Home / Crypto News / Newsflash: Bitcoin Cash, Bitcoin SV, China, Facebook

Newsflash: Bitcoin Cash, Bitcoin SV, China, Facebook


The Bitcoin price has dominated the headlines again this week. Thus, the price barometer has reached a new year low. At the same time, for the first time in 2018, the crypto markets came close to a market capitalization of only $ 100 billion. In addition, many other interesting things have happened in the world of cryptocurrencies. Below I would like to introduce you to a selection of events.

Litigation against Bitcoin Cash Backer

This week, a landmark lawsuit was filed against the owners of Bitmain and Bitcoin.com, Jihan Wu and Roger Ver. Accused is the crypto-market Kraken. Plaintiff is a lesser-known blockchain company that was founded about a year ago. The company, UnitedCorp, expects that Ver and the other defendants have been actively working to centralize the Bitcoin Cash network after the recent Hard Fork. This has caused financial losses for UnitedCorp, the company says.

Bitcoin SV in alternating bath

Bitcoin SV has outperformed Bitcoin Cash over the near term in terms of price and market capitalization this week. Nevertheless, the new cryptocurrency gave up this lead in the wake of the market downturn. Such rubber band movements often occur in markets where the holders want to repel. At the time of going to press, Bitcoin Cash ranked number 5 on the list of the largest cryptocurrencies by market cap. The price was about $ 110. Bitcoin SV ranked 8 th at $ 98.

Beijing stresses ban on security tokens

Authorities in the Chinese capital of Beijing have tentatively emphasized that the sale of securities tokens to raise funds in the city is illegal. The authorities are thus fully in line with the Chinese government and Chinese People's Bank, which banned Initial Coin Offerings (ICOs) in September 2017.

Facebook wants to use the blockchain

There's been much speculation this week about whether Facebook is working on a major Blockchain app. Facebook has been struggling with the protection of user data for some time now and is losing millions of users in Europe. Arnulf Keese, the former boss of PayPal Germany, suspected in the Handelsblatt in the affection of Facebook's Blockchain the attempt of a liberation strike. With Blockchain, Facebook could better protect its data, develop mobile payment applications or advertise via smart contracts.

Falling courses call critics on the map

The dwindling prices have once again called the crypto critics on the scene this week. Former Israeli Prime Minister Ehud Barak described the cryptocurrencies as a pyramid scheme. Fittingly, economics professor Atulya Sarin once again stated that Bitcoin is in a “death spiral”, as reported on the blog.

New to the ranks of critics is former Blockchain analyst Angus Champion de Crespigny. He told the Barron's website that he was disappointed with Blockchain technology.

Sources: Toshi Times, Handelsblatt, Globes, CCN, Pixabay

Author: Peter Joost – Source Post: https://www.kryptovergleich.org/newsflash-bitcoin-cash-bitcoin-sv-china-facebook/

Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for entertainment and information purposes only. We are not an investment advisor and do not provide financial advice.

We can not review all articles posted on CoinNewsDesk.com. Please independently research and verify any information here before relying on it as fact. It's also important to do proper due diligence and analysis, including consulting a professional financial advisor. No content on Coin News Desk makes any recommendation to enter into any type of investment or engage in any investment strategy on this website.

About Coin News Desk Team