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Will Bitcoin Cash (BCH) Lead The New Crypto Bull Run?

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The cryptocurrency market has been experiencing faint signals of recovery when top-5 crypto giants went green yesterday. It seems as though the market could turn to a bullish trend for the remainder of the week if nothing bad happens. Even when the market is struggling for a complete reversal of last week’s damage, Bitcoin Cash is performing better than other cryptos effortlessly. On 4th June Bitcoin cash nearly doubled its figure over 7 days. All that’s left to see is whether BCH markets can maintain this uptrend.

Bitcoin Cash’s Trading Volume

Bitcoin cash community members have been comparing it with BTC in terms of gains, traction, adoption, volume etc. since the very beginning. The reason why BCH soars so high is that of its dedicated community members and investors. A cryptocurrency’s demand is measured by its volume which turns out to be a useful indicator while analyzing a crypto’s success rate. Analysts have indicated that BCH market’s increasing volume might be the cause of its bullish trend. Currently, 13.26% of BCH volume is coming from OKEx where $88.3 million USD worth of Bitcoin Cash has exchanged hands at the individual price of $1131.50 USD while its total volume for the last 24 hours is close to $643 billion.

Japanese Retailers Soon to Accept Bitcoin Cash

Some experts believe that a bull run is just around the corner for Bitcoin cash. There’s been a revelation from Roger Ver, whom people know as cryptocurrency evangelist and promoter of Bitcoin cash that the currency might get adopted by thousands of Japanese retailers as a payment method and thus enter the Japanese market.

Although it’s still just a hint which was given during a recent interview and not an official announcement, therefore, it’s still unknown as to when this adoption will take place. Roger Ver seemingly announced that some tens of thousands of convenience stores and retailers are up for accepting Bitcoin cash soon. This would allow people to buy stuff with BCH and also pay their bills with it. Ver has also pointed out towards the impending partnership with Menufly for accepting BCH as payment for its large-scale operations in major cities and bitbox to provide developing tools for devs utilizing Bitcoin cash network.

BitcoinCashers.org Assists in Bitcoin Cash Adoption

Since its inception, Bitcoin cash has been aiming towards becoming global payment mode and rule the sector by injecting the digital currency into the daily lives of people. Bitcoin Cash Foundation has made gradual advancements to clear BCH path by including more features in it and making it better than its core project, Bitcoin.

Bitcoin cash strives to be better suited for consumers as well as businesses and in countries with the high inflation rate, Bitcoin cash becomes more useful than fiat currencies. In order to quicken the pace of global adoption, the team behind Bitcoin cash has created BitCashers.org. One of the many purposes of BitCashers.org is that it is likely to promote Bitcoin cash as a ‘made for business’ crypto to the global audience and thus increase the number of BCH users substantially.

Zero Fee Transactions for BCH Miners

There’s one another of Bitcoin cash hitting headlines these days and it’s regarding a new initiative that convinces Bitcoin cash miners to process a limited number of 0 fee transactions in every block by removing dust limit. This initiative has gained support from many renowned individuals and companies such as Prof. Craig Wright who promotes Bitcoin. The said initiative turned heads when nChain and CoinGeek that their respective mining firms will start allowing their users to make transactions for a negligible fee (even less than 1 Satoshi i.e. $0.00001137). Through this initiative, some companies are aiming for Bitcoin Cash growth and promote competition free marketplace among miners.

Market Position

The total market capitalization of Bitcoin Cash is close to $19.4 billion USD according to CoinMarketCoin data at the time of writing. Having amassed such a huge market, Bitcoin cash is now available everywhere and assisting global vendors to make and accept payments directly without depending on any bank, government and payment service. It is presently ranked as the 4th biggest cryptocurrency worldwide.

Conclusion

Bitcoin Cash undoubtedly has untapped potential to rise above the rest of the altcoins and change the course of crypto history by becoming the first forked digital asset that’s more profitable than its core project. There are many indications that Bitcoin cash may rise in the remaining week therefore, crypto enthusiasts believe that it might be good time to go all in. With new ideas like BitCashers.org, BCH team is actually trying to gain more attention from vendors, retailers and also developers from all over the world. If things go well, then $1500 mark can be possible to reach.

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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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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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7 Steps to Recovery from a Crypto Trading Loss

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Whether you are a newcomer to the crypto market who mistakenly invested a large amount into the wrong coin, or a professional that made a well-researched decision and something still went wrong, the result it the same — you lost your money to the crypto market. This is a big problem, but also a problem that every crypto trader faces at some point.

The reason may be anything, from simple bad luck to the lack of research. Add to that the fact that the crypto market continues to be extremely volatile, and it is clear that not all of your trades are going to end up successfully.

Whatever the reason is, the fact remains that you experienced a loss and that this is a problem which can affect more than your funds. It can also affect your mind and feelings. Since every successful trade that you have the potential to make in the future depends on you, you have to recover first, and only then should you worry about the funds.

The road to recovery is different for everyone, and it will take a different amount of time and effort. However, there are a few general steps that you can take to recover from a crypto trading loss.

Step 1: Stop and calm down

You have just suffered a major loss. It may have been your mistake, or…

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