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BITMAIN CLOSING

At first it was reported that BITMAIN was CLOSING operations at Texas but it seems that they are scaling down their staff, around 15 employees were laid off and only 5 remain. Organizations like BITMAIN are one of the biggest threats to crypto and watching them go down is the mirror result of it, many may think how is this possible how is it possible to a millionaire company like BITMAIN will go down they are suppose to survive, and the answer is centralize, BITMAIN had so much Bitcoin Cash and hold to it, when price of BTC and BCH went down when BTC break…

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BITCOIN CASH HARD FORK

The upcoming Bitcoin Cash has created a huge pump; no days with current market thats a pump, and has pass previous resistance. currently at $602.11 at the moment of this post. Bitcoin Cash hard fork will happen twice a year for chain upgrades, everyone is expecting two coins after this fork but in this case we have a problem since there is a huge disagreement between multiple parts within this blockchain. Coinbase recently and obviosly will support this hard fork, also there are other exchanges that has announce their support for this event: Coinbase Binance Poloniex Until now there are three implementation proposals for the…

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BitcoinCash Centralized

The main reason I made this post is because crypto is about decentralization and equal oportunity for everyone, not for only a few. There are many ways a coin or any project can be centralized or manipulated and the math is easy it’s when one single entity holds a high amount of it, in this case its BITMAIN, they recently came out with promotional material of their IPO but that’s not the topic here, for all the Bitcoin Cash BITMAIN holds 1,021,316 Bitcoin Cash Tokens, this amount of coins is absurd, they can just break the price of Bitcoin Cash on any exchange they want…

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