Bitcoin Cash Drama & a[nother] Blockchain Phone

The Bitcoin price grabbed the headlines this week, once again plunging to a new yearly low and placing the crypto market on the brink of sinking below the $100 billion level for the first time in 2018. However, there was much more than price action afoot, and, per the usual, much of it involved drama in the Bitcoin Cash camp.

Lawsuit Takes Aim at Bitcoin Cash Backers

Another week, another lawsuit.

This week saw the launch of a groundbreaking lawsuit against the proprietors of Bitmain and Bitcoin.com, Jihan Wu and Roger Ver, both in personal name and business name, as well as the Kraken exchange. A lesser-known blockchain company which entered the space about a year ago believes that Roger Ver and the others named in the suit actively worked to centralize the Bitcoin Cash network during the hard fork that happened at the end of last month, and as such are responsible for damages done to their business. The company, UnitedCorp, primarily services miners with efficiency…