Bitcoin Cash going upwards

Bitcoin Cash saw a series of optimistic events and a notable rise within past week growing by almost 40%
07 November 2017   1110

At the press time, Bitcoin Cash is on the 3rd place in the list of top cryptocurrencies with the highest market capitalisation. Bitcoin Cash currently follows Bitcoin and Ethereum having a $10 billion MarketCap, which is $3 billion more than it had only 6 days ago. During past week Bitcoin Cash was developing quite positively and eventually rose almost by 40% from $440 on November 1 to $620 on November 7.

Bitcoin Cash Charts November 2017 Bitcoin Cash Charts

On November 3 the cryptocurrencies market cap exceeded $200 billion and it was noticed that Bitcoin Cash rose by 87%. What is more, on November 1 Wikileaks Shop announced in twitter that it starts to accept Bitcoin Cash as a method of payment, notably rising awareness of the currency among users.

Also, Bitcoin Cash is in the centre of attention because its hard fork is due to come on November 13. According to Bitcoin entrepreneur Juan Garavaglia, Bitcoin Cash hard fork is only meant to upgrade the protocol.

It seems like the transformation and development of Bitcoin Cash as an independent cryptocurrency outside Bitcoin, lets it grow so fast. For instance, Bithumb, the second largest crypto exchange after Bitfinex, was making nearly $1 billion in Bitcoin Cash trades daily during the last month.

Bithumb Bitcoin Cash Graph November 2017Bithumb Bitcoin Cash Graph

Also, such a successful development of Bitcoin Cash may be linked to a fast-growing Bitcoin as any cryptocurrency directly connected with Bitcoin would benefit from the exposure of Bitcoin in media services and within financial industry.

Moreover, on November 6 the official account of Bitcoin Cash made an announcement that 21 of Los Angeles area bitcoin ATM locations of BitcoinPlug will be selling Bitcoin Cash from now on, which is also quite a positive piece of news.

Line to Launch Own Cryptoexchange

BitBox cryptocurrency exchange won't be available for US and Japanese citizens
28 June 2018   318

The developer of the Line instant messenger confirmed the information that it will launch a cryptocurrency exchange called BitBox next month. This is reported by TechCrunch.

In January, the company said that it plans to enter the cryptocurrency area with the launch of its own trading platform, but today it specified that BitBox will not be available to users from the US and Japan.

The new site will support 30 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin, and charge a commission of 0.1% for transactions. Line reported that it was taking tokens during the “an extensive screening process” which saw an internal commitment asses what on the market represents “the most reliable and safest trading for users.”

BitBox will be available worldwide, except for the two countries mentioned above, in 15 languages. New platform won't support fiat.

Every month, 200 million people use the Line Messenger. The possibilities of the service are not limited to the transmission of messages. It also allows to listen to music, send payments, etc. Most Line users live in Japan, so excluding Japanese traders will significantly limit the potential impact of BitBox.