Cardano blockchain’s native asset, ADA, reached a new record high on Monday as investors pinned hopes on an upcoming smart contracts feature that expects to boost the cryptocurrency’s adoption. The ADA/USD exchange rate topped out at $2.899 around 9:00 am UTC, raising anticipations that it would easily close above $3 in the coming sessions. Many analysts, including pseudonymous chartist PostyXBT, noted that the Cardano token had entered a “price discovery mode.” Meanwhile, David Gokhshtein hinted that ADA/USD might continue its bull run until Sep. 12, the day Cardano is going to integrate a smart contracts feature to its blockchain via …

Bitcoin Cash ABC (BCHA), the embattled cryptocurrency project that has forked away from both Bitcoin and Bitcoin Cash, has rebranded to eCash (XEC). The project’s re-launch will see it integrate proof-of-stake consensus layer “Avalanche,” introducing staking and greatly increasing the speed of transactions. eCash will also reduce its decimal places down from eight to two, with lead developer, Amaury Sechet, stating: “No other money has eight decimal places. Why should crypto? Cryptocurrencies with a lower unit price also enjoy higher bull market appreciation. Because the eCash team is incentivized by both tech and price improvement, this improvement was a no-brainer.” …

Minnesota Rep. Tom Emmer has reintroduced a bill aimed at preventing the IRS from imposing penalties or fees on crypto taxpayers with forked assets. In an announcement from Emmer on Monday, the congressperson from Minnesota said he had once again introduced the Safe Harbor for Taxpayers with Forked Assets bill in the United States House of Representatives. If passed in its current state, the bill would create a safe harbor for crypto holders with forked assets, allowing them to be nontaxable events. Further, these conditions would be continued until the Internal Revenue Service provides “clear and consistent guidance on how …

The value of assets under management for crypto fund manager Grayscale Investments’ Bitcoin Cash Trust has fallen $1.6 million following the announcement that the crypto asset would be forking on Nov. 15. According to data from Coin Dance, the Bitcoin Cash (BCH) network has now split into two blockchains. Currently, miner action appears to be favoring the community-driven Bitcoin Cash Node, or BCHN. Crypto exchange Binance’s pool was responsible for mining block 661,647 — the last common block before the fork. At the time of publication, miners have mined roughly 27 blocks for BCHN and none for Bitcoin ABC, or …

Bitcoin Cash (BCH) holders are scrambling to get their coins onto exchanges ahead of the hard fork expected for Nov. 15. According to Chainalysis, nearly $140 million worth of BCH has flowed onto exchanges in just the past week, bringing November’s total up to $300 million. Since the start of the month, more than 1.56 million BCH has been moved onto exchanges. As such, BCH inflows to exchanges for the past 12 days have equated to nearly 6.4% of Bitcoin Cash’s entire capitalization and supply. While some onlookers have inferred the sizable in-flows to indicate Bitcoin Cash holders are looking …

Bitcoin ABC, the historically dominant implementation of Bitcoin Cash (BCH), appears on the brink of giving way to a community-driven mutiny in the form of Bitcoin Cash Node (BCHN). According to Coin Dance more than 75% of nodes have signaled in favor of BCHN over the past week, while a meager 1% have shown support for ABC. There’s just over ten days left in the race. BCHN nodes mined 84.7% of Bitcoin Cash blocks produced in the last 24 hours, compared to just 1.4% for ABC. BCHN emerged in response to ABC’s announcement it would introduce a new “coinbase rule” …

Over the past weekend, on block 11380000, a solution for the prevention of 51% attacks was introduced to the Ethereum Classic (ETC) community. Several such attacks have recently placed ETC at a crossroads, leaving the very survival of the chain uncertain. In the weeks that followed these attacks, the community worked to evaluate numerous potential solutions. The first one that has been implemented is called MESS, which stands for Modified Exponential Subjective Scoring. Its predecessor was first suggested by Vitalik Buterin back in 2014. It builds on the assumption that while small chain reorganizations that go back a few blocks …

The potential Bitcoin Cash fork in November is looking increasingly likely, with 63% of the last 1,000 BCH blocks being mined using the community’s breakaway Bitcoin Cash Node (BCHN) implementation. BCHN appears to be ahead on multiple fronts. According to data published by Coin Dance, in total, roughly 82% of the hashrate on the Bitcoin Cash network are currently signaling support for BCHN, following recent support from the BTC.com and Antpool mining pools. And more than 700 of the Bitcoin Cash network’s 1,262 nodes support BCHN. That compares to just 516 running Bitcoin ABC — the historically dominant implementation of …

Bitcoin Cash figurehead Roger Ver has dramatically announced that Bitcoin ABC and its lead developer Amaury Sechet are “forking away from #BitcoinCash on Nov 15th”. Bitcoin ABC and @deadalnix have announced that they are forking away from #BitcoinCash on Nov 15th. We wish them good luck with their new coin and thank them for the free airdrop to all BCH holders. — Roger Ver (@rogerkver) September 1, 2020 That’s not quite what’s happening. The post actually suggests the fractured BCH community will battle it out over which fork gets to claim the ‘Bitcoin Cash’ brand — Bitcoin ABC or upstart …

With the Bitcoin Cash community divided once again, supporters of alternative implementation ‘Bitcoin Cash Node’ now believe they have a majority of miners behind them. Supporters of Bitcoin Cash Node or BCHN have rejected Bitcoin ABC’s latest upgrade, which would require miners to donate 8% of all newly minted coins to a development fund from November. One Redditor accused Bitcoin ABC lead developer Amaury Sechet of “choosing to create his own (forked) coin that pays one address 8% of minted funds.” However, Sechet told Cointelegraph he believes that BCHN does not have the resources needed to maintain their own chain …

The Bitcoin Cash (BCH) community is divided over whether to change the cryptocurrency’s difficulty adjustment algorithm, with a recent developer meeting reportedly concluding with attendees storming out of the event. On August 4, Chris Pacia, the lead developer of the peer-to-peer marketplace OpenBazaar and a volunteer BCH developer, tweeted that “multiple people walk[ed] out” of the meeting as consensus was not reached over whether to make adjustments to Bitcoin Cash’s difficulty algorithm. Ethereum co-founder Vitalik Buterin tweeted in reply that he doesn’t understand with BCH people “care so much” given “your algo is fine as is” and added: “I will …

Blockchain browser formerly known as ‘Braver’, which originally forked from the open-source Brave browser, rebranded itself to ‘Bold Browser’ earlier today citing legal threats from a ‘certain party.’ Anti-adware fork Braver Browser launched in June following reports of Brave auto-filling the company’s affiliate link into searches for certain crypto exchanges like Binance and Coinbase. Announcing the project in a now-deleted tweet on June 6, the Braver team said it had removed Brave's referral link injection, adding that the full release was going to delete “all adware”, including the Basic Attention Token (BAT) — in-house ERC-20 utility tokens that are awarded …