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Kucoin Delists Various Trading Pairs Linked to Bitcoin Cash

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KUCOIN’S BITCOIN CASH DECISION

Kucoin will continue to support Bitcoin Cash for quite some time to come. This popular altcoin generates a lot of trading volume and is quite popular among exchange users in general. So much even that Kucoin has opened various alternative trading markets linked to BCH, including some for smaller altcoins.

Unfortunately, it appears that decision has not worked out exactly as planned. The company has now made it clear they will remove all of these BCH trading pairs in the near future, mainly because they simply don’t generate sufficient trading volume. This decision doesn’t just apply to Bitcoin Cash markets, mind you. DENT has lost quite a few trading pairs on the exchange, as have KCS, FOTA, and NEO. It seems offering dozens of markets will only go well for so long, as there can never be sufficient liquidity to keep all of these markets going. It is the way things go in the cryptocurrency industry, as there is no real need for too many trading markets.

For Bitcoin Cash supporters, very little will change in the end. Although they can no longer exchange BCH for a few small altcoins and assets, the main trading pairs will remain active for the foreseeable future. It is evident Kucoin had high hopes for these BCH trading markets, but it seems the altcoin is not popular enough – on this platform, anyway – to warrant being a “reserve currency” for other trading pairs right now.

 Whether or not this will lead to any specific developments in the Bitcoin Cashindustry remains to be seen. As it doesn’t affect the overall Bitcoin Cash price or value whatsoever, it remains to be seen if this decision by KuCoin was the right one. Although we commend the company for getting rid of obsolete markets, some users may not necessarily be happy with this development.

All of this raises the question as to which currency can rival Bitcoin in terms of being a reserve currency for altcoin and digital token trading. As of right now, it seems Bitcoin Cash may not fit the bill.

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Bitcoin Cash (BCH/USD) forecast and analysis on September 25, 2018

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 489.00. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Bitcoin Cash. At the moment, the quotes of the cryptocurrency are moving near the middle border of the Bollinger Bands indicator bars. A test of the level of 470.00 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with a target near the level of 550.30.

Bitcoin Cash (BCH/USD) forecast and analysis on September 25, 2018

Bitcoin Cash (BCH/USD) forecast and analysis on September 25, 2018

The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 460.00. The abolition of the option of continuing Bitcoin Cash growth will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of ​​400.00, indicating a change in the bearish trend for BCH/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.

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nChain’s Craig Wright speaks about Bitcoin Cash [BCH] and trade

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Dr. Craig Wright, the Chief Scientist of nChain, popularly known as Faketoshi spoke about the use-case of Bitcoin Cash [BCH] in Africa and how it can improve the economic status of the country, during a conversation with CoinGeek.

Craig was questioned on how Bitcoin Cash [BCH] and the blockchain technology matter in terms of trade for Africa. To which, he said that Bitcoin Cash enables a payment system and this according to him, is going to open up the markets and the ability to trade on a global platform and not just on the regional platform.

He continued to say:

“A global money becomes trusted because you know it is  liquid everywhere but we can do things like enabling people to invest here in maybe even coffee plantations, maybe other forms of agriculture, maybe be growing plantains that not get sold locally but becomes sold everywhere.”

He further added that through this people can earn more money and buy more goods and service. He said that people can also educate their children and develop a brilliant future for Africa.

Furthermore, Craig was asked about his perspective on having a specific token or a cryptocurrency for Africa in order to expand its trade. The Chief Scientist said that fiat can be paired with anything including Bitcoin Cash. However, he thinks that the real problem is creating a currency which can be globally distributed. He said:

“We don’t want to globalize. This is the whole pint of specialization. What are you building here and there are some new industries starting to pop up and that is what they need to focus on whether it is developing new technology.

Craig further added:

“whether it is having the agriculture in a way that consulting the world whatever else but to do that, you are not looking at selling between Africans. You want to sell Europe, you want to sell to Asia, you want to sell to America. “

According to him, a currency “actually” becomes powerful when it is accepted on a global platform. He concluded by stating that Bitcoin Cash will enable achieving that global economy

Source: ambcrypto

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MicroBitcoin Blockchain Community and Korea Association of Care Workers (KACW) Partner to Expand for Users

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MicroBitcoin Signs An Exclusive Contract With The Korea Association Of Care Workers (KACW) To Expand Its Usability To 1.5M Users

The MicroBitcoin Open Source Community has announced that it has signed a contract with Korea Association of Care Workers (KACW) to adapt the MicroBitcoin blockchain networkprotocol.

The contract entails 1.5 million care workers who are certified to download and use the MicroBitcoin Wallet and make payments using MicroBitcoin which will be available via their care portal that handles all long-term care with about 6,000 sanatoriums.

Furthermore, fees for agents and store purchases from the KACW portal will be payable in MicroBitcoin.

The trilateral contract was made between the MicroBitcoin Open Source Community, the Korea Association of Care Workers, and a technology consultant – Bluequotient.

In the KACW ecosystem, MicroBitcoin will be available to their 1.5million certified care workers, 25,000 care portals, around 12,000 sanatoriums, Smart New Media Press Association, Korean Beauty Federation Association, Professional Economic Person Societies, Korea internet newspaper broadcasting association, Korea Care News and more.

As a step towards MicroBitcoin’s use in the real economy, it’s expected to be a use case that improves the rights and interests of Korean care workers and services which will run transparently by adapting blockchain technology for the welfare of the aged population in Korea, which is becoming an aging society, said MicroBitcoin Open Source Community.

MicroBitcoin is a Bitcoin hard fork cryptocurrency and has recently been listed on an international cryptocurrency exchange, ‘BitOnBay’, ranked in 40th with worldwide exchange volume for the first time on September 20, 2018.

Source:bitcoinexchangeguide

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