1.5M Bitcoin Cash deposited on exchanges as fork looms
With Bitcoin Cash’s Nov. 15 chain split looming, BCH hodlers have deposited more than $300 million worth of the coin into exchanges since the start of the month. Bitcoin Cash (BCH) hodlers are scrambling to get their coins onto exchanges ahead of the hard fork expected for Nov. 15.According to Chainalysis, nearly $140 million worth of BCH has flowed onto exchanges in just the past week, bringing November’s total up to $300 million. Since the start of the month, more than 1.56 million BCH has been moved onto exchanges.As such, BCH in-flows to exchanges for the past 12 days have equated to....
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The Bitcoin Cash blockchain is set to upgrade on Sunday, November 15 and it’s still expected that the network will bifurcate. So far, a number of crypto services have revealed contingency plans for the fork, and today’s data shows that at least 754 out of 1,000 bitcoin cash blocks were mined with the BCHN software. In 11 days, the Bitcoin Cash upgrade is coming and the latest feature that will be added to the network is the ASERT Difficulty Adjustment Algorithm (DAA). However, the community is also preparing for a contentious fork, as one of the seven BCH full node projects has....
Users have sent more than $300M BCH through exchanges since Nov. 1, while assets under management at the crypto fund manager's Bitcoin Cash Trust have decreased. The value of assets under management for crypto fund manager Grayscale Investments’ Bitcoin Cash Trust has fallen $1.6 million following the announcement that the crypto asset would be forking on Nov. 15. According to data from Coin Dance, the Bitcoin Cash (BCH) network has now split into two blockchains. Currently, miner action appears to be favoring the community-driven Bitcoin Cash Node, or BCHN. Crypto exchange Binance’s pool....
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