Bitcoin Today – The Bitcoin price is still looking strong as it continues consolidating and moving sideways over $1220. Gaining $100 or so during the past month, the outlook for the Bitcoin price is very bullish.
Bitcoin news headlines – Saudi P2P Bitcoin Trading on LocalBitcoins Climbs 280% to All-Time High; FinTech Startups in MENA Region Raised $100 Million in Last Ten Years, to Double by 2020; The IMF Just Finished its First ‘High Level’ Meeting on Blockchain; Nasdaq Wants to Invest in More Blockchain Startups; Can the Blockchain make the Travel Industry more efficient; Dubai’s Global Blockchain Council Combats “Conflict Diamonds” Trading; This Startup Beat Out IBM to Put RBC’s Rewards Program on the Blockchain; A New Tool Might Finally Make Banks Comfortable With Bitcoin; BNP Paribas Taps Blockchain for Fund Distribution Platform; Humaniq Appoints CEO and Global Advisory Board Members, ICO Raises Over 3,775 BTC; Blockchain Startup Factom Raises $8 Million in Extended Series A.
Regarding the Bitcoin scaling debate, ViaBTC’s latest blog post sheds some light on why the mining pool is opposing the Bitcoin scaling proposal, SegWit.
Seems that Exchanges in China / Taiwan are experiencing difficulty in taking US Dollar deposits from intermediary banks – one by one these exchanges are halting these deposit and more Bitcoin Exchanges Fall Victim to Banking Problems. While most exchanges currently have an exchange rate of 1 BTC/ 1,200 USD, both Poloniex and Bitfinex are trading at roughly 1 BTC/ 1,260 USD.
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