at 800, though it remains extremely volatile. Still, Melendez emphasized that the open nature of the blockchain made it difficult to hide drug money. And we can see it, too. BitPay started offering its clients the option to accept payments in Bitcoin Cash in addition to Bitcoin earlier this year. The generic saying Bitcoin Cash people like to say is, Will my Grandma be able to use it? Ninety percent of our large merchants have turned it on, said chief commercial officer Sonny Singh. If youre looking at whats happening with Bitcoin Cash, theyre not focused on price, Sirer said. He said his firm is agnostic toward individual coins, but that investor interest in Bitcoin Cash has basically been non-existent in the last couple of months. He requested a refund, which Overstock gave back in bitcoin worth.80 and not bitcoin cash. For the past year, undercover agents have been providing money-laundering services to these dark net vendors, specifically those involved in narcotics trafficking, said HSI Special Agent in Charge Angel Melendez, in a press conference earlier today. Its important to note that the Bitcoin and Bitcoin Cash communities are decentralized coalitions.
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It comes as digital payments overtook cash for the first time in the UK last year. The core of the operation was an online money-laundering business seized by agents from Homeland Security Investigations and operated as a sting for over a year. The arguments have devolved over three or four years of bitter debate, said Andreas Antonopoulos, the author of Mastering Bitcoin and Internet of Money. Cory, the co-host of the podcast The BCH Boys and organizer of the NYC Bitcoin Cash Meetup, who asked that only his first name be used, told me in an email. If users wanted their transactions to clear faster, theyd have to pay high fees for priority, making. Meanwhile, bitcoin transaction volume is surging towards an all-time high and mainstream vendors like Starbucks and Krogers are considering methods of cryptocurrency payments. The largest bitcoin exchange to resist those measures, BTC-e, was shut down by an international law enforcement effort in July 2017, leaving drug vendors with few trusted options for converting drug-linked bitcoin wallets into hard cash.
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