Connect with us

Bitcoin

Bitcoin Cash Price Drops Further and may be Overtaken by Bitcoin SV Soon

Published

on

As the cryptocurrency industry continues to struggle for any sort of traction, it is quickly becoming apparent there may be some permanent casualties when everything is said and done. There has been no sign of improvement for Bitcoin Cash, as its price continues to drift lower virtually every single day. The next battle ahead will see the Bitcoin Cash price retain $125 or fall below it in the coming hours.

Bitcoin Cash Price Struggles Intensify Further

Although Bitcoin Cash successfully celebrated its first birthday this year, things have never looked the same ever since. This altcoin is just another victim of the ongoing bear market, although its losses continue to pile up without improvement in sight. The most recent network protocol upgrade didn’t help matters much either, as the value per BCH keeps drifting lower. After losing support at $200, $175 and $150, it now seems $125 will be the next hurdle.

In the past 24 hours, the Bitcoin Cash price lost another 10% in both USD and BTC value alike. That is never a positive sign by any means, yet it also goes to show this currency is currently struggling far more than others. Bitcoin is already regaining some lost value, and the top altcoins are following. BCH is for some reason not doing that, and risks being overtaken by Bitcoin SV in the coming weeks.

There is still some positive momentum regarding Bitcoin Cash, although it is not necessarily the news people are actively looking for. More specifically, the tweet below shows another artist is accepting Bitcoin Cash donations, although it remains to be seen how long this situation will remain in place. These small use cases show there is some merit to BCH, but it is not necessarily checking the right boxes right now.

The overall sentiment toward Bitcoin Cash is also shifting in a significant manner. As Bitcoin SV claims more and more hashrate – depending on the overall peaks and lows noted by Coin Dance – it is slowly becoming more apparent how BCH is struggling. Although there is still a long way to go until the project is considered a failure, it is evident this current trend may very well accelerate unless something major happens in the coming days and weeks.

ames Leopold, for example, is trying to drive a point home in this regard. He is confident the Bitcoin Cash price will hit an all-time low in BTC value fairly soon, and lose another rank in the market cap standings. There is also the “threat” of Bitmain going all-in on BCH and coming out less than victorious right now. A lot of aspects regarding this altcoin have yet to fall into place, but it is not looking overly promising right now.

Although the current negative market sentiment isn’t unique to Bitcoin Cash by any means, it is the only “top” altcoin to struggle this badly. That in itself is a telling sign, as its overall trading volume is also on the decline right now. Most of the volume is made up of people selling BCH, rather than buying, which seems to indicate more price pressure will materialize soon.

Advertisement

Bitcoin

On.Live Is Pleased to Announce That ONL Token Holders Can Now Use Bitgo’s Industry-Leading Wallet and Custodial Offerings

Published

on

BitGo is the market leader in digital asset financial services providing security, compliance, custodial, liquidity solutions for institutional investors. BitGo is the world’s largest processor of on-chain bitcoin transactions, processing 15% of global Bitcoin transactions and $15 billion per month across all cryptocurrencies.

In 2018, BitGo introduced BitGo Custody and launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. BitGo Business Wallets and BitGo Custody are used by hundreds of clients around the world including the largest cryptocurrency exchanges.

Since its inception in 2013, BitGo has been focused on the institutional market and that makes working together a natural fit, as we want to extend the accessibility of ONL tokens for institutional and enterprise clients.

On.Live is a distributed live video broadcast network project, build to fill the niche in payed live and on demand services delivery in the Internet. The platform offers one of the kind, innovative, no subscription business model, beneficial for all parties involved in On.Live marketplace.

With live streaming on the rise, and lack of other comparably flexible solutions on the market, On.Live is natural choice for access and delivery of live streamed services for individuals, small and big businesses. On.Live is aiming at becoming market leader and platform of choice for everyone who realizes the huge potential in live streaming, and what profits it may bring in his own economic activities.

We believe that BitGo’s support will elevate On.Live’s business potential, contribute to growth of the platform itself and positively affect the security of ONL.

Source:nulltx

Continue Reading

Bitcoin

10,000 Retail Shops in France Will Sell Bitcoin, XRP, Ethereum, Litecoin and Dash, Powered by Payments Giant Ingenico: Report

Published

on

Bitcoin, XRP, Ethereum, Litecoin and Dash are reportedly expanding to 10,000 points of sale throughout France.

Digycode first rolled out its crypto coupons last year. The startup says it’s now expanding to over 10,000 shops through a collaboration with Paris-based payments giant Ingenico, according to local news outlet Cryptonaute. The leading payments firm reported $2.8 billion in revenue in 2017.

“‘The deployment of Digycode is the result of a partnership between Digital Service and Ingenico, and tobacconists equipped with a Devlyx cash registerare, therefore eligible to sell our product for their customers, commented Christopher Villegas, CEO of Digital Service.”

The crypto startup will offer prepaid recharge coupons that can be purchased in three available increments – 20, 50, or 200 euro – by visiting any of the supported locations. Once a customer redeems the coupon on Digycode’s website by using a secret code, the euro is converted into crypto.The company says crypto balances will appear in the user’s crypto wallet as soon as the transaction is confirmed.

Tobacco shops are selling crypto despite regulatory uncertainty.

France’s tobacco federation was granted permission to sell crypto from the French Prudential Supervision and Resolution Authority, according to a report from the French radio network Europe 1.

But France’s central bank is singing a different tune, saying it has not approved retail sales of cryptocurrency. In addition, the Financial Markets Authority, which regulates the country’s stock market, has issued a statement saying no company is licensed to sell crypto in stores.

Source.dailyhodl
Continue Reading

Bitcoin

Crypto-Friendly Wyoming Becomes First US State to Give Bitcoin, XRP, Ethereum, Litecoin, EOS and Altcoin Owners Complete Property Rights

Published

on

The Wyomng Senate passed SF125 on Thursday. The “Digital Assets” bill will now become law, granting cryptocurrency holders property rights for direct ownership of digital assets. Wyoming is the first state in the US to pass a clear regulatory framework for Bitcoin, XRP, Ethereum, Litecoin, EOS and other altcoins, setting the stage for cryptocurrency investors, entrepreneurs and crypto-related businesses to flourish in the state.

The bill allows people to hold cryptocurrency without the need for an intermediary to own digital assets, and clears the way for banks to offer custodial services for cryptocurrencies.

According to the act, digital assets are considered intangible personal property.

“AN ACT relating to property; classifying digital assets within existing laws; specifying that digital assets are property within the Uniform Commercial Code; authorizing security interests in digital assets; establishing an opt-in framework for banks to provide custodial services for digital asset property as directed custodians; specifying standards and procedures for custodial services under this act; clarifying the jurisdiction of Wyoming courts relating to digital assets; specifying applicability; authorizing the promulgation of rules; and providing for an effective date.”

Other forms of intangible personal property are partnership interests, life insurance contracts, securities investments and royalty agreements.

The bill is expected to come into effect on July 1. It also supports the advancement of tokenized securities.

Caitlin Long, co-founder of the Wyoming Blockchain Coalition, expects the new legislation to attract blockchain companies and talent, making Wyoming a frontrunner in the space with a clear regulatory framework designed to foster innovation and spur adoption of Bitcoin, altcoins, blockchain-based businesses, trading platforms and crypto custodial services.

Source.dailyhodl

Continue Reading
Advertisement
Advertisement
Open

Close