Tag Archives: Hash Wars

Rumor: Bitmain Financials Indicate $740 Million In Q3 Losses Excluding Cost of Bitcoin Cash (BCH) Hash War

Since the hard fork of Bitcoin Cash that resulted in the ABC camp claiming the ticker for BCH, the value of the digital asset has dropped from around $500 on the day before the event (November 14th) to current levels of $115. This is a drop in value of 77% in a period of less than a month.… Read More »

End of the Bitcoin Cash (BCH) Hash Wars, Offers Much Needed Relief for Traders and Miners

The last two weeks since the 14th of November seemed like a never ending fall into the abyss for many crypto traders and hodlers. Bitcoin (BTC) fell from levels above $6,300 to current levels of $4,347 in the same time period and took with it the entire market on the way down. In the case of Ethereum (ETH),… Read More »

Stellar (XLM) Edges out Bitcoin Cash (BCH) from the Number 4 Spot on Coinmarketcap

Users of Coinmarketcap.com have realized that the online platform has chosen to assign the original ticker of Bitcoin Cash (BCH) to the ABC camp in the ongoing Hash Wars. Other platforms such as Binance, have opted to distinguish between the two camps by assigning BCHABC and BCHSV respectively. XLM Edges out BCH on Coinmarketcap With the above background… Read More »

Craig Wright: “Billions of People Will Use Bitcoin Cash SV In Coming Years”

ADVERTISEMENT Away from the unnecessary hash wars, Craig Wright the Chief Scientist at nChain is a decent and have the best interest of the Bitcoin network and users at heart. Circumstances seem to tick him to “wild mode” and after a bitter exchange of words with Roger Ver and re-asserting that he is Satoshi, he now has control… Read More »

What Could Have Caused The Year’s Biggest Crypto Crash?

Bitcoin is undergoing a bullish correction on Wednesday, recovering as high as 10% since this week’s low at $4,200. Crypto markets are also recovering slightly.Nevertheless, the insignificant recovery still does not compensate a whopping $70 billion that has been wiped from the crypto market since last Wednesday. The price of BTC crashed by 25%, bringing itself below $5,000… Read More »

Bitcoin Hash Rate Declines to August Levels as Some BTC Miners Consider Shutting Down

The current state of the cryptocurrency markets can be compared to the free-fall experienced due to gravity when someone jumps out of a plane before deploying a parachute. Ever since the 14th of November this year, the value of BTC has fallen from levels around $6,300 to current levels of $4,500. This is a drop of close to… Read More »

XRP and Stellar (XLM) Continue To Thrive Amidst Market Turmoil

By now, the entire crypto-verse is aware of the crypto market turmoil that was ignited by the Bitcoin Cash (BCH) Hash Wars that are still ongoing. The two different camps aligned to Bitcoin Cash ABC and Bitcoin Cash SV have been blamed for causing the value of Bitcoin (BTC) to drop significantly in a time period of fewer… Read More »