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| April 21, 2019

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TMZ

John Singleton Hospitalized After Suffering Stroke

April 20, 2019 |

John Singleton has suffered a stroke … family members tell TMZ. The legendary director and screenwriter is in the hospital … we’ve learned he checked himself in earlier this week after experiencing weakness in his leg. A family member tells TMZ,…

TMZ.com

Girl’s Death After Fight Seen as Natural Causes

April 20, 2019 |

The death of a fifth-grader after a fight with another girl has been attributed to natural causes and not the fight itself, prosecutors said Friday. As a result, no charges will be filed in the death of 10-year-old Raniya Wright, reports the Greenville News . Authorities announced that Raniya had a…
Newser

Regulators May Go After Zuckerberg Personally

April 19, 2019 |

Federal regulators are considering ways to hold Mark Zuckerberg responsible for Facebook’s handling of its users’ personal information. Possible new oversight of the CEO has been discussed by FTC officials and Facebook as part of the government’s investigation into how the networking site uses the data, the Washington Post reports….
Newser

Student Set on Fire After Reporting Sex Harassment

April 19, 2019 |

“The teacher touched me, I will fight this crime ’til my last breath,” Nusrat Jahan Rafi spoke into a cellphone as she was taken to a Bangladeshi hospital with burns covering 80% of her body. She would die four days later, and now her case has gained international attention. In…
Newser

Zoom’s China-born founder vaults to billionaire status after whiz bang IPO

April 19, 2019 |

After hearing Microsoft Corp. co-founder Bill Gates give a speech about the internet three decades ago, Eric Yuan decided he wanted to become part of the Silicon Valley dot-com boom.

Then the China-born entrepreneur hit a snag. The U.S. government denied his visa application — eight times.

After…


L.A. Times – Business

Trump Tweets Up a Storm After Mueller Report Release

April 19, 2019 |

President Trump appears to have spent the day the Mueller report was released in a familiar way—posting on Twitter and watching Fox News. He responded to the report’s release Thursday with a flurry of tweets , including one in which he says he could have fired the special counsel, the…
Newser

3 of World’s Best Climbers Missing After Avalanche

April 19, 2019 |

Three of the best alpine climbers in the world are missing and presumed dead in an avalanche in Canada’s Banff National Park. American climber Jess Roskelley and Austrian climbers David Lama and Hansjörg Auer had been attempting a challenging climb on the east face of Howse Peak. Parks Canada safety…
Newser

Statistics Show Bitcoin Cash Is a Strong Contender After Crypto Winter

April 18, 2019 |

Statistics Show Bitcoin Cash Is a Strong Contender After the Crypto Winter

Over the last few weeks, bitcoin cash (BCH) and the network itself have been shining brightly after a year of bearish sentiment and the blockchain split last November. Most notably, this month BCH has shown a significant increase in daily transactions, the price has doubled, and today the network has produced the second highest value of onchain transactions settled in the last 24 hours.

Also read: Strong Evidence Suggests a Single Entity Mined More Than 1 Million Bitcoin

Bitcoin Cash Network Processes More Onchain Value Than Most Blockchains

Bitcoin cash has been on a tear lately and it’s not just the markets that have seen significant improvements. The network itself has shone greatly this month by processing a lot more transactions per day and settling roughly $ 940 million in onchain value over the last 24 hours. The only cryptocurrency ahead of BCH today is bitcoin core (BTC). BCH has processed 2x more onchain transaction value than ETH and 4x more than LTC. This has been a consistent trend ever since BCH doubled in price not too long ago. In addition to the onchain settlement, cryptocurrency exchanges have been swapping a lot more BCH than they had months prior. Exchanges like Hitbtc, Binance, Coinbene, Lbank, Coinbase, and Huobi are contributing to the $ 1.2 million in global trades swapped in the last day. Bitcoin cash has also consistently captured the sixth most traded coin by exchange volumes within the entire cryptoconomy for a few weeks in a row.

Statistics Show Bitcoin Cash Is a Strong Contender After Crypto Winter
The BCH network has confirmed roughly $ 940 million in onchain value over the last 24 hours.

After the blockchain split in November, we mentioned in our Q1 BCH markets and network report that the Bitcoin Cash hashrate was recovering after the overall hashrate dropped below one exahash per second in the middle of December. At the time, news.Bitcoin.com detailed that BCH miners were processing 1.8 exahash per second at the end of Q1. Since that report was published, the hashrate has continued to climb significantly.

Statistics Show Bitcoin Cash Is a Strong Contender After Crypto Winter
The Bitcoin Cash network hashrate has increased rapidly to roughly 2.5-2.78 exahashes per second every 24 hours after sinking below 1 exahash in December 2018.

According to Coin Dance BCH statistics, miners have gathered 2.5-2.78 exahashes per second on a daily basis. Moreover, since the price doubled, the profitability between mining BTC and BCH has leaned more toward the BCH side in the last three weeks. Meanwhile, unlike other cryptocurrencies that see their fees rise when the price per unit spikes, BCH network fees are still incredibly cheap. At the time of writing it is 188.95x more expensive to transact on the BTC chain.

Statistics Show Bitcoin Cash Is a Strong Contender After Crypto Winter
BCH/USD 30-day statistics.

Increased Transactions and Development

There’s been an increase of BCH usage since the price jumped 91% as there’s been a great number of new projects lately pushing real-world use. The BCH network has seen daily transaction data also increase significantly at the end of March and during the first two weeks of April. On various occasions this week the total number of BCH transactions per day has surpassed coins like dash, litecoin, and dogecoin. The data for Thursday, April 18 according to Fork.lol shows that the BCH chain processed 41,852 transactions in the last 24 hours and around 1,750 per hour.

Statistics Show Bitcoin Cash Is a Strong Contender After Crypto Winter
BCH transactions per day top dash, doge, and litecoin.

As mentioned above, there’s been a lot of development lately within the BCH ecosystem and this has contributed to the increase in onchain transactions. There’s the influx of SLP tokens and some of the latest tokens are now held on exchanges with real-world value. The micronation of Liberland’s SLP token, merits (LLM), has a market valuation of $ 952,253 at the time of writing. Moreover, BCH enthusiasts have made hundreds of SLP tokens onchain and users have been trading these coins for fun. Lots of other development has taken place with projects like Badger Wallet, the Last Will Platform, Cashshuffle, Blockupload, Crescent Cash, Bchgallery, Menu.cash, SLP Lode Runner, Neutrino, Lazyfox, and Taskopus. Cashshuffle has been very popular and there was a total of 2,027 BCH ($ 622,289) shuffled according to statistics recorded last week. Furthermore, BCH supporters are looking forward to Schnorr Signatures this May. Between Schnorr, Neutrino, and Cashshuffle, the BCH network will be packing a whole lot of privacy protocols.

Statistics Show Bitcoin Cash Is a Strong Contender After Crypto Winter
Many BCH supporters have been using Cashshuffle since it was launched on the Electron Cash wallet. The application will also be ported to the Bitcoin.com Wallet soon which will add more liquidity to the platform.

Additionally, the BCH application Cointext, an SMS-powered BCH wallet that enables permissionless access to borderless cash by allowing people to text bitcoin cash to any mobile phone, is now supported in 42 countries. Overall, across social media and forums, most BCH fans are pleased with the market and network achievements over the last few weeks, deeming these metrics a lot more meaningful than the vitriol that various cryptocurrency factions have expended on Twitter lately.

What do you think about the bitcoin cash network and market activity lately? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, @tracyspcy, Bitinfocharts.com, Coin Dance Cash, and Markets.Bitcoin.com.


Now live, Markets.Bitcoin.com. A comprehensive, real-time listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today.

The post Statistics Show Bitcoin Cash Is a Strong Contender After Crypto Winter appeared first on Bitcoin News.

Bitcoin News

TMZ

President Trump’s Campaign Asks Supporters For Money After Mueller Report

April 18, 2019 |

President Trump is looking to cash in on the Mueller Report … because he’s asking his supporters to buck up for his re-election campaign and send a HUGE message to his haters.  Trump’s campaign sent an email Thursday to…

TMZ.com