Bitcoin Cash $3549.48 or 56.60% just today!

Bitcoin Cash (BCH) is a hard fork of the cryptocurrency Bitcoin. The fork occurred on August 1, 2017.Bitcoin Cash increased block size limit from one megabyte to eight megabytes.

On July 20, 2017 Bitcoin Improvement Proposal (BIP) 91, aka Segregated Witness, activated. Some members of the Bitcoin community felt that adopting BIP 91 without increasing the block-size limit would simply delay confronting the Bitcoin scalability problem and that it favored people who wanted to treat Bitcoin as a digital investment rather than as a transactional currency.

But the San Francisco-based firm announced the move after Bitcoin Cash's price jumped.
Coinbase began letting its users buy, sell, send and receive Bitcoin Cash on Tuesday in a surprise decision but has temporarily suspended trade.

"It appears the price of Bitcoin Cash on other exchanges increased in the hours before our announcement," he wrote on the news site Medium. If we find evidence of any employee or contractor violating our policies  -  directly or indirectly  - I will not hesitate to terminate the employee immediately and take appropriate legal action."

Price surge
Claims of insider dealing were not the only hitch that Coinbase experienced when it finally added support for the new asset.

Trade of Bitcoin Cash was frozen just four minutes after it began on the firm's Global Digital Asset Exchange (Gdax) and existing orders were cancelled.

The move seems to have been a reaction to an apparent price surge in Bitcoin Cash on the platform beyond its already elevated level elsewhere.

When Coinbase launched Bitcoin Cash at 17:20 PST (01:20 BST) it was valued at about $3,500 (£2,612) per coin.

At the time it suspended it, the company was quoting a price of about $8,500. It remains unclear whether or not this was a software glitch or if deals were really being made at this level.

Coinbase has yet to give a full explanation but has said that it intends to reopen Bitcoin Cash order books later on Wednesday.

Bitcoin Cash is currently the world's third biggest crypto-currency with a total market capitalisation of about $59bn, according to Coinmarketcap. That compares with there being $77bn worth of Ethereum and $282bn worth of the original Bitcoin.

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Original link from: BBC