The protests of Hong Kong remain high-paced even after the passage of 11 weeks. This has led to better BTC adoption [the HK Free Press accepts donations in the form of Bitcoin and Bitcoin Cash]. However, it seems that buyers are being outclassed by sellers at present.
“If there were nothing in the world with intrinsic value that could be used as money, only scarce but no intrinsic value, I think people would still take up something. (I’m using the word scarce here to only mean limited potential supply)” – Satoshi
— Bitcoin (@Bitcoin) August 28, 2019
Not too long ago it was announced that CoinMall had decided to remove ZCash and Bitcoin Cash from their platform. The primary cause provided related to low levels of activity. This has been a major problem for BCH, even as the Alcor Foundation [and businesses set chiefly in Australia] have declared Bitcoin Cash as legal tender.
Bitcoin lies at #1 in the market. The king coin descended at a rate of 4.95% in the course of the past 24-hours. The trading volume recorded is $18.560 billion, whereas the supply has 17,902,837 BTC coins in play. As of this moment, the total market cap of Bitcoin is $172.373 billion. For now, BTC is priced at $9,628.27.
The same person who caused Bitcoin’s civil war by censoring the major discussion platforms is now busy deleting Bitcoin’s history too.https://t.co/1iLcudETZ4
— Roger Ver (@rogerkver) August 28, 2019
BCH enthusiasts are mostly anti-bitcoin. They cite reasons such as BTC failing to implement SegWit and speculation holding back the king coin. Although they fall silent when questioned about the centralization of Bitcoin Cash, which is one amongst the many problems of the network.
Roger is under the impression that the Twitter handle i.e. @Bitcoin was hacked. The Federal Reserve had received criticism, from the POTUS Donald Trump following the G-7 meet held in France.