What We Know About Bitcoin Cash’s Two Blockchains

At 18:02 UTC, the bitcoin cash blockchain officially split in two. With one iteration of the bitcoin cash protocol called Bitcoin “Satoshi’s Vision” or Bitcoin SV directly opposing the upgrades introduced through another implementation called Bitcoin ABC, the blockchain forked into two distinct networks. And while a so-called “hash war “had been greatly anticipated, for now […]

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Why Bitcoin Investment Trust Stock Plunged on Wednesday

What’s happening? Shares of Bitcoin Investment Trust (NASDAQOTH:GBTC) are down by about 10% as of 2:45 p.m. EST on Wednesday as bitcoin (BTC-USD) plunged to fresh lows for the year. At a recent price of $5,452, bitcoin is trading just above its year-to-date low of $5,363 set earlier in the trading day at Coinbase. So […]

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Bitcoin plummets under $6000 to a new low for the year after months of stability

Bitcoin’s moment of relative stability ended abruptly Wednesday. The world’s largest cryptocurrency hit its lowest level of the year, falling as much as 9 percent to a low of $5,390.12, according to data from CoinDesk. Bitcoin had been trading comfortably around the $6,400 range for the majority of the fall, a stark contrast from the […]

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Traders Now Betting 2-to-1 Bitcoin Cash Fork Will Cause Price Decline

New data is offering insight into how crypto traders are pricing in a coming technical update to bitcoin cash, one that could cause the world’s fourth most valuable blockchain to split into two competing networks. At press time, there are now almost twice as many open short positions betting that the price of bitcoin cash […]

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