Bitcoin News 17 July 2017 – Bitcoin, Ethereum Volatility after Price Drop Shock

Bitcoin news today – Top story must be the sudden drop of the cryptocurrency market in the past week that has sent shockwaves through the market. The Bitcoin exchange GDAX, plans to suspend Bitcoin Withdrawals If UASF Activates – this is a warning not to keep your Bitcoins in an online wallet.




The upcoming scaling of Bitcoin, implementation of SEGWIT2X, is still creating much concern and as a result, causing the markets to react negatively. Interesting to note that this downward trend also affected most of the other top crypto currencies such as Ethereum, Litecoin, Dash, Monero to name a few.

The longer term view is still bullish as adoption continues globally. In the short term, the upcoming events will impact the price of Bitcoin albeit negative or positive, only time will tell but one thing is for sure, expect some volatility.




Some other news highlights:-

A new way of funding start ups – How Initial Coin Offerings Sidestepped Traditional Disruption Models

Online banking service Swissquote is launching a new Bitcoin trading feature in partnership with digital currency exchange Bitstamp

Microsoft is striving to lead the Blockchain industry by planning to accelerate the adoption of Azure BaaS by partnering with financial institutions and insurance companies.


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