The planned hard fork update seems to be painful for the Bitcoin Cash network, mainly because of the difficulties that it experienced processing transactions. According to the cryptocurrency exchange BitMEX, the difficulties are evident and present in the altcoin news after BitMEX tweeted them on May 15.
It all started when the Bitcoin Cash network began to experience issues while waiting the expected fork at block 582,680. At the time, there were issues with transactions and BitMEX said that the number of transactions per block was low – as low as 0 in the last 9 blocks starting at block 582,687.
“It appears as if there may be a problem with the Bitcoin Cash network hardfork upgrade, the number of txs per block is low (0 in the last 9 blocks, other than the coinbase txn). Our mempool has 1622 txs,” the tweet noted.
A few hours after that, there was a new update regarding the Bitcoin Cash network which stated:
“The last two blocks have started to include transactions again. It is possible miners have applied a patch and fixed the issue.”
New data from CoinDance was shared on many best cryptocurrency news sites, showing that the greatest number of blocks mined after the upgrade were only processing transactions on Coinbase. The Bitcoin Cash network’s mempool, according to BitMEX, had 1,622 transactions. After many comments from the community regarding empty blocks, the developers have apparently released a patch to fix the bug.
In April this year, we reported that Bitcoin SV – which is the result of a hard fork of Bitcoin Cash last November – was struggling with its large block size after a series of block re-organizations. Aside from the current Bitcoin Cash network issues, BitMEX then explained that it detected two valid competing chains with a split occurring at block 578,639.
At the time, BitMEX’s node apparently followed the chain on the left until block 578,642 which leapt to the right. In about an hour, the chain jumped back to the left side and BitMEX noted that no double spending took place.
The latest cryptocurrency news show that besides this, Bitcoin Cash (BCH) is recording gains of 7% and is now trading at $413 with a market cap of $7.3 billion.
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“The acceptance of Block.one’s tender offer reflected a decision to rebalance the portfolio to maintain an appropriate level of diversification after the position increased due to its substantial outperformance relative to the remainder of the portfolio,” Novogratz then said.As the filing shows, Galaxy Digital Bank can attribute much of this loss to its principal investing and trading businesses, presumably due to the fact that November and December saw Bitcoin and many other coins falling to fresh lows, as the altcoin news showed. The filing notes that Galaxy Digital Bank is primarily founded by Novogratz's wealth, 20% of which is purportedly invested in Bitcoin and Ethereum. Even though the company lost $272.7 million in all of 2018, much of the losses were incurred as a result of sale of cryptocurrency. One Twitter analyst also went in detail on this. https://twitter.com/zhusu/status/1126394118093950983 However, this is not the end of Novogratz & co. The report revealed that as 2018 ended, Galaxy Digital Bank owned $350 million of assets, 50% of which constituted equity/stake in prominent industry startups. More importantly, Galaxy Digital announced the launch of another fund (rumored with hundreds of millions in funding) which will loan out capital to cryptocurrency firms - a business which has boomed during the 2018 bear market - as the latest cryptocurrency news show.
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“BSV doubled on Craig’s copyright news. This is only the start of him proving BSV is the only bitcoin. Now is a great time to convert all your other shite coins to Bitcoin.”However, as reported in the latest cryptocurrency news, the copyright does not entitle Craig Wright with any exclusive rights on Bitcoin. It seems as the big pockets are pouring and pumping the Bitcoin SV market to confirm the ‘’we-are-the-best’’ slogan. A massive 200 price surge is one of the reasons why traders should restrain themselves from buying the high or the lower lows. The Bitcoin SV (BSV) price corrected up to 53 percent before establishing a historic high at $195 on Huobi. The market bias is currently bullish and the majority of the technical indicators signal the strong buying sentiment. With the flawed fundamentals, a dump right now should not surprise the market.
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