Sky High Bitcoin and Ethereum Fees: While Prices Jump the Cost to Transfer Follows Suit

Sky High Bitcoin and Ethereum Fees: While Prices Jump the Cost to Transfer Follows SuitWhile a number of digital currencies have seen price gains the two leading crypto assets, bitcoin and ethereum have seen transaction fees skyrocket. For instance, data shows that the median fee for a bitcoin transaction is $8.58, while the median fee is $9.35 when spending ether. Meanwhile, the average transaction fee for both networks has […]
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Kim Dotcom throws weight behind BCH, tips $3K price in 2021

Kim Dotcom sees BCH as “great for payments” compared with BTC as “great for asset storage.”

Internet entrepreneur and digital rights activist Kim Dotcom has been enthusiastically promoting Bitcoin Cash as a medium of exchange, but still remains bullish on Bitcoin.

According to a tweet to his 711,700 followers today, Dotcom predicted the price of Bitcoin Cash (BCH) would increase 867% in 2021, reaching more than $3,000. He said he was also going to support BCH on his crypto-enabled peer-to-peer content monetization blockchain K.im.

Dotcom has been an outspoken advocate for Bitcoin (BTC) for some time as a store of value, but seems to be suggesting BCH is better for transactions. In a response to Bitcoin influencer Tone Vays, he said the number of vendors accepting BCH is “steadily rising” and crypto adoption for the average Internet user would likely pick up.

“The winners in the crypto race will be decided by vendors and users,” said Dotcom.

“What do vendors and users want? Low fees, fast transactions, high security and ease of use. Vendors and users won’t hear or care about the tribal hysteria in the cryptoverse.”

The entrepreneur’s comments came as BCH proponent Roger Ver reported that the token was currently being traded “for about $6,000 each” inside Grayscale Investments’ Bitcoin Cash trust, compared to BTC selling for $30,000 in the firm’s Bitcoin Trust. The company holds roughly $15.3 billion crypto assets under management as of today. However less than 0.5% of the total — $71.2 million — is in the Bitcoin Cash trust.

The price of Bitcoin Cash is $309.98 at the time of publication, having risen 19.5% in the last week.

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Bitcoin Billionaire Tim Draper Buys BCH, Thanks Roger Ver For The “Innovation”

Roger Ver and his team are reviving Bitcoin Cash with the launch of a competitive BCH Futures

Billionaire investor and Bitcoin bull Tim Draper has announced that he recently bought Bitcoin Cash (BCH). In a tweet, he thanked Roger Ver for the “innovation and referred his followers to Bitcoin.com, saying BCH is easy to buy and use. This comes as a major surprise as he is a strong bitcoin proponent. Bitcoin Cash […]

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Prepping for an Airdrop: Prominent BCH Community Members Bid Bitcoin ABC Devs Farewell 

Prepping for an Airdrop: Prominent BCH Community Members Bid Bitcoin ABC Devs Farewell On August 18, 2020, the Bitcoin ABC development team announced a “feature freeze,” which will include a new Infrastructure Funding Plan (IFP) and a week later explained it was also initiating a “governance council.” Despite the recent announcements, Bitcoin ABC has lost considerable support and it appears the project will separate from Bitcoin Cash come […]

The post Prepping for an Airdrop: Prominent BCH Community Members Bid Bitcoin ABC Devs Farewell  appeared first on Bitcoin News.

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