{"id":41246,"date":"2018-10-05T08:01:46","date_gmt":"2018-10-05T12:01:46","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=41246"},"modified":"2018-10-05T01:37:53","modified_gmt":"2018-10-05T05:37:53","slug":"bitmain-acquires-a-bitcoin-cash-bch-wallet-telescope","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/bitmain-acquires-a-bitcoin-cash-bch-wallet-telescope-41246","title":{"rendered":"Bitmain Acquires a Bitcoin Cash (BCH) Wallet -Telescope"},"content":{"rendered":"<p><strong>Bitmain <\/strong>has acquired the browser based Bitcoin Cash wallet. The open source cash wallet is called Telescope. The Telescope can be used for both Mozilla Firefox and <strong>Alphabet Inc\u2019s (NASDAQ:GOOG)<\/strong> Google Chrome. <a href=\"https:\/\/blocktribune.com\/crypto-mining-giant-bitmain-acquires-telescope-bitcoin-cash-wallet\/\" target=\"_blank\" rel=\"noopener\">Telescope<\/a> also supports MoneyButton, Akari-Pay, Bitpay invoices, other wallet services.<\/p>\n<h2><strong>Secure Browser Extension for Instant Transactions<\/strong><\/h2>\n<p>The browser based wallet is launched to support instant transactions. An expansive extension script is developed to allow the users to send and receive instantly on the web pages of browsers \u2013 Firefox and Chrome. The secure extension securely stores the private keys on the local web browsers. The encrypted private keys are secured with a password. According to the company release, support for other platforms will be introduced in the future.<\/p>\n<p>Moneybutton.com and Bitpay support Bitmain and stores the cryptographic keys in the browser extension. As a result, the user browser directly signs the transactions. It enjoys the same security as that of normal hot wallet. Nishant Shram, Head (International Press Relations and Communications) said the open source technology based wallet is vital for Bitcoin Cash ecosystem.<\/p>\n<p>Nishant said the embedded cryptocurrency wallets in the web browser are the promising technology. The development team of Telescope is working on an interesting task and looking forward to working with them on the bitcoin cash projects in the future. Bitmain holds 1.021 million BCH. The company has purchased BCH at $869 (average). Total holding of the company is estimated at $887 million. However, the company has reported a loss of $350 million due to declining coin prices.<\/p>\n<h2><strong>Market cap of BCH <\/strong><\/h2>\n<p>The market cap of <a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/bitcoin-cash-price-analysis-bch-usd-sliding-down-with-the-market-as-bitmain-acquires-bitcoin-cash-wallet-provider-201810030725\" target=\"_blank\" rel=\"noopener\">BCH<\/a> is estimated at $9.2 billion. BCH is trading at $514. The bearish sentiment of the cryptocurrency is weighing on the price of BCH. The BCH circulation in the world is estimated at 17,288,638 BCH.<\/p>\n<h2><strong>Bitmain Offloads Bitcoin to Purchase Bitcoin Cash<\/strong><\/h2>\n<p>According to the pre-IPO document, Bitmain sold a large chunk of Bitcoin and purchased Bitcoin cash. \u00a0The positions of Bitcoin is estimated at 71,560 in December 2016. The company holds 22,082 bitcoins in March. Its Bitcoin cash positions are estimated at 1.02 million. Bitmain has invested $3 million in a digital advertising company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitmain has acquired the browser based Bitcoin Cash wallet. The open source cash wallet is called Telescope. The Telescope can be used for both Mozilla [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":41247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[13016],"tags":[13442,13441,13059,13174,712,13443],"stock_ticker":[],"class_list":["post-41246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-news","tag-alphabet-incs","tag-alphabet-incs-nasdaqgoog","tag-bitcoin-cash","tag-bitmain","tag-nasdaqgoog","tag-telescope","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitmain Acquires a Bitcoin Cash (BCH) Wallet -Telescope - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/bitmain-acquires-a-bitcoin-cash-bch-wallet-telescope-41246\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitmain Acquires a Bitcoin Cash (BCH) Wallet -Telescope - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Bitmain has acquired the browser based Bitcoin Cash wallet. The open source cash wallet is called Telescope. The Telescope can be used for both Mozilla [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/bitmain-acquires-a-bitcoin-cash-bch-wallet-telescope-41246\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-05T12:01:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2018\/10\/Bitcoin-Cash-BCH-Wallet-Telescope.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"933\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Folin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Greg Folin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/bitmain-acquires-a-bitcoin-cash-bch-wallet-telescope-41246#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/bitmain-acquires-a-bitcoin-cash-bch-wallet-telescope-41246\"},\"author\":{\"name\":\"Greg Folin\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/09a8586a8976289812879bbc81ac988e\"},\"headline\":\"Bitmain Acquires a Bitcoin Cash (BCH) Wallet -Telescope\",\"datePublished\":\"2018-10-05T12:01:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/bitmain-acquires-a-bitcoin-cash-bch-wallet-telescope-41246\"},\"wordCount\":355,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/bitmain-acquires-a-bitcoin-cash-bch-wallet-telescope-41246#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2018\/10\/Bitcoin-Cash-BCH-Wallet-Telescope.jpg\",\"keywords\":[\"Alphabet Inc\u2019s\",\"Alphabet Inc\u2019s (NASDAQ:GOOG)\",\"Bitcoin Cash\",\"Bitmain\",\"NASDAQ:GOOG\",\"Telescope\"],\"articleSection\":[\"Cryptocurrency\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cablemanpro.com\/wallstreetpr\/bitmain-acquires-a-bitcoin-cash-bch-wallet-telescope-41246#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/bitmain-acquires-a-bitcoin-cash-bch-wallet-telescope-41246\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/bitmain-acquires-a-bitcoin-cash-bch-wallet-telescope-41246\",\"name\":\"Bitmain Acquires a Bitcoin Cash (BCH) Wallet -Telescope - 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