Grayscale Investments Bitcoin Cash Trust marked a sharp, $1.6 million decrease in assets under management (AUM), according to a recent report from CoinTelegraph. The BCH hard fork was announced in August, but the AUM drop became more severe as a result of its actual implementation, which took place this month.Diving deeper into the hard fork, data from CoinDance shows two separate chains \u2014 the community-driven Bitcoin Cash Node (BCHN), and the Bitcoin ABC (BCHA) chains. However, miners almost exclusively preferred mining blocks on the community-driven chain, rather than BCHA. Looking at hash rate data, Coindance confirmed that around 80 of the initial blocks right after the hard fork was mined in BCHN\u2019s favor. Despite the drop in network activity, Bitcoin Cash\u2019s hash rate rebounded, with a value close to 2 EH\/s.Source: Coin DanceBCH trading volumes increased after hard fork completion, meaning that users are selling their BCH at crypto exchanges instead of storing it. This may be the cause of the reduction in assets under management that Grayscale manages.\u0422he hard fork came as an answer to Bitcoin ABC\u2019s decision to incorporate the so-called \u201cCoinbase rule,\u201d which would allocate 8% of block rewards to a development fund controlled by BCHA lead developer, Amaury Sechet. The community responded that the \u201cCoinbase\u201d tax is not necessary, claiming that miners can fund the blockchain without additional taxes.BCHN\u2019s victory over BCHA, however, is not a surprise, as both small-scale miners and crypto exchanges showed their support for the BCHN chain. Coinbase, for example, stated that \u201cCoinbase will run BCHN nodes and expects that it will be the dominant chain post-fork. Once the fork is complete, please be aware that we will NOT support BCH ABC forked coin.\u201dIn addition to that, Binance also had their take on this, noting that \u201cBinance will credit users with\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Investimentos em escala de cinza Bitcoin Cash Trust marcou uma queda acentuada de $1.6 milh\u00f5es em ativos sob gest\u00e3o (AUM), de acordo com um relat\u00f3rio recente da CoinTelegraph. O BCH dif\u00edcil [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/2701"}],"collection":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/comments?post=2701"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/2701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media?parent=2701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/categories?post=2701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/tags?post=2701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}