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‘I Wanted to Punch Kanye’ — Free Speech Waffler Elon Musk’s Nonsensical Take on Bitcoin, CBDCs, and Censorship

‘I Wanted to Punch Kanye’ — Free Speech Waffler Elon Musk’s Nonsensical Take on Bitcoin, CBDCs, and Censorship“Vox Populi, Vox Dei, man.” So says self-proclaimed Chief Twit Elon Musk from a private jet flying high above the world during a Twitter Spaces appearance on Sunday, Dec. 4 (JST). It does sound nice to say, but the voice of the mob should never be the voice of “God.” The reasons are myriad. Suffice […]

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Coinbase Wallet Drops Support for XRP, Stellar (XLM), Bitcoin Cash (BCH) and Ethereum Classic (ETC)

Coinbase Wallet Drops Support for XRP, Stellar (XLM), Bitcoin Cash (BCH) and Ethereum Classic (ETC)

Top US crypto exchange Coinbase says it will end support for crypto assets with low usage on its self-custody digital wallet. According to Coinbase Wallet, it will pull out the plug for XRP, Stellar (XLM), Bitcoin Cash (BCH) and Ethereum Classic (ETC) by next year. “After careful evaluation, we will be removing support for several networks […]

The post Coinbase Wallet Drops Support for XRP, Stellar (XLM), Bitcoin Cash (BCH) and Ethereum Classic (ETC) appeared first on The Daily Hodl.

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Coinbase Wallet will stop supporting BCH, ETC, XLM and XRP, citing ‘low usage’

The crypto wallet plans to stop support for the four tokens on Dec. 5, but added any remaining funds would still be tied to users' existing addresses.

Starting on Dec. 5, the Coinbase Wallet will no longer support four major tokens.

In a Nov. 29 notice on its help pages, Coinbase said the wallet will no longer support Bitcoin Cash (BCH), XRP (XRP), Ethereum Classic (ETC), and Stellar (XLM) as well as their networks. The crypto firm cited "low usage" of the four tokens in its decision to stop support starting on Dec. 5.

"This does not mean your assets will be lost," said the announcement. "Any unsupported asset that you hold will still be tied to your address(es) and accessible through your Coinbase Wallet recovery phrase."

Source: Coinbase

This story is developing and will be updated.

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Biggest Movers: BCH Climbs to 1-Week High, DOT Declines

Biggest Movers: BCH Climbs to 1-Week High, DOT DeclinesBitcoin cash rose to a one-week high in today’s session, despite crypto markets mostly trading lower. The global cryptocurrency market cap is down by 2.45% as of writing, which comes as traders reacted to rising geopolitical tensions. Polkadot was a notable token to slip, as prices collided with a key support point. Bitcoin Cash (BCH) […]

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Caribbean nation St. Kitts and Nevis may adopt Bitcoin Cash as legal tender by March 2023

The country’s prime minister says it is considering introducing Bitcoin Cash on a legal basis, despite being within the territory of the pioneering CBDC DCash.

The Caribbean nation of St. Kitts and Nevis may declare Bitcoin Cash (BCH) legal tender by March 2023. Prime Minister Terrance Drew made that announcement while he spoke at the Bitcoin Cash 2022 conference in St. Kitts on Nov. 12.

St. Kitts and Nevis is a member of the Eastern Caribbean Central Bank and part of the ECCB’s DCash central bank digital currency (CBDC) program, which was launched in March 2019. “Our nation has always been a forward-thinking nation and a leader in exploring new technologies that can advance our people,” Drew said, but he added:

“I can confirm that we are prepared to explore that possibility with the guidance of experts and professionals and after consultation with our regional banking system. […] I welcome the opportunity to dialog further with a view to exploring future opportunities to engage in Bitcoin Cash mining and making Bitcoin Cash legal tender here in St. Kitts and Nevis by March 2023, once safeguards to our country and our people are guaranteed.”

Bitcoin Cash was created from Bitcoin (BTC) in a 2017 fork. The DCash program has had technical problems that have impeded adoption. Besides introducing new competition to DCash, the Caribbean nation may be eyeing its replacement. Sint Maarten Member of Parliament Rolando Brison spoke after Drew and expressed his support for Bitcoin Cash and his opposition to a CBDC.

Related: Bitcoin think tank: Reject CBDCs and look to BTC and stablecoins instead

Brison opposed CBDC as “too much of a danger to consider.” He said:

“I love the fact that in our jurisdiction, the central bank has at least been open enough to say and admit, ‘We don’t have the capability to monitor and engage and promote and safeguard something like this.’ […] If they can’t properly regulate the banking sector, […] why would I give them now a huge mandate to do something that they have no idea about? […] The legislator should be the one to have a say on what happens in regulation.”

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St. Kitts and Nevis to Explore Possibility of Making Bitcoin Cash Legal Tender by March 2023

St. Kitts and Nevis to Explore Possibility of Making Bitcoin Cash Legal Tender by March 2023St. Kitts and Nevis will explore the possibility of making bitcoin cash legal tender by March 2023. The statement was made by St. Kitts and Nevis Prime Minister Terrance Drew as part of the Bitcoin Cash 2022 Conference held in the country, declaring that Bitcoin Cash mining activities will also be explored in the same […]

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Programmer spends 69 nights in ‘Bitcoin Cash City’ using only BCH: Here’s how it went

Silverblood says using Bitcoin Cash as payment method “makes sense” because it's part of his income and "it's less effort than some of the other forms of payment I use."

When programmer Jonathan Silverblood flew to Townsville, Australia from his Finland home for a two-and-a-half-month holiday in August, he had one main task — pay for everything he could using Bitcoin Cash (BCH).

The coastal city of Townsville is known as the “Bitcoin Cash City,” a name derived from a conference of the same name that first launched in 2019. It is understood to have a strong number of merchants that accept the Bitcoin-forked token.

Silverblood said while attending the conference in 2019, he was intrigued by the number of merchants and vendors offering BCH as a payment option in Townsville and had planned a return to the city once COVID-19 restrictions were lifted.

"Going to this destination was entirely about using BCH and was also kind of an excuse to spend more than I usually do, while simultaneously getting more work done by letting family and kids have a vacation with their grandma," he told Cointelegraph after he returned home from the trip. 

"Using it to pay for things while I was there just made sense, partially because I already have my income paid in BCH, and partially because it's just so much less effort than some of the other forms of payment I use."

Silverblood is a Bitcoin Cash enthusiast and programmer. He has been working at General Protocols for the last three years where his salary is paid in BCH.

He noted that in the 69 nights he spent in the city, he was ultimately able to conduct 130 transactions using Bitcoin Cash. These included goods and services at cafes, restaurants, and hotels, getting a tooth pulled at a dentist, a haircut, and getting a Steam Deck gaming console repaired.

"Some days were pretty busy; we would buy breakfast, lunch, ice cream, bread and dinner, but sometimes my family wanted to go elsewhere rather than eat at the specific BCH accepting merchants."

Silverblood also made several payments using BCH that weren't with businesses in Townsville, including Steam and Netflix gift cards, “plus a few bills back home.”

However, his Bitcoin Cash-funded holiday was not without its hiccups. 

Silverblood says his experience using BCH as a payment method was successful but not "wildly successful" because of issues with payment terminals running out of power, WiFi access and some merchants being unable to offer crypto as an option at the time of payment.

"When I got to the airport in Townsville I also wanted to pay for a cab ride to the hotel, but a competing cab company bought up the cab company that took BCH, so that was no longer an option."

He also found that not all merchants were open to the idea of using BCH because they did not want to "complicate bookkeeping" and "couldn't stomach the volatility."

"For most merchants I spoke with during my trip, it seems to just be that the number of customers paying with crypto is just too small to motivate additional staff education costs, additional hardware like WiFi and payment terminals," Silverblood said.

"Cryptocurrencies are here, and they work, but merchant adoption is slow and spread out, which makes it hard to live entirely off,” he added.

Silverblood said he also didn't end up buying his plane tickets with BCH, as his family wanted to fly Qatar Airways specifically, which doesn't currently accept crypto as a payment method. 

This is despite the airline launching their own Metaverse in July.

Related: 21-year-old got ‘thought-provoking’ questions after teaching crypto to old folks

Silverblood and his family have since returned home to Finland, but the programmer is confident this won't be the last time he will use crypto to pay for goods and services.

"I will absolutely try and do something like this again, in just a few weeks, I'm flying over to another Bitcoin Cash hotspot, St Kitts, for the BCH 2022 conference," he said.

"I don't know what to expect there though, I've heard everything from 100% all merchants accept it, only half do, and merchants will accept it, but you need a special wallet."

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The Size of Bitcoin’s Distributed Ledger Nears a Half Terabyte

The Size of Bitcoin’s Distributed Ledger Nears a Half TerabyteWell over a decade ago, on January 3, 2009, the size of the Bitcoin blockchain was 0.285 kilobytes (kB) or around 285 bytes. Today, however, the blockchain’s ledger is nearly half a terabyte, or roughly 432 gigabytes. Bitcoin’s Blockchain Nears 500 Gigabytes in Size On October 15, 2022, the Bitcoin (BTC) blockchain is getting closer […]

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Decentralized App BCH Bull Prepares for Launch, Platform Allows Users to Long or Hedge Bitcoin Cash Against a Myriad of Tradeable Assets

Decentralized App BCH Bull Prepares for Launch, Platform Allows Users to Long or Hedge Bitcoin Cash Against a Myriad of Tradeable AssetsJust recently the developers behind the Bitcoin Cash-centric project Anyhedge released the alpha version of the Anyhedge Whitelabel and since then, 284 smart contracts were created onchain, and more than $32,900 in funds hedged using the alpha protocol. Furthermore, this month, General Protocols, the engineers behind Anyhedge, revealed the team plans to launch a decentralized […]

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Tether Reveals USDT Stablecoin Is Now Supported by Polkadot

Tether Reveals USDT Stablecoin Is Now Supported by PolkadotTether is now live on 15 different blockchain networks, according to the company’s latest announcement on Friday as the firm detailed that it is now supported by the Polkadot blockchain system. The stablecoin’s new support follows the token being added to the Near Protocol 11 days ago. The news further follows Tether being ordered by […]

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