After the market “sells the news” after the successful Cardano Alonzo hard fork, there is a slow realization that real utility could still be on the distant horizon for the network.
Fork News
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Ethereum’s London hard fork went live on Sunday. The transition has important implications for mining pools, which have begun deploying miner extractable value solutions to increase revenues.
3225POLY, BCHA and XYO led altcoins higher after BTC flipped $50,000 to support and ETH hit $4,000.
17637“Stay away from doing [transactions] for a while till confirmed, unless you are sure you are submitting to latest Geth,” advised Andre Cronje.
15856The bearish outlook appears also as Cardano’s daily RSI reflects overbought sentiments. However, the euphoria surrounding Cardano’s smart contracts launch and its mild correlation with Bitcoin are keeping the upside hopes intact.
50140The ADA/USD exchange rate has moved further into its “overbought” area, suggesting that a trend correction might follow suit.
101964Bitcoin Cash ABC has rebranded to “eCash,” redenominated its token, and launched a proof-of-stake consensus layer.
70995This is the third time Rep. Emmer has introduced the bill to the House of Representatives, but the first with a Democrat in the presidency.
14870Users 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.
15735With 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.
18907After months of escalating tensions between rival Bitcoin Cash implementations, the future of BCH appears to be firmly in the hands of Bitcoin Cash Node.
11071Ethereum Classic is using an idea Vitalik Buterin had in 2014 to help fend off 51% attackers.
16425The Bitcoin Cash community appears to be signaling support for the upcoming BCHN fork, with 82% of hash power supporting the implementation.
12593With Bitcoin Cash poised to fork again in November, the BCH community is gearing up to do battle over the Bitcoin Cash brand.
13752With Bitcoin Cash appearing destined for another chain split this November, Bitcoin Cash Node believes it’s ready to spearhead the project.
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