Bitcoin Recap 11/8/17 - 2x hard fork cancelled, bitcoin brokers are making multi-million dollar deals, and more!
While bitcoin set a new all-time high of $7,879 in the aftermath of affirmation a controversial software proposal had been scrapped, its price fell just as quickly, erasing gains to hit a low of $7,070.
The explosion and maturation of the cryptocurrency market has institutions pouring money into the space. Firms such as DRW, a Chicago-based trader, and B2C2, a UK-based over-the-counter broker, are now regularly executing multi-million dollar trades.
We trust that our fellow community members will also behave with integrity and uphold agreements made, but in the unlikely event that the 2MB block size increase portion of Segwit2x fails to activate, Bitcoin.com will immediately shift all company resources to supporting Bitcoin Cash exclusively.
A former U.S. Secret Service agent has been sentenced to an additional prison term on charges associated with his theft of bitcoin seized from now-defunct dark market Silk Road.
Gurtej Singh Randhawa tried to buy a vehicle-borne improvised explosive device “with the potential to kill”.
Young people are often early indicators of the future, so how do younger people today feel about Bitcoin?
York Regional Police say that a new scam using the untraceable cryptocurrency Bitcoin is sweeping the region. One of 45 victims since April explained how she was deceived.
The SEC is continuing to step up its rhetoric on initial coin offerings (ICOs).
A cryptocurrency miner might have sucked up your Android phone’s power thanks to this Russian’s work.
A researcher has documented almost 2,500 sites that are actively running cryptocurrency mining code in the browsers of unsuspecting visitors, a finding that suggests the unethical and possibly illegal practice has only picked up steam since it came to light a few weeks ago.
Experts reportedly believe that the cybercriminal may be in cahoots with corrupt law enforcement officials to access sensitive data.
CME will apply limits to its bitcoin futures’ trading range when the product launches, the exchange says.
Bitcoin is notoriously volatile and the limits on the futures product could help reduce overall volatility.
The development of a less volatile bitcoin futures product may also help the case for a bitcoin exchange-traded fund.
Vitalik Buterin, the inventor of the ethereum blockchain, may have created too much of a good thing.
Long active in evaluating blockchain technology broadly, a European Central Bank (ECB) official took steps this week to stress the institution is closely watching cryptocurrency.
I think that my position on Ethereum is clear. ETH started as a money grabbing project with very little in the way of future prospects. Since criticizing Ethereum long before it’s release, we have come a long way and ETH seems to have found its sea legs.
At BitPay, we must follow the chain with the most accumulated difficulty and we are committed to doing so. But we also ask that miners immediately stop signaling for segwit2x and send a clear signal to all users that the Bitcoin blockchain will remain operational.
Even if I knew nothing about how stupid the 2x hardfork was, at this point there are far too many developers I trust in the NO2X camp for me to support the hardfork.
The preferred outcome for the consortium is that the status quo chain ceases to exist, that its transactions fail to confirm.
Because this is neither a serious method of payment nor a good way to store capital. The bitcoin feeds on itself. There are no fundamental reasons for its price to reach such levels. What’s more – it is also used by criminals, for their shady business. I think that more and more countries will start to make cryptocurrency exchanges illegal like China did. New regulations will be adopted. So, this will find its end.
Today, Bitspark announced that it received funding from RGAx, the innovation accelerator of Reinsurance Group of America, Incorporated, one of the world’s largest life reinsurance companies headquartered in St. Louis, Missouri, United States.