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Saturday, 23 June 17:08 (GMT -05:00)



Foreign exchange market

New Bitcoin Cash Instantly Enters TOP3 Cryptocurrencies in Terms of Market Cap


For those of you who don’t know, the world’s first and most popular cryptocurrency Bitcoin split in half on August 1st, 2017. Now, there are 2 versions of it – Bitcoin and Bitcoin Cash. As for, Bitcoin Cash, it instantly became among the leading cryptocurrencies in among market capitalization.
 

 

 

 

Over the last couple of months, the international community has been discussing the ways to accelerate Bitcoin transactions. The thing is that along with getting more expensive, the system slowed down. There has been no consensus between the developers so far. That’s why some of them decided to quit and start Bitcoin Cash. This is how the world’ most popular and expensive cryptocurrency was split in half.
 
What was the reason for the conflict? Back in may 2017, Bitcoin users complained that their transactions took days to be confirmed. The thing is that the speed of adding bitcoins to the block chain is one BTC per 10 minutes.  This limit was introduced in order to prevent DDoS attacks. However, as Bitcoin got more popular and liquid, this limitation turned into a major drawback for Bitcoin users.
 
The community offered 2 solutions – either canceling the 1Mb limit or letting some of data be stored outside of the block chain. The first scenario (Bitcoin Unlimited) was supported mostly by Bitcoin miners. However, the developers warned that this would require scaling up the capacities to process the increasing amount of transactions fast. This is not beneficial for small-scale miners and may result in monopolization, which contradicts the very essence of cryptocurrencies as a decentralized means of payment.  
 
As for the advocates of storing some data outside of the block chain in standalone files (this is known as Segregated Witness, or SegWit for short), they promised to reduce the load and increase the speed of processing transactions.
 

 

As the results of those talks, the advocates of Bitcoin Unlimited and SegWit compromised and created something called SegWit2x (2Mb limit with storing some data outside of the block chain). This solution is now supported by 95% of Bitcoin miners, but a group of insiders started Bitcoin Cash. The limit is 8Mb, which is basically its only difference as compared to Bitcoin.

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Most experts are now skeptical about the future of Bitcoin Cash. However, it is going to make rival to the classic version of Bitcoin. And this is happening now. After the split, Bitcoin saw a minor drawdown. At the same time, Bitcoin cash managed to gain enter the TOP3 digital currencies in terms of market capitalization with almost 8 billion dollars, which means the international community has been getting increasingly interested in Bitcoin Cash ever since it was launched on August 1st, 2017.

 

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UK to Start Litcoin Futures Trading

Starting from tomorrow, international investors will be limited only to buying Bitcoin futures. The thing is, on June 22nd, a UK-based crypto futures platform named Crypto Facilities launches Litecoin futures.
 
Publication date: 21 June 01:06 PM

Will Bitcoin Dive Below $6000?

Publication date: 19 June 12:42 PM

Today’s Bitcoin Rate Signals Growing Risks in Banking Sector

Yesterday, the BTC exchange rate suddenly started growing, probably as a part of a recovery move against the existing downtrend. According to CoinMarketCap, the current BTC exchange rate is somewhere above 7500 USD/BTC. Over the last 24 hours, the world’s first cryptocurrency has gained some 5%, trying to recover from May’s downtrend (in case you don’t know, the coin has lost 20% since early May before starting to recover yesterday).

Publication date: 31 May 08:33 AM

Bitcoin Goes Down Before Another Rally?

The BTC exchange rate keeps on going down while being driven by a number of factors and circumstances. International experts say that the price of the world’s first and most popular cryptocurrency is currently going down just to gain some momentum later and skyrocket to new highs.

Publication date: 29 May 11:19 AM

Masterforex-V Analysts name Successful ICOs in May 2018

For those of you who don’t know, an Initial Coin Offering (ICO) is all about raising funds. To be more specific, startups sell their underlying crypto tokens in exchange for existing crypto currencies, mostly Bitcoin, Ethereum and other altcoins out there. This resembles an IPO in the stock market where investors buy a newly offered stock.

Publication date: 23 May 12:14 PM

Bitcoin Will Hit $20K, CoinShares Says

Bitcoin is really capable of getting back to the all-time high at $20K per coin. This is what founder of Coinshares Danny Masters thinks on the matter. He is not a rookie in this business. His company has been creating investment products for the cryptocurrency market and conducting blockchain-related research for years. Mr. Masters believes in the future of Bitcoin and altcoins. However, he thinks the market is yet to pass a few development stages. 

Publication date: 20 May 08:38 AM

German Stock Exchange Börse Stuttgart Welcomes Cryptocurrencies

Soon enough, maybe this fall, German stock exchange Börse Stuttgart is going to start working with cryptocurrencies. For that purpose, the exchange is expected to use its branch. Trading cryptocurrencies will be implemented through the Bison app. The expected trading turnover is around 100 billion dollars.

Publication date: 17 May 12:00 PM

Bitcoin Goes Down, Getting Closer to 8000 USD/BTC

Earlier today, the world’s first and most expensive crypto currency was going down while continuing the downtrend seen a day before. According to CoinMarketCap, the BTC exchange rate dropped below 8300USD/BTC, though it recovered a bit later on. Over the last 24 hours, the currency lost more than 5% of its dollar value. 

Publication date: 16 May 11:51 AM

Bitcoin Rallies Despite Criticism from Buffet and Gates

This trading week, Bitcoin is unlikely to conquer another major threshold located at 10000 USD/BTC. The thing is that some Bitcoin investors were cooled down by the statements made by investment guru and billionaire Warren Buffett, founder of Berkshire Hathaway, as well as by Bill Gates, founder of Microsoft and one of the richest people on the planet.

Publication date: 10 May 09:05 AM

Will Bitcoin Rate Exceed $10K This Week?

This week, the BTC exchange rate may well break above 10000 USD/BTC, most of the experts interviewed by PRIME think.

Publication date: 09 May 12:51 PM