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Bitcoin splits to create clone, but new currency off to slow start
People who held bitcoins before the split now have access to an equal amount of Bitcoin Cash for free, which they will then be able to trade for fiat currencies.
PHOTO: BLOOMBERG
New York
BITCOIN'S underlying software code was split on Tuesday, generating a new clone called "Bitcoin Cash", but the new virtual currency got off to a slow start due to lacklustre support for its network.
The initiative was headed by a small group of mostly China-based bitcoin
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