Trade Satoshi and Bitstamp to launch BCH

Trade Satoshi exchange has added Bitcoin Cash markets and Bitstamp exchange will launch Bitcoin Cash trading

14 November 2017 1706

Bitcoin Cash had several quite impressive days full of price fluctuations following the suspension of BTC hardfork SegWit2x, rising up unexpectedly, showing crazy gains and losts and even moving to the 2nd place in Coinmarketcap ranking for some time. It seems like BCH currency is gaining more and more popularity as more world-wide known exchanges are adding it to the markets.

On November 13, Bitcoin Cash made an announcement in the official twitter account that Bitstamp, Europe’s only regulated crypto exchange, and one of the oldest as well as biggest bitcoin exchanges, is going to offer Bitcoin Cash trading to the customers within weeks, namely in late November or early December.

Europe’s only regulated crypto exchange, and one of the oldest as well as biggest bitcoin exchange, is to launch Bitcoin Cash trading within weeks.

Read more: https://t.co/epCvtFVk4f pic.twitter.com/0pwlCy4K2h

— Bitcoin Cash (@BITCOlNCASH) 13 ноября 2017 г.

In the beginning of August, Bitstamp launched Ethereum and it is worth mentioning that initially Bitstamp was making plans to add support for Bitcoin Cash by the end of September 2017.

What is more, November 14 is marked by the announcement of UK-based trading platform for Bitcoin and altcoins Trade Satoshi which has added Bitcoin Cash markets.

Trade: https://t.co/eq94KIjN23 pic.twitter.com/EMH6KpGxuH

— Bitcoin Cash (@BITCOlNCASH) 13 ноября 2017 г.

Additionally, australian Living Room of Satoshi was the first major company which started letting its users pay bills with Bitcoin Cash in August 2017.

Bitcoin Cash network has been upgraded on November 13 with the fork which is aimed at improving the existing complexity algorithm and assumes, among other things, a predictable time for confirming transactions on the network.

By the time of the fork, the BCH rate had risen to $ 1436, and at the press-time Bitcoin Cash is traded at the price of $1246 and has a market capitalisation of $20,9 billion.

Mining Bitcoin Cash Blockchain

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 175

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

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.