New Bitcoin Cash Stress Test Sees 700,000 Transactions in One Day

On Thursday, Nov. 1, a group of Bitcoin Cash (BCH) proponents who call themselves the Professional Stress Test Team, performed a network stress test on the BCH chain. During the course of the day, the BCH network saw over 733,000 transactions and a 14MB block that cleared 73,000 transactions in one fell swoop. Also read: Anypay … Read more

Africa Dominates Trade Volume on P2P Bitcoin Exchange Paxful

Paxful Inc., a peer-to-peer bitcoin exchange, is seeing significant growth in Africa. The U.S.-based company said Africans now accounted for the largest number of people buying and selling cryptocurrency on its platform, with average monthly transactions totaling $64.5 million. Also Read: Brazilian Banks Ordered to Reopen Cryptocurrency Exchange’s Frozen Accounts Millennials Drive Cryptocurrency Adoption in Africa … Read more

Visa CEO Plays Down Cryptocurrency Threat, Indicates Possible Intervention

Visa chief executive officer Alfred Kelly has said that cryptocurrencies are not a significant threat to his company’s electronic payments hegemony. He nevertheless indicated that the legacy financial intermediary may move into handling cryptocurrency if there is an incentive to do so. Also Read: Japan Approves Self-Regulation of Cryptocurrency Exchanges Kelly: Cryptocurrency More a Commodity Than … Read more