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Another photo of a parent and child near the river that divides the United States and Mexico has sparked an outcry — online and in halls of power.
CNN.com – RSS Channel – Regions – Americas
The dramatic rescue of a trapped 3-year-old girl and her grandmother from a house fire in Missouri was captured on police body cam video . The Hazelwood Police Department says a policeman identified only as Officer Rodriguez arrived on the scene before the fire department Friday, observed that the home’s main…
Jussie Smollett still had a noose around his neck more than 40 minutes after his alleged attack — it’s something we already reported, but now, for the first time, we see the video. Chicago police just released a boatload of evidence, including…
The second quarter of 2019 is coming to an end and the Bitcoin Cash (BCH) network and markets have had an extraordinary year so far. BCH prices touched a high of $ 522 per coin on Sunday and at the current price of $ 470 per coin on June 24 BCH is up by a whopping 213%. Moreover, the network and infrastructure have grown stronger since the November 2018 split and the Bitcoin Cash network looks poised to jump to the next level.
Bitcoin Cash Markets Jump Over 200% Since January 1
Over the last six months, Bitcoin Cash proponents have been relentlessly pushing for global adoption and mass acceptance while BCH developers have been strengthening infrastructure. At press time the BCH market has gained more than 213% this year and things don’t seem to be letting up any time soon. At $ 470 per coin, BCH has an overall market valuation of around $ 8.4 billion and $ 2 billion in global trade volumes. This is a massive increase from 2018’s bear market blues that dipped much further after the November 2018 BCH chain split.
Today the top exchanges swapping the most BCH include trading platforms like Hitbtc, Binance, Digifinex, Bitstamp, Coinbase, and Bitforex. BCH is heavily traded with tether (USDT) which captures 46% of the trading pairs against bitcoin cash on June 24. USDT has been a dominant pair against BCH all year long which isn’t much different than the rest of the cryptoconomy. Other pairs that have seen strong increases this year against BCH includes BTC, USD, KRW, ETH, JPY, and EUR.
BCH Onchain Transactions per Day Are Steadily Climbing
The Bitcoin Cash network has seen transactions per day (tpd) pick up significantly, from 8,392 on January 1 to 66,000 tpd. That’s an overall increase of onchain transactions of more than 686% and if we look to the average (25,000 tpd) then there’s an increase of 197%.
It’s difficult to differentiate the on-off ratio stemming from the many cryptocurrencies traded on exchanges but a few different data sites put bitcoin cash ahead of the pack when it comes to usage. Today bitcoin cash is the third highest onchain transaction volume behind BTC and ETH. Bitcoin Cash network data from Coindesk’s crypto-economic explorer shows that direct network contributions like usage metrics such as onchain transactions are significant on the BCH network compared to other chains.
UTXO Set Size and Hashrate Growth
In contrast to onchain transactions picking up, the BCH network’s Unspent Transaction Outputs (UTXO) set is growing as well. Some people believe that there’s a link between the UTXO set and the growing BCH market valuation. It could be said that the UTXO set growth follows adoption and currently the UTXO set size has spiked considerably since September 2018. In addition to this, the BCH hashrate has been climbing as well and has jumped 66.6% since the first of the year.
The overall hashrate had seen a decline after the November 2018 blockchain split but over the last six months, BCH miners have increased processing power from 1.3-1.5 exahash per second (EH/s) to this month’s 2.3-2.6 EH/s. Currently, there are 12 known BCH mining pools with various hashrate. Unknown miners captured 19% of the global BCH hashrate over the last seven days. Hashrate distribution by pool has increased significantly since January 1, the top BCH pools including Btc.com, Btc.top, Viabtc, Poolin, Antpool, and Bitcoin.com.
Month After Month of Steady Bitcoin Cash Development
Development has been remarkable as well following the upgrade in November 2018 after the chain added canonical transaction ordering (CTOR), push-only for scriptsig, and the addition of the opcode OP_Checkdatasig. Throughout the course of 2019, BCH programmers prepared the network for another upgrade which took place on May 15. As of block 582680, the BCH chain implemented two new features successfully by adding Schnorr signatures and the Segwit recovery exemption. BCH developers aim to establish bitcoin cash as “sound money that is usable by everyone in the world.” Bitcoincash.org explains the BCH protocol roadmap which emphasizes that the future technical improvements can be divided into three categories:
- Enable Bitcoin Cash to scale from ~100 Tx/s to over 5,000,000 Tx/s. Protocol improvements must be made so that mass-parallelization can enable this level of transaction processing.
- Improving the payment experience to ensure that it is instant and reliable. Transactions should be secure within three seconds.
- Make Bitcoin Cash extensible. An extensible protocol makes future improvements less disruptive and provides a solid base for businesses and developers to build on.
Developers have already been discussing a drafted proposal of specifications for the next upgrade. A few feature items proposed include enabling Schnorr signatures for OP_Checkmultisig (VERIFY), enforce minimal pushdata, enforce NULLDUMMY, and changing the rule limiting signature operations in script. In addition to all the development, a bunch of businesses and individuals have initiated a Bitcoin Cash Development Fund to support open source programming. The development fund’s goal is to raise 1600 BCH by August 1 and so far the fundraiser has been very successful.
Beyond core protocol development, there’s been a lot of infrastructure extension applications and platforms growing the BCH network’s ecosystem as well. A big improvement seen over the last six months was the official release of Cashshuffle added by default to the popular Electron Cash wallet. BCH users have shuffled millions of dollars worth of BCH since March 27 by participating in 13,744 shuffles to-date. Approximately 74,357 BCH has been shuffled so far which is $ 34.9 million worth of BCH at current market prices.
Another protocol that’s received a lot of attention in 2019 is the Simple Ledger Protocol (SLP) which has allowed people to create various tokens on top of the BCH chain. SLP tokens are now being sold on exchanges, there’s a stablecoin now, and the sovereign micro-nation Liberland uses SLP tokens as well. All types of tokens have been created this year and there are multiple wallets that hold them alongside an SLP transaction explorer as well.
In addition to this, 2019 has seen BCH participants using apps like Badger Wallet, Ifwallet, Cresent Cash, Lazyfox, Cinema.cash, and the BCHD Neutrino wallet. There’s much more too with projects like Eatbch, Cash Accounts, Chaintip, Gitcash, cashaddress.org and many other BCH-based concepts in the works. Moreover, the BCH community’s social media applications Memo.cash and Honestcash continue to see improvements and people are using these platforms regularly.
The price increase has been nice but it’s been a small metric compared to the network, development, mining, and daily users over the last six months. Moreover, because of this progress, many BCH supporters believe that the price of bitcoin cash is significantly undervalued at the moment. The first two quarters of 2019 have been great and the BCH community continues to move forward by bringing peer-to-peer electronic cash to the world with their passion and innovation.
What do you think about the price of Bitcoin Cash and the network performance over the last two quarters? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Charts.Bitcoin.com, Satoshi Pulse, Coin Dance, and Bitinfocharts.com.
The post Bitcoin Cash Shows Phenomenal Growth in the First Two Quarters of 2019 appeared first on Bitcoin News.
Japan’s Consumer Affairs Agency (CAA) has released its 2019 report and noted a significant spike in inquiries concerning cryptocurrency related issues last year. The report details a 70% increase in 2018 in regard to consumer queries largely stemming from exchange issues. Moreover, over the last two quarters of 2019, the Japanese yen paired with various cryptocurrencies like BCH and BTC has been climbing steadily, showing the country has a lot of demand for digital assets.
CAA Report: Crypto-Related Inquiries Spike by 70% in 2018
Over the last few years, Japan has been a hotbed for cryptocurrency innovation. Things really started heating up after Japan’s Financial Services Agency (FSA) officially announced that Bitcoin was recognized as a legal method of payment on April 1, 2017. Since then, there have been lots of crypto-related business developments, regulations formed, and crypto exchanges launched in the Pacific island nation. This week Japan’s Consumer Affairs Agency (CAA) published its 2019 consumer affairs report which touches upon inquiries and complaints surrounding the digital asset industry.
The latest CAA report has not yet been fully translated by the agency, but rough translations reveal that in 2018 there were roughly 3,657 cases that were tethered to cryptocurrency exchange complaints. The number represents a 70% increase in contrast to the prior year when there were 2,166 queries and complaints involved with digital currencies. The CAA has seen a consistent increase in queries since 2014. For instance, the number surpassed the previous year by 3.5X and 1.7X more than the year prior. Lots of complaints and queries derived from exchange customers who had issues receiving funds after paying and other complaints described user-side hacks. Other inquiries asked the CAA about digital assets in general and the credibility and reputation of certain exchanges.
Despite Increasing Crypto Regulation, Digital Assets Continue to Trend in Japan
In addition to this news, a recent study from the Block’s Larry Cermak has shown that behind U.S. exchange visitors, Japan leads with the world’s second highest traffic to worldwide exchanges. According to Cermak’s data, the U.S. accounted for 24.5% of exchange traffic while Japanese visitors made up around 10% of the traffic visiting crypto trading platforms. The trend has continued to rise in Japan despite the regulatory climate changing in the country on a regular basis. Japan recently passed a new cryptocurrency bill which addresses transferring crypto assets, income taxes, and income related transactions using digital currencies. A spokesperson from the FSA described the new bill to news.Bitcoin.com in May. Moreover, on June 28-29, Osaka Japan will be hosting the V20 summit which will see well-known crypto businesses debate the proposed FATF international standards.
Despite all the regulation and FATF standards looming, the Japanese yen has increased significantly when it comes to the global money flow into digital assets. In 2017, the yen (JPY) was a top pair with cryptocurrencies like bitcoin core (BTC) throughout the crypto bull run. However, in 2018 the JPY against crypto pairs like BCH and BTC dropped significantly as regulation spiked in the country and Coincheck exchange was hacked. In the first six months of 2019 things have changed drastically and the Japanese yen has gradually muscled its way into the top five currency pairs against BTC and BCH.
Today JPY captures 4-5% of the global BTC trade volumes worldwide and 1-1.5% of bitcoin cash global trade volumes. This is a significant amount of volume comparatively seeing how most global crypto trade volumes are dominated by tether (USDT). The 70% increase in crypto-related queries reported by the CAA shows the trend in crypto interest continues to grow in Japan.
What do you think about the recent increase in consumer inquiries toward cryptocurrencies and exchanges with Japan’s Consumer Affairs Agency? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Coinlib.io, Crypto Compare, and the Consumer Affairs Agency Japan.
The post Consumer Affairs Report Shows 70% Spike in Japanese Crypto Inquiries appeared first on Bitcoin News.
Cryptocurrency usage has been expanding globally and a new survey confirms that trend. The poll conducted by Statista shows that the citizens of troubled countries tend to exploit the benefits of decentralized digital money far more readily than the citizens of thriving nations.
Study Determines Global Cryptocurrency Adoption
The 2019 edition of the Statista Global Consumer Survey offers a worldwide perspective on consumption and explores how consumers think. It covers dozens of industries and attempts to answer questions like “How many Americans have a video on demand subscription?” and “What is the demographic profile of online food shoppers in the UK?” It polls more than 400,000 consumers in 46 countries.
“How common are cryptocurrencies around the world?” is another key question put forward by the authors of the survey. It’s been asked of around 1,000 people in each participating country. The results present the share of respondents who said they used or owned cryptocurrencies.
According to a summary of the study published recently by Statista, Latin America is a region where crypto holders and users form large minorities. Five of the top 10 countries in the sample are located south of the U.S. border. All of them scored in the double digits in terms of crypto adoption. In Brazil and Colombia, 18% of the respondents have admitted to owning and using digital assets. They are followed by Argentina with 16% and Chile with 11%.
Venezuela is a notable omission in the summary. Uncontrollable hyperinflation has created favorable conditions for wider adoption of cryptocurrencies such as bitcoin cash (BCH). There are now over 200 businesses accepting BCH payments in Caracas and other cities in the country, according to the Marco Coino app. It’s likely that many more merchants, such as the mining parts supplier Coincoin, accept BCH and other major digital currencies.
Inflation-Hit Turkey Leads the Pack, Spain Scores the Highest in Western Europe
Turkey is the pronounced leader among individual countries included in the study. The nation, which sits on the border between two continents, has experienced high inflation in the last couple of years. The depreciation of the national fiat currency, the lira, has resulted in cryptocurrencies steadily gaining popularity. A fifth of the Turkish participants in the Statista poll declared they own crypto.
Elsewhere in Europe, Spain, which has been trying to overcome its own long list of economic and financial problems, is the Western nation with the highest number of cryptocurrency users at 11%. However, Eastern European countries and some in Asia have ranked higher than most developed nations. These include the Russian Federation (9%) as well as China and Indonesia (11% each).
Among the surveyed First World nations, Denmark has scored 8%, followed by Australia with 7%, the United Kingdom and the U.S. with 6% and 5% respectively, and France and Germany with 4%. Surprisingly, only 3% of the respondents from Japan, which is considered a leader in terms of crypto regulations and adoption, confirmed they have real experience with cryptocurrencies.
Do these results surprise you in any way? Share your thoughts on the subject in the comments section below.
Images courtesy of Shutterstock.
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The post Latin America and Turkey Have the Most Cryptocurrency Users, Poll Shows appeared first on Bitcoin News.
Apple TV is getting a Picture-in-Picture mode that will allow users to stream two shows at the same time, TechCrunch has confirmed. The feature’s forthcoming launch was first reported by Apple news site 9to5Mac earlier today, following today’s release of new beta software for all of Apple’s operating systems, including tvOS.
After installing tvOS beta 2, Twitter user Nikolaj Hansen-Turton noticed a new option — the ability to play content in a smaller window in the bottom-right of the screen, overlaid on top of the main Apple TV interface. Or, simply put, it’s a Picture-in-Picture mode. (See tweets below).
Several publications soon ran the news.
But what wasn’t clear at the time was whether this was just a minimized video player window or a true Picture-in-Picture experience. The tweeted photo and video, after all, seemed to show a static background on the main screen — not two programs playing simultaneously. However, we understand that Apple TV will support the ability to stream two shows at once.
There are some caveats, though.
Picture-in-Picture support will only be available for content provided by Apple in the Apple TV app. That includes content purchased through iTunes, TV shows and movies streamed the Apple TV+ subscription service launching later this year, and videos streamed through Apple TV Channels.
Channels, which arrived with the updated TV app in May, lets users subscribe to premium add-ons including HBO, Starz, Showtime, EPIX, Tastemade, Smithsonian Channel and others. The idea is similar to the premium subscriptions available through Amazon’s Prime Video Channels or the more recently added subscriptions offered through Roku’s streaming hub, The Roku Channel.
To be clear, that means if you subscribe to HBO through Apple’s Channels, you will be able to watch HBO in Picture-in-Picture mode when the new version of tvOS ships to the public later this fall. But if you subscribe to HBO through the HBONOW.com website and then watch via the third-party HBO NOW app, you won’t be able to use Picture-in-Picture mode.
Apple intends to expand its catalog of premium subscriptions in time, which will make it possible to view more programming in the Picture-in-Picture mode in the future.
Apple hasn’t yet announced plans for third-party developer tools that would allow them to customize their own apps to support Picture-in-Picture mode. If those aren’t immediately available, it gives Apple TV owners a compelling reason to subscribe to premium programming through Apple TV Channels, instead of through a third-party website or app. (Which would be a nice perk for Apple’s TV platform revenue, as well.)
Support for Picture-in-Picture mode wasn’t announced earlier this month at Apple’s Worldwide Developer Conference where the company previews its upcoming software releases, which made today’s reveal a pleasant surprise for Apple TV fans.
Picture-in-Picture mode will be supported on both Apple TV 4K and Apple TV HD, we understand.
Megadeth’s lead singer has “faced obstacles before”—so he’s ready to attack a new big one. Dave Mustaine on Monday announced that he has throat cancer, and that his doctors believe the treatment plan they came up with has a 90% success rate. “It’s clearly something to be respected and…
The US says Iran was behind attacks on two oil tankers in the Gulf of Oman Thursday—and it has proof to back up the claim. A video released by the US military’s Central Command late Thursday shows what American officials say was an Iranian Revolutionary Guard boat removing an…