Tuesday, November 29

Tag: bitcoin cash

Bitcoin Offshoots: Bitcoin Cash, Bitcoin Gold and Bitcoin Private
PR Wire

Bitcoin Offshoots: Bitcoin Cash, Bitcoin Gold and Bitcoin Private

As the original cryptocurrency, Bitcoin was the inspiration for hundreds of others, including little brother Litecoin and Ethereum. But some of these blockchains—including Bitcoin Cash, Bitcoin Gold, and Bitcoin Diamond—are direct forks of Bitcoin and share most of their DNA with the leading cryptocurrency. In total, there are over 40 bitcoin offshoots resulting from people deciding to fork the Bitcoin blockchain to create their own cryptocurrency. Here are three of the most popular: Bitcoin Cash Fork date: 1st August 2017 Bitcoin Cash—also known as Bcash—is the most famous fork of Bitcoin. This cryptocurrency born in August 2017 was the result of ideological differences between those who thought of bitcoin as more of a store of value, like digital gold, and those who m...
Bitcoin surges above $8,000 for the first time in 2 months ahead of a key halving in the crypto markets | Currency News | Financial and Business News
PR Wire

Bitcoin surges above $8,000 for the first time in 2 months ahead of a key halving in the crypto markets | Currency News | Financial and Business News

Reuters Bitcoin crossed the $8,000 mark for the first time on Wednesday since March ahead of "bitcoin halving" that will take place on May 12.  Some analysts expect the bitcoin halving to increase prices. "After the two previous halvings, we've seen the price reach an all-time high within 3-9 months — which would be $20,000 in this case," one analyst said. Track the price of bitcoin live here. Bitcoin surged 11% on Wednesday and crossed $8,000 the first time since early March as analysts said a key deadline that will reduce the amount of units is helping boost prices.  Bitcoin is currently trading around $8,625 as of 12.55 p.m ET.  The last time it was anywhere near this level was in March, before stock markets crashed and when the impact of coronavirus began to spread.  An...