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Posts Tagged ‘Cash’

Could China’s War on Cash Herald a New Global Crypto Revolution?

There are no mixed signals with regards to blockchain and crypto coming from China at the moment. The People’s Republic is full steam ahead on distributed ledger technology as it prepares to ready its population for its own central bank crypto currency. A Chinese war on cash could be the start of a global crypto…

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Bitcoin Cash Hard Fork Sees Miners ‘Waste’ Money on 14 Invalid Blocks

Bitcoin Cash (BCH) miners appear to have wasted money mining 14 blocks on the wrong chain after the altcoin underwent a hard fork.  According to data from monitoring resource Fork Monitor on Nov. 15, Bitcoin Cash, which itself forked off from Bitcoin (BTC) in 2017, successfully split in two once again on Friday. BitMEX: Miners…

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As Bitcoin Cash Hard Forks, Unknown Mining Pool Continues Old Chain

A rogue chain has developed during a planned bitcoin cash hard fork, as an unknown mining pool failed to update to the new chain’s software. The on-going chain battle, which should be resolved by bitcoin cash’s internal rules, gives an insider look into how proof-of-work (PoW) consensus mechanisms operate. The hard fork occurred on Friday…

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Malaysia to Impose Cash Transaction Limit of $6K in 2020: Report

Malaysia is planning to impose a $6,000 limit on cash transactions in 2020, according to a deputy governor at the country’s central bank. The new restrictions aim to prevent the use of cash in illicit activities, and won’t affect regulated financial institutions or other entities transacting for humanitarian aid purposes. The average Malaysian household spends…

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Bitcoin Usage May Spike Following Cash Restrictions in Malaysia

Malaysia is set to become the latest country to impose restrictions on cash transactions. The move could force more people to look towards bitcoin and crypto adoption in general as a way of getting around such limitations. Cash Restrictions May Boost Bitcoin Adoption The Malaysian government plans to impose restrictions on cash transactions reports local…

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Square’s Cash App Now Charging Fees for Bitcoin Purchases

Update (Nov. 6, 22:11 UTC): Square confirmed that Cash App is rolling out a new fee structure for bitcoin purchases. Previously, the fees were baked into the spread. The article has been updated. Jack Dorsey may “love” bitcoin but it looks like Square needs a better margin on it regardless. Square’s Cash App has started charging…

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Genesis Clocks Quarterly Surge in Cash and Stablecoin Lending

Genesis Capital saw another jump in cash and stablecoin lending this quarter. The lending arm of the over-the-counter trading subsidiary of Digital Currency Group (DCG) published its latest “Digital Asset Lending Snapshot” on Wednesday, noting that the surge in cash lending was significant enough to shift the firm’s $450 million lending book. For the first time this year,…

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Bitcoin Cash (BCH) Halving Will Be ‘Catastrophic’

The Bitcoin Cash (BCH) halving arrives in roughly 161 days, a slightly shorter term than Bitcoin’s halving date. Dan Held from Kraken expects the event to spell doom for the BCH network.  Bitcoin Cash Halving Arrives Ahead of Schedule While the halving is seen as a period of favorable price action for BTC. However in…

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Are Miners Losing Interest In Bitcoin Cash?

Miners seem to be ditching Bitcoin Cash in droves, as hash rates continue to underperform. This has led to serious concerns as to the security of the network. Bitcoin Cash Hash Rate 0.1% Of Bitcoin Whilst BTC hash rates have climbed to record highs (even as markets have been going down), BCH power has languished. Bitcoin…

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Zimbabwe Bans Mobile Cash And Forex But Bitcoin Remains Unknown

Bitcoin proponents are raising awareness of fiat currency alternatives for Zimbabweans after the country’s central bank suddenly banned a popular payment option. Central Bank Halts Mobile Cash Overnight As local news outlet TechZim reported on September 30, the Reserve Bank of Zimbabwe (RBZ) has shut down so-called cash-in, cash-out transactions.  Ubiquitous in Zimbabwe, cash-in, cash-out…

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