Wirex will support Bitcoin Cash

Wirex banking platform announced its support for Bitcoin Cash cryptocurrency
20 November 2017   2301

Wirex, a cloud-based headquartered in London personal banking platform that offers Bitcoin debit cards, remittances, and mobile banking, made an announcement on November 18 stating that it will support Bitcoin Cash. The same was described in the official twitter account of the currency itself.

As it was stated in the announcement, the development team has invested significant time in understanding technical implications and now they were given the green light in the development of the Bitcoin Cash Wallet.

Our top priority is the security of our customers’ funds, so we needed to ensure we could support this safely and securely on our network before saying anything.

Wirex Team

The users who had Bitcoin in their Wirex wallet during the Bitcoin Cash fork are claimed to receive the equivalent amount of Bitcoin Cash which will be credited into Bitcoin Cash Wallet once it will be released. The release of the wallet will follow the Dash Wallet integration which was also announced in the beginning of October 2017.

Currently Wirex allows users to link Bitcoin Wallets to Visa and MasterCard debit cards in up to three fiat denominations.

At the time of press Bitcoin Cash has a price of $1198, market capitalisation of $20 billion and 24h Volume of $1,3 billion.

GMO Internet to Report on BTC Mining Increase

Additionally GMO completely stopped mining Bitcoin Cash; in November 2017, it mined 400 BCH coins
09 January 2019   259

Japanese IT giant GMO Internet Group has published a report, which reported an increase in the number of BTC companies.

The company also confirmed information about the termination of the production of its own equipment due to significant financial losses. In addition, GMO confirmed plans to transfer mining capacities to regions with cheap energy prices and the possibility of switching to alternative energy sources.

During last December GMO mined 960 BTC. This is almost a third more than in November 2018. Also, this indicator is 45 times higher than the volume of extracted bitcoins during December 2017, when the company was just starting the mining business.

On the other hand, GMO completely stopped mining Bitcoin Cash (BCH). Note that in November 2017, the company mined 400 coins of this fork of Bitcoin.

Last December, the GMO mining hashrate was 670 PH / s, which is 30 times more than a year ago.

The company also announced that it will now provide reports quarterly.