A hard fork has taken place on the Bitcoin Cash network, resulting in the creation of two separate coins: Bitcoin ABC (BCHABC) and Bitcoin SV (BCHSV).
Bitcoin Cash (BCH), the fourth largest cryptocurrency in terms of market cap, is trading well over $540 on the majority of exchanges on Sunday, November 4, having increased by almost 15% over the past 24 hours, and by more than 24% over the 7 day streak.
Cryptocurrency wallet provider Bitcoin(.)com plans to buy or develop its own exchange, its CEO Roger Ver said in an interview with Bloomberg.
As the world’s largest cryptocurrency mining company Bitmain Technologies is filing for an initial public offering (IPO) hoping to raise $18 billion on the Hong Kong Stock Exchange at a market capitalization of $40 to $50 billion, observers are already sending potential red flags to the investors.
Recalling some of the last year’s events, Erik Voorhees says the community is already deeply split and, unfortunately, there were no winners in the stand-off between the Bitcoin Core and Bitcoin Cash proponents.