Download BU Bitcoin Cash Now

8. Bitcoin Classic UAHF Client(Desktop Wallet)

Bitcoin Classic has also launched a desktop wallet called Bitcoin Classic 1.3.2, which is a BCH-compatible release. This will allow you to follow the Bitcoin Cash chain when its fully installed. It is alsoavailable for Windows, Mac, and Linux operating systems.(Source:Bitcoin Classic)

Download Bitcoin Classic Now

9. CashAddress (Paper Wallet)

Bitcoin Cashs paper wallet script is now available. For those users who are comfortable with paper, wallets can go here and make one for themselves. But in my opinion hardware wallets are superior to paper wallets.

If you need a reference guide to make a paper wallet then refer to this one. Note: though this guide is for making Bitcoin paper wallet the process is similar for making BCH paper wallet also.

Check out CashAddress

10. KeepKey (Hardware Wallet)

KeepKeys support for Bitcoin Cash is now available. See here their official guide of it.

For those of you who dont know KeepKey is a cryptocurrency hardware wallet but is quite bulky to carry. However, I am not against KeepKey as they are doing a decent job and supporting now more than 5 cryptocurrencies including BCH.

But I prefer to use Ledger Nano S and Trezor more for convenience and faster cryptocurrency integration.

Buy Keepkey now

Basically, there are all sorts of methods for claiming your BCH. In short, you will either need to export your BTC private keys on a BCH-supported wallet or you just need to do some sort of software update here and there depending upon the type of wallet you are using.

Word of Caution: Depending upon the kind of wallet you are using, you may require playing with your private keys. Hence, we advise you to do it cautiously by following the official announcements from your associated wallets.

Also, consider not to do large transactions using these BCH wallets as these are still the early days of Bitcoin Cash, so you should expect some hurdles and bugs in the BCH software.

Thats all from my side in this article. I will be updating this list of BCH wallets as more keep popping up, so keep an eye here!

And until that time, happy Bitcoin forking!

Do let me know in the comments section about which wallets you are using to access your BCH funds.

Like this post? Dont forget to share it with your network!

For further reading:

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Best Bitcoin Cash Wallets (BCH): Free Money For Every ...

Things appear to be far from well with Bitcoin Mining firm Bitmain as several reports indicate another round of employee layoffs at the firm. This news follows reports that the companys IPO is also dead in the water after rumors of Q3 losses running into over $700 million.

According to Blockstream CSO, Samson Mow, there are rumors swirling that the mining giant laid off its entire Copernicus team. Mow cited posts from Chinese LinkedIn published by company employees. The Copernicus team was responsible for developing the Bitcoin Cash GO client for Bitmain.

In another report, other messages indicate a far more extensive labor cutback, which could target up to half of Bitmains entire workforce. Earlier in the month, Bitcoinistreportedthat the company closed down its research division in Israel. More than 20 employees lost their jobs after the move.

Bitmain bet on Bitcoin Cash 00, a move that now appears to have backfired leading to severe losses for the company. Rumors of massive Q3 2018 losses are also castinghuge doubtsover the company financials and will likely stonewall its IPO plans.

The second half of 2018 has turned out to be a challenging one for the company. From the massive fall in BCH prices to the Bitcoin Cash hash wars, Bitmainsbitcoin mining industry monopoly could be in jeopardy.

Recently, US IT firm UnitedCorp sued Bitmain along with Kraken, Bitcoin.com, and Roger Ver for allegedly manipulating the BCH network.

Bitmain is only the latest in a series of mass layoffs in the cryptocurrency and blockchain technology industry. Earlier this month, Consensys fired 100 of its employees (about 10 percent of its entire staff strength) as Ethereum price 00 plummeted from an all-time high of $1,400 in January to as low as $83 in early December. Reports even indicate that the company isnt through with its downsizing.

Others like Steemit and Ethereum mobile dApp maker Status have also significantly reduced their workforce in the past months. For many of these startups, the reason for their downsizing is directly tied to the dramatic fall in cryptocurrency prices with many experiencing drop of over 90 percent.

Oddly enough, despite the increasing layoffs, the latest figures showthat talent is still very much in demand in the space. A recent Glassdoor survey found that job openings in the cryptocurrency industry are at an 18-month high.

What do you think the situation at Bitmain reveals about the state of similar companies in the cryptocurrency scene at the moment? Please share your thoughts with us in the comments below.

Image courtesy ofTwitter (@DoveyWan and @Excellion), Shutterstock

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Bitmain Fires Entire Bitcoin Cash Development Team: Report

The original Bitcoin Cash (BCH ABC) is having a gala day at the crypto market as it rises 40% and beyond.

The BCH/USD price on Thursday has extended its prevailing bullish bias to register new highs at 182 on Coinbase. On weekly basis, the pair has noted a 182% jump from its so-called bottom near 74, coupled with a relatively higher trading volume across all the leading crypto exchanges.

The BCH/USD downside meanwhile is capped by its 100-period moving average curve, coinciding with 104.27 at this moment. We could see price testing the said level as a part of a minor correction before it resumes the uptrend. The best rally target we could see from here is at 272, which was instrumental to a downtrend on Nov 21.

On the mining front, Bitcoin Cash hash rate has also dropped significantly in the past month. It used to be around an average of 5 Exahash per second (EH/s)but now has reduced to1 EH/s to 850 Petahash per second (PH/s) through this December. It has eventually made mining BCH more profitable than Bitcoin, a reason why the BCH market is leading the overall crypto surge as of now.

For a cryptocurrency that had generated a lot of negative buzz due to its chain upgrade, ultimately crashing harder than any other top crypto asset, Bitcoin Cash undergoing a strong rebound is a welcome change to the market. However, despite the strong bullish sentiments in the near-term, the coin has a lot of hurdles to establish a sustained upside bias.

To begin with, the entire market is still locked inside a long-term downtrend, which also includes Bitcoin Cash. Therefore, a meager jump after a heavy crash could also be a nominal correction, a flag or pennant formation, or a call of short traders to exit their positions. It does not guarantee a full-scale recovery not unless we see some levels broken in the medium-term, at least.

The RSI momentum indicator on the daily chart, for instance, has clearly recovered from its oversold conditions, to enter into overbought territory, but that can take Bitcoin Cash as far as, say, the 50-period moving average level. Bulls would need to do more than that to reinstate investors faith in Bitcoin Cash, as well as the rest of the market.

The latest uptrend is a small step towards an unlikely 100% recovery to anall-time high in the short-term and much of its responsibility is lying on the leading digital currency Bitcoin. For good or worse, Bitcoin is hopeful to pave way for the rest of the crypto market to be accepted for their characteristics in the mainstream. While Bitcoin Cash believes that is technologically better than bitcoin, it would also need to watch its adoption go high in the mainstream to be able to attract parallel investments both from retail and institutional investors.

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Bitcoin Cash is 41.7% Up, Will the Upside Momentum Sustain?

The history between Bitcoin and Bitcoin Cash is a contentious one, but were here to look at the advantages and disadvantages of each coin moving forward. Well examine the value proposition of each and their vastly different approaches to scaling. Well also dissect branding and levels of decentralization. Finally, well line up the competition and see where the coins are headed in the near future. Will one coin win out? Or can BTC and BCH exist in harmony in the competitive world of cryptocurrency?

Satoshis message embedded into the first Bitcoin block provides a clear motivation for the creation of a decentralized currency. The Times 03/Jan/2009 Chancellor on brink of second bailout for banks. After the 2008 banking collapse and subsequent bailout with taxpayer money, clearly, Satoshi was fed up with government and banking control of currency.

Satoshi embeds The Times headline into the genesis Bitcoin block.

Its deeply embedded into the cryptocurrency ethos that the mistakes of the greedy are not bailed out. Theres a reason Ethereum Classic exists.

Bitcoins main value proposition in current form is its decentralization, the ability to take monetary supply out of the hands of the governments and banks. With small, 1-megabyte block sizes and massive amounts of hashing power dedicated to securing the Bitcoin network, BTCs level of decentralization and attack resistance is number one amongst all cryptocurrencies. Its no coincidence that Bitcoin also consistently maintains the largest market cap. Obtaining the hardware required for a Bitcoin attack, assuming there was enough supply, would run you at least 7 billion dollars.

However, Satoshi did refer to Bitcoin as electronic cash. During the 2017 spike in Bitcoin popularity, it was clear that Bitcoin in its current form cannot function as cash. Transaction times were slow and expensive, often costing over 20 dollars to transfer money. Simply put, with the current codebase, the main Bitcoin blockchain does not scale. However, Bitcoin believers will gladly wait until there is a feasible second layer solution before ever sacrificing any amount of decentralization on the main blockchain.

Bitcoin Cash hard forked from Bitcoin to increase the block size from 1mb to 8mb, allowing for more transactions in each block. They believe their approach is more closely aligned with the true vision of Satoshi. It is worth noting that after Satoshi secretly implemented the 1mb cap on block sizes, he said: We can phase in a change later if we get closer to needing it. Satoshi predicated that with an increase in internet speed and a decrease in storage cost, the block size could eventually be increased without sacrificing decentralization.

With the combination of larger block sizes and lower demand on the Bitcoin Cash network, people can certainly send transactions more quickly and with significantly lower fees. However, if demand for Bitcoin Cash were to increase, it would eventually run into the exact same problems that Bitcoin had in 2017. To stay ahead of this problem, Bitcoin Cash has already increased block sizes from 8mb to 32mb. If Bitcoin Cash blocks consistently become full, the plan is to increase block sizes once again.

Bitcoin developers do not turn a blind eye to their scaling issue. Segwit was implemented to effectively double the block size. As of July 2018, about 40% of payments are with Segwit and the number continues to climb. The Bitcoin blockchain can now process at most 7 transactions per second, not nearly enough for a global economy. By comparison, Visa can process about 24,000 transactions per second. But Bitcoin users value decentralization above all.

Supporters of Bitcoin want as many people as possible to be able to download the full blockchain to help verify payments. With 1-megabyte blocks added roughly every 10 minutes, the blockchain is already over 200 gigabytes. If the blocks were made bigger, it would quickly become more difficult for people to store the full blockchain on their computer, leading to a loss of decentralization. The larger the blocks, the more bandwidth also required to send out and verify blocks.

The scaling solution currently being pursued involves building a second layer on top of the main blockchain, known as the Lightning Network. The Lightning Network, if properly scaled and implemented, would allow for nearly instant and free Bitcoin transactions. The transactions per second would also completely dwarf that of Visa. The Lightning Network is a work in progress, but growing in size every day. Another advantage of pursuing Lightning is that if it does not work, the main Bitcoin blockchain remains unaffected. And if the Lightning Network fails, there will still be people that hold their Bitcoin and simply wait for the next attempt at scaling.

Bitcoin Cash chose not to implement Segwit, a prerequisite for using the Lightning Network. Instead, they are all in on increasing block sizes to meet demand. When Bitcoin Cash moved to 8mb blocks, it could support 40-90 transactions per second. With Bitcoin Cash blocks now at 32mb, it can support even more.

With current levels of demand, Bitcoin Cash can settle most payments in about 10 minutes with a median fee close to a tenth of a cent. The median fee for Bitcoin is currently around 15 cents. Even with 32mb block sizes, the transaction speed falls far below the requirement for global demand. However, Bitcoin Unlimited developers are already testing the idea of 1gb blocks and there is research into the potential of 1tb blocks.

Its possible that one day technology will reach the point where these block sizes are not an issue. However, today is not that day. By adding 1gb to the blockchain every 10 minutes, the size would quickly grow beyond the storage capacity of most personal desktop computers. Only a small dedicated group with a massive amount of resources would be able to participate in the validation of the blockchain.With current levels of technology, increasing block sizes decreases decentralization in exchange for faster transactions. But with the main value of cryptocurrencies being the decentralization, is this a tradeoff worth making? Clearly, the markets do not think so at this time, with Bitcoins value fairly consistently 10 times that of Bitcoin Cash.

Of course, Bitcoin is far and away the most well-known name in cryptocurrency. The importance of brand namerecognition is invaluable. You dont see popular cryptocurrencies with a unique name all of a sudden change their brand to a common adjective used on a variety of products (sorry Nano fans). Numerous forks using the Bitcoin name are able to achieve large market caps by simply having Bitcoin in the name. This includes Bitcoin Gold, Bitcoin Diamond, Bitcoin Private, and BitcoinDark.

One of the most important aspects of the Bitcoin brand is Satoshi Nakamoto, the mysterious inventor of the cryptocurrency. The disappearance of Satoshi is one of the greatest gifts to Bitcoin. When creating a decentralized currency, a figurehead can potentially have too much influence. Charlie Lee, the inventor of Litecoin, wanting to avoid these potential conflict of interests, sold his Litecoin. Despite intending the move to be positive for the future of Litecoin, he is continuously lambasted by members of the community. So with Bitcoin truly having no figurehead, it only enhances the feeling of decentralization, as mentioned before, the main value of Bitcoin.

In juxtaposition to the mythical and mysterious Satoshi, we have the colorful and controversial leader of Bitcoin Cash, the Bitcoin Jesus, Roger Ver. His past shenanigans have been covered thoroughly so instead we will focus on his relentless and aggressive marketing for Bitcoin Cash.

Bitcoin Jesus Roger Ver

Its extremely likely that Rogers branding of Bitcoin Cash creates confusion for those new to cryptocurrency. For example, the Bitcoin Cash website, owned by Roger, is http://www.bitcoin.com. The Bitcoin Cash Twitter handle, also owned by Roger, is @Bitcoin. The Bitcoin Cash logo is the same as Bitcoins but tilted in a slightly different direction.

Here is Rogers definition of Bitcoin Cash on bitcoin.com:

In addition to Bitcoin Cash defined as the updated version, Roger refers to the original Bitcoin as Bitcoin Core, a name rarely used by any other website.

At one point Bitcoin.com even referred to BCH as Bitcoin and not Bitcoin Cash. Roger eventually changed the website due to the threat of a lawsuit.

So the question is, do people accidentally buy Bitcoin Cash when they meant to buy Bitcoin? Its not clear and anecdotes are not sufficient to answer the question, but it certainly seems possible if not probable. However, Rogers goals are clear. Roger wants Bitcoin to function as a usable currency with low fees. He also wants the world to see Bitcoin Cash as the true Bitcoin.

If both plans for scaling fail, you might continue to see the situation we have today. People trade for coins on less congested networks. In this scenario, its possible that BTC and BCH could continue to exist in harmony. When moving funds between exchanges, it is common for people to trade for Litecoin or Bitcoin Cash. Both coins have sufficient liquidity and can move funds quickly with low fees.

In the search for a decentralized, usable cryptocurrency, it certainly makes sense for both Bitcoin and Bitcoin Cash to exist. Theres no harm in exploring different pathways to an effective scaling of the networks. The race is on to see if the Lightning Network or larger blocks will scale. However, in the event that one coin scales before the other, its possible youd see the winner take all and the death of either BTC or BCH.

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Bitcoin Cash vs. Bitcoin | The Pros and Cons - CoinCentral

A lot of cryptocurrency enthusiasts are currently focused on the Bitcoin Cash hard fork. That is only normal, even though its impact on the entire crypto industry remains to be determined. As far as the hashrate is concerned, a somewhat uncertain picture is being created. Both chains seem neck-in-neck, although there are a few things unclear about Bitcoin SVs network.

The main aspect of this Bitcoin Cash hard fork is figuring out which will of the two versions will survive. Both Bitcoin ABC and Bitcoin SV have their own implementation of the network changes. Whereas the general consensus seems to sway in favor of ABC, the mining support appears to rest solely with Bitcoin SV.

Now that the split has effectively happened, things look a bit different. Bitcoin ABC has the most blocks mined since the split, although its lead over Bitcoin SV is at the time of writing two blocks. That seems a bit unusual, as Coin Dance initially projected BitcoinSV would have the vast majority of hashrate. It seems that is not necessarily the case.

One controversial development in this regard is how the Bitcoin.com mining pool is automatically switching all miners to Bitcoin ABC after the fork. This will remain in place for at least 24 hours, unless miners leave the pool on their own accord. have taken offense to, although the actual impact of this development remains relatively unclear.

Additionally, there is no official Bitcoin SV block explorer for the network. While COin Dance keeps tabs on newly minted blocks, there is no distinction of mining difficulty between the two chains. It seems unlikely anything changed for Bitcoin ABC in this regard. For Bitcoin SV, however, there may be a vast difficulty hurdle to overcome, depending on the current network statistics.

As such, there are plenty of unknown factors regarding the actual hash war which is taking place behind the scenes. Coin Dance appears to struggle with the number of blocks now and then, as some are either getting invalidated or simply removed from the list prior to reappearing. This may be a delay on the website itself rather than the network hitting a snag, but it also skews the picture a bit.

Keeping all of this in mind, it is evident there are still a lot of unknown aspects of this ongoing hash war. Without all of the information, it is incredibly difficult to determine how things are shaping up. So far, only three pools have mined SV blocks, as Coingeek, SVPool, and Mempool are all on board. For ABC, Antpool, BTC.com, and Bitcoin.com are the main contributors. It may take a few days to determine the actual outcome of these new consensus rules.

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Is Bitcoin ABC Really Winning the Bitcoin Cash "Hash War ...

With bitcoin cash mining its first forked block, the futures prices of SV and ABC are fluctuating wildly.

The BCHSV futures price jumped 10.7 percent against the US dollar, rising from $88.12 to $97.51 within just an hour before sinking below $90 after the fork. Meanwhile, the BCHABCfutures price rate saw a 9 percent decline, declining to $273.50, before rallying to a high of $341 after the fork activated. As both the derivatives are working in the absence of an actual market cap, the price fluctuations merely reflect which protocol traders support in near-term.

bitcoin cash futures price

The long-anticipated hard fork of the Bitcoin Cash blockchain has gone live already, with reports confirming that the first mined block comes from the BCHABC protocol, even though SV boasted a much larger hashrate in the days preceding the split.

BCH holders can expect to see wild fluctuations over the next 24 hours. Wright has threatened to begin a 51 percent attack on the Bitcoin ABC blockchain if his SV gains a majority of the hash-rate on the network. While ABC expects to draw hash power from Bitmains bitcoin hash pools, the overall ugliness of the situation could lead BCH to new lows and may even threaten the original bitcoins value for a while.

If Wright manages to get hold of the Bitcoin Cash network, then he may be harming SV more than anybody else. The SV chain wont be decentralized anymore due to his actions which could simply mean no users. A likelihood of investors moving away from every coin that is named after bitcoin is high in that case.

In the best case scenario, the two chains ABC and SV can coexist together without shedding blood. While BCH will still be affected by all the negatively, the probability of its recovery will be higher than usual.

Featured Image from Shutterstock

The post Bitcoin Cash: ABC Futures Cross $300 in Hard Fork Aftermath appeared first on CCN.

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Bitcoin Cash: ABC Futures Cross $300 in Hard Fork Aftermath

In this article, Im going to talk about the fork again. As a result, the free money is created from thin air!!

Mind you, this was not the fork which you use to eat noodles. This was the fork/split of the worlds first and the biggestcryptocurrencyBitcoin,and the freemoney created from thin air Bitcoin Cash (BCH).

You have missed a lot of buzz and news about Bitcoin Cash if you are new to this Bitcoin Fork scenario.

For those of you who have just joined now, in a nutshell, this is what happened:

As of block 478559, the Bitcoin (BTC) network has hard forked intoBitcoin Cash (BCH) on August 1, 2017.

This hard fork has created a new form of electronic cash for the Internet Bitcoin Cash (BCH). At the time of writing this article, BCH is worth $1610 per unit and is the third most valuable cryptocurrency according toCoinMarketCap.

Abracadabra!! Bitcoin Cash was just created out of thin air and is now worth $1610! It used to hit $1970 back in November and threatened the actual bitcoin to overtake it! (No, it didnt BCash fans just wanted it so bad)!

Isnt that amazing?

It is, at least to me!

You will be really surprised to know that BCH was free for anybody who had any amount of BTCs and were also holding their private keys under their custody prior to the fork.

In a post-fork period, in order to claim the free BCH, those Bitcoiners needed to use the same BTC private keys on a wallet that supports BCH.

For example, a bitcoin investor that holds 10 BTC should have been credited with 10 BCH after the execution of the hard fork; in other words,your coin holdings have doubledas both coins now have the same private keys.

Here are the exchanges and wallets supporting BCH. However, since BCH is newly born, there are not many BCH wallets. But for those of you who are early birds, there are ample amounts of options.

Important Note:You should make 2-3 Copies of the Seed Key and store it in a safe place, because if you lose the seed key, you will lose your currencies too.

Ledger Nano Sis currently thebest Hardware walletavailable. If you had BTC on your Ledger Nano S wallet while hard fork took place, then you didnt need to do anything to get ahold of your BCH. LedgerNano S/Blue, Nano, and HW.1 owners justneed to download BCH wallet on your Ledger wallet and send BCH to it. Its quite simple.

I would recommend Nano S for those people who wish to buy a wallet to store their BCH, because here you own the Private keys and your cryptocurrencies will be extremely safe.

Here is the officialblog postfrom Ledger on how to claim your free BCH from the Ledger Nano S.

Buy The Ledger Nano S Now

Trezor is one of the best Hardware wallets and on August 1, they publishedthis official step by step guideon how its users can claim BCH.

UPDATE:As per the recent update, Trezor is currently not supporting BCH, as is evident from their note on their blog that says:BCH wallet has been taken down from TREZOR Wallet, until further notice.

But stay tuned because we will soon update here, whenever Trezor starts supporting BCH.

Buy Trezor Now

Atomic Wallet is a new multi-asset custody-free solution for secure storage and management of BTC, ETH, BCH, XRP, LTC and over 300 other coins and tokens. The crypto assets and features are regularly updated. Private keys are securely encrypted on a users device, so one has full control over their funds.The desktop app is available for Windows, MacOS, Ubuntu, Debian and Fedora. Private alpha versions of Android and IOS mobile apps will be released in October, 2018.

Atomic Wallet is a secure all-in-one, non-custodial cryptocurrency storage with a smooth and comprehensive interface. The wallet supports Atomic Swaps, a cutting-edge feature that helps users significantly save on fees. Atomic wallet also enables users to buy cryptocurrency with USD and EUR and exchange their assets at the best rates via Changelly or ShapeShift.

Coinomi is a popular lightweight multi-coin HD wallet that allows you tostore Bitcoinand various altcoins. This wallet supports a maximum number of cryptocurrencies right now in the market.

Coinomi is a Hierarchical Deterministic Wallet, which means that it allows you to control your private keys. It will give you a 15-word seed phrase while signing up. You will need this phrase in case your restore your wallet.

Currently, you can use Coinomi onAndroid Platformonly, but iOS support is also coming soon.

Moreover, they have officially released a step by stepblog postsupporting BCH and how to access it.

Download Coinomi

You must have heard about Jaxx Wallet if you have been dealing with Bitcoins. This is another popular multi-currency HD wallet which allows you to control your private keys, hence you digital currencies are always safe. This wallet is available onMobile as well as Desktop.

Prior to the fork, Jaxx team announced that their users would not need to do anything to access their BCH coins. The Jaxx team has decided to work on the full integration of BCH on Jaxx apps, and its users will be able to access BCH coins with a simple software update once the integration is complete.

However, the Jaxx team has clearly stated this:

Jaxx users are always in control of their private keys, which means that corresponding Bitcoin Cash (BCH) will be safe in your Jaxx wallet.However, you will not be able to access/send/receive your Bitcoin Cash (BCH)untiltheintegration is complete.

If you want to know more about storing your BCH, make sure to go throughofficial Jaxx announcement.

Download Jaxx Now

Electrum is a great wallet tostore Litecoin, and you must have heard about it. Electron Cash is the forked wallet of Electrum, and it allows you to back up your wallet via a mnemonic seed phrase, like a true HD wallet.

Electron Cash is a light wallet because it doesnt require you to download the full node of Bitcoin Cash (BCH).

You can download Electron Cash on Desktop (Windows, Mac, and Linux), and it also has a version that supports Android mobiles, too.

Download Electron Cash NoBU Bitcoin Cash Client(Desktop Wallet)

Bitcoin Unlimiteds Bitcoin Cash 1.1.0.0 edition has been released, and this release is being offered by theBitcoin Unlimited Developersunofficially until the BU community has the opportunity to vote on whether Bitcoin Cash should be officially supported. This desktop wallet supports BCH, and is available for Windows, Linux, and Mac operating systems.

(Source:Bitcoin Unlimited)

Download BU Bitcoin Cash Now

Rahakott is a cryptocurrency wallet that allows anyone to send or receive digital currencies and to monitor their balance.You can use the wallet to monitor your balance online from anywhere.

There is no need to log in to Rahakott with your e-mail address, telephone number or an username: you simply enter a mnemonic phrase.

The system is also secured by two-factor authentication. You can also use Rahakott to create multiple wallets from a single account for example, if you want to create sub-accounts for specific business relationships.

Rahakott wallets are also algoristic, according to a study by NewsBTC. com, which means that for each transaction new addresses are generated to increase the anonymity of users.

The Rahakott Wallet was introduced on November 12th.

Btc.comis a popular websitethat has a great reputation because it has been operating since 2015 and is backed by Bitmain. It provides highly secure Mobile and Web Wallet.

BTC.com is a perfect wallet for those who would like to access a web wallet that wont compromise their private keys. You will be also able to access BCH (according tothis post).

Currently, BCC/BCH tool is working perfectly on their web wallet, and it should soon be available for Android and iOS versions, too.

Check theirstep by step guide on recovering BCHusing their BCH recovery tool.

Download BTC.com Wallet Now|Sign up forBTC.com Wallet

KeepKey is a cryptocurrency hardware wallet and its support for Bitcoin Cash is now available. Checkherefor their official guide of it and here for our review of KeepKey. You might also want to check how good is KeepKey in comparison to Ledger Nano S and Trezor.

For those of you who dont know KeepKey is quite bulky to carry, but that doesnt mean that I am against KeepKey. They are doing a decent job and supporting more than 5 cryptocurrencies including BCH, but I prefer to use Trezor and Ledger Nano S more for convenience and faster cryptocurrency integration.

Buy KeepKey now

Bitcoin Cashs paper wallet script is available now. In my opinion, hardware wallets are superior to paper wallets, but for those people who are comfortable with paper, wallets can go here and make one for themselves.

Check out CashAddress

Bitcoin Classic has launched a desktop wallet called Bitcoin Classic 1.3.2. This wallet is a BCH-compatible release, which will allow you to follow the Bitcoin Cash chain when its fully installed.

You can download it on your Linux, Windows, and Mac operating systems.

(Source:Bitcoin Classic)

Download Bitcoin Classic Now

My Thoughts on Accessing Bitcoin Cash

There were all sorts of methods for claiming Bitcoin Cash.

If you already have some BCH on the above-given wallets, you would either need to export BTC private keys or you just need to do some sort of software update here and there depending upon the type of wallet you are using.

Important Note:Depending upon the kind of wallet you are using, you may require playing with your private keys, but we advise you todo it cautiouslyby following the official announcements from your associated wallets.

Also, consider not to do large transactions using these BCH wallets as these are new and the technology is still in improvement phase.

Thats all from my side. I will keep this article aboutTop 10Best Bitcoin Cash Walletsupdated with all the new wallets that will be introduced in the near future, so keep an eye here!

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner.The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

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Top 11 Best Bitcoin Cash Wallets (BCH) to Store Bitcoin Cash ...

About

Bitcoin Cash is a hard fork of Bitcoin with a protocol upgrade to fix on-chain capacity. Bitcoin Cash intends to be a Bitcoin without Segregated Witness (SegWit) as soft fork, where upgrades of the protocol are done mainly through hard forks and without changing the original economic rules of the Bitcoin.

Bitcoin Cash (BCH) is released on 1st August 2017 as an upgraded version of the original Bitcoin Core software. The main upgrade is the increase in the block size limit from 1MB to 8MB. This effectively allows miners on the BCH chain to process up to 8 times more payments per second in comparison to Bitcoin. This makes for faster, cheaper transactions and a much smoother user experience.

Why was Bitcoin Cash Created?

The main objective of Bitcoin Cash is to to bring back the essential qualities of money inherent in the original Bitcoin software. Over the years, these qualities were filtered out of Bitcoin Core and progress was stifled by various people, organizations, and companies involved in Bitcoin protocol development. The result is that Bitcoin Core is currently unusable as money due to increasingly high fees per transactions and transfer times taking hours to complete. This is all because of the 1MB limitation of Bitcoin Cores block size, causing it unable to accommodate to large number of transactions.

Essentially Bitcoin Cash is a community-activated upgrade (otherwise known as a hard fork) of Bitcoin that increased the block size to 8MB, solving the scaling issues that plague Bitcoin Core today.

Nov 16th 2018: A hashwar resulted in a split between Bitcoin SV and Bitcoin ABC

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Bitcoin Cash (BCH) Price, Chart, Info | CoinGecko

Bitcoin Cash (BCH) average hashrate over the past week has fallen below 8 percent of Bitcoins (BTC), while Blockstream compares the altcoin to a five-year-old Litecoin hard fork.

In comments on Twitter today, Blockstream VP solutions lead Warren Togami sounded the alarm over BCH warning its low average hashrate placed investors at risk of double spend attacks from malicious parties.

According to Togami, there currently exists a real risk of double spending, which would have a paralyzing effect on exchanges and buckle BCHs already low liquidity.

Togami had previously issued admonitory words on the altcoin in May, when hashrate circled 12 percent of Bitcoin and exchanges were crediting BCH transactions after just one network confirmation, a move he described as terribly dangerous.

Now, the state of the BCH network is reminiscent of Feathercoin a project which forked off from Litecoin in April 2013, only to lie dormant for several years afterward.

Launching with a price just under $0.50 per token, after a 51 percent attack in June the same year, FTC collapsed, becoming worth less than one cent for the next three years.

For Togami, the parallels with BCH are clear.

FTC forked from LTC, competed for scrypt hashes, he continued, adding that like BCH, FTC had an incompetent developer.

The difficulty volatility BCH has also grappled with marks a further similarity, along with the forks increased centralization relative to its genesis. A double spend attack, Togami considers, could be next.

Well-known figures at Blockstream have often taken an active stance in rebuking Bitcoin Cash developers and proponents for their claims of superiority over Bitcoin itself.

As Bitcoinist reported, CTO Samson Mow took US exchange Coinbase to task in July when it emerged an internal investigation into insider trading of BCH had found no evidence of wrongdoing.

What do you think about Warren Togamis appraisal of Bitcoin Cash? Let us know in the comments below!

Images courtesy of Shutterstock, Twitter.

Originally posted here:

'Real Risk': Blockstream Exec Warns Over Bitcoin Cash 51 ...

The best that Bitcoin can be.

On August 1st 2017, We the People will breathe new life into Bitcoin.

A group of miners, developers, investors, and bitcoin users will upgrade the Bitcoin protocol as specified by theUser Activated Hard Fork (UAHF).

Those who do not want to follow our lead are free to use whichever chain they like. Miners implementing the UAHF will safely split away, creating a new version of Bitcoin called Bitcoin Cash.

All current Bitcoin holders will automatically own Bitcoin Cash. The existing ledger at the time of the split is preserved, thus users retain any balances they had before the split.Bitcoin Cash brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development.

These ideals can be achieved, but it depends on you to succeed. We need the support of miners, investors, and users like you. Join us to help achieve Satoshis original vision of Bitcoin as Peer-to-Peer Electronic Cash.

Excerpt from:

Bitcoin Cash | The best Bitcoin can be.

Bitcoin Cash (BCC)/BCH is a hard forked version of the original Bitcoin. It is similar to bitcoin with regards to its protocol; Proof of Work SHA-256 hashing, 21,000,000 supply, same block times and reward system. However, two main differences are the block size limits, as of August 2017 Bitcoin has a 1MB block size limit whereas (BCC)/BCH proposes 8MB blocks. Also, (BCC)/BCH will adjust the difficulty every 6 blocks as opposed to 2016 blocks as with Bitcoin.Bitcoin Cash is a proposal from the via BTC mining pool and the Bitmain mining group to carry out a UAHF (User Activated Hard Fork) on August 1st 12:20 pm UTC. They rejected the agreed consensus (aka BIP-91 or SegWit2x) and have decided to fork the original Bitcoin blockchain and create this new version called Bitcoin Cash. Bitcoin Cash can be claimed by BTC owners who have their private keys or store their Bitcoins on a service that will split (BCC)/BCH for the customer.

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Bitcoin Cash (BCC) price, rating, news, and analysis ...

Bitcoin Cash (BCH) Website:

https://www.bitcoincash.org/

Bitcoin Discussion

/r/BitcoinCash is for discussion focused on Bitcoin Cash (BCH) news, information, and development! For general Bitcoin discussion please continue to use /r/btc.

What is Bitcoin Cash?

Bitcoin Cash brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development.

All Bitcoin holders as of block 478558 are now owners of Bitcoin Cash. All Bitcoiners are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world. The ticker symbol for Bitcoin Cash is "BCH", but is sometimes referred to as "BCC" on some exchanges/wallets. Please do not confuse "BitConnect" (which also uses the ticker symbol "BCC") with Bitcoin Cash.

Development:

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Bitcoin Cash: Peer-to-Peer Electronic Cash (BCH) - reddit

Rapidly-expanding fintech unicorn Robinhood has added bitcoin cash and litecoin to the growing stable of cryptocurrencies that users can trade on the popular stock trading app.

The commission-free stock trading app on Thursday announced that it had onboarded its five millionth user, marking yet another milestone for the firm which achieved a $5.6 billion valuation in May at the conclusion of its $363 million Series D funding round.

In tandem with this milestone, Robinhood added full support for bitcoin cash and litecoin to its nascent cryptocurrency trading service, which is currently available in 17 U.S. states and heretofore facilitated bitcoin and ethereum trading.

Perhaps even more significantly, the firm also announced that it plans to add support for coin transfers, likely confirming reports that the company is building an in-app cryptocurrency wallet. At present, users can buy and sell cryptocurrencies on the brokerage platform but cannot deposit, withdraw, or transfer them.

Users both inside and outside of markets where Robinhood Crypto is currently available can continue to add 16 cryptocurrencies to their portfolio watchlist, and the firm has said that it plans to continue to expand the list of cryptoassets available for trading.

Armed with its hundreds of millions of dollars in funding as well as its successful equities trading platform the company has said that it doesnt intend to turn a profit on cryptocurrency trading anytime soon. Rather, it will continue to operate the service as a break-even venture designed to build its market share and help it become the worlds largest crypto platform.

As CCN reported, Robinhood is also said to have approached federal regulators about acquiring the licenses necessary to operate as a chartered national bank, which would allow it to offer traditional banking services to its customers and also exempt it from the patchwork of state-level regulations governing money transmitter businesses. Its not clear how far these discussions have progressed, but other fintech startups including Square have thus far been unsuccessful in their attempts to secure national banking charters.

Header Image from Robinhood

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Robinhood Adds Bitcoin Cash & Litecoin Trading, Will ...