Bitstamp launches Bitcoin Cash

After a series of announcements one of the major cryptocurrency exchanges Bitstamp will finally officially launch Bitcoin Cash 
05 December 2017   2864

Bitstamp crypto exchange has been making announcements about launching the cryptocurrecny Bitcoin Cash during several months, at first stating that it will be added by the end of September of 2017, then making a new claim stating that BCH will be launched some time in December 2017. Finally, Bitstamp exchange made a decision and announced that Bitcoin Cash trading starts today, on December 5.

At the moment of press, these are main market parameters of Bitcoin Cash:

  • Average price: $1 578.91
  • Marketcap: $26 586 752 344  
  • 24h volume: $804 982 000

Two Mining Pools to Gain 50% of the BCH Hashrate

Media reports that Coingeek and BMG Pool are affilated with odious Australian entrepreneur Craig Wright
18 September 2018   249

The centralization of Bitcoin Cash mining has reached a new level after only two pools - Coingeek and BMG Pool - have established control over more than 50% of the total network hash. This is reported by Trustnodes.

Bitcoin Cash Mining Pools
Bitcoin Cash Mining Pools

Earlier today, there were also reports that at some points the aggregate capacity of both pools reached 58%.

While BMG Pool directly belongs to the odious Australian entrepreneur Craig Wright, the no less scandalous Calvin Ayre, who maintains close ties with Wright, is considered the nominal owner of Coingeek.

The current situation, the media believes, does not exclude the possibility of collusion of the 51% attack on the network. In particular, in this case there is a probability of double spend of coins, which, accordingly, will force the exchange to increase the number of required transaction confirmations.

At the same time, the current situation is likely to be a demonstration of power by Craig Wright on the eve of the November upgrade of the network. As a result of disagreements between different groups of developers, it is still possible that Bitcoin Cash, which at one time split from bitcoin, will itself be split into two separate chains.

Note that the Bitcoin Cash hashrate on the whole continues to remain at a fairly low level, accounting for less than 8% of the bitcoin.