In spite of the selling pressure,
Bitcoin Cash is approaching a symmetrical triangle breakout.
Ripple has plunged 86.6 per cent from $2.39 to $0.32, while
Bitcoin Cash, a spin-off of its namesake, is down 76.5 per cent from $2,432.54 to $572.44.
For
bitcoin cash, however, that issue shouldn't be a challenge.
Ayr's commercial director Graeme Miller said: "We were initially approached to see whether we could accept sponsorship payment in BCH (
Bitcoin Cash).
Bitcoin Cash is distributed in the market under a ledger and coin named "BCH," and is the fourth-largest coin by market capitalization as of Feb.
The hack came as US company Coinbase, which runs one of the biggest exchanges in the world, said it was investigating staff for insider trading after a sudden jump in the value of
Bitcoin cash.
Bitcoin cash was created as an offshoot of bitcoin.
The disagreement has given rise to a host of Bitcoin competitors - including a separate virtual currency known as
Bitcoin cash. But the community that has developed around the original Bitcoin has increasingly been united around a vision that is focused on its gold-like qualities, rather than its ability to compete with PayPal or Western Union.
POLICE claim
bitcoin cash machines are being used by drug dealers and gangsters to launder their dirty money.
Falcon Private Bank, in cooperation with Bitcoin Suisse AG, has enhanced its blockchain asset management services by adding Ether (ETH), Litecoin (LTC), and
Bitcoin Cash (BCH).
Last year Bristol's only
Bitcoin cash machine processed 250 transactions and PS38,000 of the currency in just one month.