bitcoin news

[ziyauddinmomin1@gmail.com]

Prices of the most prominent digital currencies tied to the bitcoin and ethereum networks fell sharply on Tuesday, extending their retreat from records set last month, even as the nascent market shows signs of maturing.

Bitcoin has been in the news lately as an overwhelming majority of miners, the computer operators who maintain its blockchain network, backed a software upgrade that will boost the speed of processing transactions, likely averting a split that could have resulted in multiple versions of the digital currency.

The slump in prices on Tuesday could have been driven by a faction of developers who are backing a split in the bitcoin blockchain instead.

But the software update, called Segregated Witness, or SegWit, is slated to go into production on bitcoin’s blockchain on August 24, according to Elizabeth Stark, CEO and co-founder of Lightning Labs. “The technology we’re building, Lightning Network, uses Segregated Witness. So this is an exciting development for us,” Stark said.

[iamTom123]

There is a small group of miners who are pushing for and supporting the so-called Bitcoin Cash...and they called it actually as just another altcoin bearing and taking advantage of the Bitcoin name. I am not really so familiar with its confusing technicality but I guess this must be the realization which many feared can happen weeks ago.

Instead of averting the possible split, come August 1 there will actually be two coins and I am also confused because there are so many names and descriptions for these two coins. Nobody can really say what can eventually happen as most of the news posted are just speculations.

Oh well, we better wait for August 1 and see how things can be.

[darkangel11]

I think that small drop was caused by BTC-e problems and one of the owners getting arrested. The site, which had a significant trading volume is still down and the arrested owner is going to be charged with money laundering.
Whether it was that or BCC, people don't seem, because the price has quickly recovered.

[jpoker272727]

Cannot comment on Ethereum as I usually do not watch the tide on that side, the ups and downs of bitcoins in the past week was not so significant.

If you look at the chart, the ups and downs were almost similar to the waves of the previous weeks. May be there were some speculations about the arrest of the BTC-e exchange owner and the eminent hard fork, it did not have much impact which is discussable.

[kafiddrhman]

For now there has been no significant change in bitcoin price movement and still relatively stable, maybe in the next few months hopefully there is a positive change to bitcoin price.

[Yuhee]

For now there has been no significant change in bitcoin price movement and still relatively stable, maybe in the next few months hopefully there is a positive change to bitcoin price.

Surely there are because now miners and traders can have a good advantage during full implementation of Segwit after the hardfork has been released. It might be too long to wait a month but think this august, exchange sites will be flooded with bcc and btc because after dumping bcc people will now but or sell there bcc so brave your selves for major price changes.

[alfator]

Not to say that something has changed dramatically, As everywhere the prices periodically grow and fall. In my opinion Bitcoin has a stable position at the moment.

[akuser]

Not to say that something has changed dramatically, As everywhere the prices periodically grow and fall. In my opinion Bitcoin has a stable position at the moment.

After segwit, btc will be more confident. Today there is a fair pump. Very clear BTC didak will wobble with segwit.

[cleofila]

Countries with weak economies and unstable currencies can use not the dollars but the crypto currency as a reserve unit. With such a statement made at a conference on the 20th anniversary of the independence of the Bank of England, the managing director of the International Monetary Fund (IMF) Christine Lagarde.

[wack slacker]

Here is an update on the Korean situation
1. Korean govt wants to understand and regulate crypto trading (partly to investigate Chinese money laundering)
2. The Ministry of Justice said they would look into banning crypto, the other ministries said they would not support such a ruling.
3. Huge public backlash made the DoJ look bad. As of yet, no motion for banning trading is being made
4. Government made plans to investigate and tax banks and exchanges properly (banks are used to deposit funds into crypto)
5. Shinhan bank (biggest in korea) got spooked  and said they would ban deposits into crypto exchanges. They must have been worried about potential laundering through crypto deposits from their clients
6. Public got super angry and people started threatening to close their bank accounts
7. Shinhan freaked out and retracted the statement.
8. Now everyone is back on the original track —> next news will be on January 21st where Korea will mandate personal identification for crypto trading  (in an effort to trace money laundering)

update by: https://t.me/BOS_coin

[endut15]

Not to say that something has changed dramatically, As everywhere the prices periodically grow and fall. In my opinion Bitcoin has a stable position at the moment.

the price of the current bitcoin up and down can not settle too, so it can not be said to be stable. the longer the news if my bitcoin as far as it is growing. because many are already looking for bitcoins, they say the bitcoin is a means to sharpen profits.

[uylvlprx]

For now there has been no significant change in bitcoin price movement and still relatively stable, maybe in the next few months hopefully there is a positive change to bitcoin price.

I think there are currently no factors that can affect bitcoin in a short time.

[Jaya1995]

As reported by CNBC on Tuesday (9/1/2018), Ripple is trading 10 percent lower at US $ 2.46 per token price in Bitstamp currency exchange. Coinmarketcap.com also showed Ripple prices declined 25 percent. However, this price reduction could be due to the non-inclusion of money changers in Korea.

Bitexin stock index also weakened 10.5 percent in Cboe, had at the level of US $ 15,010 or equivalent around Rp 201.6 million. According to Coinbase, bitcoin prices slumped 7.6 percent while litecoin decreased 6.4 percent.