Bitcoin Cash Community Funds Eatbch Trip to Ghana

This week members of the Bitcoin Cash (BCH) community donated funds to Eatbch South Sudan volunteer Thiong Deng so he could spread the word about the benefits of BCH at the Young African Leaders Summit. According to Deng, his journey to Uganda and Ghana has been fully funded which includes flight, hotel, visa costs, and a ticket to the event. Also Read: The Bank of Google Wants Your Spending Data Eatbch South Sudan Volunteer Heads to the Young African Leaders Summit Eatbch is easily recognized as the Bitcoin Cash community’s…

Bitcoin Cash Hard Fork Sees Miners ‘Waste’ Money on 14 Invalid Blocks

Bitcoin Cash (BCH) miners appear to have wasted money mining 14 blocks on the wrong chain after the altcoin underwent a hard fork.  According to data from monitoring resource Fork Monitor on Nov. 15, Bitcoin Cash, which itself forked off from Bitcoin (BTC) in 2017, successfully split in two once again on Friday. BitMEX: Miners are “wasting resources” Despite being broadly cleaner than its previous hard fork attempts, it soon became apparent that a large section of miners had not upgraded to the new chain.  In total, miners spent resources…

Bitcoin Cash Hard Fork Completed as First Invalid Block Detected

The planned hard fork of the Bitcoin Cash network has been completed, as the first block considered invalid by the older client version was noted by BitMEX Research in a tweet on Nov. 15. Fork Monitor detected that the block at height 609,136 was considered invalid by the Bitcoin ABC 0.19.0 client. The block was accepted by Bitcoin ABC 0.20.6, confirming that the hard fork had completed as planned. The block was mined by the BTC.com pool at 13:44 UTC, with a block-size of 0.2MB, and contained 651 transactions. Older…

Bitcoin Cash Upgrade Complete: 2 New Protocol Changes Added

The Bitcoin Cash network has successfully upgraded the latest ruleset changes to the protocol. The BCH blockchain now features the enforcement of minimal pushdata in script which will make a majority of BCH network transactions non-malleable. Moreover, as an extension to last May’s Schnorr upgrade, the opcode OP_Checkmultisig(verify) will now feature Schnorr signature support. Also Read: QE Infinity: 37 Central Banks Participate in Stimulus and Easing Practices Bitcoin Cash Successfully Removes the Final BIP62 Malleability Vector and Extends Schnorr Signatures Every six months the Bitcoin Cash (BCH) network upgrades in…

Central Bank of China Starts Trials to Restrict Large Cash Transactions

The People’s Bank of China (PBOC) announced that it will pilot a restriction on large-scale cash transactions in three different regions across the country, with one expert calling the move paving the way for its upcoming digital Renminbi token (RMB). On Nov. 14, local news outlet Xinhuanet reported that the PBOC intends to carry out a large-scale cash management trial that will last for 2 years and will be implemented in phases in the Hebei Province, Zhejiang Province and Shenzhen City. Guide customers to non-cash payment tools The PBOC explained…

Developer Demos Smart Card That Produces Bitcoin Cash Signatures

Software engineer Tobias Ruck has revealed a project he’s been working on that allows a smart card to produce valid BCH signatures. Ruck tweeted about his experiment to the crypto community and Bitcoin Cash proponents showed their excitement about the future of offline payments. Also read: Walk Like Nakamoto: 7 Anonymous Personalities in the Crypto Space Harnessing Offline Bitcoin Cash Payments For quite some time the developer Tobias Ruck has been experimenting and developing concepts that help bolster the BCH ecosystem. News.Bitcoin.com reported on Ruck last year when the programmer…

Dubai to Host City’s First Bitcoin Cash Meetup on Saturday

As Dubai is renowned as an international business and financial hub it should be no surprise it has a dedicated community of cryptocurrency supporters. On Saturday the residents of the city are coming together to learn about bitcoin cash and party. If you are in the area that day, make sure not to miss this meetup. Also Read: Universal Protocol Alliance to List Mega-Utility Token on Bitcoin.com Exchange First Bitcoin Cash Meetup in Dubai Bitcoin Cash Dubai, a local group for electronic cash supporters from the most populous city in…

Bitcoin Cash House Launches Crypto Hub in Venezuela

A new crypto resource has emerged in Barquisimeto, Venezuela, for Venezuelans interested in learning about Bitcoin Cash and cryptocurrencies. The project, called Bitcoin Cash House, is the brainchild of Roberto Garcia and is sponsored by Bitcoin.com and Sideshift.ai. It exists as a physical location and online initiative, seeking to educate newcomers to the space on the acquisition, storage, and general use of crypto, as well as development and job opportunities. Also Read: Over 200 Venezuelan Taxis Discover the Benefits of Bitcoin Cash Welcome to the Cash House Launched just days…

What to Expect From the Next Bitcoin Cash Protocol Upgrade

On November 15, shortly after 12 p.m., Bitcoin Cash (BCH) will execute an upgrade of the network’s consensus rules. After the upgrade is locked in, the next block will enforce minimal pushdata in script and the opcodes OP_Checkmultisig and OP_Checkmultisigverify will be upgraded to accept Schnorr signatures. Also Read: QE Infinity: 37 Central Banks Participate in Stimulus and Easing Practices Delivered Code Next Friday, Bitcoin Cash proponents will be watching the BCH chain upgrade the current consensus ruleset in order to add two new features. Developers have been discussing the…

Malaysia to Impose Cash Transaction Limit of $6K in 2020: Report

Malaysia is planning to impose a $6,000 limit on cash transactions in 2020, according to a deputy governor at the country’s central bank. The new restrictions aim to prevent the use of cash in illicit activities, and won’t affect regulated financial institutions or other entities transacting for humanitarian aid purposes. The average Malaysian household spends $1,900 per month Abdul Rasheed, the deputy governor in question who works for Bank Negara Malaysia (BNM), claimed that the measures will apply to all transactions involving physical cash, including payments for goods and services,…