Archive | August 1

BCH Roundup: Steady Development, Market Uptrends, and New Apps

The anniversary of the blockchain split that took place on August 1, 2017 is just two weeks away. Over the past few months Bitcoin Cash (BCH) infrastructure support and development has been exponential, while BCH proponents have also seen a bunch more announcements during the second week of July. Also read: Have You Tried Blockchain 5.0 […]

A BCH Fueled Version of Patreon is Coming This August

Just recently a team of programmers announced the creation of a ‘Bitreon.cash,’ a platform that aims to be similar to the popular membership application, Patreon. This particular platform, however, will be censorship resistant and powered by bitcoin cash (BCH) payments. In order to fund the protocol, two developers have raised 47 BCH so far out of […]

Upgrade Time: Bitcoin Cash 32MB Fork Activates Tuesday

In less than a week on May 15, the Bitcoin Cash (BCH) network will be upgrading the base block size from 8MB to 32MB, as well as re-enabling and adding some OP_Codes to the codebase. With just days left there are a few things BCH holders and full node operators should know before the upgrade […]

XBT Provider Unveils Distribution Plan After Selling 44,471 Bitcoin Cash Coins

XBT Provider has announced its plans to distribute the proceeds from the sale of 44,471 bitcoin cash to eligible holders of its exchange-traded notes (ETNs). Also read: Bitcoin ETN Crosses $100 Million After Unprecedented Demand From Investors, Partners With Xapo XBT Provider’s Bitcoin Cash The Swedish-domicile issuer of bitcoin and ether ETNs, XBT Provider, announced on […]

Localbitcoins Compensates Users by Selling Bitcoin Cash for BTC

Over the past few weeks, many Bitcoin Cash (BCH) supporters wondered when the peer-to-peer trading platform Localbitcoins would release BCH funds to users who left bitcoin on the exchange before the August 1 split. On September 25 the organization revealed it sold the BCH funds and will be compensating users in bitcoin. Also read: U.S. Regulators […]

Coinbase Reverses – Plans to Allow Bitcoin Cash Withdrawals in January 2018

Bitcoin exchange Coinbase has reversed its decision to support bitcoin cash. The company now plans to allow customers to withdraw their new cryptocurrency by January 1, 2018. Also read: Coinbase Customers Could Instigate Class Action Lawsuit Over Bitcoin Cash Coinbase on Thursday announced a change of plans regarding its support for bitcoin cash (BCC, BCH), the […]

Fork Watch: Japanese Exchanges Embracing Bitcoin Cash Post-Fork

As Bitcoin Cash (BCC, BCH) blocks are being mined, all major Japanese exchanges are gearing up to credit their customers with the new cryptocurrency. A growing number of exchanges have already set a date to start trading Bitcoin Cash, while others are still in the planning stage. Also read: How Japanese Exchanges Prepares to Deal with […]

Coinbase Customers Suffer from Delays as Withdrawal Period Ends

Over the past few days the bitcoin platform Coinbase has been experiencing some significant withdrawal backlog from customers trying to move their bitcoins in order to obtain bitcoin cash (BCC) after a possible network fork. Since the company stated it would not support the BCC blockchain, and associated token many customers have been scrambling to […]

Fork Watch: Indian Bitcoin Exchanges Will Not Support ‘Bitcoin Cash’

India’s top bitcoin exchanges have announced that they are either not supporting or have not planned to support “Bitcoin Cash,” the new cryptocurrency that is expected to result from a user-activated hard fork (UAHF) on August 1. The exchanges have also announced that they will be suspending bitcoin deposits and withdrawals during that time. Also […]

Fork Watch: Korean Bitcoin Exchanges Divided on ‘Bitcoin Cash’

Bitcoin exchanges in South Korea have been preparing for the planned user-activated hard fork (UAHF) on August 1. Some have announced their support for Bitcoin Cash (BCC), the new cryptocurrency that is expected to result from the event, while others have not yet decided. Also read: South Korea Legalizes Bitcoin International Transfers, Challenging Traditional Banks The […]

Fork Watch: JP Powerhouse Coincheck Now Unlikely to Suspend Bitcoin Payments

Currently, over 5,000 Japanese stores and restaurants use Coincheck Payment service to accept bitcoin payments. The bitcoin exchange previously announced that it would suspend this service on August 1. However, on Thursday, the company said it will no longer suspend this service, so merchants can keep accepting bitcoin payments, with a few restrictions. Also read: Thousands […]

Bitpay Will Not Suspend Services — ‘Very Little Risk of Network Disruption on August 1st’

On July 27 the world’s largest bitcoin payment processor, Bitpay, announced its plans for August 1st. According to the company, there is a lot of “misinformation” concerning updating Bitcoin’s consensus rules and the firm does not plan to suspend services that day.   Also read: Fork Watch: These Bitcoin Exchanges Will Not Support ‘Bitcoin Cash’ Bitpay Thinks […]

How Japanese Exchanges Prepare to Deal With Forked `Bitcoin Cash´

The Japan Cryptocurrency Business Association has issued an announcement regarding Bitcoin Cash (BCC), which it expects to result from a planned hard fork on August 1. Some of its 13 bitcoin exchange members have already issued preliminary notices detailing how they will deal with the upcoming cryptocurrency. Also read: Viabtc Launching Bitcoin Cash Token and […]

Japanese Exchanges to Suspend Services on Sunday

The Japan Cryptocurrency Business Association has announced its plans in response to the BIP91 lock-in. Thirteen Japanese bitcoin exchanges are now prepared to halt bitcoin deposits and withdrawals earlier than the original date of August 1. Also read: 13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1 Responding to BIP91 Lock-In The Japan […]

Thousands of Japanese Stores May Suspend Bitcoin Payments on August 1

Over 5,000 retail stores and restaurants across Japan that currently accept bitcoin payments may suspend bitcoin use in their stores on August 1 if their bitcoin payment processors halt services. Also read: 13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1 Retail Stores May Suspend Bitcoin Payments Ever since the Japanese government started […]