Cryptocurrencies
Bitcoin Rival Accused of Trying to Artificially Boost Its Price
- Antpool claims to have started burning 12 percent of fees
- ‘This was purely a PR game’ in war with Bitcoin, Samani says
Fundstrat's Tom Lee Sees Bitcoin at $25K by Year End
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Bitcoin Cash is the hottest cryptocurrency around right now for more reasons than you may imagine.
The offshoot of the biggest digital token has surged about 25 percent since Friday, in part because Antpool, one of the largest mining groups, is “burning” a portion of the coins it receives in exchange for solving the complete mathematical puzzles that serve as the backbone of the network, potentially reducing supply and driving up the value.