Since the first exchanges (Bitfinex and Bittrex) have enabled Bitcoin Cash deposits, people are dumping their 'free BCH' and buying up BTC.
If more exchanges enable deposits of Bitcoin Cash in the coming days, there will be more BCH coins available on the open market. Hence, I expect more selling pressure on Bitcoin Cash in the coming days, while BTC and other cryptocurrencies may benefit from this free money. We'll see...
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Latest Crypto News - August 04, 2017
Bitcoin Cash Price Keeps Dropping as Bittrex Deposits and Bitfinex Margin Trading Opens
Supporters of Bitcoin Cash will not be too pleased with the way things are going right now. The Bitcoin Cash price took a big hit yesterday and it looks like things are only worsening over time. At the time of writing, one BHC was worth US$285, which is well down from the all-time high of US$756. More exchanges enabled deposits, allowing Bitcoin users to dump their “free coins” accordingly.
Read more: themerkle.com
Bitcoin Exchange ShapeShift Helps Police As WannaCry Attacker Converts To Monero
ShapeShift is cooperating with police after it emerged that the WannaCry attackers used it to convert Bitcoin to Monero.
Read more: cointelegraph.com
Other sources:
- WannaCry-Linked Bitcoin Wallets Have Been Emptied, Analysts Say (Bloomberg)
- WannaCry Hackers Move $140,000 From Bitcoin Wallets, Marcus Hutchins Arrested (Cointelegraph)
Dash Employs White Hat Hackers To Hack Its Own Blockchain
Dash has employed a team of white hat hackers to hack its Blockchain and expose vulnerabilities deliberately.
Read more: cointelegraph.com
Bitcoin Exchange BTC-e: We Have Access To Wallets, Data, Mayzus Handled Fiat
Bitcoin exchange BTC-e has said it has regained access to its data centers while confirming its “main fiat flows” were still under the control of law enforcement.
Read more: cointelegraph.com
Other sources:
Bitcoin Cash Price Poised to Plummet Once Network Stabilizes
Two days after the chain split that resulted in the launch of Bitcoin Cash, the fledgling coin is quite an unusual position. The Bitcoin Cash network is almost non-functional due to extremely slow block times, inherited as a result of Bitcoin’s mining difficulty at the time of the fork. The token itself is quite valuable—trading for over $400—but only for a small fraction of the people who own them.
Read more: cointelegraph.com
Coinbase Reverses - Plans to Allow Bitcoin Cash Withdrawals in January 2018
Bitcoin exchange Coinbase has reversed its decision to support bitcoin cash. The company now plans to allow customers to withdraw their new cryptocurrency by January 1, 2018.
Read more: bitcoin.com
Other sources:
- Coinbase: Update on Bitcoin Cash (blog.coinbase.com)
- Coinbase Promises to Add Support for Bitcoin Cash (The Merkle)
Grandpa Had a Pension. This Generation Has Cryptocurrency.
After years as a niche market for technologically sophisticated anarchists and libertarians, digital coins may be on the verge of going mainstream.
Read more: The New York Times
$1.6 Billion: All-Time ICO Funding Climbs as Record $500 Million Invested in July
Blockchain projects have raised a total of $1.67 billion via initial coin offerings (ICOs) so far – a figure that was bolstered by a record-breaking month of July, according to data from the CoinDesk ICO Tracker.
Read more: coindesk.com
Someone mining Bitcoin Cash seems upset ...
