Binance to Support Nov 15 Bitcoin Cash Fork
Binance has said they will support the November 15th for Bitcoin Cash. Logically this means you’ll get each version of BCH if you keep your BCH on Binance.
Bitcoin Cash (BCH) is a cryptocurrency created from a hard fork of Bitcoin. The fork occurred at block 478,559.
Bitcoin Cash split into two versions in November of 2018. Those versions are currently called Bitcoin Cash ABC and Bitcoin Cash SV.
For now, until the future of both coins becomes clear over time, all things SV and BCH are going to be in this section.
Binance has said they will support the November 15th for Bitcoin Cash. Logically this means you’ll get each version of BCH if you keep your BCH on Binance.
The Bitcoin Cash fork snapshot is on November 15th (11/15/2018 at 4:40pm UTC). The expected result is two Bitcoin Cash chains and two Bitcoin Cash tokens. These two versions of Bitcoin Cash are commonly called BTCABC and BTCSV. Assuming all goes as planned, BCH holders will get the forked asset, Bitcoin SV, at a 1:1 ratio to BCH.
There was a vulnerability in Bitcoin’s code. Meanwhile, since Litecoin and Bitcoin Cash and some others are based on Bitcoin, they also had the bug. Luckily, the Bitcoin Cash developer who caught the code shared it, and Bitcoin, Litecoin, Bitcoin Cash, and more have all fixed the issue. Other crypto teams who based their code on Bitcoin, like Doge and Verge, have come out to assure people that they never had the vulnerability.
Bitmex is a crypto derivatives exchange that uses high leverage and margin trading and is open to many non-U.S. citizens. They have been the highest volume exchange in the 2018 bear market.
Let’s look at some of the top cryptocurrencies that aren’t Bitcoin. Longstanding popular alternatives to Bitcoin including ETH, ETC, XRP, XLM, LTC, XMR, ZEC, NEO, and DASH. New top coins include BCH, EOS, ADA, IOTA, TRON, and ZRX.
Bitcoin’s weekly chart, Ether’s daily, Litecoin’s daily, and many more are all setup for a range of golden crosses. Simply put, many short term averages are about to cross over long term averages on the higher time frames… which is a bullish setup.
The simplest way to buy Bitcoin is to use Coinbase. From there you have a few options for buying other cryptocurrencies.
Bitcoin Cash doing a hard fork on May 15th called Bitcoin ABC. Bitcoin ABC upgrades Bitcoin Cash to allow for an immediate block size increase and an adjustable blocksize cap.
In cryptocurrency, the term “airdrop” is used to describe a type of distribution event for a cryptocurrency where tokens are distributed to existing wallets.
Between 2017 and 2018 there at least 20 Bitcoin forks planned, if not more. Each fork potentially nets Bitcoin holders “free coins” based on their current Bitcoin holdings.
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