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Bitcoin Cash [BCH] becomes biggest gainer in the top 20 club with 11% growth; multiple support announced for hard fork

Akash Anand

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Bitcoin Cash [BCH] becomes biggest gainer in the top 20 club with 11% growth; multiple support announced for hard fork
Source: Unsplash

The cryptocurrency market has been undergoing a roller coaster ride with some coins seeing green with others still reeling under the impact of the bear. Bitcoin Cash [BCH] which has been on an upsurge for the past twenty-four hours has not stopped its bullish march.

At press time, Bitcoin Cash [BCH] was rising at the rate of 11.25% and was trading for $473.3. The cryptocurrency held a total market cap of $8.25 billion with a 24-hour market volume of $593.95 million.

A majority of the cryptocurrency’s market volume was held by OKEx which had a grasp on $59.562 million of the total trade. OKEx was closely followed by DigiFinex, with a hold on $48.974 million of all the BCH trade.



Bitcoin Cash’s upsurge has come on the back of several updates and developmental announcements. On November 3, Coinbase, a popular cryptocurrency exchange, announced its support towards the upcoming Bitcoin Cash hard fork. The hard fork which is stipulated to occur on November 15 has created quite the ripple in the cryptocurrency space. Coinbase announced:

“We will pause sends and receives on the BCH wallets at Coinbase.com, in our iOS and Android apps, and at Coinbase Pro and Prime beginning at 8:00AM PST on 11/15/2018 (approximately 1 hour before the fork). Please be sure all BCH sends and receives are completed prior to that time. During the pause, your BCH will remain safely at Coinbase.”

BCH run up towards the hard fork was also punctuated by Cobra’s support for a new implementation on the BCH blockchain. Cobra is famous in the cryptocurrency space for being the anonymous controller of the bitcoin.org website. Cobra stated:

“Bitcoin Cash as will be implemented by the Cobra Client is the real Bitcoin Cash. All other versions of Bitcoin Cash (ABC and nChain) are scams and go against community consensus by pushing controversial changes.”





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Bitcoin Cash’s [BCH] Roger Ver accuses Tone Vays of losing BCH vs BTC bet despite ‘cheating’

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Bitcoin Cash's [BCH] Roger Ver accuses Tone Vays of losing BCH vs BTC bet despite "cheating"
Source: Pixabay

Bitcoin [BTC] has often been reprimanded by the Bitcoin fork coin maximalist due to its scalability, block size, and mining fees, among other things. The debate surrounding the digital coins at the joint edition of CC Forum and Malta AI & Blockchain Summit witnessed an argument between BCH’s Roger Ver and Bitcoin maximalist Tone Vays.

The fork coin enthusiast and the CEO of Bitcoin.com, Roger Ver, argued that the transaction fee in case of BTC was $3, which made it extremely expensive. However, Tone Vays, a Bitcoin core personality, said that he used the king coin frequently and had never paid more than $1 as fees to settle payments. This led to the CEO asking Vays to pull out his wallet and send him $5 worth of BTC. Subsequently, Ver placed a bet of $10,000 for any charity of Vays’s choice if the latter was able to send $5 with a transaction fee of 5 cents in 24 hours.



Tone made a transaction on-stage and later posted a victory tweet:

Responding to the above tweet, the CEO accused Vays of cheating and losing the bet in a new video. Firstly, Ver noted that the transaction did not clear within the day and added that it took ten hours to get included in the block. Secondly, he explained that Tone’s transaction was the “highest priority” [higher the transaction fee, higher the priority] in the entire ecosystem and was prompted by Slush Pool’s insertion. He said,

“I don’t know if Tone asked Slush, I don’t know if somebody else asked Slush, I don’t know if Slush did on its own. Maybe slush has a transaction accelerator thing where you can pay with a credit card to include your Bitcoin transactions in the block but anyhow Tone is the highest priority transaction in the entire block.”





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