Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Bitcoin Cash
Earn Passive Income on Your BCH with Bitrue’s Power Piggy
Bitrue exchange's 'Power Piggy' product enables you to effortlessly stake a wide array of digital assets and earn passive interest rates of up to 13%. The exchange is keen to supply users with numerous opportunities to control their finances and earn extra income. The most recent result of that effort is another new digital coin you can now add to your interest-earning via Power Piggy. Per an announcement on Twitter on April 3rd, 2020, crypto traders can earn a passive…
5 years ago
Bitrue Enhances Its Power Piggy Offerings with Improved Interest Rates
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 &…
5 years ago
Post-halving Bitcoin Cash (BCH) On-Chain Metrics Still Declining
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…
5 years ago
General Protocols Startup Raises $1 Million to Develop DeFi on Bitcoin Cash
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…
5 years ago
I Paid Thousands of Dollars in Bitcoin Transaction Fees, Says Roger Ver
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…
5 years ago
Grow Your BCH and Other Cryptocurrencies Using Bitrue’s Loans and Power Piggy Products
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,…
5 years ago
First Came Bitcoin, Then Came Bitcoin Cash and Bitcoin SV
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.…
5 years ago
LightCrypto, a Renowned Analyst, is Buying Bitcoin at $8.5k
Regardless of whether Bitcoin is showing weakness recently, a renowned analyst known as LightCrypto is buying Bitcoin near the $8.5k to $8.6k level. He noted his stance on Bitcoin, remarking that the cryptocurrency sustained well as gold declined below $1600 after moving close to $1700. As per LightCrypto, Gold’s fall is another sign of a vibrant and capitulatory macro environment. On the other hand, Bitcoin is compelling flatlining shows that sellers still support the cryptocurrency. LightCrypto is Optimistic About Bitcoin’s…
5 years ago
Roger Ver Tips Bitcoin’s Fork, Bitcoin Cash, To Gain in Popularity
Bitcoin.com's CEO Roger Ver has backed Bitcoin Cash( BCH) to gain in popularity going forward. Mr Ver asserted that BCH aligns best to Nakamoto's vision compared to other Bitcoin Forks. He made these suggestions during an interview with HardForking. A BCH champion, Mr Ver ventured that cryptocurrencies should offer a substitute payment system, but not be another investment instrument. He averred that for us to prevent government control we should use cryptos as money. According to him, using cryptocurrencies for…
5 years ago