Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.
To Watch This Week
AIRDROPS + ALPHANov 28, 2024
Business
Bitwise Files To Turn $1.4 Billion Crypto Index Fund Into an ETF
Something interesting just landed on the U.S. Securities and Exchange Commission’s (SEC) desk: NYSE Arca, regarded as Wall Street's electronic home for exchange-traded funds (ETFs), wants to list Bitwise's $1.4 billion crypto index fund. The numbers on the document seem to show where the smart money thinks crypto is headed. Filed Wednesday, the proposed ETF reveals a carefully weighted portfolio that's anything but a crypto free-for-all. Bitcoin still commands the lion's share at 75.14%, while E...
Oct 18, 2024
Law and Order
Craig Wright Says Bitcoin Devs 'Misled the Public' in New $1 Billion Lawsuit
Craig Wright launched a new legal battle claiming that Bitcoin developers have deviated from the original vision of the project and insisting that Bitcoin SV is the real Bitcoin. The claim is seeking from the defendants the difference in market valuation between the two coins, over $1.18 billion. If Wright’s name sounds familiar, that’s because he previously claimed to be the creator of Bitcoin, Satoshi Nakamoto himself, getting tied up into a legal battle that he ultimately lost. The recently...
Jul 16, 2024
Markets
Kraken: Mt. Gox Bitcoin Repayments Will Arrive Before August
At least some Mt. Gox creditors are expected to receive their repayments in the next seven to 14 days, according to an email Kraken sent to users. Kraken is one of five crypto exchanges, including Bitstamp, that is working with the Mt. Gox trustee to facilitate distribution of BTC to the defunct exchange’s creditors. The exchange confirmed that the email, which has been making the rounds on Twitter, is legitimate. But Kraken did not comment on whether its distribution will match that of other co...
Jun 24, 2024
Markets
Bitcoin Dives to $61,000 as Mt. Gox Says BTC Repayments Begin Next Week
More than a decade after losing their funds, Mt. Gox creditors will start receiving repayments in Bitcoin and Bitcoin Cash commencing in early July, according to a note by Mt. Gox Rehabilitation Trustee Nobuaki Kobayashi. The note suggests that compliance measures and exchange cooperation have already taken place. “We have taken time to ensure safe and reliable repayment to creditors, including technical remedies for safe repayments, compliance with financial regulations in each country, and dis...
Jun 6, 2024
Law and Order
'Bitcoin Jesus' Roger Ver Released on Bail in Spain
Cryptocurrency entrepreneur Roger Ver, also known as "Bitcoin Jesus," has been released on bail in Spain after posting a €150,000 bail. According to a Bloomberg report, Ver was permitted to leave jail May 17, on condition that he hand in his passport and remain in Spain pending a decision on his extradition to the U.S., where he faces $50 million tax evasion charges. Ver must also report to court every two days. Ver was arrested by Spanish authorities in April, after the U.S. Department of Justi...
Apr 4, 2024
Markets
Bitcoin Cash Price Up 11% Following Post-Halving Rollercoaster Ride
The price of Bitcoin Cash went on a rollercoaster ride as its recent block reward halving took place yesterday, dropping as low as $565 ahead of the halving before recovering. Bitcoin Cash is currently priced at around $676, up 11.3% on the day and almost 20% on the week, per data from CoinGecko. At the time of the halving, which took place at block 840000, at 22:45 UTC on March 4th, the price of Bitcoin Cash was $574.90. Around half an hour ahead of the halving, it had dipped to a low of $565,...
Apr 1, 2024
Markets
Bitcoin Cash Halving Is Hours Away and BCH Just Hit Its Highest Price Since 2021
Bitcoin Cash, the cryptocurrency born out of a contentious Bitcoin fork in 2017, is making headlines as it surges to its highest price in nearly three years. The coin has seen a 5% increase in the last 24 hours, a nearly 28% jump over the past week, and a sizable 43% rally in the last 30 days, per data from CoinGecko. Today, BCH skyrocketed from just above $600 to a daily high of about $697, before correcting to its current price of $635. Today's high marks the highest price point for BCH since...
Mar 26, 2024
Coins
Roger Ver Dismisses Adam Back’s Invitation to Return to Bitcoin, Stands Firm on BCH
Despite a public invitation to return to the Bitcoin community, early Bitcoin investor Roger Ver is sticking with Bitcoin Cash (BCH)—and says layer-2 blockchains are off the mark. Blockstream CEO and early Bitcoin developer Adam Back extended an olive branch to Ver after the latter’s book was published. In “Hijacking Bitcoin: The Hidden History of BTC,” Ver asserts that the original vision of Bitcoin has been corrupted. Ver spoke with Decrypt about the current state of Bitcoin Cash and his respo...
Mar 18, 2024
Coins
Adam Back Wants ‘Prodigal Son’ Roger Ver to Come Home to Bitcoin
Will the Bitcoin and Bitcoin Cash communities ever bury the hatchet? Adam Back, the CEO of Bitcoin company Blockstream and one of the earliest Bitcoin developers, today extended an olive branch to long-time rival Roger Ver, an early Bitcoin investor turned Bitcoin Cash (BCH) advocate. Back says it's time for Ver to "be the prodigal son" and return to Bitcoin. Back’s invitation comes in response to Ver's new book, "Hijacking Bitcoin: The Hidden History of BTC," which claims that the original visi...
Mar 4, 2024
Markets
Bitcoin Hardforks BCH, BSV Outpace BTC Gains
Bitcoin has smashed through $65,000, continuing its race to the moon, and the fast-rising tide is lifting all boats: BTC offshoots like Bitcoin Cash (BCH) and Bitcoin Satoshi’s Vision (BSV) are surging. Bitcoin Bitcoin is rapidly closing in on its all-time high of $69,000. The number one cryptocurrency is trading at $66,413 at time of writing, up 5.7% in the last 24 hours. Bitcoin Forks Several cryptocurrencies have forked from the Bitcoin blockchain, and two of the forks most closely associated...
Oct 9, 2023
Markets
Bitcoin Forks, Sui, Aptos and Apecoin Hit Hardest as Market Plunges
Bitcoin forks Bitcoin SV and Bitcoin Cash have been hit hard by today's dip in crypto prices. Bitcoin SV (BSV) is down over 6% in the past day, currently changing hands at $32.66 per coin, data from CoinGecko shows. The normally obscure asset—the 56th biggest virtual currency by market cap—has also plunged by 15% in the past seven days. While Bitcoin Cash (BCH) is also suffering: It's currently trading for $216.53, a 5.4% dip over the past day. The biggest and most successful BTC fork has nosed...
Aug 29, 2023
Coins
Bitcoin Cash Up 17% After Grayscale Prevails Over SEC in ETF Case
Bitcoin is on the rise Tuesday following news that crypto firm Grayscale won a court appeal against the U.S. Securities and Exchange Commission (SEC)—and BTC-related cryptocurrencies like Bitcoin Cash and Stacks are seeing even larger gains. While BTC has posted a 7% gain over the past 24 hours, sitting at a current price of $27,970 per CoinGecko, Bitcoin Cash has jumped 17% to a price of about $223. It’s currently the biggest gainer among the top 100 cryptocurrencies by market cap. Bitcoin Cash...
Jul 14, 2023
Business
Kim Dotcom Teases Bitcoin Cash 'Killer App’ as Bitcache Heads for Liquidation
Bitcache, a crypto project founded by political activist and founder of the now-defunct file hosting service Megaupload, Kim Dotcom, has begun a liquidation process in New Zealand due to unpaid legal fees by the company. “The business formerly known as Bitcache has been liquidated because a law firm that offered to work for shares in the company decided years later to invoice the company for past legal fees,” tweeted Kim late Thursday. He pointed out that he “was the evangelist for the business...
Jun 30, 2023
The Coins
What is Bitcoin Cash?
Bitcoin was designed so that no one group or person could control it. Bitcoin’s decentralized design has many advantages, but things can get tricky when there are disagreements with the community about the best way forward. Such disagreements have led to more than 100 Bitcoin forks. Not all of those forks have led to new networks, but of those that have, Bitcoin Cash is probably the best known. What is Bitcoin Cash? Bitcoin Cash is a modified version of Bitcoin that runs on its own blockchain ne...
Jun 21, 2023
Markets
Bitcoin Cash, Stacks, and Pepe Lead Alts Parade as Bitcoin Breaks Above $29,000
The rest of the market has caught the wave as Bitcoin today broke above $29,000—the first time since May—following a number of high-profile exchange-traded fund (ETF) filings in the States. That means a couple of usually sleepy altcoins are surging. Bitcoin Cash, a Bitcoin spin-off which has struggled to find a market since launching in 2017, is the third-best performing cryptocurrency in the past day: It's up 26% in 24 hours, trading for over $130, according to CoinGecko. Bitcoin, the biggest...
Nov 29, 2022
Business
Coinbase Wallet Delists XRP, Bitcoin Cash and Ethereum Classic
Coinbase today delisted a number of big cryptocurrencies—including Ripple’s XRP, the seventh largest digital asset by market cap—from its wallet app. In a Tuesday announcement, America’s biggest exchange said that from January 23 it would no longer support Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple (XRP), or Stellar (XLM) on Coinbase Wallet. Coinbase said the move was “due to low usage” of the assets on the platform. Coinbase Wallet is a self-custody mobile app, similar to other softwa...
Jul 14, 2022
Business
CoinFLEX Opens Limited Withdrawals Amid Dispute With Bitcoin Evangelist Roger Ver
Trading platform CoinFLEX today announced limited withdrawals for customers after freezing them last month amid a dispute with prominent crypto investor Roger “Bitcoin Jesus” Ver. The company said in a Thursday blog post that users can now take out 10% of their funds—but not the platform’s stablecoin, flexUSD, until further notice. “We will enable limited withdrawals for all users this week and continue to work with a laser focus on our recovery plans,” the company said. CoinFLEX last week sa...
Jun 28, 2022
Business
CoinFLEX Says 'Bitcoin Jesus' Roger Ver Is Behind Its Withdrawal Troubles, $47M Debt
CoinFLEX—one of many crypto trading platforms to freeze customer withdrawals this month—isn’t facing an ordinary liquidity crunch. Rather, CEO Mark Lamb claims there is one man responsible for the platform’s financial woes, and the reason it now seeks to raise $47 million in token sale to pay off its debt: the longtime Bitcoin evangelist turned Bitcoin Cash promoter, Roger Ver. “Roger Ver owes CoinFLEX $47 Million USDC,” Lamb tweeted on Tuesday. “We have a written contract with him obligating h...
Jan 3, 2022
Coins
Ethereum Founder Vitalik Buterin Calls Bitcoin Cash 'Mostly a Failure'
Ethereum co-founder Vitalik Buterin took to Twitter on New Years Day to highlight some of what he’s written and said about the blockchain space over the last 10 years and how those views have evolved. During the tweetstorm, Buterin also shared his current thoughts on Bitcoin Cash, an altcoin that was created in 2017 by forking the original Bitcoin blockchain. “I was optimistic about Bitcoin Cash specifically, because I agreed with the big-blocker arguments in the scaling war more than the small-...
Oct 5, 2021
Business
Fifth-Largest Bank in U.S. Now Offering Bitcoin Custody Services
U.S. Bank, the fifth-largest banking institution in the United States, today announced that it has launched custodial services for Bitcoin. Institutional investment managers with private funds in the U.S. or the Cayman Islands can now tap the bank’s service to store their private keys. The bank is working with financial services and technology firm New York Digital Investment Group, or NYDIG, as its first sub-custodian for the service. U.S. Bank previously signed on to administer NYDIG’s planned...