Bitcoin Price Eyeing $7,000 After Fed Says it Has ‘Infinite Cash’

Bitcoin (BTC) and gold showed clear signs of strength on March 24 as the United States Federal Reserve revealed the true extent of its money printing.  Having cleared $6,000 on Monday, BTC/USD went on to hold ground at around $6,500. At the same time, gold rallied, as market analysts suggested its recent selloff was over. Fed: We have “infinite cash” The precious metal traded at around $1,572 at press time, a daily improvement of 1.35%.  Bitcoin versus gold 1-year chart. Source: Skew.com For gold, the rebound echoed behavior during the…

Tether (USDT) Expands to Bitcoin Cash (BCH) to Issue SLP Token

Tether, the stablecoin leader, has announced that it is launching on Bitcoin Cash as well. The Bitcoin Cash protocol uses a sub-protocol, called the Simple Ledger Protocol (SLP), to issue tokens on top of the blockchain base layer, per Bitcoin News, March 21, 2020.  Stablecoins for Tumultuous Times The recent market crash bolstered the value proposition of stablecoins in the cryptocurrency market. Tether saw a near $500 million increase in market capitalization, and more could be yet to come. Bitcoin Cash has done well for itself since forking from Bitcoin. Obviously, it…

Bitcoin Cash Meetups Go Virtual in Japan to Prevent Coronavirus Spread

Japan’s crypto community has found a way for those seeking to avoid crowded places to still participate in meetups across the country.  According to sources available to Cointelegraph, Bitcoin Cash (BCH) meetup groups in Osaka and Tokyo will be allowing members to virtually chime in at regularly scheduled events. Though Japan has less than 1000 reported cases of infection, companies and organizers in the birthplace of crypto are starting to offer more suggestive language in announcements to curb the spread of the disease. Namely, that people should work from home,…

Sending Cash to Friends and Family Through Bitcoin ATMs Is Safer Than Crowding Bank Offices During Pandemic

Transferring money over traditional channels may involve a lot of queuing in lines these days. Authorities around the world are trying to prevent large groups of people gathering in confined spaces to reduce the risk of transmitting the coronavirus infection. Remittances are a lifeline for people in many countries and cryptocurrency ATMs provide a way to send cash to loved ones without visiting a crowded bank office. Also read: These Online Stores Will Sell You Masks, Gloves, Emergency Items for Cryptocurrency Crypto ATM Transfers Safer Than Bank Wires in More…

Bitcoin Cash IFP Debate: ABC Kicks Off Fundraiser, 3 Mining Pools Signal BCHN Support

During the first week of March, there were prominent discussions concerning the recently announced infrastructure funding proposal (IFP). However, a number of crypto participants are focused on the market carnage and the possibility of a global recession. After the new full node project published plans for the upcoming upgrade, Btc.top founder Jiang Zhuoer revealed his hashrate would vote against the proposal. Two days later, the full node project Bitcoin ABC announced intentions to raise funds in order to sustain operations for one year. Currently, the Bitcoin Cash Node project has…

Bitcoin Cash Meetups Go Virtual in Japan to Combat Virus, Allowing Members to Choose

Due to the spread of the COVID-19 virus, BCH meetup groups in Tokyo and Osaka, Japan, have announced they will be offering a virtual option for those wishing to avoid crowded places and to participate digitally, while still supporting merchants. In Tokyo, physical venues will still be booked for those opting to meet face-to-face, allowing bitcoiners to choose their own experience. News.Bitcoin.com asked organizers some questions about the announcement, how it will work, and difficulties in coming to consensus on how to best navigate this challenge. Also read: These Online…

How to Track, Get and Set the Best Transaction Fees with Bitcoin and Bitcoin Cash

Once set up with a bitcoin or bitcoin cash wallet and some coins, using and sending them is pretty easy. Part of this process involves paying a transaction fee, which is a small amount of coin included in a transaction incentivizing miners to work the tx into a block. Both BTC and BCH transactions have fees, with BCH fees being much lower. This post will detail some ways to find and track the best possible fees, set tx fees in your wallet, and make the most of this aspect of…

Crypto Lending Firm Blockfi Adds Support For Buying Cryptos With Cash

Cryptocurrency-backed lending startup Blockfi added support for buying cryptocurrencies such as Bitcoin with cash on the platform. The purchase can be made by sending cash through wire transfer. Blockfi said the customer can send US Dollar wires to the platform to purchase stablecoin in the form of Gemini Dollars (GUSD), and begin earning up to 8.6 percent on USD-denominated assets. Currently the default Stablecoin for BlockFi Wire purchases is GUSD, each of which is backed by one USD. The USD deposit will appear in the form of GUSD in the…

Nigerians Can Now Buy Bitcoin With Cash From Stores and ATMs That Take Naira

If there’s a place where cryptocurrencies draw significantly more attention than anywhere else right now, it has to be Nigeria. Africa’s largest economy is driven by its oil exports, expanding manufacturing, financial services, communications and information technology sectors, but also by a tech-savvy generation that asks Google about Bitcoin more than its peers in other countries. Despite the progress, however, cash remains the only option for many Nigerians to buy cryptocurrency. New services are aiming to satisfy that demand. Also read: Wifi Sharing Platform Wicrypt Gets Government Grant in Nigeria…

Bitcoin Cash Community Supports Greater Privacy by Donating Over 100 BCH to Cashfusion Fundraiser

The Bitcoin Cash community is showing its support for greater privacy by putting its money where its mouth is and donating to Cashfusion. The recently launched fundraiser has already raised more than 100 BCH and achieved over 70% of its goal. Once the total hits $50,000, Bitcoin.com will double it to $100,000. Also Read: Raising $100K for Cashfusion’s Security Audit, Bitcoin.com Matches Donations to Improve BCH Privacy Over 100 BCH in Donations to Help Cashfusion Bring Greater Privacy to Users Cashfusion is an extension of the Cashshuffle coin mixing protocol…