The price of Bitcoin Cash (BCH) price today hit $305, an increase of 16.39% in the past 24 hours, according to Coin Gecko, a crypto data aggregation website. Today’s price increase marks the culmination of a week of recovery from last weekend's hard fork, which temporarily depressed the price.
The price of the Bitcoin spinoff sunk last weekend after its blockchain split into two, or “hard forked.” BCH's price fell from $255 to $240, marking a 5% decrease.
The fork concerned an unpopular mining tax of 8% that would go to one of the teams developing Bitcoin Cash. Lots of people didn’t want that to happen, so they opted for a different fork.
Diverting part of the #BitcoinCash block reward to pay a single development team is a Soviet style central planner’s dream come true. Please stop. pic.twitter.com/5H6EKDnDjc
Tornado Cash co-founder Roman Storm issued one of his starkest rebukes yet of the Trump administration’s Department of Justice on Friday, arguing that if federal prosecutors prevail in the developer’s upcoming criminal trial, decentralized finance could be permanently destroyed.
“The DOJ wants to bury DeFi, saying I should’ve controlled it, added KYC, [and] never built it,” Storm wrote. “SDNY is trying to crush me, blocking every expert witness.”
“If I lose, DeFi dies with me,” the crypto devel...
Late Thursday evening, Israeli fighter jets struck Iranian nuclear facilities, opening a wave of instability across global markets, with two camps split on what to do: those running for shelter and those fleeing risk.
Gold, long considered a safe haven, beckoned investors seeking safety from the escalating Middle East conflict. Bitcoin, often touted as digital gold, instead joined the exodus of risk assets.
"The traditional buyers of gold are not in the crypto market yet,” Stephen Wundke, direc...
GameStop shares plummeted on Thursday after the video game retailer announced that it would offer investors $1.75 billion worth of convertible senior notes, a form of corporate debt that Bitcoin-buying firms like Strategy have tapped to accumulate the asset.
The Grapevine, Texas-based firm’s stock price had dropped 22% to $22.12, as of noon Eastern Time, according to Yahoo Finance. GameStop shares changed hands around $25.40 in late March, when the company said that it could start leveraging Bit...
