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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Bitcoin News 26 July 2017 – Bitcoin Price Slumps as Bitcoiner Fear Rises ahead of BIP91

Bitcoin News today – As we approach 1 August and the implementation of BIP91 scaling solution, it appears that Bitcoiners are fearful of what might just happen in terms of a UASF (User Activated Soft Fork) and the possibility of creating Bitcoin Cash. Prepare yourself by making sure you have control of your private keys – use an offline hardware wallet at all times to protect your digital assets.   While this development is hot news that gets everyone excited, hopefully, the big news of the week does not go…

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Bitcoin News 25 July 2017 – CFTC Approves First Institutional Bitcoin Derivatives Platform

Bitcoin News today with the top story being that the U.S. Commodity Futures Trading Commission (CFTC) has approved institutional Bitcoin derivatives platform Ledgerx LLC as the first regulated Bitcoin options exchange and clearinghouse – this is huge news!   This development could put a fire under the Bitcoin price – if futures and options are traded, it could increase trading volume exponentially. This is certainly a development to keep an eye on.         Other news headlines:-   Blockchain in Trade Finance – huge opportunity to streamline this…

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Bitcoin News 21 July 2017 – Bitcoin Price on Full Throttle on the Back of BIP91 Acceptance

BREAKING NEWS today – Top Story – Over 93% of Bitcoin Miners have signaled acceptance of BIP91 and has been locked in to activate on 1 August 2017 – BIP91 is to scale Bitcoin and reduce transaction time – more information can be found here  The Bitcoin price has surged 20% with this positive news as well as the early signaling that took place the past few days. The price is robust and fundamentals strong – is $3000 or higher in sight sooner rather than later? Add your comments below.…

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BREAKING NEWS: Bitcoin BIP91 Locked In for SegWit Activation 1 August 2017

We have a resolution… Finally!  The scaling of Bitcoin, BIP91, has been locked in for 1 August 2017 as more than 93% of miners signaling support for SegWit2X.   source: CoinDance   The Bitcoin price has reacted to this news by increasing in value by over $500 in 24 hours.     A debate that has raged on since 2015, proving that Bitcoin is a democracy and an incredible store of value which cannot be taken lightly – no change can be forced on the community without agreement no matter…

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Bitcoin News 19 July 2017 – Bitcoin Hard Fork Not Likely, Bitcoin Price Reacts

Bitcoin News Today sees the Bitcoin price recovering since the shock drop on 16 July. The Ethereum price jumped by $60 over 24 hours as more support for the Enterprise Ethereum Alliance takes hold.  Is the bull starting to move again?   The Bitcoin price is reacting positively to the fact that the scaling of Bitcoin, BIP 91, is close to the necessary threshold of 80% of mining power. BIP91 is part of SegWit2X and miners have been signaling early which has made markets less volatile over the past couple…

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