Those who have followed the Bitcoin saga from the very beginning know that it’s a mistake in 2019 to only pay attention to the so-called “grandfather cryptocurrency,” as that would mean ignoring Bitcoin’s many relatives (and competitors) that share the same DNA. Bitcoin Cash (BCH), when it comes down to brass tacks, is similar to Bitcoin in most ways, but with one large distinction — it's bigger block size of 32 megabytes. This is a result of BCH innovator Roger Ver’s idea that scaling should be possible on-chain, without third-party accelerators like the Lightning Network. This project’s proposed solution to …

The Chicago Board Options Exchange has withdrawn its application for the VanEck/SolidX Bitcoin (BTC) exchange-traded fund (ETF). However, VanEck’s director of digital asset strategies Gabor Gurbacs stated that they will continue to work with regulators to bring “a physical, liquid and insured ETF” to the market. Bitcoin had a muted reaction to this news, which is a positive sign. Blackstone CEO Steve Schwarzman said that blockchain technology is good and will be adopted. However, he was not supportive of the idea of using blockchain technology for generating money. While crypto enthusiasts like the decentralized nature of cryptocurrencies, Schwarzman was against …

Bitcoin.com announced a partnership with Taiwanese telecommunications manufacturer HTC to support Bitcoin Cash (BCH) on its flagship smartphones. In a press release on Sept. 16, Bitcoin.com announced that it and HTC would begin a long-term partnership wherein the HTC Exodus 1 will provide built-in wallet support for Bitcoin Cash. Bitcoin.com states that the phone supports BCH without having to download a BCH wallet from an app store. Current users will need to perform an update of their software to receive a Bitcoin.com wallet. Are blockchain and crypto a comeback for HTC? Earlier this year, tech-focused news daily TechCrunch reported that …

Many central banks across the world are racing against each other to devalue their currencies. Crypto fund executive Travis Kling believes that Bitcoin (BTC) is a great hedge against irresponsible monetary and fiscal policies of central banks and governments. Tim Draper has said that his target price of $250,000 for Bitcoin is conservative because at that price, the leading cryptocurrency will have only about 5% market share of the currency world, which may be understating the importance and power of Bitcoin. He said that, as the adoption of Bitcoin among the masses increases, the price will skyrocket higher. In the …

The trade war between the United States and China has stoked fears of a recession. According to a survey by eToro, if a recession occurs, 40% of millennials would prefer to invest in crypto. However, Generation Z and Generation X investors are not convinced by crypto as they have chosen real estate and commodities as their preferred mode of investment. Gold Bullion International co-founder Dan Tapiero believes that Bitcoin (BTC) is “an invention.” He alluded to the decade-long record of the leading digital currency and said that if a company were to develop such a secure network framework, it would …

Preparations for the launch of Bitcoin (BTC) futures on Bakkt are on track. While market participants were excited before the launch of CME group’s futures trading at the end of 2017, the current launch is being approached with caution. Bitcoin’s volatility continues to drop, which shows that both bulls and bears are not taking large directional bets. Bitcoin’s dominance, that had risen above 71% in the past week is showing signs of cooling down. It has currently dropped below 70%. This implies that, for a few days, the action might shift to altcoins. However, this period of low volatility is …

The United States Federal Reserve is not working on a digital currency of its own, said Fed Chair Jerome Powell. He said that cyber security issues are likely to deter central banks from releasing their own digital currency. However, reports suggest that China might launch its digital currency as early as Nov. 11. If the Chinese digital currency becomes a success, it will force other central banks to launch their own to keep up with the competition. There are several important events lined up in the next few months that are likely to be positive for cryptocurrencies. The first such …

Jennifer Bailey, the vice president of Apple’s payments service, Apple Pay, said that the company was watching cryptocurrencies closely as they believe it has long-term potential. The company claims that Apple pay processes about one billion transactions every month. With such a wide reach, Apple’s move to crypto, similar to Facebook, will be a huge positive as it will attract a large number of retail and institutional investors alike. It is not only large organizations that are taking the crypto plunge. The second largest economy in the world has also made it clear that it wants to launch its digital …

Asset managers VanEck and SolidX plan to offer a limited version of their Bitcoin (BTC) exchange-traded funds (ETFs) to qualified institutional buyers. While the wait for retail investors continues, institutional players might get an opportunity to buy the shares starting on Sept. 5. This is a positive development because a strong demand from institutional players might help in expediting approval for a full-fledged Bitcoin ETF for retail investors. The uncertainty of the trade war between the United States and China, endless money printing and negative yields around the world are all driving institutional investors toward safe haven assets, one of …

Altcoin Bitcoin Cash (BCH) faced fresh criticism this week after one of its lead developers appeared to admit its network was unable to process its larger blocks. In a Reddit exchange on Sept. 2, Amaury Séchet, via his account known as u/deadalnix, responded to criticism of some miners by another pro-BCH user. In the response, the developer suggested a BCH node would not be able to process a block of transactions 2 megabytes or larger. Séchet is the lead developer of Bitcoin ABC, the first incarnation of the Bitcoin Cash network client. Large blocks would make nodes “trip over themselves” …

Bitcoin.com, a website previously focused on covering Bitcoin (BTC), Bitcoin Cash (BCH) and general cryptocurrencies news, announced the launch of its own digital assets exchange. Per the announcement published on Sept. 2, the platform “will host a slew of trading pairs including popular cryptocurrencies like litecoin (LTC), ripple (XRP), tron (TRX), zcash (ZEC), stellar (XLM), and EOS.” It is also noted: “Exchange.Bitcoin.com will have markets denominated in base currencies like bitcoin cash (BCH), ethereum (ETH), bitcoin core (BTC), and tether (USDT).” Always aim high Managing director of Bitcoin.com exchange Danish Chaudhry told industry news outlet Decrypt that the platform “is …

The total market capitalization of cryptocurrencies has again bounced from just below the $250 billion mark, which is a positive sign. This level has repeatedly provided support in the past three months. It shows that investors are using dips to accumulate. Volatility has shrunk in the past few days, but we expect it to pick up. During the run-up to the launch of CBOE futures in Dec. 2017, the market rallied hard but then sold off after the launch and entered a long bear phase. Will the launch of long-awaited Bakkt futures platform also result in a similar situation or …