Bitcoin Cash Completes New Hard Fork – November 16

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $16,290

Bitcoin price dipped and recovered over the weekend, briefly falling into the high $15,000 range. It has since reclaimed the $16,000 mark to begin Monday.

Top-20 altcoins are mostly down over the last 24 hours, as Ethereum falls almost 2%, XRP drops less than 1%, but Litecoin rallies with a gain of almost 6%.

Top Stories for November 16, 2020 πŸ”₯

πŸ‘‰ Bitcoin Cash Completes New Hard Fork

Bitcoin Cash has undergone its new hard fork today, splitting into two new coins: BCHN and BCH ABC.

The fork proposed the integration of an 8% redistribution of newly mined Bitcoin Cash to a development fund, which appears to not have been popular with miners.

BCH ABC had received no has power at the time of the original article, and has since fallen behind the BCHN chain by around 100 blocks.

πŸ‘‰ Binance to Discontinue British Pound Stablecoin BGBP

Binance has announced that it will be discontinuing its stablecoin BGBP, which is pegged 1:1 to the British Pound.

The exchange says that the stablecoin was an experiment which worked, but provided a sub-optimal user experience with its issuance and redemption process.

πŸ‘‰ Yet Another DeFi Hack – “Value” Protocol Loses $6M

Value Protocol is the latest decentralized finance (DeFi) to be hacked for a significant sum of money, as it loses $6 million over the weekend to a flash loan exploit.

A prominent white-hat hacker called the exploit one of the most complex he had ever seen, in part because the hacker used two flash loans to execute the attack.