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| April 24, 2018

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Nchain Launches Nakasendo SDK for Bitcoin Cash Development

April 24, 2018 |

Nchain Launches Nakasendo SDK for Bitcoin Cash Development

Earlier this week the blockchain technologies research and development firm Nchain released its 1.0 version of Nakasendo a software development kit (SDK) specifically designed to bolster the Bitcoin (BCH) network. Nchain details that the Nakasendo SDK is available for software programmers focusing their energy and resources towards bitcoin cash application and platform development.

Also read: This Week in Bitcoin: Taxes, Forks, Pranks and Porn

A More Flexible Method of Key Generation and Sharing

Nchain Launches Nakasendo SDK for Bitcoin Cash DevelopmentThe London-based Nchain has released an SDK this week for software developers looking to innovate using the BCH blockchain. The SDK is called ‘Nakasendo,’ which is a Japanese name of an ancient trail connecting Edo to Kyoto. In Japanese, the translation means “road through the middle mountains” or “central mountain route” according to Nchain. At the moment, the 1.0 version of Nakasendo is only available to a select group of developers and teams that have been chosen in an initial testing pool. Nchain says that the Nakasendo SDK will be made more available at a later date.

Nchain reveals that the Nakasendo SDK will help Nchain port software libraries that will assist programmers in designing bitcoin cash applications. The SDK designed by Nchain is meant to navigate the complexities of blockchain development, and accelerate work. The London firm states that the SDK incorporates two patents from the company’s intellectual property portfolio.  

“Version 1.0 of the SDK focuses on providing a cryptographic library, to allow for a more flexible method of key generation and sharing,” Nchain explains.   

This cryptographic library can be used to improve security for any cryptocurrency exchange, and more broadly for controlling access to any type of digital asset or resource.

The Open Bitcoin Cash License

Nchain Launches Nakasendo SDK for Bitcoin Cash DevelopmentThe company reveals two inventions in the SDK that were curated by Nchain’s Chief Scientist Dr. Craig Wright. The concepts enable the deep prevention of “Mt. Gox-type” hacks of cryptocurrency wallets, and Nchain says they can also be used “far beyond Bitcoin and blockchain environments — for any situation in which sensitive data, assets, communications or controlled resources need to be secured.” Moreover, the firm is releasing the Nakasendo SDK for use under what they call an “Open Bitcoin Cash License.” The license is crafted similarly to the Microsoft Limited Public License, and the BCH license will allow royalty-free usage of the SDK libraries, and any associated patents — but only for developers who create software or applications that operate on the Bitcoin (BCH) blockchain.    

“We are excited to reach this milestone with the Nakasendo SDK, which will help developers navigate the mountains of blockchain work — Although the SDK libraries will be useful for developers on any blockchain or digital platform, we want to use key elements of nChain’s patent portfolio to help benefit the Bitcoin Cash ecosystem,” Nchain Group’s CEO Jimmy Nguyen explains.

That is why we are providing the SDK for free usage only for applications and products that operate on the Bitcoin Cash (BCH) blockchain. The SDK is one of many tools Nchain will use to ignite the BCH blockchain, and help re-invent the business world.

Nchain Launches Nakasendo SDK for Bitcoin Cash Development
Nchain’s chief scientist Dr. Craig Wright (left) and the company’s CEO Jimmy Nguyen (right)

No Other Coin or Fiat Will Do These Things

One of the selected testers of the Nakasendo SDK has explained the building blocks provided have helped them further accelerate their application. The bitcoin cash wallet provider Handcash an SPV client that enables Near Field Communication (NFC) transactions has been testing Nchain’s SDK.

“We are currently testing Nchain’s Nakasendo SDK. It turned out to be the missing piece for an upcoming feature that will allow us to advance to the next stage with Bitcoin Cash — Good thing about patents: No other coin (or fiat) will do these things,” Handcash notes on April 22.

What do you think about Nchain’s SDK and open license for bitcoin cash developers? Let us know what you think in the comments below.


Images via Pixabay, Nchain.


Do you agree with us that Bitcoin is the best invention since sliced bread? Thought so. That’s why we are building this online universe revolving around anything and everything Bitcoin. We have a store. And a forum. And a casino, a pool and real-time price statistics.

The post Nchain Launches Nakasendo SDK for Bitcoin Cash Development appeared first on Bitcoin News.

Bitcoin News

Markets Update: Bitcoin Cash Prices Up Over 60% This Week

April 23, 2018 |

Markets Update: Bitcoin Cash Prices Up Over 60% This Week

The price of Bitcoin (BCH) has spiked considerably over the past two weeks as the decentralized cryptocurrency’s market has just captured a $ 20Bn capitalization. The market value of BCH is currently hovering around $ 1,250 per coin and the digital asset commands close to $ 1Bn in trades over the past 24-hours.

Also read: ‘Coindaddy’ Another Crypto-Rapper Rhymes About Bitcoin Life

Bitcoin Cash Markets Surge

Bitcoin (BCH) is on a rampage, surpassing most of the 1,500 cryptocurrency performances this week recorded on Coinmarketcap. Today the market value of one BCH is 13.80 percent of the price of one Bitcoin Core (BTC) token. The reason for this is due to the significant demand for BCH this past week as the currency’s trade volume has doubled in less than three days. Over the past 48-hours, the top trade on the peer-to-peer exchange Shapeshift is BTC for BCH. Over the past seven days, data shows bitcoin cash markets have seen a 60 percent gain.  

Markets Update: Bitcoin Cash Prices Up Over 60% This Week
Over the past few days, the top trade on the peer-to-peer trading platform Shapeshift has been Bitcoin (BTC) Core for Bitcoin (BCH).

Although, Bitcoin Core swaps against BCH have dropped significantly over the past few days, as bitcoin cash is capturing a lot more direct fiat trades during today’s trading sessions. BTC trades represent 40 percent of the BCH trades today, when last week they were well over 50 percent. This is followed by tether (USDT 24%), the U.S. dollar (22%), the South Korean won (7.8%), and the euro (1.8%). The influx of USD, EUR, and KRW into BCH has increased significantly this week.

Markets Update: Bitcoin Cash Prices Up Over 60% This Week
Today Bitcoin’s (BCH) price and market cap are close to 14% of the legacy BTC’s market valuations. 

  BCH/USD Technical Indicators

Technical indicators show on the daily, weekly, and 4-hour charts that BCH is positioned to continue its rally. The two Simple Moving Averages (100 SMA & 200 SMA) on the 4-hour chart are about to cross hairs with the short term 100 rising above the longer term trendline. This indicates the path to resistance will be on the upside which could lead to higher price ranges in the short term. At the moment prices are overbought according to the Relative Strength Index (RSI) which is meandering around 70.

Markets Update: Bitcoin Cash Prices Up Over 60% This Week
At the time of writing on Sunday, April 22, 2018, at 2:30 pm EDT one BCH is averaging around $ 1,253 per coin.

Meanwhile, the MACd is relentlessly headed northbound so a drop in price after bulls hit resistance may soon follow this run-up. Bulls have to muster up some more strength from the current vantage point all the way to $ 1,290 range to get some smoother seas and less sell walls. On the backside, there are solid foundations all the way back to $ 1,145 and more pit stops before the sub-$ 1,100 territories.

Markets Update: Bitcoin Cash Prices Up Over 60% This Week

BCH Infrastructure and Support Grows This Week

Bitcoin cash infrastructure and support have increased again this week as the firm Bitpay has added more BCH features to its merchant services solution. The exchange Coinmama recently added BCH and LTC to the trading platform. Meanwhile, the firm Cheapair.com’s CEO detailed how it would likely be using Bitpay over Coinbase for merchant services and will be accepting BCH. Additionally, the bitcoin cash community has been very excited about a new BCH micro-transaction powered social media system called Memo. The platform allows users to follow other profiles feeds and makes content sharing immutable by utilizing the BCH chain. Lastly, the mining operation Antpool revealed this week it would be burning 12 percent of BCH fees in order to bolster digital scarcity.

Where do you see the price of BCH headed from here? Let us know in the comments below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images via Shutterstock, Shapeshift, Coin Salad, Trading View, and Coinmarketcap.


Want to create your own secure cold storage paper wallet? Check our tools section.

The post Markets Update: Bitcoin Cash Prices Up Over 60% This Week appeared first on Bitcoin News.

Bitcoin News

Five Reasons Why Bitcoin Cash is About to Win Big

April 22, 2018 |

Five Reasons Why Bitcoin Cash is About to Win Big

Cryptocurrency markets have started to rebound in value as the spring begins in 2018, but one particular cryptocurrency — bitcoin cash — has been on a relentless upswing as the network approaches another hard fork this May. This year traders and bitcoin cash (BCH) proponents believe the decentralized digital currency and the BCH network has a lot of innovation forthcoming which will propel its adoption to new heights.

Also read: Play Music on Jukebox.cash – a Bitcoin Cash Infused Global Playlist

Bitcoin Cash is Poised for a Massive Breakout

Five Reasons Why Bitcoin Cash is About to Win BigOver the past few weeks, bitcoin cash has become a highly sought-after digital currency within the cryptocurrency economy. There is a lot of demand for BCH during the past seven days as the currency’s markets have seen weekly gains of over 56 percent at the time of publication. Moreover, on the peer-to-peer trading platform Shapeshift, the most popular trade today by a landslide is bitcoin core (BTC) for BCH.

The Bitcoin Cash network has managed to accumulate a massive amount of infrastructure and support over the last nine months, and more so than any cryptocurrency launched to-date. Today we’re going to discuss the top five reasons why the decentralized cryptocurrency bitcoin cash is headed for a massive breakout in adoption and valuation this year. Lots of individuals and organizations believe BCH is a serious contender in the world of cryptocurrencies, and the past nine months is just the beginning. This week, the Bitmain Technologies operated mining organization, Antpool, had similar words to say about the bitcoin cash ecosystem.

“The Bitcoin Cash blockchain is at the tipping point of becoming a widely used public blockchain,” explains the mining operation Antpool this past Friday.  

Five Reasons Why Bitcoin Cash is About to Win Big
Over the past seven days, bitcoin cash is up over 56 percent.

Infrastructure and Support

It’s been close to nine months since the August 1 hard fork, and since then the digital currency bitcoin cash has received a ton of infrastructure support from wallet providers and exchanges. No other cryptocurrency has received the support that BCH garnered so quickly in such a little time frame. For instance, BCH is supported by the major exchanges Bitstamp, Coinbase, Kraken, Bithumb, GDAX, Binance, Poloniex, Bittrex, and more. Bitcoin cash also has a slew of well-known wallet providers supporting the chain such as Edge, Bread, Jaxx, Copay, Exodus, Ledger, Trezor, Stash, Mobi, and many more. Moreover, BCH has six full node implementations including Bitcoin ABC, Unlimited, XT, Parity, Flowee, and Bitprim. These teams alongside the blockchain firm Nchain are all contributing to the permissionless and open development environment tied to the BCH project.

Five Reasons Why Bitcoin Cash is About to Win Big

Alongside those specific infrastructure providers, BCH merchant acceptance is massive compared to any other cryptocurrency out there besides BTC. Due to integrations with Bitpay’s payment processor services, thousands of merchants now accept bitcoin cash including well-known companies like Microsoft, Newegg, and more. Additionally the “Accept Bitcoin Cash Initiative” has an online compendium of merchants who accept BCH as well. Soon with initiatives like Openbazaar now utilizing BCH and Purse.io support on the way, bitcoin cash will cover nearly everything BTC does as far as infrastructure.      

A Passionate Grassroots Community

Similarly to the bitcoin cash blockchain sharing the same history as the BTC chain, there are a large amount of BCH supporters that have been around since the early days when there was only one chain. Many BCH proponents supported BTC until the scaling debate showed Core developers would continue to be stubborn and unwilling to compromise. Lots of these former BTC supporters started forming an alternative community well before the August 1 hard fork. Many of them were banned from the Reddit forum /r/bitcoin for merely trying to discuss increasing the block size. Others realized earlier on that Bitcoin Core developers were stagnating the project and started working on separate software clients because the Core team created a development technocracy. The original Satoshi reference client was suddenly used in a genius ‘PR stunt’ and was gifted the name ‘Core’ when the client was never called that name in the early days. Suddenly there was a team of ‘Core’ developers advertised on a ‘Core’ website, even though ironically most of them dislike being referred to as ‘Core’ developers.    

Five Reasons Why Bitcoin Cash is About to Win Big

Because of the blatant reference client coup d’état after the August hard fork, a strong community had already formed with an uncensored forum and a community willing to discuss upgrades and protocol changes. Last November just a few months after the blockchain split, the BCH community performed a successful hard fork which fixed the network’s Difficulty Adjustment Algorithm (DAA). The fork led to a favorable outcome where the profitability between BCH and the BTC chain has remained perfectly consistent. Over the past nine months, the BCH community has rallied behind the project pushing adoption and resurrecting applications neutered by the Core development team’s high fees and unreliable transfer times. So far the BCH community has been relentlessly passionate, moving past the trolling and concentrating on making bitcoin cash a cryptocurrency that works. In addition to the strong adherence to principles, there are many other facets of the BCH community that show like-minded passion such as the Bitcoin Cash Fund a nonprofit initiative dedicated to spreading BCH adoption. Then there’s @eatBCH, the outpost that feeds low-income Venezuelan citizens with food paid for with donated bitcoin cash.   

Low-Cost Transaction Fees

Let’s face it bitcoin cash network fees are cheaper than most blockchain networks, and with improved scaling the fees should always remain relatively low. For instance on April 20, 2018, the Bitcoin Core (BTC) median network fee was $ 0.20 cents per transaction. Even though people think that the BTC network fee is low, compared to the Bitcoin Cash (BCH) median network fee it is huge, as BCH fees are $ 0.0028 — that’s less than a third of a U.S. penny. Further, BCH network fees have remained consistent and should stay low as the protocol upgrades to a 32 MB block size leaving plenty of room for massive amounts of cheap transactions.

Five Reasons Why Bitcoin Cash is About to Win Big
Memo is an on-chain social media platform that utilizes microtransactions.

Moreover, BCH network users don’t need to rely on privacy-invasive techniques like ‘transaction batching.’ Bitcoin Core network fees are lower than a few months ago, but are still unreliable as fees were upwards of $ 40 per BTC transaction just a short time ago. Last year’s rising BTC fees have led to many companies being forced to drop the cryptocurrency as a payment network. Applications like tumblers, tipping applications, and any platform attempting to utilize microtransactions found BTC network fees and confirmation times completely unsustainable. Bitcoin cash fees, on the other hand, have created a large resurrection of all kinds of cool apps that let people swap small fractions of cryptocurrency over the web. Privacy enhancing tumblers are returning to the bitcoin environment, Bittorrent applications, Tip Bots, and social media platforms that incentive users for sharing content.

More Features

Besides all the applications being built by reviving microtransaction features in bitcoin, there are other attributes connected to the BCH network which sets it apart from its BTC sibling. After the network upgrades on May 15, users will be able to fit a vast amount of transactions within a block allowing even more on-chain activity so there are no quarrels about what kind of transactions are considered “spam.” Secondly, the upcoming network upgrade will reinstate and add new operating codes (OP Codes) and scripting abilities to the BCH chain which will enable tokenizing methods and the ability to code smart contracts within the BCH network. Additionally, the bitcoin cash community has invoked the spirit of zero-confirmation transactions as many infrastructure providers have opted to make instant transactions a reality using BCH. Meanwhile, bitcoin cash developers are planning to make instant transactions even more secure for the community as well.

Five Reasons Why Bitcoin Cash is About to Win BigThe Closest Bitcoin to Satoshi’s Vision

Bitcoin cash developers and the community want the BCH network to adhere as closely as possible to Satoshi Nakamoto’s original whitepaper. This means everyone involved will continue to bolster bitcoin as a “peer-to-peer-electronic cash system” as it was intended. BCH proponents intend to scale the BCH chain for the entire world so anyone can use the cryptocurrency. Fees will remain low so not just early adopters and the affluent can afford to use the network, but those who live in third world countries and individuals who need it most — the people BTC supporters forgot, the unbanked. After years of teaching people how to use bitcoin, BCH proponents are not going to attempt to push users towards a proprietary toll road, but rather onramp them towards reliable and cheap on-chain transactions. True ‘censorship resistance’ means allowing the whole world to use the platform, and even today’s $ 0.20 cents per BTC transaction fee is too costly for residents living in developing nations. A network fee of less than a penny is more suitable for promoting the remittance applications cryptocurrency enthusiasts once dreamed of just a few short years ago.

The Technocrats Have Lost Their Shirts

Those are just five clear and concise reasons why bitcoin cash is set to continue its tear throughout 2018 and will be one currency to keep an eye on. Finally, this fork has given bitcoin investors a say in how they want to see the cryptocurrency progress in the future, instead of the decision making of 30 some-odd technocratic developers in control of one reference client. The founder of the Satoshi Nakamoto Institute Daniel Krawisz says, “forks are good because they put the investors in control.”

Investors are given a choice and they choose which one they like better. One thing that I don’t like in bitcoin is when developers have a higher social status than investors. It should be the other way around, developers should be below investors.

Five Reasons Why Bitcoin Cash is About to Win Big

Bitcoin cash is about to break out into a massively used cryptocurrency that is ready to be adopted by the masses. Further, the BCH chain is cemented in time as the longest running blockchain dating all the way back to the Genesis block in 2009, and it continues to maintain its strong SHA-256 proof-of-work algorithm. BCH proponents aim to make sure bitcoin cash is the most used network with no limit to its use cases and no censorship towards who can use it. As Satoshi Nakamoto once stated:   

I’m sure that in 20 years there will either be very large transaction volume or no volume.

What do you think about the five reasons why bitcoin cash will likely see a massive breakout this year? Let us know what you think about this subject in the comments below.


Images via Shutterstock, Pixabay, Crypto-graphics.com, Memo, Coinmarketcap, bitcoincash.org, and Twitter. 


At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.

The post Five Reasons Why Bitcoin Cash is About to Win Big appeared first on Bitcoin News.

Bitcoin News

TMZ

Prince’s Paisley Park Ready to Cash In On His Poetry and Photos

April 22, 2018 |

Prince’s vast collection of unreleased music isn’t the only way his estate will reap money for years to come — turns out his words, as in poetry and lyrics, could also be gold. Paisley Park Enterprises — the merchandising arm of Prince’s estate –…

TMZ.com

Bitcoin Cash Smashes Through $1,000 USD

April 21, 2018 |

Bitcoin Cash Smashes Through $  1,000 USD

Bitcoin cash (BCH) is now trading at $ 1,000 USD, returning the price to levels not seen since late March of this year. Analysts have attributed the BCH spike to after-tax-season liquidity, strong volume, and a passionate and active community supporting the project.

Also read: Bitcoin Cash Gains Advance 4% Above BTC

Bitcoin Cash Smashes Through $ 1,000

According News.Bitcoin.com market analyst Samuel Haig, “The price of Bitcoin Cash has rallied to test levels above $ 1,000 for the first time since March. The move comprises a gain of more than 75% when measuring from early April’s low of approximately $ 610. With BCH hovering at approximately $ 1,050, the markets are approaching the 23.6% fibonacci retracement area when measuring from the all-time.”

Bitcoin Cash Smashes Through $  1,000 USD

“When looking at the BCH/BTC markets,” he detailed, “one can see that Bitcoin Cash has begun to make significant gains over bitcoin. The BCH/BTC markets recently broke above, and then bounced off a broken a major descending trendline, signaling that BCH’s gains over BTC may continue in the short term. The BCH/BTC markets are also testing the 23.6% Fibonacci retracement area when measuring from the major resistance area of 0.25 BTC.”

BCH Garners Mainstream Attention

Days ago, CNBC’s Brian Kelly, of the popular financial news program Fast Money, made his case for an all-out buy of exactly one cryptocurrency, bitcoin cash. Describing his recommendation as “a bit controversial,” Mr. Kelly stood before a monitor to better flesh out his reasoning.

He acknowledged how bitcoin core and bitcoin cash often trade together, following one another up and down. He described BCH as being in the Monty Python Zone. Famously, its skits often portrayed characters who simply refused to give up even when it was obvious to everyone else they should. “Bitcoin Cash has been left for dead,” Mr. Kelly insisted. “It’s gotten absolutely crushed, so maybe it’s mostly dead but it’s not dead yet!”

Bitcoin Cash Smashes to $  1,000 USD

While many traders recoiled in fear as the cryptocurrency crash of 2018 drove down prices, smart money was waiting on the sidelines for cheap prices on high performing markets. After watching BCH plummet by roughly 75% during the early months of 2018, many large buyers evidently began to accumulate. “We’ve got a potential breakout coming. We’ve got increasing volume,” Mr. Kelly hurriedly explained.

“Look at where we are on the charts,” he insisted, pointing to a mountainous graph. He urged that the price of $ 790 USD for the decentralized currency, at the time, was moving from a support indicator to an all-out resistance level. In the shorter term, he showed how BCH volumes were spiking, indicating “something might be changing here.” Asked about the broader controversies about which was the real bitcoin, core or cash, Mr. Kelly said he prefers the bottom line: buy low, sell high. He also said in his trading he hadn’t seen problems with liquidity, and that he’d be “buying the dip” on recent FUD news such as the New York Attorney General querying crypto exchanges.

Bullish Momentum Shift

Bitcoin cash started to rumble Wednesday, the 17th, when it gained more than 10% in 24 hours – placing it among the top-performing markets. In the days following, BCH continued to gain momentum, with Coinmarketcap estimating that BCH has gained in value by over 37% in just 7 days.

Analysts said a combination of factors influenced its overall breakout. One was the US taxpayer season coming to an end even after its Internal Revenue Service allowed an extra day due to computer problems. Many in the ecosystem believed the incredible gains of last year triggered a capital gains tax like never before, and a great many US enthusiasts were selling off their holdings to pay.

Bitcoin Cash Smashes to $  1,000 USD

And while gurus such as Tom Lee of Fundstrat predicted after the tax season bitcoin core (BTC) prices would increase, it appears BCH is taking that to heart. 

For BCH proponents, its eventual rise in price isn’t that much of a shock. They maintain Bitcoin Cash’s minuscule transaction fees, super quick confirmations, and steady network make it an obvious choice for both average investors and for businesses. In fact, as bitcoin core has seen a drop in businesses accepting it, this could be the right opportunity for BCH to fill that vacuum.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”

Are you bullish on Bitcoin Cash? Let us know in the comments below.


Images via Shutterstock, Trading View. Samuel Haig contributed to this article.


Want to create your own secure cold storage paper wallet? Check our tools section.

The post Bitcoin Cash Smashes Through $ 1,000 USD appeared first on Bitcoin News.

Bitcoin News

Bitcoin Cash Smashes Through $1,000 USD

April 20, 2018 |

Bitcoin Cash Smashes Through $  1,000 USD

Bitcoin cash (BCH) is now trading at $ 1,000 USD, returning the price to levels not seen since late March of this year. Analysts have attributed the spike to after-tax-season liquidity, strong volume, and a passionate and active community supporting the project.

Also read: Bitcoin Cash Gains Advance 4% Above BTC

Bitcoin Cash Smashes Through $ 1,000

The price of Bitcoin Cash has rallied to test levels above $ 1,000 for the first time since March. The move comprises a gain of more than 60% when measuring from early April’s low of approximately $ 610.

Days ago, CNBC’s Brian Kelly, of the popular financial news program Fast Money, made his case for an all out buy of exactly one cryptocurrency, Bitcoin Cash. Describing his recommendation as “a bit controversial,” Mr. Kelly stood before a monitor to better flesh out his reasoning.

He acknowledged how bitcoin core and Bitcoin Cash often trade together, following one another up and down. He described BCH as being in the Monty Python Zone. Famously, its skits often portrayed characters who simply refused to give up even when it was obvious to everyone else they should. “Bitcoin Cash has been left for dead,” Mr. Kelly insisted. “It’s gotten absolutely crushed, so maybe it’s mostly dead but it’s not dead yet!”

Bitcoin Cash Smashes to $  1,000 USD

Whilst many traders recoiled in fear as the cryptocurrency crash of 2018 drove down prices, smart money was waiting waiting on the sidelines for cheap prices on high performing markets. After watching BCH plummet by roughly 75% during the early months of 2018, many large buyers evidently began to accumulate. “We’ve got a potential breakout coming. We’ve got increasing volume,” Mr. Kelly hurriedly explained.

“Look at where we are on the charts,” he insisted, pointing to a mountainous graph. He urged that the price of 790 USD for the decentralized currency, at the time, was moving from a support indicator to an all out resistance level. In the shorter term he showed how BCH volumes were spiking, indicating “something might be changing here.” Asked about the broader controversies about which was the real bitcoin, core or cash, Mr. Kelly said he prefers the bottom line: buy low, sell high. He also said in his trading he hadn’t seen problems with liquidity, and that he’d be “buying the dip” on recent FUD news such as the New York Attorney General querying crypto exchanges.

Bitcoin Cash Fills a Vacuum 

Bitcoin Cash started to rumble Wednesday, the 17th, when it gained more than 10% in 24 hours – placing it among the top performing markets. In the days following, BCH continued to gain momentum, gaining a further 26% between April 18th and April 20th. 

Analysts said a combination of factors influenced its overall breakout. One was the US taxpayer season coming to an end even after its Internal Revenue Service allowed an extra day due to computer problems. Many in the ecosystem believed the incredible gains of last year triggered a capital gains tax like never before, and a great many US enthusiasts were selling off their holdings to pay.

Bitcoin Cash Smashes to $  1,000 USD

And while gurus such as Tom Lee of Fundstrat predicted after the tax season bitcoin core (BTC) prices would increase, it appears BCH is taking that to heart. Both BTC and ethereum were up as well, but still in single digits as of this writing.

For BCH proponents, its eventual rise in price isn’t that much of a shock. They maintain Bitcoin Cash’s miniscule transaction fees, super quick confirmations, and steady network make it an obvious choice for both average investors and for businesses. In fact, as bitcoin core has seen a drop in businesses accepting it, this could be the right opportunity for BCH to fill that vacuum.

Are you bullish on Bitcoin Cash? Let us know in the comments below.


Images via Shutterstock.


Want to create your own secure cold storage paper wallet? Check our tools section.

The post Bitcoin Cash Smashes Through $ 1,000 USD appeared first on Bitcoin News.

Bitcoin News

Bitbox Project Hosts Two Bitcoin Cash Hackathons

April 19, 2018 |

Bitbox Project Hosts Two Bitcoin Cash Hackathons

This week news.Bitcoin.com spoke with Carlos Cardona from the open source Bitbox toolkit project. Over the next thirty days, Bitbox is hosting two BCH-centric hackathons that aim to bring the bitcoin cash development community together to build innovative applications using the decentralized network.

Also Read: Meet Memo: An On-Chain Social Network Built on Bitcoin Cash

Emerging Platforms Need a Framework Which Encapsulates Everything the Platform Offers

Bitbox Project Hosts Two Bitcoin Cash HackathonsOn April 21, and on May 15 the same day as the upcoming BCH hard fork, the open source toolkit project, Bitbox, plans to host two hackathons. Developer Carlos Cardona explains to news.Bitcoin.com that Bitbox is a suite of tools that can supercharge a developer’s BCH workflow. “It consists of a one-click Bitcoin Cash blockchain, command line utility, and a javascript API which lets you accelerate how quickly you can create an amazing application,” Cardona details.

Emerging platforms need a framework which encapsulates everything the platform offers into a suite of building blocks for developers — Bitbox is the toolset which lets you build Bitcoin Cash apps 10x faster.

In Cardona’s opinion, the greatest opportunity in the entire space is to empower developers and accelerate their workflow. “If we do that right we can set off the entire industry,” the developer explains to news.Bitcoin.com.

Bitbox Project Hosts Two Bitcoin Cash Hackathons
The Bitbox toolset.

Two Hackathons and One Very Special Upgrade

On Saturday, April 21st the hackathon will be about networking, setting up development environments and on-ramping devs to the Bitbox workflow,” Cardona explains.

May 15th is a huge opportunity to galvanize the BCH dev community as this event will get a ton of worldwide press. A lot of creative energy which has been pent-up since before the fork can begin to channel in a productive way BCH can start to differentiate itself.

The Tuesday, May 15th hackathon will be about showcasing the new features of BCH including the 32 MB block size limit increase, new and reactivated OP codes (which Cardona has already enabled in Bitbox) and larger OP_RETURN data size. There is currently a total of two BCH in prizes for each event. One BCH for first place and 0.5 BCH for second place and 0.25 BCH each for two runners-up.        

“The Bitbox toolset is general purpose,” Cardona tells news.Bitcoin.com. “If your app needs any type of BCH integration at all from entropy and mnemonics to transactions to signing messages and much more, BITBOX is the solution. We have scaffolds for react, angular, nextjs and nodejs which let you bootstrap a basic BIP44 wallet in any of those frameworks in under a minute to help get people up and going.”

Some BCH application/platform ideas:

  • New transaction types. We have new OP codes. What can we do with them?
  • Mobile app for the MemoBCH Protocol. The code is already written for reading/writing to the chain per the MemoBCH protocol.
  • Wallets. Paper wallet generator. Online digital wallets.
  • Games
  • Donation apps
  • More developer tools. For instance, it would be helpful to have a web GUI for the entire BCH JSON RPC similar to this.

Bitbox Project Hosts Two Bitcoin Cash Hackathons

The Birth of an Entire Industry

The Bitbox developer says that it’s his intention to showcase all of the Bitbox features as well as additional functionality after the May 15th upgrade. “The BCH toolset has app scaffolds, a paper wallet generator and console with the entire API of dozens of utility methods built in —  And already supports the new OP codes and blogs posts are incoming with instructions on how to write custom scripts,” Cardona notes.

The pace of innovation on the Bitcoin Cash chain is light speed. Each week we’re seeing apps launch which push the boundaries of blockchain technology — The entire industry looks completely different than just three months ago — Imagine where we’ll be in three months. I like to look around and appreciate that I’m witnessing the birth of an entire industry. This is an incredibly special time and I’m stoked to share it with everyone involved.   

What do you think about the Bitbox bitcoin cash infused hackathons on April 21 and May 15? Are you excited that developers are about to get new Op codes that may help them deliver awesome applications for BCH? Let us know what you think about these hackathons in the comments below.


Images via Shutterstock, Bitbox, and Twitter. 


Show your friends how easy it is to use bitcoin cash – head over to our own bitcoin.com Store and buy a BCH T-shirt, hoodie, and all kinds of accessories.

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Square Cash Stock Spikes Due to Analyst’s Bitcoin Trading Optimism

April 19, 2018 |

Square Cash Stock Spikes Due to Analyst’s Bitcoin Trading Optimism

Whether the markets were going up or down, one segment of the bitcoin industry has been consistently making serious money, trading venues. This has caused more companies to want to join the party and on the way offer stock investors exposure to the bitcoin ecosystem regardless of what some regulators think. This seems to be paying off now in the case of Square.

Also Read: Indian Exchange Takes Central Bank to Court Over Bank Ban

Square Cash Stock Spikes Due to Analyst’s Bitcoin Trading OptimismSquare Inc (NYSE:SQ), the developer of the mobile payment app Square Cash, has seen its stock price jump up by about 5% on Wednesday. The spike was largely credited to a note by Nomura Instinet analyst Dan Dolev, who offered clients a very optimistic prediction for the effect of adding bitcoin trading by the company ahead of its May 2nd first quarter earnings report.

The ability to buy and sell bitcoin directly on the mobile payments platform has been added to the Square app earlier this year. The analyst said that the additional revenue per user from this could amount to $ 125 every year. He raised his SQ’s price target to $ 65, implying a 30% upswing, after the company already saw its stock raise almost 50% year to date.

“Either way, SQ’s fundamentals should keep improving,” Dolev said. “We expect fundamentals to continue to improve helped by SQ’s accelerating share gains and mix shift to large sellers. We continue to expect net yield to expand (from 1.05% in 1Q17 to 1.09%) helped by growing penetration of higher priced products more than offsetting mix shift to larger sellers.”

Bullish CEO

Square Cash Stock Spikes Due to Analyst’s Bitcoin Trading OptimismSquare is headed by Jack Dorsey, who is CEO of both Twitter and the payments platform. Last month he took a very bullish long term stand on bitcoin, predicting it can the world’s single currency in the next ten years.

Explaining how bitcoin could drive Square earnings, Dolev commented: “Will Bitcoin reshape the future of payments as CEO Dorsey often argues, or is it a passing fad? In reality, SQ’s correlation with Bitcoin has been on a downward trend. Plus, the stock is now less correlated with Bitcoin than PYPL, the payment networks or GOOG. Regardless, we estimate that opening Square Cash for Bitcoin trading earlier this year could drive a sizable boost to revenue and profits, driving up to 10% potential upside to adj. EBITDA guidance. This can help offset rising investment costs required to broaden Square’s international presence.”

Should more stock investors add SQ to their portfolios? Share your thoughts in the comments section below. 


Images courtesy of Shutterstock.


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The Art of Sedition: Promote Peace and Win Bitcoin Cash

April 19, 2018 |

The Art of Sedition: Promote Peace and Win Bitcoin Cash

100 years ago a wartime censorship act passed in the U.S. Congress called the Espionage and Sedition Acts of 1918. At the time censorship and propaganda tactics were applied to anyone who cast negative attention on war, and Americans could be jailed if they participated in this behavior. Eventually, the act was repealed but thousands of individuals and groups were convicted for expressing free speech. In memory of this occasion the nonprofit organization, Antiwar.me, is hosting an art contest dedicated to promoting a more peaceful society without war.

Also Read: Tax Time is Here and Lots of Cryptocurrency Holders Don’t Care

Antiwar’s Contest ‘The Art of Sedition’

The Art of Sedition: Promote Peace and Win Bitcoin Cash War is something the human race has been dealing with for centuries, and over the past few decades citizens worldwide have expressed their desires to stop wars but politicians and the bureaucracy continues to bolster the military-industrial complex. The nonprofit organization and non-interventionist website Antiwar.com has been promoting the idea of peace for years and asks everyone to spread the message that wars must end. In order to recognize the period when individuals were barred from speaking freely against unjust wars, Antiwar is having an art contest dedicated to promoting peace.       

“In recognition of this muting of free speech we’re holding an art contest encouraging all antiwar activists to freely express their thoughts and images about diplomacy, foreign policy, and how we get to a more peaceful future,” explains Antiwar.

We are looking for the best Pro Peace/ Antiwar expressions out there to help grow a movement of people working towards a more peaceful future. Can you help answer the question “How do we get there?”

The Art of Sedition: Promote Peace and Win Bitcoin Cash

Free Market Prizes: Cryptocurrency, and Precious Metals

Antiwar plans to give away over $ 1,500 in prizes for the winners of this unique contest that promotes a peaceful future. There will be three first-place prizes; $ 300 in Bitcoin Cash from the team at Bitcoin.com. Three second-place prizes featuring 7.0 ZEN from Zencash.com and a Wryguys.com tee-shirt. Roberts and Roberts Brokerage Inc. will be giving the third place prizes consisting of a 1oz Silver Card and a “Peace Now” tee shirt. The runner-up prize and the written category will receive a peace flag and a selection of Libertarian books sponsored by Free Press Publications FPP.cc.

Three Entry Categories:

  • VISUAL ART– original illustration, painting, collage, meme, photography, poster art
  • WRITTEN COMPOSITION– original short essays, poetry, slogans (500 words max)
  • MUSICAL ART– original songs, jingles, hip hop, musical composition

Each category will be judged separately and awarded first, second, third prizes and honorable mentions. Runner-up prizes will cross categories.

Entry Guidelines:

To Enter, email to contest@antiwar.me

  • Put your full name (for attribution) and email address in the body of the email
  • Label your file with your name and attach to your email
  • Post/tweet your art along with #NoMoreWar and include a link to your post in the email.

File types to submit: doc, pdf, jpg, png, gif, mp3, mp4 (Please no large files/ large file services).        

So if you’re an activist or someone who cares about ending wars, and you have some skills in the art field, then you need to submit your work by May 31st, 2018, 9 pm pacific standard. Winners will be contacted on or before June 15 and the next day winner submissions will be posted on Antiwar.me. Bitcoin.com is proud to help promote ideas that spread peace (like bitcoin cash) and concepts that aim to end the world’s aggressive wars and corruption.

What do you think about Antiwar’s Art of Sedition contest? Let us know in the comments below.


Images via Shutterstock, Pixabay, Wiki Commons, and Antiwar.com 


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Bitcoin Cash Gains Advance 4% Above BTC

April 18, 2018 |

Markets Update: Bitcoin Cash Gains Advance 4% Above BTC

On Wednesday, April 18, cryptocurrency markets have been bouncing all around over the past twelve hours as a few coins have seen some higher gains than most. Three-day charts show bitcoin core markets took a slight dip after touching a high of $ 8,425 USD on April 15, as spot prices are up 2 percent today and the fiat value per BTC currently rests between $ 7,900-8,100. Bitcoin cash markets are on a tear and have seen a significant upswing in market action during the day’s trading sessions. The value of bitcoin cash is up 6.8 percent at a price of $ 825 per BCH.

Also Read: Significant Trade Volume Triggers Localbitcoins KYC Requirement

Cryptocurrency Market Volumes Remain Healthy

Markets Update: Bitcoin Cash Gains Advance 4% Above BTC Digital currency markets are seeing some action today, after a majority of coins took a slight tumble yesterday during the early evening trading sessions (EDT). At the time of publication BTC’s market value is hovering between $ 7,900-8,100 with a decent amount of trade volume over the past 24-hours. Daily global trade volume for BTC shows an accumulation of $ 7Bn worth of trades. The top five trading platforms swapping the most BTC volume today include Binance, Upbit, Bittrex, Okex, and Bitfinex. With over 1,500 digital currency markets in existence and an overall cryptocurrency market valuation of $ 335Bn bitcoin core dominance has slipped today down to 41 percent. The Japanese yen is again dominating the global trade volume on April 18 as the currency covers over 57 percent of the BTC trades. This metric is followed by the USD (18.8%), tether (USDT 13.8%), the South Korean won (3.3%), and the euro (3%).

BTC/USD Technical Indicators

Looking at the weekly, 30-minute and 4-hour BTC/USD charts show bulls are trying to press past resistance at the $ 8,100-8,400 territory which is quite thick. The two Simple Moving Averages (SMA) both long-term (200 SMA) and the short-term (100 SMA) have a decent gap between them with the 200 SMA above. This indicates the path to resistance will look to the downside as bulls are showing some exhaustion. However, the 4-hour chart shows the trend lines are looking to meet again in the short term. MACd is heading southbound while the Relative Strength Index (RSI) is meandering between 50-60 showing some consolidation is taking place.

Markets Update: Bitcoin Cash Gains Advance 4% Above BTC
BTC/USD Bitstamp 4-18-18

Order books show on the upside bulls have to muster through some thick sell orders between $ 8,200 and $ 8,600 after that could be some smoother sailing. BTC/USD charts have shown a bullish reversal above the downward trend line and these attempts at resistance will likely take place today. If bears manage to claw prices down then there is some key support between $ 7,800-$ 7,700. If the Displaced Moving Average (DMA) breaks below these foundations, prices will likely find a way to the $ 7,500-7,250 territories.

Markets Update: Bitcoin Cash Gains Advance 4% Above BTC
BTC/USD Coinbase 4-18-18

BCH Markets See Some Uncorrelated Activity Spiking 4.8 Percent Higher Than BTC

Markets Update: Bitcoin Cash Gains Advance 4% Above BTCBitcoin cash markets are showing a decent rebound during today’s trading sessions as BCH prices are up 6.8 percent. Daily global trade volume has jumped to $ 472Mn over the past 24-hours as BCH takes the seventh position in global volume out of all 1500+ cryptocurrencies. The top five exchanges trading the most bitcoin cash today include Hitbtc, Huobi, Okex, Lbank, and Binance. BTC is the most traded cryptocurrency with BCH today as BTC for BCH trades account for 52 percent of the global market. Following BTC the ‘stablecoin’ tether (USDT) captures 20 percent, the USD (16.2%), the South Korean won (6.7%), and Binance coin (BNB 1.5%).

BCH/USD Technical Indicators

Bitcoin cash 4-hour charts show the same SMA gap between the short and long-term trend lines. Again this indicates that the resistance will be tough for BCH bulls to tackle at the current vantage point. 4-hour Ichimoku shows BCH/USD levels are a touch oversold while RSI oscillators are hovering around the same regions as BTC. Bitcoin cash volumes showed some strong momentum this morning which escalated it 4 percent higher than a majority of cryptocurrency markets. MACd is also heading downwards as some sell-off is ensuing at this current price range but still holding steady.

Markets Update: Bitcoin Cash Gains Advance 4% Above BTC
BCH/USD Bitstamp 4-18-18 

Order books show bulls have to break past resistance at $ 840-880 to see some better movement towards the upside. There will be another pitstop around the $ 900 territory and if bulls can manage to muster strength past this region $ 1,000-1,100 is attainable. On the back side for support, there are foundations between now and $ 820 per BCH and then another stop around the $ 750 area. If the Displaced Moving Average (DMA) dips under $ 720 sub-$ 700 prices will likely come to fruition.

Markets Update: Bitcoin Cash Gains Advance 4% Above BTC
BCH/USD Bitfinex 4-18-18 

The Verdict: Traders Are Confident Spring Will Bring More Bullish Action

Overall cryptocurrencies, in general, are seeing some gains during today’s trading sessions. Ripple (XRP) and stellar (XLM) are showing some notable rises today between 2-6 percent and the privacy-centric coin monero (XMR) has spiked 12 percent. Verge (XVG) pumped pretty hard after the Pornhub integration announcement but the cryptocurrency dumped immediately after as XVG is down 25 percent. Digital asset enthusiasts seem confident a ‘true reversal’ is heading our way this spring as bulls are showing renewed energy after the ‘crypto winter’ comes to an end.

Where do you see the price of BCH and BTC heading from here? Do you think cryptocurrencies will see more gains? Let us know in the comments below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images via Shutterstock, Bitstamp, and Trading View.


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