Tag: Cash

Bitcoin Cash (BCH) Flips Litecoin in $6B Valuation Race

boss

Bitcoin Cash price crossed $280 on Feb. 12, as its 20% rally in the past week sent it soaring above Litecoin (LTC)ย  in the race to reach $6 billion market capitalization in 2024. BCH has gained momentum in recent weeks surpassing Litecoin in terms of market capitalization. What are the key factors driving Bitcoin Cash prices, and what to expect in the coming weeks? Bitcoin Cash has flipped Litecoin market capitalizationย  Bitcoin Cash and Litecoin are two rival Proof of Work networks hard forked from Bitcoin (BTC) to create a…

ARK 21Shares revamps Ethereum ETF proposal with cash creation model and staking plan

ARK 21Shares has recently adjusted its application for a spot Ethereum exchange-traded fund (ETF), shifting towards a cash-creation model akin to its previously approved spot Bitcoin ETF. The strategic amendment filed on Feb. 7 also includes plans to stake a portion of the ETFโ€™s Ether (ETH) holdings potentially, aiming to generate additional income through staking rewards. This move follows the firmโ€™s successful transition of its Bitcoin ETFs to a cash creation and redemption model in December after engaging in discussions with the United States securities regulator. The transition from an…

Wright presents 2008 documents citing Bitcoin Cash

boss

On the third day of Cryptocurrency Open Patent Alliance (COPA) v. Craig Wright, the defendant presented a document referring to Bitcoin Cash (BCH) dating back to 2008. Bitcoin Cash was created almost a decade after the 2008 document was allegedly written, with BCH coming to the forefront in 2017. Unlike yesterday, when COPA claimed visible forgery in Wrightโ€™s Bitcoin origin document titled โ€œNakamoto is the Japanese Adam Smithโ€, this documentโ€™s metadata also goes back to 2008, with no potential evidence of forgery.ย  Wright also presented a document dating back to…

Bitcoin Cash and Cardano holders shift focus to Pushd

boss

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Cardano (ADA) falls, some Bitcoin Cash (BCH) are concerned about its volatility and are examining the Pushd (PUSHD) presale.ย  Bitcoin Cash and Cardano holders seeking alternatives Bitcoin Cash is volatile, forcing holders to explore alternatives. BCH is trading at around $237, down 93.9% from its all-time high of $3,909. ADA investors are also frustrated by slow network development. The coin is under pressure, dropping to $0.50, down from…

Why Tornado Cash Remains the Most Pivotal Legal Case in Crypto

Indeed, it is not. We should have the right to transact freely online, whether itโ€™s to communicate with words or to exchange value in the form of crypto. The operation against Tornado supposes that all money sent through a mixer is necessarily dodgy, when, in all likelihood, only a portion of the $1 billion was laundered and sent to North Korea. Vitalik Buterin, for instance, used Tornado to send funds in support of Ukraine (presumably because he didnโ€™t want to make that donation public). In effect, as my colleague Dan…

Cash Handling Firm Brinkโ€™s Invests in Crypto Custodian BitGo

โ€œAs much of our industry, and the financial services industry writ large, prepares for the digital tokenization of potentially a lot of assets, it was very strategic on their behalf to reach out to us,โ€ said BitGo VP Baylor Myers in an interview. โ€œI think Brinkโ€™s is going to continue to allocate resources to its office of digital assets.โ€ Source

Bitcoin Cash and Cosmos holders closely tracking Kelexo

boss

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In the ever-changing world of digital currencies, the initial sale ofย Kelexoย has garnered significant attention from investors.ย This includes individuals who are tactically moving their investments from Bitcoin Cash (BCH) and Cosmos (ATOM).ย  Bitcoin Cash: Mt. Goxโ€™s market impact New information indicates that Mt. Gox, a popular cryptocurrency platform, has initiated an email verification process for users with accounts linked to Bitcoin (BTC) and Bitcoin Cash.ย  This action is linked to…

Crypto mixer Tornado Cash laundered over $550m in 2023 despite sanctions

Notorious crypto mixing service Tornado Cash laundered more than half a billion worth of crypto in 2023. Although the U.S. imposed sanctions against Tornado Cash in late 2022, the mixing service is still helping criminals launder hundreds of millions worth of cryptocurrencies. According to data compiled by SlowMist, in 2023 alone, Tornado Cash saw around 314,740 ETH in withdrawals, valuing at around 818.3 million at current prices (or $567.2 million based on 2023 rates). In 2023 alone, we saw 342,042 ETH deposited and ~314,740 ETH withdraw from Tornadocash, followed by…

Bitcoin Erases Recovery As Miners Cash Out 3,000 BTC

boss

On-chain data shows the Bitcoin miners have participated in a 3,000 BTC selloff recently, something that may explain the assetโ€™s latest pullback. Bitcoin Miner Reserve Has Taken A Plunge Recently As pointed out by analyst Ali in a new post on X, the BTC miners have participated in some selling recently. The indicator of interest here is the โ€œminer reserve,โ€ which keeps track of the total amount of Bitcoin sitting in the wallets of all miners. When the value of this metric goes up, it means that the miners are…