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Monday, November 13, 2017

Crypto News: Bitcoin cash briefly replaced rival digital coin ether as the second-largest cryptocurrency

Bitcoin cash briefly replaced rival digital coin ether as the second-largest cryptocurrency

A cryptocurrency that split away from bitcoin was temporarily the second-largest virtual currency by market value on Sunday.

The market capitalization of bitcoin cash surged to more than $41 billion on Sunday at 2:29 a.m. ET, according to data by industry website Coinmarketcap. It dipped to $22 billion at 10:30 p.m. ET.

Bitcoin cash usurped rival digital coin ether — the digital token of the ethereum blockchain — becoming the second-largest digital currency by market cap for a number of hours.

Vitalik Buterin, co-founder of Ethereum, congratulated backers of the bitcoin offshoot on Twitter.


Full story at http://cnb.cx/2hwJxpY


Source: CNBC


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