Bitcoin News 2 August 2017 – Bitcoin Price Holds ground, Bitcoin Cash surges over 200% and Rising

Bitcoin News Today and the dominating story is the creation of Bitcoin Cash after a hard fork of the Bitcoin Blockchain on 1 August 2017. Bitcoin Cash Next process – splitting of Bitcoin and Bitcoin Cash to trade either way. Note: The Bitcoin Cash price has surged over 200% since recording the news.

 

This article from Bitcoin.com announces “Bitcoin Cash miners initiated the beginning of the fork on August 1 at 12:37 p.m. UTC at block height 478558. Now, six hours later Viabtc mined the first Bitcoin Cash block (nr 478559) at 6:14 pm GMT. This was followed by the second block (nr 478560) that was also mined by the mining pool Viabtc. Bitcoin Cash is Born”

 

It has been reported that some Bitcoiners are concerned they were not able to withdraw their Bitcoin in time from non-participating exchanges such as Coinbase. These clients missed out on having the same amount of Bitcoin Cash credited as their Bitcoin amount to their personal wallet.

 

The implementation of the long awaited scaling solution, SegWit, went by without much fanfare and the price showed support.

 

Top performing Altcoins such as Ethereum, Dash, Monero, Litecoin and Zcash all showed gains during this time.

 

 

 

DAY ONE – BITCOIN CASH

 

 

Other News Headlines:

 

Bank of America Files for 3 New Blockchain Patents – Three new patent applications have been filed by Bank of America has been working on using distributed ledger technology (DLT) to validate information – A number of patents have been filed yet none, according to public data, have been approved.

 

FinTech news – KPMG report revealed that FinTech investment in Singapore more than tripled to $61.5 million in the second quarter of 2017

 

Some Initial Coin Offering (ICO) tokens could be considered securities – data on tokendata.io show that there are about 120 upcoming/active token distribution events for 2017 and 20 of which were announced since SEC issued its warning.

 

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