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BCH vs BSV: One Month After The Hash Wars Ended - Global Coin Report
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BCH vs BSV: One Month After The Hash Wars Ended

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BCH vs BSV
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While most cryptocurrencies experienced massive losses throughout 2018, no one will soon forget the mid-November hard fork of BCH, which has given birth to BSV and has also pushed the entire crypto market into a completely new nosedive and created a BCH vs BSV rivalry. Now, over a month after the event, the market is still suffering consequences. However, many are interested in what did the hard fork manage to achieve, as well as what might await these coins in the future.

BCH vs BSV: A quick recap

As many already know, Bitcoin Cash (BCH), which itself came to be as a fork of Bitcoin, was scheduled to have a hard fork on November 15th. This was one of two hard forks that BCH is expected to have annually so that it can implement necessary upgrades and improve the blockchain. However, due to the difference in opinion within the BCH community, two sides eventually formed.

One was led by Bitcoin ABC, which wanted to bring its version of upgrades to BCH. The other was led by nChain’s Craig Wright, who believed that implementing said upgrades would change BCH and that it would no longer be what Bitcoin’s creator, Satoshi Nakamoto, envisioned when he created BTC a decade ago.

After months of debating, the two sides were unable to come to a consensus, and the hard fork resulted in the creation of two coins. Another problem was that both of them wanted to be considered the real BCH, which is why they entered a hash war. After more than a week of excessive block mining, Bitcoin ABC got its version of BCH to be considered the real BCH. As for Wright’s coin, it came to be known as Bitcoin SV (BSV).

BCH and BSV in a post-war market

As mentioned, the hash wars of these two coins started a downward spiral that has affected Bitcoin’s entire ecosystem, and the entire crypto market followed. Within only days, Bitcoin lost nearly half of its value, and the same is true for the crypto market as a whole. After the hash wars died down, the BSV representative, Calvin Ayre, stated that the community is ready to move on from the conflict. Their coin was doing well even without the BCH as their name, and they have decided that they do not want it anymore.

The entire situation has proven that the community believes that BSV should exist, and this fact alone is enough for the coin’s developers. Despite the fact that they have lost the name Bitcoin Cash, they consider BSV’s very existence to be their victory. At first, it appeared like BSV might disappear, and join Litecoin Cash, Bitcoin Diamond, and Bitcoin Gold. However, the coin soon started gaining value, especially in early December, when it started seeing massive gains in the middle of a crashing market.

BSV started advancing rapidly, in terms of price and market cap, and it quickly moved past several of the top 10 coins. The progression soon stopped, and dropped to 9th position, with a current price of $105.77. As for Bitcoin Cash, it also appeared like it might lose its position permanently, but it soon returned to the 4th spot, where it currently resides.

Right now, it appears like the market is trying to find a way to reach stability. After almost a week of growth, a lot of coins are currently seeing a slight correction. Investors have already given up on their dreams of a bull run, but many still hope that the market will successfully find balance in the last days of 2018.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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VOLUM uncorks its track and trace platform for global alcoholic beverage producer ISBG

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VOLUM onboards global wine and spirits producer, ISBG, to simplify its supply chain process with a track-and-trace platform that digitizes and reduces traditional paperwork

 

ESTONIA — March 2019 — VOLUM, the blockchain ecosystem for enterprises, is announcing that ISBG, a global producer of alcoholic beverages incubator, is partnering with VOLUM to implement its platform into its sales and distribution process. The VOLUM platform digitizes and simplifies both traditional paperwork and the supply chain process, using its operational smart contracts.

 

A supply chain can be a difficult process to track and trace. A comprehensive system of organizations, activities, information, and resources have to be accounted for, not to mention the overwhelming amount of paperwork. So, what’s a large corporation to do, if it truly wants to accelerate its supply chain while cutting back on paper waste? VOLUM has developed a blockchain framework that allows enterprises to convert traditional paperwork into a digital process while safeguarding all transactions and steps within a company’s supply chain.

 

VOLUM leverages blockchain technology with an ecosystem that is specifically designed for farmers, manufacturers, distributors, public utilities, governing agencies, financial institutions, and IoT data hosts. The VOLUM…

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Blockchain-Focused ETF Arrives on London Stock Exchange

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blockchain-focused ETFs
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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Jeff Bezos
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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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