Headlines for the world of Cryptocurrencies - August 19, 2017
Bitcoin Cash Price Surges and The Reasons Why
Bitcoin Cash had a price surge yesterday where it reached $700 mark. It surpassed its previous high at $690 and as of this time of writing its price is at $718.10. What reasons drive the BCH price surge?
First reason is more and more exchanges are accepting BCH today. Those that announced no support before and during the August 1 event had reverted their decisions recently.
Second is Bitcoin Cash's mining difficulty reduced to almost half and it becomes more profitable to miners. This means that there is now also a growing support from miners.
Bitcoin is Set to Split Again this November
In three months time, a Bitcoin Hard Fork will happen again and this time it will be backed by the Segwit2x team lead by Jean-Pierre Rupp.
However, Bitcoin Core Developers remains adamant in opposing Segwit2x and the soon to be released Bitcoin Core client is not going to support nodes that support Segwit2x.
With that, the November event could be as spectacular as the August and prices could get more volatile in the coming weeks.
Today, the support for Segwit2x is at more than 80% of hashing power and if it remains the same until November 2017, the hard fork will surely happen.
Headlines for the world of Cryptocurrencies - August 18, 2017Blockchain.info now supports Ethereum / Blockstream Satellite is taking Bitcoin to the Moon / Shapeshift acquired Bitcoin hardware wallet startup Keepkey. |
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Headlines for the world of Cryptocurrencies - August 17, 2017Legislators In Ukraine Declared $47 Million of Bitcoin Holdings / Big Shipping Companies in Singapore Exploring Blockchain with IBM / Postal Business in Thailand will Use Blockchain This Year. |
Headlines for the world of Cryptocurrencies - August 16, 2017Ethereum Earns Record as The Most Blockchain Transactions in a Day / R3 Blockchain Consortium's Newest Addition is Bank ABC / Ukraine Bank Plans to Regulate Cryptocurrencies |
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