BCH

Leading financial services platform Bitrue announced their intentions to adjust the interest rates of EOS, LTC, and BCH in their Power Piggy program to a baseline of 5.3%, starting with the interest distribution on June 5 at 16:00 UTC.  Bitrue exchange has always been a disruptive force in the financial industry, mainly focused on using crypto to offer financial services to the world's unbanked population.  The Singapore-based exchange has quickly become a favorite with members of the EOS, LTC &…

In recent times, the Bitcoin (BTC) markets incurred volatility that led to the liquidations of long and short positions which affected both buyers and sellers remarkably. It is such that there was about $223 million in 24-hour margin calls on BitMEX platform being evenly spread between Bitcoin shorts and longs. As at press time, long positions liquidated were worth somewhat more than $111.5 million, while short positions worth $111.3 million. Long positions represent 50.04 percent of the total liquidation, while…

The first block reward halving event for Bitcoin Cash (BCH) happened on April 8, 2020, reducing its network's block reward by 50 percent as of block 630,000 and BCH miners hashing away at the network will now capture only 6.25 coins per block going forward, instead of 12.5. However, BCH fundamentals are still declining over a month after the event. Yassine Elmandjra of ARK Invest tweeted about the status of BCH about 16 hours ago, noting that its fundamentals are still declining after…

Bitcoin’s third block reward halving was completed on May 11 at the 630,000th block and the spot price incurred awesome bullish and bearish pressures as the F2pool miners took the last block reward of 12.5 BTC. Following the halving, Bitcoin Cash and Bitcoin SV networks recorded serious declines and this led to widespread speculation regarding a similar trend for Bitcoin. Nevertheless, it seems Bitcoin’s network is stronger than its forks. BCH and BSV networks recorded a great decline in hash rate after their halving which happened on…

The General Protocols startup has been able to raise over $1 million in a seed funding round. It is now working on the development of its Decentralized Finance (DeFi) on Bitcoin Cash (BCH). This funding round enables the team based in Singapore to come up with their flagship product AnyHedge on Bitcoin Cash. As an open source derivatives tool, Anyhedge allows the creation of new markets with smart contracts when embedded by exchanges and OTC desks. The investors that provided…

Roger Ver is a renowned supporter of Bitcoin Cash. He has claimed payment of thousands of dollars in Bitcoin fees many times on the Bitcoin network. The information was provided in a video on Twitter by Bitcoin Meme Hub. In the video, Ver said he paid the sum in Bitcoin uncountable times. https://twitter.com/BitcoinMemeHub/status/1250840996985933824 The Bitcoin fork, which happened in 2017 brought about differences in fees and speed. The fork split due to disagreements regarding the asset which eventually divided the community. Big blocks supporters desire faster transactions…

Bitrue extended its support to Bitcoin Cash (BCH) on its Loans and Power Piggy program, starting from April 3 2020. Bitrue is an advanced cryptocurrency exchange that also offers loans and staking services. Users can pledge one coin for another as a loan while maintaining rights to the pledged coins. Using the smart loans, not only can you pledge your coins to borrow BCH, but you can also get unlimited- time frame loans on five other coins, BTC, USDT, XRP,…

In the previous few days, Bitcoin and the entire cryptocurrency market performed well. Bitcoin attained a level of $7.2k, which is about a hundred percent from the approximately $3.8k bottom, established on the 13th of March. Even though there is a minimal upsurge, Bitcoin is trading at $6.8k, just below the levels observed before a crash. It seems impressive since it recovered in three weeks, and there is still a potential uptrend. In recent times, Bitcoin’s push over a main…

Understanding the difference between Bitcoin, Bitcoin Cash, and Bitcoin SV first requires looking into what hard forks are. Then, they explain how the two latter networks or cryptocurrencies were created from Bitcoin. Blockchain developers forked Bitcoin to create Bitcoin Cash (BCH) the same way they forked Bitcoin Cash to create Bitcoin SV (Satoshi Vision, BSV). So, it is right that BCH and BSV are tweaked versions of BTC. Hard forks are irreversible or permanent changes implemented on a blockchain network.…