OpenBazaar co-founder vents at excessive BTC fees

OpenBazaar co-founder vents at excessive BTC fees

Washington Sanchez, co-founder of open-source decentralised marketplace OpenBazaar, has expressed frustration over the high fees involved in BTC transactions.

Sanchez lashed out at the high transaction fees on Twitter, as well as expressing regret at his earlier BTC “maximalism,” to the exclusion of other, often more suitable cryptocurrency alternatives.

Since the launch of the project back in 2014, OpenBazaar has mainly processed payments in BTC. However, with fees and transaction times on the increase, and serious concerns about scalability with current technology, Sanchez appeared to suggest there was an appetite for embracing alternative cryptocurrencies.

In his frank tweet, Sanchez bemoaned the civil war in Bitcoin community, and suggested that the issue to embrace alternative cryptocurrencies had now been forced by the fundamental problems with BTC for payments.

He added, “The core lesson was to not let personal ideology interfere with designing what is best for open competition and experimentation within the marketplace…Openbazaar is supposed to be a free and open protocol for trade using cryptocurrency, a way for currencies and tokens to gain meaningful economic utility to acquire goods and services, and an entry point for people to earn/onboard. This vision cannot be limited to a single coin.”

The comments come with the suggestion that OpenBazaar is ready to introduce support for a raft of new cryptocurrencies to solve the issues of lengthy transaction times and ever-increasing transaction fees.

In particular, OpenBazaar is looking at increasingly incorporating Bitcoin Cash (BCH), for more efficient, cost-effective transactions. Without the legacy issues that affect BTC, Sanchez said OpenBazaar would be implementing support for BCH, along with several other cryptocurrencies by the end of the year.

“With any luck, by the end of the year, [Openbazaar] will look radically different,” Sanchez tweeted.

In addition to BCH, Openbazaar also suggested several other cryptocurrencies may be supported in future, including LTC, ETH and ZEC.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Bitcoin Cash jumps 10% as crypto market sees positive spike

Bitcoin Cash jumps 10% as crypto market sees positive spike

The cryptocurrency market had a generally positive Wednesday with most currencies in the green, but the biggest mover by far was Bitcoin Cash (BCH), which jumped considerably to almost $1,500 over the past 24 hours before settling at the $1,450-$1,470 mark.

As already indicated in previous news articles, BCH is fast becoming the currency of choice for fast transactions and more payment providers are taking on the cryptocurrency, thus increasing its popularity.

Another positive mover which saw a significant increase in price was Ethereum, which finally breached the $700 mark and sailed beyond that psychologically important level to trade at around $720 at press time. The news that Ethereum has finally deemed not to be a security has perhaps given the currency a boost, with trading volumes spiking sharply in the past few hours.

BTC saw a consolidation at around the $9,200 mark, but the price could start pushing upwards in the next 24-28 hours as more trading volume enters the market. Ripple also consolidated at the $0.83-0.85 level but there seemed to be little appetite for a push forward in that direction with the fabled $1 mark still far away. Litecoin saw a push beyond the $150 mark, but volumes were quite low and it appeared that it will take some time for the currency to start moving forward beyond the $160 mark and towards the $200 level. However as with Ripple and BCH, there is a constant stream of news regarding agreements signed for Litecoin, which can have a positive effect on the price on a long-term basis.

Of the currencies with smaller market cap, EOS continued losing most of the big gains which it had achieved last week and was trading at around $17 at press time—a loss of 8% although this appears to be a good entry position for new investors. Stellar seemed to be consolidating at the $0.45 mark with very little movement up or down, whilst Dash has also consolidated but at around the $480 mark with a push beyond the $500 level expected very soon as trading volumes and interest in the currency continue to increase. Ethereum Classic appeared to be preparing for a move towards the $30 level, although it’s still trading at the $22 mark but with quite strong volumes at that price. NEO recouped some of this week’s slump after Sunday’s bull run and was trading in the mid $80s at press time.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
CoinGeek Conference hashes out Bitcoin Cash's vital role in eCommerce

CoinGeek Conference hashes out Bitcoin Cash’s vital role in eCommerce

Bitcoin Cash (BCH) is one of the best-performing cryptocurrencies on the market today. Its rapid transaction times, on-chain scaling and low transaction fees make it the prime candidate to be used in the retail sphere, and the eCommerce industry is poised to reap huge rewards for its integration as a payment option. The inaugural CoinGeek conference on May 18 is the perfect event merchants and business leaders to come together and learn why BCH plays such a vital role in retail, and where it’s headed.

Jimmy Nguyen, CEO of nChain, one of the influential tech groups leading the development of Bitcoin BCH, said it best when he said that BCH shouldn’t be perceived as anti-bank or anti-establishment.  Just the opposite, BCH is designed to be a true digital payment system that is capable of being used by all industries—banks, payment services, technology-based and even entertainment.  It is the one cryptocurrency that offers the most versatility and reliability to all industries.

The CoinGeek conference, which will be held at Hong Kong’s Four Seasons hotel, is an exciting one-day conference highlighted by important discussions with some of the greatest minds in the cryptocurrency world today. Nguyen will be there to talk about BCH in retail, as will Bitcoin.com owner Roger Ver, nChain Chief Scientist Dr. Craig Wright, Bitmain co-founder Jihan Wu and many others. They’re all coming together to offer their expertise on the changing world of cryptocurrency in eCommerce, and why BCH is taking the lead.

The day kicks off at 8 a.m. with an informal meet-and-greet, the perfect opportunity to mingle with business leaders from around the world and to expand alliances. The series of seminars will wrap up before 6 p.m., leaving attendees with an incredible amount of information and a fun-filled day to remember.

After the conference, attendees can enjoy an after party hosted by CoinGeek founder and cryptocurrency entrepreneur Calvin Ayre. There are only about two weeks remaining before the conference, and reservations are required. Attendees who pay with BCH will receive 50% the regular admission price. Register today and join fellow business leaders, entrepreneurs and visionaries at this year’s one cryptocurrency conference that can truly make a difference.

Find out how you can integrate blockchain into your business by registering for the CoinGeek.com conference today.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Edit wars prompt Bitcoin Cash Wiki page lockdown

Edit wars prompt Bitcoin Cash Wiki page lockdown

The debate over the identity of Bitcoin has intensified in recent weeks, with BTC Core supporters resorting to trolling Bitcoin Cash (BCH) on Wikipedia in their latest attempts to claim exclusive ownership of the Bitcoin name.

As a result, Wikipedia have locked the page, preventing further malicious edits to the Bitcoin BCH entry. This often occurs around controversial topics, or when Wikipedia editors dispute the neutrality of a post, resulting in Wikipedia’s internal dispute resolution process.

At the moment, the page displays a notification about its status: “The neutrality of this article is disputed. Relevant discussion may be found on the talk page. Please do not remove this message until conditions to do so are met.” The last edit to page was made on May 2, 2018.

Following through to the talk page reveals more about the reasons behind the temporary lock, which states:

“There have been attempts to recruit editors of specific viewpoints to this article. If you’ve come here in response to such recruitment, please review the relevant Wikipedia policy on recruitment of editors, as well as the neutral point of view policy. Disputes on Wikipedia are resolved by consensus, not by majority vote.”

Even Bitcoin ABC lead developer Amaury Séchet noticed the lockdown on the Bitcoin Cash Wiki page due to repeated vandalism, commenting on Twitter that “‘Cypherpunks do Orwellian shit’ is the new ‘Cypherpunk Write Code.’

Further inspection shows that the majority of recent suggested edits have been attempting to include references to ‘Bcash’, a term considered inappropriate by those in the BCH community. Some have even suggested this is an intentional attempt to confuse or deceive, by introducing confusing alternative names for Bitcoin BCH.

Referencing user FoxyJim, who tried to change the name to ‘Bcash,’ Wiki editor Toomuchtalk was keen to set the record straight: “Foxyjim obviously doesn’t understand what Wikipedia is — Just because a disagreeing faction created a derogatory name in an effort to obscure the truthful Bitcoin history and are upset that they are using the name Bitcoin does not make the use of Bcash a legitimate historical fact.”

These are just the latest front for attacks from the BTC Core community, with others taking to the Wiki page to dispute sources, the events surrounding the fork, and the Segregated Witness protocol.

The central dispute between Bitcoin BCH and BTC reflects conflicting interpretations of Satoshi’s original vision, with SegWit now straying further from the cryptocurrency concept as envisaged.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Bitcoin Cash recovers as crypto market trades sideways

Bitcoin Cash recovers as crypto market trades sideways

The cryptocurrency market continued to trade sideways on Wednesday after dropping slightly in the past 48 hours. After a day of trading below the $9,000 mark, BTC regained the $9,100 mark on Wednesday morning although trading volumes remained slightly low.

Bitcoin Cash retraced slightly from its intra week highs on Tuesday; however, it was recovering well on Wednesday to trade above the $1,300 mark and was well on course to reach the $1,400 mark if a sustained rally takes place over the next few days. There has been a consistent spread of good news for this currency as it continues to be involved in payment agreements and other news that is generally positive.

The third largest currency by market cap, Ripple, also had a generally positive 24 hours, regaining the $0.80 mark with ease to trade at around $0.84 on Wednesday morning. Ripple also continued to be in the news with more banks and companies adopting the technology, so it must only be a matter of time before a jump in price is seen. Another larger market cap currency, Litecoin, appeared to be on a slight recovery as it was once again flirting with the $150 mark on Wednesday morning after having dropped in the low $140’s over the past days.

Ethereum remained relatively stable and was once again close to the $680 mark in the past hours after having dropped as low as $650 on Tuesday, when the market correction took place. The currency’s founder Vitalik Buterin seems to be in the news constantly nowadays and that can only have an effect on the currency’s short- to medium-term prospects as it continues to garner exposure. Ethereum Classic held on to the small gains it registered on Wednesday and was looking to breach the $22 mark if a rally takes place.

Currencies with smaller market caps had a slightly mixed day overall. XLM was up by around 4%, only to fall back in the past hours but is holding well at the $0.43 mark. EOS seems to have stabilized at the $18-19 mark after the steep rises of last week, whilst Dash is also stable in the $450-480 range. Other currencies such as TRON and VERGE had a mixed day with the former losing some of its steep gains achieved last week and the latter shooting up on high turnover.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Japan's SBI Holdings to launch crypto exchange in summer 2018

Japan’s SBI Holdings to launch crypto exchange in summer 2018

Japan’s Financial Services Agency (FSA) recently began putting cryptocurrency exchanges under the microscope, causing two to shut down and others to permanently leave the country. While the agency may have had good intentions—to create regulations that would protect consumers—some of their policies were viewed as exaggerated. One financial company is willing to swallow the regulations and has announced that it will open a cryptocurrency exchange sometime this summer.

SBI Holdings, one of the largest financial services companies in Japan, will launch its SBI Virtual Currencies exchange, allowing investors to trade in Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), and BTC. The company’s president, Yoshitaka Kitao, anticipates using BCH as the settlement currency, given the fact that BTC is expensive and “tiring as a settlement currency.” Kitao added that the exchange’s remittance currency would be XRP.

The official launch date has yet to be announced; however, Kitao said, “When we do it, it will be number one in the blink of an eye so quickly, so even if a tremendous number of customers come, we can build a system that can bear. [sic] We have to pursue safety thoroughly.” The exchange comes after SBI initially announced plans for the SBI Virtual Currencies platform about a year and a half ago. In December, SBI said that it would be partnering with BTC trading platform Huobi and expected the exchange to be ready at some point early this year.

Following the FSA’s crackdown on cryptocurrency exchanges, SBI was forced to delay the launch once more as it worked on ensuring that the platform would function in accordance with the new regulations.

SBI was established in 1999 and has several business entities. It is involved in Financial Services, Asset Management, biotechnology-related research and development and a wellness bank. The company reported revenue of just over $3 million for its latest fiscal year ending in March, representing an increase of just under $700,000 from the previous fiscal year.

Two months ago, SBI purchased 40% of cryptocurrency hardware wallet company, CoolBitX, out of Taiwan. The wallet company’s main product is the CoolWallet, which has the ability to interact with other devices over Bluetooth.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
London Block Exchange lists Bitcoin Cash

London Block Exchange lists Bitcoin Cash, Ethereum Classic on its platform

BCH and ETC pairings with GBP and BTC are now on the menu.

London Block Exchange (LBX)—the UK’s first dedicated cryptocurrency exchange has added Bitcoin Cash (BCH) and Ethereum Classic (ETC) to their platform. It can be noted that both cryptocurrencies forked away from their legacy chains (BTC and ETH, respectively) in retaliation from what were seen as violations of the original visions behind them.

Yesterday, the exchange announced that they now support GBP (Great British Pounds) and BCH pairs, as well as Ethereum Classic (ETC). BCH and ETC to BTC pairs are also on the menu. This would supposedly set them apart, as these pairings are uncommon in the market.

“This means that not only are we the sole operator in the market to offer UK onshore banking, but we are also one of the only exchanges in the world to offer a GBP pairing for Bitcoin Cash and Ethereum Classic,” the exchange wrote on their website.

LBX CEO and founder Benjamin Dives says they plan to add more cryptoassets depending on what the community wants.

“As we open our doors to UK crypto enthusiasts, we’re listening and acting on what the community wants – and that’s an array of good quality coin options to trade; all backed by a reliable, comprehensive and user-friendly service that they can trust,” Dives says.

nChain CEO Jimmy Nguyen applauds the move, saying in a press release:

“The decision to list Bitcoin Cash shows that the London Block Exchange is listening to the market. Bitcoin Cash is the future. With faster transaction times, lower transaction fees and greater security, Bitcoin Cash represents the true vision of a peer-to-peer electronic cash system.”

Bitcoin Cash is gearing up for massive upgrades on May 15, including a 32Mb block size upgrade and the resurrection of certain OP_Codes that would enable smart contracts and tokenization on the blockchain—something Ethereum currently holds dominance over. Nguyen predicts massive growth for BCH, and a decline for others as it overtakes.

“This move highlights the potential of Bitcoin Cash as the one true all-in-one coin, which can do what all other cryptocurrencies and blockchains claim to do. We expect investor demand for Bitcoin Cash to grow, while demand for legacy Bitcoin Core (BTC) and other cryptocurrencies declines,” Nguyen says.

“A protocol upgrade will occur on May 15, and this will further improve the Bitcoin Cash network. At this point, the BCH block size will increase from 8MB to 32MB, which will significantly increase throughput capacity to handle transactions, as well as keeping transaction fees very low as network usage grows. This protocol upgrade will also restore certain OP_Codes in the Bitcoin scripting language, and enable smart contract and tokenisation solutions on the BCH network.”

Nguyen says the upcoming May 15 upgrade is just the beginning, as Bitcoin Cash prepares for even more massive scaling.

“After this May 2018 upgrade, expect more steps toward massive on-chain scaling of the Bitcoin Cash network. We envision a future with massive block of 1 gigabyte (1000 MBs), and even 1 terabyte (1 million MBs), to achieve a powerful BCH data network that will re-invent how global business is done,” Nguyen says.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Bitcoin Cash prepares for upgrade: nChain on 32MB blocks

Bitcoin Cash prepares for upgrade: nChain on 32MB blocks, OP_Code resurrection for smart contracts

nChain likes big blocks and they cannot lie.

May 15 is a big day for Bitcoin Cash supporters as the community prepares for the first of a series of big upgrades for the blockchain. The upcoming hard fork will trigger the following upgrades:
• Increasing the size of blocks on the Bitcoin Cash blockchain from 8MB to 32MB;
• Restoring certain OP_Codes for advanced functionality; and
• Increasing OP_Return data carrier limit to 223 bytes.

The 32Mb increase in block size will supposedly enable a capacity of 100 transactions per second, or 8.64 million transactions per day. This is a precursor to the Terab project’s long-term goal of scaling to 1 terabyte blocks—which would theoretically bring in 7 million transactions per second, or a whopping 604.8 billion transactions per day.

In a press release, Jimmy Nguyen, CEO of leading blockchain R&D company, nChain, comments:

“Increasing the Bitcoin Cash block size from 8MB to 32MB begins to ignite the true power of the BCH network, significantly increasing throughput capacity, in terms of the number of transactions that can fit into each block.It will also keep transaction fees very low – and thus ensure the BCH network has capacity to operate efficiently as usage continues to increase as the global peer-to-peer electronic cash. After this May 2018 upgrade, expect more steps toward massive on-chain scaling of the Bitcoin Cash network. We envision a future with massive block of 1 gigabyte (1000 MBs), and even 1 terabyte (1 million MBs), to achieve a powerful BCH data network that will re-invent how global business is done.”

Reinstating previously deactivated OP_Codes from the original code of Bitcoin, according to Nguyen, has huge implications for Bitcoin Cash as it unleashes smart contract and tokenisation capabilities that would bring Bitcoin Cash on the forefront of the industry.

“The second key upgrade is restoring certain OP_codes that had been deactivated in the Bitcoin script language.  These OP_codes are being brought back to Bitcoin Cash to enable the ability for tokenisation and smart contract execution on the BCH network.  This will be a game-changer in the cryptocurrency space because it makes Bitcoin Cash the clear leader, with the ability to do all in one coin-efficient payments and advanced technical functions such as tokenisation and smart contracts – what many other coins and blockchains separately claim to do.  We at nChain and other groups have already been working on new tokenisation solutions to implement on Bitcoin Cash.”

The press release also states that the upgrades will enable Bitcoin Cash to do what Ethereum does.

“The restoring of certain OP_codes in the Bitcoin scripting language will bring advanced technical functionality to the Bitcoin Cash network. In computing, operating codes are the section of automated language which dictates what operation must be performed. The restored OP_codes will enable tokenisation and smart contracts to be executed on the BCH blockchain.  More advanced functions will be possible with future upgrades to the Bitcoin Cash network.

Tokenisation – of financial instruments, assets, rewards, or for Initial Coin Offering (ICO) purposes – and the ability to make use of smart contracts, means that Bitcoin Cash can be used to do anything that other blockchains such as Ethereum, can do. Bitcoin Cash is already a superior payment system, because it is fast, low-fee and allows borderless transactions to anywhere in the world. With these additional technical capabilities, Bitcoin Cash can be the all-in-one coin.”

Given these improvements, Nguyen says it’s a win overall. “These changes will make BCH faster, stronger and more powerful. Win, win, win,” Nguyen says. Using a bit of wordplay, he adds: “Bigger blocks are the only way to make Bitcoin a viable payment option for daily transacting. That is why, here at nChain, we like big blocks and we cannot lie!”

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
London Bitcoin Cash (BCH) Conference 2018 recap

London Bitcoin Cash (BCH) Conference 2018 recap

The London BCH Conference took place on the eve of April 25th at the IDEALondon, a trendy venue in the heart of the city. From 6pm until 10pm, dozens of excited BCH enthusiasts, users, merchants and other professionals came together to network, learn and nurture the local BCH community.

“The energy is amazing!” Alex Fauvel of Cyber Capital told CoinGeek.com.

“I came to the first Bitcoin Cash Meetup in London I think in November, just after the fork- about 30 people in a small pub- and its grown to be an actual conference with proper speakers which is fantastic to see that growth rate in such a short period of time,” he said.

Six speakers made up the conference agenda with four short presentations and one panel discussion, with networking breaks before, during and after.

The conference sessions were dedicated to growing the BCH ecosystem, including topics such as economics of crypto currencies, the importance of and how to generate merchant adoption, why BCH is the original Bitcoin, how BCH is being used for charity, regulatory challenges and more.

Fauvel, Cyber Capital’s Fundamental Analyst, spoke on the economy of cryptocurrency networks and after five years of research on cryptocurrencies, he has decided to stand behind BCH.

“When I first discovered crypto currencies in 2013, like everyone, I fell in love with Bitcoin and then it broke my heart and Ethereum was all the rage”, Fauvel shared.

“Something never really sat quite right with Ethereum to me, that’s probably partly because it was supposed to be built on Bitcoin. And then Bitcoin Cash happened,” he said.

“And to be honest, before the fork, I didn’t think a minority fork could survive, but then my understanding of the incentive mechanisms that drive miners to continue to mine developed, so that I realized they are not hostile. If they are hostile, the whole thing breaks down. But because [miners] are part of the system, they are never going to be hostile,” he added.

Ricardo Sancho, co-founder at Cryptartica, the company behind the conference’s organization and online shop selling BCH-branded merchandise for BCH, delivered a presentation on the importance of merchant adoption.

“I think that one of the most important things is to get both users and merchants on board. I think that at the end of the day the price is not the most important factor. I think its actually getting those merchants who have options for the users to spend and having the users actually wanting to spend that money,” he said.

“Making the money move around is what actually creates an economy and that’s what will actually get BCH off the ground and into a real cryptocurrency that can be used by everyone in the world,” he added.

The importance of education on Bitcoin Cash and how the technology behind it can improve our world was another popular topic of discussion throughout the conference.

“People tend to forget that one of the most important things is actually to educate people. They will not learn and they will not find out about Bitcoin Cash or any other cryptocurrency unless we put in that effort,” Sancho said.

“And it has to be us enthusiasts—us the first Bitcoin Cash users—to actually do that work, to go out there and educate people. Then let them find out by themselves how great this technology can be,” he said.

In addition to bringing the general public up to speed, regulators around the world must be educated on cryptocurrencies and blockchain otherwise we’ll start to see more and more clampdowns due to misunderstanding.

Panelist Mohit Lalvani is from India and after working in the crypto industry for six years, the Reserve Bank of India (RBI) decided to prohibit any association with crytpocurrencies. Being an RBI-regulated Payment System Operator in the crypto space, Lalvani’s plans have been disrupted, to say the least.

“So clearly what’s happened is there is a lack of education and I believe its actually down to incompetence. These guys are completely incompetent to understand how crypto currencies work,” Lalvani told CoinGeek.com.

“They come from a Central Bank mindset where they print money and clearly [crypto currencies are] something that they just don’t understand. And so I think that’s very important for the whole world and regulators across the world to start understanding how this technology works,” he added.

According to Lalvani, its all down to education and its up to us as an industry to invite regulators and government officials to our events so they can learn about all the wonderful ways BCH and its blockchain can improve daily life, globally.

One of the highlights from the evening was James Howells’ presentation on why BCH is the true Bitcoin and the story behind his loss of a hard drive containing 7,500 Bitcoins (!!!) from his mining days back in 2009. Since Howells has been involved from the very beginning, his perspective on the progression of Bitcoin (and other cryptocurrencies) over the past nine years is crystal clear.

“In terms of technology, we have gone backwards, not forwards,” Howells told CoinGeek.com.

“The Bitcoin Cash chain represents the version of Bitcoin that I used to use in the old days. In the end of 2017—everybody knows about the price increase—but at the same time, [BTC] fees were increasing rapidly. In the past week, the Bitcoin Cash network has experienced its own spike in price, the different being when Bitcoin Cash spikes in price, the fees don’t spike with it. That is the real Bitcoin that I used back in 2009 and is the real Bitcoin that many other early adopters have also backed and use,” Howells said.

In an effort to help move technology forward again and to “re-build” the ecosystem, Howells has Founded “MiniPOS”, a piece of hardware allowing merchants to accept BCH in-store.

“MiniPOS basically started as an open source project between myself and three developers on Slack. We came across this software and we now refined it into an actual product which can be purchased by merchants in order to accept BCH in-store for goods and services with checkout times in 10 seconds or less,” he explained.

“There are absolutely zero private keys held on this device so there’s no chance of losing any funds by using this device. The actual store owners can leave the store, they can leave the cashier in charge and be safe in the knowledge that the funds that they have received will not be stolen,” he added.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Markets slump again as BTC drops below $9

Markets slump again as BTC drops below $9,000

After a relatively quiet morning in which only EOS experienced steep losses, the cryptocurrency markets experienced a considerable downturn on Monday evening and Tuesday morning. All major currencies were down with BTC experiencing another drop to below the $9,000 mark after having briefly flirted with $9,500 over the weekend. This had a corresponding negative effect on all major cryptocurrencies, which experienced drops in the values by around 5-10% in some cases.

Bitcoin Cash was down by around 6% after having superseded the $1,400 mark on Monday—it fell to below the $1,300 mark on Tuesday morning and was looking to drop deeper as selling pressure took hold. Ethereum also experienced a slight loss although this was not very marked and was trading at around $650 on Tuesday morning, with those levels appeared to be well supported. Its sister currency Ethereum Classic was also slightly down but had recovered considerably from its earlier lows in the past days, so was still well supported at the $21 mark.

Ripple had another disappointing day and lost the psychologically significant $0.80 level by dropping below that slightly to $0.79. The cryptocurrency had been playing around at the mid $0.85-0.90 levels, but Monday evening saw a steep drop of over 6% which was above the market movement. There appears to be good support in the $0.70-0.75 levels however, so there should not be cause for panic on investor’s part. Litecoin dipped well below the $150 mark on low volumes and there appears to be little appetite for a push in this currency at least for this week.

Of the currencies with smaller market caps, it was a mixed bag. EOS lost most of the gains it made over the weekend, dipping by around 16% as selling pressure took place although that was anticipated. NEO also lost some of the gains it made on Sunday and was down by about 10% overall at around $80. Stellar Lumens was perhaps the currency which held its own the best, with only a 3% drop and was trading at $0.42 at press time. Dash appeared to be losing support at the $480-490 level and was down by around 5% overall trading at $450 with a push towards the $50 mark appearing rather remote, at least for the next 24-48 hours.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Bitcoin Cash-powered Ayr United secures return to Scottish Championship

Bitcoin Cash-powered Ayr United secures return to Scottish Championship

Bitcoin Cash (BCH), the only true bitcoin and the world’s only functional cryptocurrency, is set to make its debut at the Scottish Championship, courtesy of Ayr United.

Ayr United secured its return to the Scottish Championship on Saturday, after beating Albion Rovers 2-0 to clinch a dramatic Scottish League One title glory. Their win against Albion Rovers helped them overtake the league’s frontrunner Raith Rovers, who was leading by a point before the weekend Somerset Park football showdown. Raith, for its part, bungled their last assignment after they were reduced to a 0-0 draw against Alloa Athletic.

Keeping ‘abreast’ with changing currency market

Ayr United recently ended its seven-year association with online bookmaker Bodog, with CoinGeek.com taking over the shirt branding of the football club.

Starting next season, Ayr United players will don the shirt bearing the name Bitcoin Cash, the true remaining Bitcoin as envisioned by the Satoshi Nakamoto white paper. This is considered to be a historic event asit’s the league’s first shirt sponsorship deal paid in Bitcoin BCH—the first public blockchain to sponsor a sporting club.

“We were initially approached to see whether we could accept sponsorship payment in BCH. It was a big learning curve for us but we are very happy to be the first club to accept not just payment by BCH but also to promote the cryptocurrency to a wider audience,” Ayr United’s Commercial Director Graeme Miller said in a statement.

The newly crowned Scottish League One champions has already unveiled their new kit for next season, much to the delight of their fans. Needless to say, the ever-controversial launch of the new kits—featuring models in body paint—gained media attention worldwide.

For The Scottish Sun, the new Ayr United kit keeps fans “abreast” with the changing currency market, especially since the Honest Men have become the first Scottish side to be paid in Bitcoin BCH.The news was also featured in other UK-based websites such as The Daily Mail UKThe Daily Record UK and The Sun.

European news websites like Spor24AreanapoliSky Sports ItalySportsnieuws.nlBahisMedyaCanal3.mdItaly’s Premium Sport HD, and SportoweFakty all featured Ayr United’s newest kit.

HongKong-based news website Apple Daily, which has a large Chinese audience, also carried the Bitcoin BCH sponsorship news, noting that the Scottish Football Club made history (again) for tapping a male model to don the new kits for the first time.

Chinese websites Yahoo! Sports HongKong and World Gaming Information also featured Ayr’s kit launch. Other Asian news outlets that carried out the news included Bongda.comNetnews.Vn and Bamoi.com in Vietnam; as well as Liputan6.comWarkotalive.comSkanaa, and Viva Newstainment in Indonesia.

The news about the new Ayr United kit also reached Mexico through the news websites El Dictamen and Celebrity Rave, while Americans got a first look at the kit through news websites Football News HoundCapital Bay, and Cetusnews.com.

Long-time BCH advocate and CoinGeek.com owner Calvin Ayre hopes that the sponsorship of Ayr United with the use of BCH will encourage merchants to use the cryptocurrency as global payments system.

“I think it’s great for BCH that such boundaries and promotional ideas are being used to show merchants and consumers that BCH really is the only true bitcoin,” Ayre said.

Bitcoin BCH, with its very low transaction fees, is the best choice for both merchants and customers in a Bitcoin commerce (bCommerce) future.

At the inaugural CoinGeek.com Conference, which will take place at the Four Seasons Hotel in Hong Kong on May 18, the who’s who of the cryptocurrency community will discuss how merchants, including gambling operators, can harness the potential of Bitcoin Cash as a global payments system.

Find out how you can integrate blockchain into your business by registering for the CoinGeek.com conference today. Registration for the CoinGeek Conference is open with a 50% discount for those paying in BCH, but credit card payments are also welcome.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Beware of misleading software: Crypto criminals are stepping up their game

Beware of misleading software: Crypto criminals are stepping up their game

Some are just annoying, but some can inflict real damage.

Recently, an application on Google Play has been crossing quite a few users. The software, called “Bitcoin Cash TESTNET,” has nothing to do with Bitcoin Cash. It was also previously named “Bitcoin + Lightning Wallet,” and its recent name change is likely nothing but a deliberate attempt to troll users.

While this may be annoying, there are actually far worse applications currently lurking around in the space. Last year, users lost over $3.2 million to a bitcoin gold (BTG) wallet scam after inputting their private keys into the fake wallet, expecting to receive their BTG shortly after the October 25 fork. Several other scams did the same thing and it has been known that such cons are rampant particularly around the time of blockchain forks.

Phishing scam has also proven damaging, with fraudsters simply switching certain letters with another character that looks similar to resemble legitimate websites as closely as possible. Crypto criminals have also been progressing, going so far as to discreetly hack legitimate websites and replacing official wallet addresses and payment links to lead to their own wallets. This attack has been known to target ICO’s, and became widely infamous after CoinDash fell victim to it.

Some were even able to publish entire mobile applications on Google Play and the App Store dedicated to hoodwinking cryptocurrency enthusiasts, with several of them mimicking Poloniex.

According to a release by RiskIQ in January this year, an analysis of 18,408 apps across 20 app stores has uncovered 661 malicious cryptocurrency applications that were floating around official app stores, with 272 of them on Google Play. The applications steal money and personal data. Fabian Libeau, EMEA VP of RiskIQ, issued a warning to investors.

“We are seeing threat actors around the world exploiting what is already a hostile currency in a lawless digital world. Before handing over any cash or personal data, investors should carry out thorough research into the exchange and wallet apps they intend to use. By checking the developer’s name, user reviews and the number of app downloads, investors can measure the validity of an app and be more confident in their choice,” said Libeau.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.