The cryptosphere is abuzz with news about the industry as popular analysts and personalities are predicting a rising usage of cryptocurrencies in 2019. The latest proponent to talk about the current cryptocurrency scenario is Roger Ver, the Chief Executive Officer of Bitcoin.com.
In a recent video by Naomi Brockwell, a YouTuber, Ver talked about the community attacking the ABC camp and the future of Bitcoin Cash [BCH] and its rival Bitcoin SV [BSV]. The CEO stated that there were a lot of people in the industry that had different priorities and wanted to see cryptocurrencies imbibe other characteristics. Ver was confident in stating that there was a targeted attack against Bitcoin Cash and a majority of the perpetrators were from BTC supporters.
The discussion then veered into the variety of ways Bitcoin Cash was implemented by different people, even quoting the example of the handcash.io address that was used to feed a group of chickens. The project had garnered so much popularity that even Brian Armstrong, the Founder and CEO of Coinbase pitched in. Roger Ver also added that Bitcoin Cash wants to implement a new way to make sure money can be used easily.
The Bitcoin.com official stated that the cryptocurrency industry needs a mix of better technology that lessens friction and creates more awareness. In his words:
“We need a form of currency that does not charge anyone $50 after every transaction. The idea of economic freedom is something that we all look out for and that is exactly what Bitcoin Cash is trying to do.”
The Bitcoin Cash proponent touched upon Bitcoin SV and how the SV camp has only one entity mining which according to him is pointless. Roger Ver said:
“We build financial tools that enables people to transfer and receive any amount of money from across the planet. There is nothing that anyone can do to stop us.”
Ver was also in the news recently when he directly attacked the Charlie Lee founded Litecoin [LTC] and called it pointless. He had also said:
“Everyone should know that there is no threat on the Bitcoin Cash network now. With OKEx relisting Bitcoin Cash with the ticker symbol BCH, people in the crypto space should realize that Bitcoin Cash is one of the few currencies that will bring financial freedom to everyone.”
75916|Bitcoin [BTC] and Bitcoin Cash [BCH] to be accepted as payment options by global technology solutions provider
Avent, a leading global technology solutions provider, announced that they would be accepting Bitcoin [BTC] and Bitcoin Cash [BCH] for their goods and services, as a mode of payment on their platform. The news comes after Switzerland’s largest e-commerce company, Digitec-Galaxus AG, announced the acceptance of Bitcoin, Ethereum [ETH], XRP and a few other altcoins for payments.
Like most platforms, Avent is enabling Bitcoin payments via BitPay, the largest Bitcoin payments service provider. Sunny Trinh, the Vice President of Demand Creation at Avent said,
“We’re working with BitPay to facilitate secure blockchain payments for all types of customers so they can focus on developing their products, not how to pay for them. Whether it’s Bitcoin or Bitcoin Cash, we can handle it”
The blog post stated that developers were “looking for flexibility,” when launching products in the market. It added that this particular announcement would give their customers “more convenient” options to complete their transactions.
The announcement further stated that when a customer chooses to check-out with Bitcoin or Bitcoin Cash as their payment option, Avent and BitPay would collaborate on verifying the funds, processing their order and completing transactions. In the future, they will also be able to enable cryptocurrency payment requests outside of the United States, on a country to country basis.
Sonny Singh, COO of BitPay said,
“As one of the largest global technology solution providers on the Fortune 500 list, Avent is truly an innovative company that listens to the needs of their customers, as demonstrated by their decision to accept bitcoin payments.”
He further stated,
“Not only is paying with bitcoin easier and faster than with credit cards and bank wires, it is less expensive and acceptance of it is growing. I predict Avent will attract many new blockchain-focused customers from around the world that want to take advantage of paying with bitcoin.”
75844|Bitcoin Cash [BCH]: UnitedCorp files opposition to dismiss against Roger Ver, Bitmain and Kraken in hard fork fraud claims
The Bitcoin Cash [BCH] hard fork that occurred on November 15, 2018, captured multiple headlines with many marking it a major event in the field of cryptocurrencies. The hard fork is the one that resulted in the split of the BCH blockchain to give birth to two different cryptocurrencies: Bitcoin Cash [BCH] and Bitcoin SV [BSV].
The fork was dominated by two camps, the Bitcoin ABC team led by Roger Ver and Bitmain’s Jihan Wu while the Bitcoin SV was led by nChain’s Craig Wright and Calvin Ayre. Post the fork, Ver and Wu were both sued by United Corp, an American management company who claimed that the ABC camp including popular cryptocurrency exchange Kraken, had flouted rules and regulations to benefit from the fork. The initial lawsuit said:
“The defendants [Bitmain, Bitcoin.com, Roger Ver and Kraken] collectively engaged in unfair methods of competition and through a series of unconscionable, deceptive and unfair practices, manipulated the Bitcoin Cash network for their benefit and to the detriment of UnitedCorp and other Bitcoin Cash stakeholders.”
The lawsuit was refuted by the alleged parties, citing lack of evidence and bogus claims. Following this, UnitedCorp has filed a new opposition to dismiss in its lawsuit. The company challenged the defendants to explain their actions under oath and stated that they will pursue discovery by way of deposition or under subpoena of the defendants.
The latest lawsuit made it the first antitrust action brought in the United States that involves the cryptocurrency industry. The new release from the company said:
“Miami‐based United American Corp announced today that their legal counsel Akerman LLP has filed a Consolidated Opposition to Defendant’s Motions to Dismiss Complaint in its suit against Bitmain Group, Bitcoin.com, Roger Ver, Jihan Wu, Kraken, Jesse Powell, Amaury Sechet, Shammah Chancellor and Jason Cox (the “Defendants”). The opposition was filed after the Defendants filed a motion to dismiss the UnitedCorp action on February 1st 2019.”
UnitedCorp also specifically pointed out to Bitmain’s usage of the Overt ASICBoost as a method to enhance Bitcoin ABC’s version of the fork. The company further stated that the firmware was made available in advance of the last Bitcoin Cash update by Bitmain only to Bitcoin ABC-supported pools, which are operated by the Roger Ver owned Bitcoin.com. The lawsuit also added:
“UnitedCorp alleges that these activities are evidence of not only a violation of the accepted standards and protocols associated with Bitcoin since its inception, but a violation of US antitrust laws including parts of the Sherman Act.”
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