Category: News Digest

It has been another interesting week for the crypto economy. SegWit2x Alpha, which aims to solve many of bitcoin’s scalability issues, is out and has so far received over 75 percent support from the bitcoin blockchain’s hashrate. While ether experienced a flash crash sending the cryptoasset to a low of $0.10 momentarily.  Only four days after the Alpha release SegWit2x...

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The price of bitcoin took a dive during the week beginning June 12 from its all-time high at $2,997 to its June low at $2,212 after Chinese mining hardware producer Bitmain announced its “contingency plan” against the proposed BIP148 UASF (User-Activated Soft Fork) on August 1, which contains a new hard fork that has been coined UAHF (User-Activated Hard Fork)....

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The price of bitcoin continued its rally to inch close to the $3,000 mark last week. One of the reasons for that, according to Kirill Tatarinov, CEO of cyber security company Citrix Systems, is that companies are increasingly buying and storing bitcoin to pay for potential ransomware attacks in the future. "We've seen people pay up after ransomware attacks. We've...

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The three largest Chinese bitcoin exchanges, BTCChina, Huobi, and OKCoin, have reportedly all started to resume withdrawals after updating their KYC and anti-money laundering policies to comply with the Chinese regulator’s demands. After around four months of withdrawal halts, Chinese bitcoin traders are now able to withdraw their investment and turn them into fiat currency again. On June 1, Reuters...

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It has been an intense week for cryptocurrency holders as bitcoin’s rally “to the moon” took two abrupt pitstops. On May 25, the price of bitcoin briefly dropped $500 from its record high at $2760.10 to recover at around $2,400. Two days later, bitcoin took another dive to below the $2,000 mark and dragged the altcoin market down with it....

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The Bitcoin Network came under pressure, with fees increasing to levels never seen previously, while Etheruem's digital asset, ether, soared to new highs simultaneously, breaking above the $100 psychological level. Never before has the Bitcoin Blockchain seen such a large traffic jam. In the past week, the number of unconfirmed transactions reached a level, at which it hurts. The Bitcoin...

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The price of bitcoin surpassed the $1,800 mark on May 11 to reach a new all-time high. This was followed by an immediate correction down to $1,700 as traders took profits. The altcoin market experienced similar price movements with leading cryptocurrencies retracted off their highs to close the week a little under their all-time highs. The exception was Ripple (XRP),...

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Both the price of bitcoin and Ethereum’s ether hit new all-time highs for the week beginning May 1. On May 5, with BTC-USD posted a fresh high at $1623.01 on the Bitstamp exchange, while ETH-USD peaked at $97.00 on Kraken; the bullish action in bitcoin was boosted by its highest ever volume in a 24-hour period, which surpassed $1 billion....

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The biggest news in bitcoin this week was the uncovering of the so-called AntBleed scandal and the strong, short-lived rally in the altcoin market. On April 26, a string of code in the AntMiner firmware was disclosed which can remotely shut down some of the mining machines and on the same day, the website AntBleed.com went online. It discloses a...

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Microsoft has announced a new Plugin for Office10 that makes it possible to store a hash of documents on the blockchains of Bitcoin and Ethereum Classic. With this, you can prove the authenticity of any document - without the need for a notary or a lawyer. Microsoft has potentially created Bitcoin’s first non-monetary killer app. The new notary app for...

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