Bitcoin News 8 August 2017 – Bitcoin Price Leaps $750 in One Week!

The Bitcoin News today shows Bitcoin gaining dominance in terms of cryptocurrency market cap as the price skyrockets to over $4400 showing gains of over $750 in the past week. Market cap now over $56 Billion in a $120 Billion market.     What is driving this price?   Let’s recap on what happened in the past week – On the 1st August, the long awaited Bitcoin upgrade took place without any reported hitches; Bitcoin prices hardly reacted to the birth of Bitcoin Cash created after a Miner Activated Hard…

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Bitcoin News 7 August 2017 – Bitcoin Price Soars beyond $3400

Bitcoin News today sees the Bitcoin price rise above $3400 in the wake of SegWit activation on 1 August 2017, and the subsequent birth of Bitcoin Cash. High traded volume supporting the soaring price as investors rush to own Bitcoin.     Some investors are paying an almost 75% premium just for exposure to Bitcoin and this relates to Grayscale Bitcoin Trust, the only exchange traded Bitcoin product on the market today.   The SEC is changing guard as the existing top official in charge of approving new financial products…

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BREAKING NEWS – Bitcoin Price Shoots Past $3000 to New All Time High

BREAKING NEWS – the Bitcoin price has just shot past $3000 to a new all time high. This has come at the end of a historic week in the life of Bitcoin.     1 August saw the activation of SegWit (BIP148) which seemed to pass as a non-event. Later in the day, a miner activated hard fork activated and created a new cryptocurrency called Bitcoin Cash. Everyone who had Bitcoin in their personal wallet or in a participating exchange would have received the same quantity in Bitcoin Cash.  …

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Bitcoin News 4 August 2017 – The Birth of Bitcoin Cash and the Resilience of Bitcoin

Bitcoin news today – an eventful week saw the birth of Bitcoin Cash and the resilience of Bitcoin. Very quickly Bitcoin Cash shot to third place in terms of market cap but has since dropped into fourth place under Ripple, the protocol which has been adopted by many banks and payment networks globally.   source: ¬†coinmarketcap.com   Bitcoin price stability is a testament to the fact that Bitcoin has strong fundamentals. In a new development, the Chicago Board Options Exchange (CBOE) has partnered with Gemini, the Bitcoin exchange backed by…

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Bitcoin News 3 August 2017 – Bitcoin Derivatives set to Ignite Prices

It’s the Bitcoin News, and what could be the news of the year leading as the top story today. Bitcoin derivatives are set to ignite prices as it is reported that the Chicago Board Options Exchange (CBOE) has partnered with Gemini, the Bitcoin exchange backed by Cameron and Tyler Winklevoss. This is part of a bid to launch cryptocurrency derivatives trading. The reason this is such important news is that all big financial institutions have an account on the CBOE and this could fire up cryptocurrency prices like we’ve never…

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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…

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Bitcoin News 1 August 2017 – Bitcoin Hard Forks, Bitcoin Cash Created

Today is a momentous day for Bitcoin – the day that the UASF, User Activated Soft Fork, activated. The Bitcoin price almost touched $3000 but dropped down around $2700 a little later. The Bitcoin hard fork, MAHF, Miner Activated Hard Fork, occurred at 12:20 UTC – miners that are mining Bitcoin Cash created a transaction block greater than 1 MB in size and forked the Bitcoin network – the creation of Bitcoin Cash.   Bitcoin.com reported “This past March Bitcoin.com launched its mining pool which has garnered quite a bit…

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What is Bitcoin Cash – BCC?

Bitcoin History in the making on 1 August 2017 – The Bitcoin Blockchain is about to fork creating two cryptocurrencies – Bitcoin with SegWit and Bitcoin Cash, without SegWit.   Basically, anyone with Bitcoin in their personal wallet will receive the same amount of Bitcoin Cash which they will have to split once they decide to trade. Some of the benefits of Bitcoin Cash are faster and cheaper transaction times as well as Replay and Wipeout Protection and a new SigHash Type, part of the replay protection technology, basically a…

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Bitcoin News 31 July 2017 – Bitcoin Scaling D-Day, Protect Your Private Keys

Bitcoin news today and the dominating story is that today is D-Day, the day before the Bitcoin upgrade and potential fork which will create the much discussed, Bitcoin Cash. Some businesses have decided not to support Bitcoin Cash but either way, clients need to make alternate arrangements ensuring they control their private keys vs the business or exchange having control.         In an article posted by Bitcoin.com, there are two cardinal rules for the time during the SegWit upgrade and potential split in the blockchain creating two…

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Bitcoin News 29 July 2017 – Inching Closer to Bitcoin Upgrade, are You Ready?

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.    …

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