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Bitcoin Cash News

Bitcoin Cash Is A ‘Wounded Animal’ Right Now: Analysts

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FO6E3842CAC44 - Bitcoin Cash Is A 'Wounded Animal' Right Now: Analysts

The coming altcoin news show Bitocin Cash (BCH) in the focus. According to analysts, Bitcoin Cash is a wounded animal because of its recent downs, but could still surge and post gains near 150%.

In times when there is only one mover and shaker in the world of cryptocurrencies and it is evident which one it is (Bitcoin), Bitcoin Cash is volatile and seen as one of the smaller siblings while the other altcoins remain in deep hibernation. In fact, there are no major updates in the recent altcoin news and BCH is one of the cryptocurrencies with gains in the past 24 hours.

Speaking of, Bitcoin Cash is now at $331 with gains of more than 1% on the day. What is interesting is that it started the weekend with a low of $308 and surged over 10% to hit an intraday high of $340 during the Sunday trading session. On Monday, we saw a major pullback which took BCH to around $330 which is still a good position – and one that is outperforming most of the other altcoins.

Bitcoin Cash is now at the fourth place once again, reclaiming the spot in terms of its market capitalization which is currently below $6 billion. According to the famous cryptocurrency trader DonAlt who is featured on many best cryptocurrency news sites for scouring the altcoin charts, BCH has big potential right now.

“Looks as if it wants to pull a BTC like run soon. As long as it can close through resistance (0.035) I’ll suspect BCH is going to retest blue (0.075) which would be + 150% from here,” he said on Twitter.

Nearly all of the altcoin pairs have a potential, however, since the Bitcoin dominance is still so high, Bitcoin Cash is among the altcoins with the most potential, BCH can register gains and on a shorter time frame will apparently test resistance, as a prominent CNBC trader with a handle ‘Big Cheds’ noted.

All in all, Bitcoin Cash is in our latest cryptocurrency news. Even though it is one of those controversial digital assets that often draws a lot of attention, it is also one of the main altcoins which deserves a place in the spotlight.

“BCH is a wounded, volatile animal. A year from now it will struggle to stay above $100. The project was DOA from day-1. 90% of its market cap is the product of manipulation that will be impossible to meaningfully sustain,” as described by the RT Anchor Max Keiser.

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Bitcoin Cash News

Bitcoin Cash Supporters Prepare For The Upcoming Upgrade Features

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The Bitcoin Cash supporters are now waiting for the latest upgrade of the network which will include new features to the blockchain as we are about to read in the latest Bitcoin cash news below.In four weeks, the Bitcoin cash network will add the component Schnorr support for the OP_Checkmultisig which will allow for a more complex mechanics to multi-signature transactions and all signature check-in operations will support the signatures. The upgrade will finalize the BIP62 malleability vector by enforcing Minimaldatain the script or as it is known as the ‘’Minimaldata’’ rule. The new upgrade aims to make most of the transactions on the Bitcoin Cash network non-malleable.The bitcoin cash supporters and developers are now preparing to upgrade the network protocol and the upgrade is expected on November 15th. The community seems excited about the two new enhancements that will come to the BCH chain. The last upgrade saw the SegWit recovery and the very basics of Schnorr signatures added to the chain. This time around, the developers are adding two more features to the protocol. The  Bitcoin ABC development team published a notice that informs the people that the latest upgrade is now locked-in. The features that go into every protocol upgrade are planned and developed far in advance just to give Bitcoin Cash supporters some time to prepare:
‘’The goal of Bitcoin ABC is to help create sound money that is used globally in order to drive freedom and prosperity for everyone. Bitcoin ABC continues to be a driving force in executing the roadmap for Bitcoin Cash.’’
The upgrades extend the support to OP_Checkmultisigand after this upgrade, all of the signature checking operations will support Schnorr signatures. The software engineer Mark Lundeberg explained that the developers did a successful preliminary test of bringing the signatures to the platform based on these specs. Additionally, the Bitcoin Cash supporters are looking forward to the enforced Minimaldata in script application the BCHchain. The addition has excited a lot of proponents as we can see in the altcoin news, and the completion of the malleability fix unlocks another ability for Canonical Transaction Ordering. The upgrade will enable the SPV wallets to know whether or not a particular transaction was mined in a particular block.
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Bitcoin Cash News

Struggle Continues With BCH, LTC and XLM Showing Weak Signals

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The market struggle continues today, initiated by Bitcoin's constant up-and-down moments which make the total crypto market cap face a strong resistance near the $218 billion and $220 billion levels.As we can see in the altcoin news today, the Litecoin (LTC) price is still trading well below the main $60 resistance area, while the Bitcoin Cash (BCH) price is correcting gains and could test the $220 support line.Stellar (XLM) is above the $0.06 support area, and the EOS coin news indicate that the cryptocurrency recently failed to surpass the $3.250 resistance and is right now declining towards $3.050.In our Bitcoin Cash news, it is noticeable that the BCH price faces resistance as we speak and is somewhere near the $235 and $240 levels in that manner.The BCH/USD pair is correcting lower towards the $225 level now and it seems like the price could also test the $220 support area in the near term. The struggle continues as the main supports on the downside are near the $205 level. On the upside, it is evident that a clear break above $240 is needed for more gains towards the $250 and $265 levels.On the other hand, the Litecoin news now show that LTC recovered above the $55 level and struggled to gain momentum above $58.50, remaining well below the key $60 resistance area. The price is currently correcting lower and may soon test the $55 support area.EOS is part of the weak coins as the struggle continues. After it climbed higher recently and tested the $3.25 resistance area, the sellers appeared and brought the coin back to the $3.20 level. If there are more downsides soon, the price could test the $3.05 support area in the near term.Stellar (XLM) meanwhile climbed higher positively above the $0.0620 level. The Stellar Lumens news are actually the only bright side right now and it seems like the price could test higher levels soon.When looking at the total cryptocurrency market cap in the daily and weekly charts, we can see that the struggle continues. The total crypto market cap is facing strong resistance near the $218 and $220 billion levels - and the 100 SMA is also acting as crucial resistance point. A clear break above the $220 billion resistance and close above the 100 SMA is right now needed for an upside acceleration in the short term.
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Bitcoin Cash News

Destinia Launches Crypto Payments In Five Cryptocurrencies

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maxresdefault 1 - Destinia Launches Crypto Payments In Five Cryptocurrencies
The online travel agency from Spain has recently expanded its payment methods and added a lot of new possibilities in the form of cryptocurrencies. Destinia launches crypto payments in five cryptocurrencies available to all users in Spain. The firm has been known and featured in the crypto news before for allowing purchases through Bitcoin.However, the company now introduced five other crypto options, including payments in Bitcoin Cash (BCH), Eos (EOS), Ethereum (ETH), Litecoin (LTC) and Dash (DASH). As the company explained in a statement, the new features began testing in July through a payment pltform which included these cryptocurrency wallets. The system is currently fully operational and users can select the visualization of their crypto services online - or make the purchase using any of the six virtual currencies.The ETH news show that Spaniards could now use Ethereum besides Bitcoin to book travel deals on Destinia. For those of you who don't know, the travel agency has been accepting payments in Bitcoin from January 2014 and is one of the pioneers of cryptocurrency payments in the country.Now that Destinia launches crypto payments, the company prides itself in being the first European online travel agency to accept BTC payments (as they say). They have been featured in the Bitcoin news updates for some time and were established as a pro-Bitcoin medium. According to their reports, around 7.23% of its customers selected Bitcoin back in 2018 to book travel services.All of this signifies the importance of crypto payments in Spain. The incorporation of cryptocurrencies, according to Destinia, aligns with its strategic plan in relation to its technological development - which places the firm at the service of the user's needs.Besides cryptocurrencies, one can book travel deals on Destinia through PayPal, Amazon Pay, immediate financing with Aplázame or the Bizum mobile application. Cristina Verdi, who is responsible for payment and treasury methods at the firm, commented as Destinia launches crypto payments and said that with this latest update, "users can use different wallets to finalize their purchase and select the cryptocurrencies they prefer."All of this helps the company "obtain a fast, simple and secure process which is fundamental for the eCommerce user nowadays," Verdi concluded.  
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Bitcoin Cash News

Bitcoin Cash Activity Slumps: Empty Blocks-Less Transactions

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Bitcoin Cash Activity seems to be going down since it only carries a few transactions per day, more specifically ten times lower than BTC. As per the latest news on altcoin, we can see that the altcoin has almost empty blocks which are a reason why the transaction volume is low as well.At some points, the entire Bitcoin cash activity slumps and the asset counts even fewer transactions than Litecoin and Dogecoin. When tests or dust attacks don’t happen often, the network is relatively idle. The low transaction activity is even more ridiculous as Bitcoin Cash aims at on-chain scaling by the increasing block size and the potential for the huge blocks means that there is a hard propagation among the nodes. Some of the blocks depart empty of transactions and others only carry up to five transactions.The blocks are usually able to carry up to 100-200 transactions and this could be the reason why a block has left mostly empty since the miners have reserved the block for the high-gee transactions. Over the years, the Bitcoin Cash network mined blocks that could only contain a single transaction for the block reward. Recently it was brought to the daylight that only Bitcoin and Ethereum networks see some significant daily gains from the fees. The dollar value of the fees reached $200,000 per day and some of the other networks had much lower rewards from the fees mostly because of the limited usage and no urgent transactions.The Bitcoin Cash network almost never gets congested as the current load remains low. In the future, most of the proof-of-work blockchains will earn more from the transaction fees than from the block rewards. If no one uses the network, the miners will have to decide to move away from their expensive equipment. In the past, the bitcoin cash network was ‘’strip-mined’’ which means there were very fast blocks which gained rewards during favorable periods. This is also one of the reasons why there are now 18,025,813 BCH generated.  The transaction counts are uneven and usually, these transactions will grow upon the extraordinary events such as the protocols that use the network without generating economic value.The cryptocurrency news today has shown us that BCH’s price also shows weakness and shed more than 31 percent of its price in the past week. BCH traded at $219.
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