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Bitcoins / Breaking News / Cryptocoins

Bitcoin Cash to end year on a high

Bitcoin Cash, a hard fork of Bitcoin, opened for trading back on August 1st 2017. Since Bitcoin has been grabbing all the headlines in the recent months, the latest Bitcoin Cash news has increased the excitement surrounding digital currency

Thomson Reuters has reportedly added Bitcoin Cash to Eikon. Eikon is its Bloomberg terminal challenger platform, and seems to have been inspired by the surge of interests in cryptocurrencies. Bitcoin Cash data can be accessed by thousands of financial professionals through Eikon, allowing them to see every move of Bitcoin Cash price.

Launched in 2010, Eikon is Reuters’ financial information platform. Bitcoin was added to it in 2014 and it is linked with over 400 exchanges and OTC-traded exchanges.

This addition follows recent ones by Bloomberg when it added Ethereum, Ripple and Litecoin data to its service. A few days ago, BitPay announced that it will soon start processing Bitcoin Cash payments. This is expected to begin in early 2018.

BitPay made this announcement recently:

“Demand for Bitcoin transactions is outstripping capacity, causing miner fees to rise on the Bitcoin network. With average transaction fees already around $20, we understand that Bitcoin alone cannot handle the current demand for blockchain payments. You will also continue to only receive the settlement type you have chosen, with zero volatility risk from price swings.”

These developments are the result of Bitcoin Cash price inching higher consistently.

Since starting off at a value of around $400, Bitcoin Cash saw a peak of $2,245 yesterday after a matter of only four months. Bitcoin Cash surged to around $700 in august after its release, however it then dipped and floated around $300 in October and November. However, as you are reading this BCH has reached $2,283 as per Coinmarketcap.

Bitcoin and Bitcoin Cash have been making headlines almost daily, have gained attention of many investors and traders. It seems like Bitcoin Cash is now being considered by financial professionals and conventional financial software companies to be added to their platforms, which is fantastic news. Despite the mixed opinions on Cryptocurrencies, its looking like they are going to be around for a long time, especially with their use and price on a constant rise.

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Frances is a writer for Crypto Daily, and she is responsible for bringing you the latest news on everything that is related to the Crypto world. She has a keen interest in Cryptocurrencies, and has many years of experience writing in all different roles. She is incredibly passionate about writing, and this combined with her interest into the finance, and virtual currency sector means that you are kept up to date with all of the latest news and information regarding all cryptocurrencies.