Earn Passive Income on Your BCH with Bitrue’s Power Piggy

Bitrue exchange's 'Power Piggy' product enables you to effortlessly stake a wide array of digital assets and earn passive interest rates of up to 13%.  The exchange is keen to supply users with numerous opportunities to control their finances and earn an extra income. The most recent result of that effort is another new digital coin that you can now add to your interest-earning via Power Piggy.  As per an announcement on Twitter on April 3rd, 2020, crypto traders can…

Bitrue Enhances Its Power Piggy Offerings with Improved Interest Rates

Leading financial services platform Bitrue announced their intentions to adjust the interest rates of EOS, LTC, and BCH in their Power Piggy program to a baseline of 5.3%, starting with the interest distribution on June 5 at 16:00 UTC.  Bitrue exchange has always been a disruptive force in the financial industry, mainly focused on using crypto to offer financial services to the world's unbanked population.  The Singapore-based exchange has quickly become a favorite with members of the EOS, LTC &…

Both Long and Short Positions Valued at $230M Were Liquidated on BitMEX

In recent times, the Bitcoin (BTC) markets incurred volatility that led to the liquidations of long and short positions which affected both buyers and sellers remarkably. It is such that there was about $223 million in 24-hour margin calls on BitMEX platform being evenly spread between Bitcoin shorts and longs. As at press time, long positions liquidated were worth somewhat more than $111.5 million, while short positions worth $111.3 million. Long positions represent 50.04 percent of the total liquidation, while…

Post-halving Bitcoin Cash (BCH) On-Chain Metrics Still Declining

The first block reward halving event for Bitcoin Cash (BCH) happened on April 8, 2020, reducing its network's block reward by 50 percent as of block 630,000 and BCH miners hashing away at the network will now capture only 6.25 coins per block going forward, instead of 12.5. However, BCH fundamentals are still declining over a month after the event. Yassine Elmandjra of ARK Invest tweeted about the status of BCH about 16 hours ago, noting that its fundamentals are still declining after…

Bitcoin Network Remains Strong Following Halving

Bitcoin’s third block reward halving was completed on May 11 at the 630,000th block and the spot price incurred awesome bullish and bearish pressures as the F2pool miners took the last block reward of 12.5 BTC. Following the halving, Bitcoin Cash and Bitcoin SV networks recorded serious declines and this led to widespread speculation regarding a similar trend for Bitcoin. Nevertheless, it seems Bitcoin’s network is stronger than its forks. BCH and BSV networks recorded a great decline in hash rate after their halving which happened on…

General Protocols Startup Raises $1 Million to Develop DeFi on Bitcoin Cash

The General Protocols startup has been able to raise over $1 million in a seed funding round. It is now working on the development of its Decentralized Finance (DeFi) on Bitcoin Cash (BCH). This funding round enables the team based in Singapore to come up with their flagship product AnyHedge on Bitcoin Cash. As an open source derivatives tool, Anyhedge allows the creation of new markets with smart contracts when embedded by exchanges and OTC desks. The investors that provided…

I Paid Thousands of Dollars in Bitcoin Transaction Fees, Says Roger Ver

Roger Ver is a renowned supporter of Bitcoin Cash. He has claimed payment of thousands of dollars in Bitcoin fees many times on the Bitcoin network. The information was provided in a video on Twitter by Bitcoin Meme Hub. In the video, Ver said he paid the sum in Bitcoin uncountable times. https://twitter.com/BitcoinMemeHub/status/1250840996985933824 The Bitcoin fork, which happened in 2017 brought about differences in fees and speed. The fork split due to disagreements regarding the asset which eventually divided the community. Big blocks supporters desire faster transactions…

Grow Your BCH and Other Cryptocurrencies Using Bitrue’s Loans and Power Piggy Products

Bitrue extended its support to Bitcoin Cash (BCH) on its Loans and Power Piggy program, starting from April 3 2020. Bitrue is an advanced cryptocurrency exchange that also offers loans and staking services. Users can pledge one coin for another as a loan while maintaining rights to the pledged coins. Using the smart loans, not only can you pledge your coins to borrow BCH, but you can also get unlimited- time frame loans on five other coins, BTC, USDT, XRP,…

Indicators Reveal that Bitcoin and Other Cryptos may Uptrend

In the previous few days, Bitcoin and the entire cryptocurrency market performed well. Bitcoin attained a level of $7.2k, which is about a hundred percent from the approximately $3.8k bottom, established on the 13th of March. Even though there is a minimal upsurge, Bitcoin is trading at $6.8k, just below the levels observed before a crash. It seems impressive since it recovered in three weeks, and there is still a potential uptrend. In recent times, Bitcoin’s push over a main…

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