Bitcoin News Today – We are inching closer to 1 August activation of Bitcoin Scaling, BIP91 – will we have a fork and create BCC (Bitcoin Cash) or will it be a non-event? Final signaling by all miners to implement SegWit has taken place while exchanges are still deciding to suspend trade during this time or not. In the meantime, the Bitcoin price is strong as support has not waived. The Ethereum price has dropped somewhat, under $200, however, development in the Ethereum network continues, a good sign.
Other news headlines:
Cryptocurrency Mining and Graphics card boom – “According to its latest financial report, AMD recorded $1.22 billion in revenue during the second quarter of 2017, up 19% compared to the same period last year. This increase, the company said, is being spurred “by higher revenue in the computing and graphics segment.” The success of Bitcoin has driven the altcoin market as many enthusiasts wish to be in on the start of a new crypto. One of the most important deciding factors is to understand the application of the crypto. Learn more about crypto classification here
ICO’s have been in the news very frequently as they are popping up like mushrooms. However, there have been some hacks and scams which have alerted the regulators. Now it is reported that the US retail giant Overstock.com has been waiting for the US Securities and Exchange Commission (SEC) to confirm when a crypto token is a security. Overstock has been building a regulated, blockchain-powered stock exchange for selling tokenized, compliant securities, with the first SEC regulated crypto-securities transaction last December.
Exchange Union to Boost Digital Currency Trading Efficiency Worldwide – the aim is to deliver a point of integration among the many digital currency exchanges around the world – this could enable cross-exchange trading, clearing, deposits and withdrawals between various digital currencies and assets. To enable this, a token will be introduced too – Exchange Union Coin (XUC)
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