Bitcoin Cash seems to have a lot going on at the moment, with the most recent airdrop that took place 3 days ago and the latest new partnership BCH team has acquired. In addition to the described success, we can even see BCH keeping it busy in the market as we can see it rising up against the dollar even though the majority of currencies are still under the impression of the latest market trend, which means that a great portion of the market is going down against the dollar at this moment. Let’s find out more about BCH airdrop, Bitcoin Cash’s latest partnership, as well as check out how BCH has been doing these days.
Bitcoin Cash and the New Partnership
Bitcoin Cash has, as of the recent events, acquired a very meaningful partnership that will most certainly help it sky-rocket while gaining more on the exposure of BCH units. In order to step into the next stage of following up with the mass adoption of crypto assets, Bitcoin Cash has partnered up with YeeCall.
YeeCall is a mobile application for online communicating, making chatting and video and voice chat far easier to use. Bitcoin Cash Fund is targeting over 33 million YeeCall users, hoping to be able to become a part of a massive adoption of BCH by the side of YeeCall users.
Due to the most recent partnership, Bitcoin Cash has also organized an Airdrop that took place 3 days ago as the story about the partnership between YeeCall and BCH was slowly kicking off.
That is how Bitcoin Cash had an Airdrop on May 9th due to the agreement that the team behind BCH had with the YeeCall representatives.
The part of the arrangement was to have an Airdrop organized for YEE token holders where 20 BCH units would be awarded as a part of the initial airdrop that took place about 3 days ago.
The requirement needed in order to have eligible users for getting a portion of those 20 BCH as a part of the initial airdrop, was to have at least 10.000 of YEE tokens in your digital wallet at the moment when the system makes a snapshot.
The users who were rewarded during the Airdrop were decided based on the number of tokens they were holding, where the number of YEE tokens could have been greater than the minimal amount of 10.000 YEE.
Bitcoin Cash Had an Airdrop
In order to reward the faithful holders of YEE tokens and celebrate the partnership between YeeCall and Bitcoin Cash Fund, Bitcoin Cash in agreement with YeeCall decided to organize an Airdrop that took place on May 9th.
As a part of the initial airdrop, Bitcoin Cash has made an arrangement with YeeCall to have 20 BCH units awarded to YEE holders. The requirement needed in order to become an eligible holder for winning some of those 20 BCH was to have at least 10.000 units of YEE tokens in your digital wallet.
The awarded holders were being decided based on the amount of YEE tokens, so anyone with the highest number of YEE tokens could win a portion of 20 BCH units.
Given the fact that Bitcoin Cash is being traded above 1000$ per one unit, 20 BCH makes up for a pretty fruitful airdrop.
With the above-mentioned airdrop, the partnership between YeeCall, which represents one of the biggest messaging platforms in Asia with over 33 million users, officially started.
By having BCH implemented into YeeCall application as one of the payment methods available for their users, YeeCall is adding more up to BCH’s exposure, representing it to the wide range of potential BCH holders, which could most probably sky-rocket Bitcoin Cash even further.
How is Bitcoin Cash doing at the Current Moment?
BCH showed a slight case of trading up against the dollar despite the fact that the majority if currencies were going down against the dollar while trading in the red. After showing a trace of doing better in the market when compared to the rest of its peers, Bitcoin Cash then immediately went down although the drop was minor.
In the period of the last 60 days, BCH didn’t make any serious movements given the fact that a great part of this period was in the sign of the market dip. That means that BCH only had a rise of 33% in total against the dollar over the period of two months.
However, we could see it rising up while being traded in the green almost for the entire April, so BCH made it with collecting 110% of rises over the course of the last 30 days.
After the latest change in the market, BCH showed trading up in the green for a moment, despite the market trend, while it went down for -0.81% against the dollar a couple 0of hours ago.
However, we can still see it rising up against BTC, going up against this crypto by 2.45%.
After the most recent change in its value, Bitcoin Cash can be traded at the price of 1411$ per one BCH unit, which is still far from its all-time high of above 4000$ per one Bitcoin Cash unit.
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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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TRON Partnership Involves Cloud Computing
It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.
— Justin Sun (@justinsuntron) October 12, 2018
Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.
Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.
However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.
Will Ripple (XRP) advocacy hike affect bitcoin dominance of China?
Currently, China is leading in Bitcoin mining industry by far, second to none for bitcoin mining power. Literally, it’s contributing over 70% of the network’s hash rate (a term that is used in describing the total processing power of a blockchain network). But how Ripple fits in here and what it has to do with that? We’ll talk about that a bit later below, let’s cover some in-depth facts about China’s dominance over Bitcoin first.
It’s a near-complete dominance by China on the BTC mining grid that has made it responsible for mining a majority of circulating bitcoins. A Beijing-based company, Bitmain Technologies, is highly responsible for extracting the significant part – more than half of the globe’s bitcoin, and alone, it has approached 50% of the total hash rate more than once.
The fact that China is controlling a majority of Bitcoin hash rate, clearly tells that it has the power of manipulating or merely destroy the bitcoin network if it gets enough support should it decide to take such a move. Therefore, this has led to serious concerns among countries including the US that China might get an edge in this cryptocurrency industry and possibly becoming a potential threat.
China is the biggest manufacturer of Bitcoin as well as cryptocurrency mining equipment. The reason behind the massive growth of mining farms in the country is because of cheap electricity bills.
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While most cryptocurrencies today still remain unstable and at the edge of falling into the red, there are some coins that are doing significantly better. One such coin is Ravencoin (RVN), which has surged by over 26% in the last 24 hours.
Ravencoin came to be as a hard fork of Bitcoin and was inspired by a popular book series-turned-television programme, Game of Thrones. The coin’s developers decided to make Ravencoin an open-source project that provides users with the ability to declare assets on their platform. The platform itself is decentralized, transparent, and secure.
Just as Game of Thrones’ ravens are used for spreading the news and truth, Ravencoin hopes to become a carrier of truth regarding the ownership of assets on the blockchain.
Ravencoin’s main use case is for performing P2P transfers, while it prioritizes security, autonomy, user privacy, and control. Additionally, as a coin fighting for truth and transparency, it also stands against censorship.
Ravencoin got listed on Binance prior to MainNet launch
Following the last week’s announcement that Ravencoin is getting officially listed on Binance, the world’s largest cryptocurrency exchange ba trading volume, Ravencoin experienced a large price surge. At one point, the surge took the coin’s value up by over 31%. At the time of writing, however, the coin is still growing, with an increase of 26.15% in the last 24 hours.
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