Notes From the WEF: Cash Is Dead, Long Live Digital Cash

DAVOS, Switzerland – Consensus is building on one issue at the World Economic Forum in Switzerland: Cash is dead. “Physical money is out,” said B.S. Kohli, an economic advisor to the head of the Indian state of Punjab. Mothanna Gharaibeh, Jordan’s minister of digital economy and entrepreneurship, agreed. As of this year, Gharaibeh said, Jordanians can no longer pay for government services, from taxes to hospital bills, with cash. They must use electronic payment systems like bank transfers or mobile wallets.  “It’s going to be a tough transformation,” he said,…

Bitcoin Cash Miners Propose Controversial Soft Fork for Zcash-Style Development Fund

A group of bitcoin cash miners is preparing a soft fork to redirect some of the block rewards into a new zcash-style development fund. In a medium post Wednesday, Jiang Zhuoer, CEO of mining pool BTC.TOP, said that a group of some of the largest bitcoin cash mining pools were preparing to soft fork the network to implement a “short-term donation plan” that would cut block rewards by 12.5 percent in order to fund network development. “Investment in software and commons is crucial to secure a bright future for Bitcoin…

XRP, Ethereum and Bitcoin Cash Dive in Altcoin Purge: What’s Triggering It?

Top bitcoin rivals suffered major losses on Thursday after bulls failed to extend the last week’s wild upside price rally. Bitcoin SV’s BSV, after its stupefying climb before mid-January session, led the march downwards. The token fell by more than 9 percent on a 24-hour adjusted timeframe. Stellar’s XLM and Binance’s BNB followed suit, dipping by more than 6 and 5 percent, respectively. The least affected coins included Ethereum, XRP, and Bitcoin Cash, all of which fell in the range of 2-3 percent. Collectively, the ongoing altcoin purge prompted the…

Chrysler Building Owner Sells Stake in Zurich Property for ERC-20 Tokens and Cash

The new owner of the Chrysler Building is selling a property worth $135 million to a blockchain real-estate company, taking a fifth of the purchase price in tokenized securities. New York-based RFR Holdings, which purchased the Chrysler Building in a joint agreement in March 2019, agreed to sell its majority stake in a commercial property in Zurich to BrickMark, a Switzerland-based real estate agency. Announced Wednesday, BrickMark said roughly 20 percent of the purchase price will be paid in the firm’s BMT security token. The deal gives BrickMark 80 percent…

Ahead of Davos, What Can Cash Teach Us About Crypto?

This is part of a series of op-eds previewing the World Economic Forum in Davos, Switzerland. CoinDesk will be on the ground in Davos from Jan. 20–24 chronicling all things crypto at the annual gathering of the world’s economic and political elite. Follow along by subscribing to our pop-up newsletter, CoinDesk Confidential: Davos. Jill Carlson is a Principal on the investing team at Slow Ventures. The opinions below are her own. “Transactions are slow and costly.” “What is it backed by?” “Can we conduct anti–money laundering compliance?” “There are serious security flaws.”…

Bitcoin SV Officially Flips Bitcoin Cash: 3 Signs It’s Just a Pump And Dump

Bitcoin SV price extended its rally by more than 100% and climbed above $400.00. BSV surpassed the market cap of bitcoin cash, but let’s see if this rally can continue or not. Bitcoin SV price rallied significantly and above $300.00 and $400.00 against the US Dollar. It exceeded the total market cap of bitcoin cash and moved to the 4th There is a strong support forming near $350.00 on the 4-hours chart of the BSV/USD pair (data feed from Kraken). It seems like the price is now very far from…

BSV Soars 95% Challenging Its Original Fork Bitcoin Cash for Top 5

On Tuesday Bitcoin price (BTC) pushed through $8,600 and rallied all the way to $8,859 before taking what appears to be a breather near $8,750.  As reported earlier by Cointelegraph, crypto analyst Tone Vays predicted that if Bitcoin price gained above $8,600, $8,800 would serve as the next level of stiff resistance. At the time of writing Bitcoin is up 7.74% for the day and it appears that a strong trend reversal is in the making as the price has sustained above the descending channel trendline for the last 20-hours. …

Telegram Refusing to Tell SEC How It Spent $1.7 Billion of ICO Cash

The United States Securities and Exchange Commission (SEC) has filed a court order on Jan. 2 to compel the messaging platform Telegram into releasing details of how the funds raised in its initial coin offering, or ICO, have been spent. The SEC claims that the requested records are highly relevant to its ongoing case against Telegram, alleging that the $1.7 billion raised selling Gram tokens constituted an unregistered securities sale. Request for information The filing requests both testimony and documentation from Telegram relating to the amounts, sources and use of…

Bitcoin Cash Eyes Reversal After Bitcoin & Ethereum Upsurge

Bitcoin cash price is showing recovery signs from the $170 monthly low against the US Dollar. The price is currently consolidating above the $180 and $182 support levels. There is a key bearish trend line forming with resistance near $190 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to turn bullish once it settles above $190 and $195 in the near term. Bitcoin cash price is attempting an upside break above $190, whereas bitcoin rallied above $7,000. BCH/USD could start another increase…