Crypto miner Canaan will be listed in the US in November

In July, Chinese crypto-mining service giant Canaan Creative filed for an IPO in the U.S., seeking to raise $200 million from investors. Now it is reported that the company will be listed by the middle of November.

According to a source, Canaan is expected to issue 1.26 billion shares which have been available for subscription starting on October 6, and will close on October 20.

The Chinese cryptocurrency mining giant set a valuation of between $2 billion and $3 billion after issuing the 1.26 billion shares. Should the company follow through with plans to be listed in November, they would become the first of the three Chinese crypto mining giants to go public within the country, jumping ahead of Bitmain and Ebang. All three have filed for an IPO application to go public in Hong Kong, but Canaan recently let their application lapse without continuing the process.

In a statement, Kong Jianping, the co-lead director of Canaan, explained that the United States Securities and Exchange Commission (SEC) has a very good understanding of both blockchain and cryptocurrency. This makes it easy for the company to remain compliant with regulations once they go public in the country.

While it looks like a done deal and the U.S., Canaan has not had a lot of success with IPOs. In 2016, they tried to list on the Shenzhen Stock Exchange using a backdoor listing. This effort was thwarted when they were unable to meet the regulatory requirements.

A year later, they submitted an IPO listing application to the NEEQ but would abandon their efforts in less than a year after finding the policy environment impossible to work with. Undeterred, they filed an application with the Hong Kong exchange in May 2018, but the company allowed it to lapse six months later.

It appears that their efforts now have been solely dedicated to getting up and running in the U.S. before attempting to file for an IPO in other countries.

Canaan was founded in 2013 and is known for producing the first crypto mining hardware in China, the Avalon miner. This miner is customized with superfast ASIC chips which has nearly removed computer mining from the process.

In 2017, the company reported that they shipped nearly 300,000 of these bitcoin mining machines across the globe. That gives them 20.9% of the entire global market share and they are currently the second-largest producer of all cryptocurrency miners.

Crypto could be ‘money of the Internet’: Hester Peirce

Financial regulators are too paternalistic. This is the viewpoint of “Crypto Mom,” better known as U.S. Securities and Exchange (SEC) Commissioner Hester Peirce. She earned her moniker for calling out regulators on several occasions for their heavy-handed approach to digital currencies and she’s back again, stating that it’s possible crypto could eventually become the money of the Internet.

Peirce was on hand for the Digital Asset Compliance and Market Integrity (DACOM) Summit held Thursday in New York, where she conducted a Q&A with attendees that focused mostly on the state of digital currencies and their regulatory oversight. Always excited about the prospects for blockchain and crypto innovation, she stated, “It’s been an honor to be adopted by a group of people who are really thinking in such exciting and interesting ways and trying to think about ways to change the world,” adding that, as the technology advances, digital currencies will become “much more the money of the Internet.”

Crypto Mom also took a few minutes to reiterate her stance that the SEC is not giving digital currencies their fair attention. She asserted, “If you want a government that’s more forward-thinking on innovation, that means that if something goes wrong, you can’t go running back to the government and say ‘Hey, you didn’t protect me from myself!’ …I think we need to be a little less paternalistic.”

Peirce has become somewhat disenchanted with how slowly the SEC is moving on crypto-related activity. A case in point is how long it is taking to make a decision on crypto exchange-traded funds (ETF), still not able to draw its own conclusion more than two years after the subject first came up. It has repeated sought delay after delay in making a decision, only to ultimately shoot all crypto ETF requests down.

She asserted during the summit, “When I came to the SEC one of my hopes was to help change the way it addresses innovation. In my first round I saw it was slow.” Peirce believes that this slow approach is one of the reasons the U.S. is losing its technological edge and becoming less competitive, a viewpoint that has been shared by other regulators and lawmakers for some time. However, until SEC Chairman Jay Clayton either opens his eyes or is replaced, the odds of significant changes being made are slim.

Since commissioners serve five-year terms and Clayton has been in for just over two, it could still be a while before someone else is at the helm.

Edward Snowden promotes Bitcoin to get around US lawsuit

The literary world is being taken by storm by Edward Snowden whose new book, “Permanent Record,” is titillating readers with stories of how the U.S. government is routinely invading the privacy of people around the world. As the global super power once again attempts to silence the world’s most public whistleblower, he’s responded in an embrace of Bitcoin.

While the U.S. can’t stop the publication of Snowden’s book, or censor it in ways it would like to, it has figured out an ingenious way to take revenge on his latest attempt to shed light in the darkness. On September 17, the U.S. filed a lawsuit against the man and his publishing partners, hoping to seize all proceeds from its sale.

They did so on the grounds that by not submitting the memoir to either of the CIA or NSA, Snowden’s former employers, he breached his contractual fiduciary obligations and should not profit from the contents within. “We will not permit individuals to enrich themselves, at the expense of the United States, without complying with their pre-publication review obligations,” said Jody Hunt, Assistant Attorney General of the Department of Justice’s Civil Division, in an accompanying press release.

Snowden, who has only sparingly mentioned cryptocurrency in the past, took the new lawsuit as an opportunity to pump Bitcoin as a method to get around these new U.S. sanctions.

Before you hurt yourself patting Snowden on the back for this thoughtful evasion of the government, his history of discussing digital currency is not too different than his thoughts on U.S. surveillance.

Much as he thinks his previous work as the CIA and NSA was an invasion of citizen’s privacy, he’s previously said that, while he’s used Bitcoin in the past, he dislikes it’s public and immutable ledger, as it provides yet another way for the government to track citizens. Preferring privacy and perhaps anonymity, he’s shown a preference for Monero and ZCash, two privacy coins.

His suggestion that this whole ordeal is good for Bitcoin is just in that the government can’t regulate digital currency transactions at the moment, and his offramps in Russia are likely to be more lenient than in countries where cryptos are more strictly regulated. It’s unlikely he’s changed his thoughts regarding public blockchains otherwise.

IRS takes 5 years to respond to Bitcoin FOIA request

IRS takes 5 years to respond to Bitcoin FOIA request

After a five year wait, a Freedom of Information Act (FOIA) request about Bitcoin has finally been fulfilled. Senior Investigative Reporter Jason Leopold made the request in 2014 of the U.S. Internal Revenue Service (IRS), to find out what their policies were on the cryptocurrency. They finally delivered on April 3, 2019.

Leopold tweeted about the documents he received. First, a data disc was delivered to his address, with a description of what files were on the disc. The files were password protected though, so Leopold had to wait until the next day when another letter with the password came.

Held inside was a 969-page document regarding the IRS’s Virtual Currency Guidance in its Internal Revenue Bulletin 2014-16. 182 pages that were originally in the document were held back though, as the IRS claimed those pages covered classified information.

Normally, FOIA guidelines state that an agency has 20 days to turn over documents once a request is made. In special cases, they can ask for more time, which the IRS would have had to do dozens of times to stay on the right side of the law in this case.

One of the more notable requests that has been flat-out refused was about the true identity of Bitcoin creator Satoshi Nakamoto. In May 2018, the National Security Agency (NSA) replied to a request stating that the answer is currently classified.

We don’t really need a FOIA request to get at that answer though. Dr. Craig Wright, the Chief Scientist of nChain, has proven beyond a doubt to the ownership of CoinGeek that he was the main architect of Bitcoin, and that it was he who conceived and used the pseudonymous name of Satoshi Nakamoto. He’s since gone on to be an integral part of the rebirth of Bitcoin as Bitcoin SV (BSV).

The NSA might eventually have their information declassified and confirm that for the rest of the world, but if they don’t, it’s not the end of the world. In the meantime, BSV is pursuing its mission of massive on chain scaling.

If that goal excites you, why not join other BSV enthusiasts at the CoinGeek Toronto conference this May. Registering is easy, and you can save money by paying with BSV through Coingate.

'Blockchain will belong to us': Putin calls dibs on blockchain

‘Blockchain will belong to us’: Putin calls dibs on blockchain

The Russian president is reigniting a decades-old rivalry saying the US has the Internet, but blockchain technology will be Russia’s.

Both start-up companies and established industry giants are scurrying to cut a piece of the market as blockchain technology ushers in a lot of possibilities and drives several existing practices into obsolescence. But private companies are not the only ones who are going in on the blockchain race. Several governments are also working on their own projects in their bid to be on the front line of the industry, or at least to keep from falling behind.

As early as now, Vladimir Putin is eager to plant the Russian flag on the technology, even if only through a verbal claim (for now). As if it were another Moon race, the Russian president was quick to reignite a decades-old rivalry.

“Look, the Internet belongs to the Americans,” Putin says, “but blockchain will belong to us.”

Putin has been openly interested in and actively endorsing blockchain technology. In June last year, he met with Ethereum founder Vitalik Buterin. Just a few months ago, he met with Herman Gref, the president of Russia’s largest bank, Sberbank, and endorsed the technology, saying the country needs further progress—beyond what they already have. Below is a rough translation of his statement:

“Other colleagues and citizens of the country may ask: Why do we need all this? If we have everything—we have oil, gas, coal, metals of all kinds…gold, platinum, diamonds—everything.”

“But we need to advance further—this is what we need. And we have to work for this,” he added. “One of our colleagues, the former oil minister of an Arab country said: ‘the Stone Age has not ended due to the lack of stones, but because new technologies have appeared. And new technologies are appearing in the world now.”

He added that those who are “late in the race” will quickly become dependent on those who were in the lead.

And despite Russia’s alleged involvement in the US elections, the nation was actually quick to tap on blockchain technology to curb corruption and provide better transparency in voting. Early this year, they started a pilot run for a blockchain-based e-voting system called Active Citizen, although the application was limited to non-political decisions like speed limits and bus routes.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Regulation is coming: SEC commissioner slams ICO industry

Regulation is coming: SEC commissioner slams ICO industry

The U.S. Securities and Exchange Commission (SEC) has been intensifying its rhetoric around regulating initial coin offerings (ICOs) in recent months, as the regulator increasingly turns its attention to token crowdsales and the wider cryptocurrency space.

Now, in one of the starkest official criticisms to date, a serving commissioner at the securities regulator has criticised the current state of the ICO space, suggesting investors are currently finding it difficult to separate genuine opportunities from opportunistic scams and frauds.

SEC Commissioner Robert Jackson said the current situation with ICOs was the reason the SEC exists in the first place.

“Investors are having a hard time telling the difference between investments and fraud…If you want to know what our markets would look like with no securities regulation, what it would look like if the SEC didn’t do its job? The answer is the ICO market,” Jackson told CNBC.

Citing “troubling developments” in the sector, he continued to say the commission’s priority was to protect investors who might be drawn in: “Right now we are focused on protecting investors who are getting hurt in this market.”

However, Jackson was more optimistic about the future for ICOs, which he sees as inevitably subject to existing US securities laws, telling the news outlet: “Down the road, I think we will be thinking about ways to make those investments work consistent with our securities laws.”

Jackson’s comments come in the wake of several other high profile announcements from US authorities around ICOs and cryptocurrencies. A divisional director of the SEC confirmed at a hearing in the House of Representatives last week that the securities regulator has been working towards a regulatory framework for ICOs, while a former executive from the CFTC confirmed his personal view that many ICOs, including those for cryptocurrencies like Ripple’s XRP and ETH, could ultimately be found to be securities.

It seems inevitably at this stage that the SEC will look to introduce firmer regulation around ICOs and new cryptocurrency tokens. It remains to be seen whether this will help reduce instances of fraud and deception, already too prominent with investments of this kind.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
CFTC ‘cryptodad’ chairman to retire in 2019

CFTC ‘cryptodad’ chairman to retire in 2019

The cryptocurrency community is about to lose a prominent voice. J. Christopher Giancarlo, chairman of the U.S. Commodity Futures Trading Commission (CFTC), has announced his intention to retire following the completion of his current term in 2019. Giancarlo, who was given the nickname “cryptodad” after positive comments he made to the U.S. Congress regarding cryptocurrency, has been a supporter and one of the most important proponents of digital currency in the nation’s capital.

During a congressional hearing earlier this year, Giancarlo won significant favor with the crypto community when he said, “It strikes me that we owe it to this new generation to respect their enthusiasm to respect their enthusiasm about virtual currencies with a thoughtful and balanced response, not a dismissive one.” That was seen as a virtually blessing by one of the most important financial figures in Washington, and resulted in a collective cheer among cryptocurrency enthusiasts.

Due in no small part to Giancarlo’s attitude toward the subject, the CFTC has been involved in the creation of two regulated Bitcoin futures products. Both launched last December and are found on the CBOE and CME exchanges. Many opponents expected the assets to implode, but the opposite has happened. They have been trading in an organized manner and have continued to see an increase in trading volume.

The CFTC has also helped to police the cryptocurrency industry, taking an active role in seeking out frauds and scams. Giancarlo’s term will end on April 13, 2019, but he has indicated that he is willing to stay onboard until U.S. President Donald Trump decides on a successor. Giancarlo has not provided details on why he’s retiring; however, a clue may come from the federal budget signed by Trump in March. The CFTC’s budget was reduced by $1 million, while that of the Securities and Exchange Commission (SEC), which seems to have launched a war on cryptocurrencies and initial coin offerings (ICOs), saw its budget increase by 3%.

Giancarlo has been a loud voice for cryptocurrencies, even repeatedly tweeting his support for the space. This has generated some fallout by critics and cryptocurrency opponents, who have argued that he should not consider any decisions that would define cryptocurrency as an asset class.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
IBITX draws SEC ire over questionable crypto operations

IBITX draws SEC ire over questionable crypto operations

True to its assertion that it would begin an industry-wide crackdown on cryptocurrency-related companies, the U.S. Securities and Exchange Commission (SEC) has set its sights on another business. This time, the securities regulator has temporarily suspended all trading activities of IBITX Software.

The company was operating the IBITX over-the-counter (OTC) exchange as a “Dynamic new type of currency exchange which matches new Initial Currency Offerings (ICOs) and those interested in buying those currencies in a single platform.” It boasted of being one of the first cryptocurrency exchanges that brought together a fiat-to-crypto platform and crowd sales. It had been trading on the OTC Markets under the symbol IBXS and had a market cap of around $143 million before being suspended.

IBITX is registered as a New York corporation, but lists its primary place of business as the Philippines. The SEC took the decision to suspend the company due to the accuracy of unspecified information found in company press releases and disclosure statements that were published for investors.

One possible source of the SEC’s ire could come from a press release issued by the company on April 9. In it, IBITX announced the creation of cryptocurrency exchange software that could be licensed to financial service providers, brokerage houses and jurisdictions where cryptocurrency trading is allowed. The software purportedly offered the receiving companies the ability to create its own coins and ICOs, and gave the impression that these were automatically authorized for release without additional registration with the SEC.

SEC’s suspension order went into effect on April 23, and will end on May 4.

The SEC is beginning to take a seriously hard look at all companies in the cryptocurrency industry, especially those that offer ICOs. Several private companies, as well as exchanges, have already come under fire this year, and there are reports that the agency is working on “several dozen” more cases. After having its annual budget increased by 3% this year, the SEC is already finding ways to spend the extra funds.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Ethereum

Ethereum, Ripple tokens could be securities, says former CFTC head

Two of the world’s largest cryptocurrencies could, in fact, be securities, according to the former chief of the U.S. Commodity Futures Trading Commission (CFTC).

Major cryptocurrencies like Ether (ETH) and Ripple (XRP) still operate in a largely unregulated environment, and according to former CFTC chairman Gary Gensler, they could yet still run into difficulties with U.S. regulators.

The comments are significant since securities are regulated in the U.S., as with most developed economies worldwide.

In comments delivered at an MIT blockchain event, Gensler confirmed his personal view that ETH and in particular Ripple’s XRP token, should be classified as securities. Citing the Howey Test, which can be used to decide when an investment is a security, Gensler told delegates that both Ethereum and Ripple tokens could be “operating outside of U.S. laws.”

Classification as a security brings a new level of scrutiny for any financial instrument, with specific regulation under the watch of the Securities and Exchange Commission a legal requirement before any security can be sold.

The specific features of ETH and XRP, including the fact they were launched via initial coin offerings (ICOs), means they fall within the parameters of the Howey Test, and should be regulated as securities, according to Gensler’s argument.

However, he highlighted that Bitcoin (BCH) would not be classed as a security on the same basis, because it was not launched with an ICO.

If the comments give any insight into the attitude of U.S. regulators, there could well be ramifications for those crypto tokens legally deemed to be securities, with severe penalties for those responsible for any breach in securities laws.

In response, a statement from Ripple dismissed the idea that their token should be regulated as a form of security.

In an email to Bloomberg, the Ripple spokesperson said the company doesn’t believe XRP should be classified as security since it “does not give its owners an interest or stake in Ripple and they are not paid dividends.”

“XRP exists independent of Ripple, was created before the company and will exist after it. Ripple has always promoted XRP as a useful digital asset for enterprise payments because it’s faster, more scalable and more inexpensive than other digital assets. That utility exists completely separate from Ripple,” according to Ripple’s statement.

The Ethereum Foundation has yet to respond to Gensler’s statement.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Third man in Mayweather-backed $32M ICO faces fraud charges

Third man in Mayweather-backed $32M ICO faces fraud charges

In a further debacle for the initial coin offering (ICO) sector, the U.S. Securities and Exchange Commission has announced additional fraud charges stemming from its investigation into Centra Tech’s $32 million token crowdsale.

One of Centra’s co-founders, Raymond Trapani, was charged with violating the anti-fraud and registration provisions of the federal securities laws in connection with the 2017 ICO, in which the company issued CTR tokens to investors. Centra’s two other founders, Sohrab Sharma and Robert Farkas, have already been charged for their participation in the alleged fraud.

In a statement, SEC Enforcement Division’s Cyber Unit Chief Robert Cohen said the three “went to great lengths to create the false impression that they had developed a viable, cutting-edge technology.”

Sadly, this is only one of many Ponzi-like situations which cryptocurrency investors have found themselves in—one recalls the Bitconnect and USI-Tech schemes, in which millions have reportedly been lost to alleged fraud with ongoing lawsuits likely to drag o for years.

In its charge sheet, the SEC claimed that Trapani was the main mastermind behind Centra’s ICO which was deemed to be fraudulent due to the fact that it made fictitious and untrue claims about its relationships with several major credit card companies that did not exist. The ICO depended heavily on celebrities and social media to market their scheme. Boxing champion Floyd Mayweather Jr. was one of the celebrities who were heavily paid to promote the ICO. He also endorsed Centra Tech in September, although his Instagram post has since been removed.

Trapani also allegedly created a fictional biography about his experience in the finance industry as well as false descriptions of the company’s products, according to investigators. The complaint also stated that both Trapani and Sharma entered into illegal trading to manipulate the price of the CTR tokens to generate interest and inflate the price artificially.

Another worrying aspect of the case is the uncovering of text messages sent between the shareholders to remove any references to a particular bank after receiving a cease and desist order: “[w]e gotta get that s[***] removed everywhere and blame freelancers lol.” And additionally, while trying to list the CTR Tokens on an exchange using false credentials, Trapani texted Sharma to “cook me up” a false document, prompting Sharma to reply, “Don’t text me that s[***] lol. Delete.”

The SEC’s complaint seeks permanent injunctions against Trapani, as well as the return of allegedly ill-gotten gains plus interest and penalties. It also seeks to prohibit Trapani from serving as a public company officer or director and from participating in any offering of digital or other securities.  In a similar action, the U.S. Attorney’s Office for the Southern District of New York also announced criminal charges against Trapani.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Walmart punts on blockchain tech to secure payment data

Walmart punts on blockchain tech to secure payment data

The U.S Patent and Trademark Office (USPTO) published two patent filings by Walmart describing blockchain-based applications that will help secure payments and protect private information from third parties.

The first patent filing is for a vendor payment sharing system that will help customers order items online and still have the wide selections of in-store shopping. The proposed vendor payment system will have a network that can automatically conduct transactions on a customer’s behalf.

The system will have a computer device, which customers can use to access and received data, and a server, which is programmed to receive information from the customer computer device including “an acceptance indication of the products delivered from a courier service.”

“The server is also programmed to automatically process payment for a total amount due for the products and services related to obtaining and delivering the products and to automatically divide the payment between parties that provided services related to obtaining and delivering the products. The system further may be programmed to encrypt the payment and the division of the payment with a blockchain,” according to the filing

The second patent is for a courier shopping system that will use a blockchain to encrypt payment information. In this system, courier orders are automatically generated after a customer completes and sends his or her shopping list. The system can select a substitute for the item depending on the customer’s preference data in cases where the item is not available in the marketplace. It will also provide information on payments between the vendor and the customer.

The decentralized nature of the blockchain technology and its ability to keep records secured has made various institution seek to use it to make better systems for their operations. PayPal filed a patent for a blockchain-based transaction system to be used when making payments in their platform.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Riot Blockchain comes under fire

Riot Blockchain comes under fire, faces NASDAQ delisting

Riot Blockchain jumped from biotech to blockchain in 2017, which resulted in its stock jumping, as well. Now, the company is being called to the carpet after the U.S. Securities and Exchange Commission (SEC) sent a subpoena, warning Riot that it is facing possible removal from NASDAQ for not adhering to policies.

In a public filing, Riot revealed that the securities regulator wanted to know the amount and classification of the company’s assets. The filing went on to say, “The Company believes that many companies engaged in blockchain and cryptocurrency businesses have received subpoenas from the SEC which presents an additional industry risk. The existence of an investigation of the Company specifically and the industry generally could have a materially adverse effect on the Company, its business or operations, and the industry as a whole.”

Later in the filing, Riot addressed the issue of possibly being delisted from NASDAQ, the tech stock index. Riot mentioned that it had been given a “Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard from NASDAQ.” In order to remain on NASDAQ, companies must conduct an annual shareholders meeting. Riot was supposed to hold the meeting prior to the end of 2017, but failed to comply. NASDAQ has now given the company an extension until May 15, but Riot announced in the filing that it doesn’t believe it will be able to meet the deadline, stating, “There is no assurance that we will be able to garner a quorum for the reconvened meeting. If no shareholders meeting is then held, we will likely be delisted from NASDAQ.”

Riot was previously a diagnostic equipment maker for the biotech industry. When it announced last year that it was getting into blockchain, its stock shot up and more than doubled. Now, as a result of the two announcements, it’s down again. The price fell 5% on Wednesday to $6.91, marking an 85% freefall from the company’s high of $46.20 last December.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.