Why Bitcoin Adoption May Spike if Australia’s Proposed “Cash Ban” Activates

People could be jailed for two years and fined $25,200 just for using more than $10,000 in cash in one transaction under a new bill being considered by the Australian Parliament; if passed, the bill is likely to drive citizens away from traditional financial institutions and towards decentralized cryptocurrencies like Bitcoin. “Cash Bans” Strengthen Bank’s Grip The Reserve Bank has said the motive for the Federal Government’s $10,000 cash limit bill is to fight the “black economy,” not to get rid of cash. This claim is facing a lot of…

New SLP Telegram Bots Introduced to Bitcoin Cash Supporters

The Bitcoin Cash community was recently introduced to two new Telegram bots that use Simple Ledger Protocol (SLP) tokens within the messenger application. There’s a new SLP Telegram-based dice bot that claims to provide provably fair gaming and a developer has also launched an SLP dividend Telegram bot. Also read: Ross Ulbricht Supporters Auction Collectibles After BTC Price Wager Goes Sour Spicecasa: The First SLP Telegram Dice Bot Cryptocurrency-fueled Telegram bots have become quite popular and there are a bunch of applications that allow people to tip fellow users during…

Grassroots Bitcoin Cash House Movement Expands to Ghana

With one Bitcoin Cash House now established in Venezuela, the grassroots movement is independently spreading to other locations. Read.cash user ‘Koush’ has announced that the new BCH House Ghana has secured and paid for its location and will launch sometime this month. The independent movement to establish informational centers for those interested in peer-to-peer electronic cash is unique in its decentralized nature, and groups in other areas are now expressing interest in starting their own crypto hubs. Also Read: Bitcoin Cash House African Expansion to Feature in Toronto Meetup From…

Telegram Refusing to Tell SEC How It Spent $1.7 Billion of ICO Cash

The United States Securities and Exchange Commission (SEC) has filed a court order on Jan. 2 to compel the messaging platform Telegram into releasing details of how the funds raised in its initial coin offering, or ICO, have been spent. The SEC claims that the requested records are highly relevant to its ongoing case against Telegram, alleging that the $1.7 billion raised selling Gram tokens constituted an unregistered securities sale. Request for information The filing requests both testimony and documentation from Telegram relating to the amounts, sources and use of…

Read.cash Platform Rewards Content Creators With Bitcoin Cash Incentives

Since the platform’s launch, the Bitcoin Cash-centric blogging site read.cash has gathered a lot of traction. The website’s user base publishes interesting content and new material on a daily basis with the most popular authors gathering tips in bitcoin cash for their work. Also Read: These Are the Bitcoin Stories You Loved in 2019 Read.cash Blogging Platform Leverages Peer-to-Peer Electronic Cash About a month ago, news.Bitcoin.com reported on two blogging websites that reward users in crypto for producing content. One of the platforms featured was read.cash and ever since that…

A Tor-Integrated Cashfusion Build for Bitcoin Cash Is Coming

On Monday, Electron Cash developer Jonald Fyookball updated the Bitcoin Cash (BCH) community in regards to the Cashfusion protocol. Fyookball revealed that Tor integration is currently in the works. The Tor-integrated Cashfusion build is “the big piece” the development team needs to get from alpha to beta stage, Fyookball detailed. Also read: Privacy-Enhancing BCH Tool Cashfusion Begins Working Behind the Scenes Tor + Cashfusion Bitcoin Cash proponents are excited to hear that developers are relentlessly working on the Cashfusion protocol. A number of BCH users already utilize the Cashshuffle protocol,…

Bitcoin Cash Eyes Reversal After Bitcoin & Ethereum Upsurge

Bitcoin cash price is showing recovery signs from the $170 monthly low against the US Dollar. The price is currently consolidating above the $180 and $182 support levels. There is a key bearish trend line forming with resistance near $190 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to turn bullish once it settles above $190 and $195 in the near term. Bitcoin cash price is attempting an upside break above $190, whereas bitcoin rallied above $7,000. BCH/USD could start another increase…

Bitcoin Tanks Below $7000 as PlusToken Scammers Cash Out

In yet another major sell-off Bitcoin price crashed below its crucial support of $7000 on Monday, December 16. As per blockchain researcher Chainalysis, this dumping is part of another major scam brewing in the crypto industry. In its report, Chainalysis mentions a China-based Ponzi scheme PlusToken which is dumping its crypto holdings to cash out. PlusToken, a cryptocurrency wallet, trapped investors by promising high returns to those purchasing their native PLUS cryptocurrency against Bitcoin and Ethereum. PlusToken scammers promised its investors high returns through “exchange profit, mining income, and referral…

Bloxroute Releases Blockchain Distribution Network for Ethereum and Bitcoin Cash

On December 3, the crypto software firm Bloxroute’s cofounder, Eyal Markovich, announced the launch of the startup’s Blockchain Distribution Network (BDN) Version 1. Markovich explained that the BDN V1 release is a milestone for the company and the scalability service aims to enable exponential blockchain scaling by propagating blocks and transactions faster. Also Read: 23 Days Until a Bonded Courier Supposedly Delivers Keys to $8 Billion in BTC The Blockchain Distribution Network Version 1 The startup Bloxroute, a firm dedicated to blockchain propagation software, recently revealed the launch of BDN…

People’s Bank of China Explores Digital Yuan to Eliminate Cash Use

Since 2014, the People’s Bank of China (PBoC) has been exploring a virtual asset transactions system and now will be launching a pilot test of its national cryptocurrency in two major cities in China, Shenzhen and Suzhou. By doing so, People’s Bank of China is developing the next step for its crypto payment system. According to Caijing Magazine, the Chinese central bank will be undertaking small-level crypto operations for the remainder of this year and then work towards developing the ideal model for a digital coin pegged to the yuan…