Bitcoin’s price suffered more losses on Friday following Thursday’s drop and subsequent rebound, plummeting 25% in a single day. While it appeared that Bitcoin had regained its historic upward momentum following Thursday’s $500 drop, Friday proved even more turbulent as prices dived $600 from $2.5k towards $1.9k. As of Saturday afternoon, Bitcoin’s price appears to have stabilized around $2.1k. What Goes Up, Must Come Down Bitcoin’s price drop follows a week of unprecedented growth, in which it climbed from $2000 to an all-time high of $2800. Many claimed that a correction was overdue and that Bitcoin is back on its way towards $3,000. Others have issued dire warnings of a Bitcoin bubble that may just now be popping. Older investors can still recall the sting of Bitcoin’s infamous 2013 crash (and subsequent destruction of the Mt. Gox exchange), and are wary of repeating the same mistakes. Bitcoin’s price also has a..
Opening the doors to a new form of decentralized trading, atomic swaps could replace centralized exchanges almost entirely. Source Source:..
Cryptocurrency values have surged this year, with many posting huge percentage gains. But is it a sign they're reaching a broader audience? Source Source:..
Bitcoin prices dropped yesterday from $2800 down to $2460, sparking concern and speculation across the cryptocurrency community. The large drop in value has come alongside the largest Bitcoin Bull run in the currencies history, it caused panicked posts on social media with one Reddit user posting; “What the hell happened with the drop from 2800 to 2460?!!!!!” – TakinBackMyLove, a distressed Reddit user. Many other new Bitcoin users, drawn to cryptocurrency investment by the current upward cycle of the market, also voiced their concerns while Bitcoin veterans remained calm, having seen this all before, and much worse. Whatever happens, this is healthy guys. We need this. Only through this process can we achieve enlightenment and turn into SSJ $BTC — Akado (@AkadoSang) May 25, 2017 //platform.twitter.com/widgets.js Welcome to Bitcoin The drop follows three straight days of price increases for Bitcoin as the price climbed from..
Profit taking caused crypto prices to suffer notable declines. Source Source:..
Bitcoin Core developers have criticized the Bitcoin Scaling Agreement presented by Digital Currency Group and 56 other companies that represent approximately 83 percent of hashing power. Bitcoin Core developers have criticized the Bitcoin Scaling Agreement presented by Digital Currency Group and 56 other companies, which represent approximately 83 percent of hashing power, to deploy Segregated Witness (SegWit) by September and execute a 2 MB hard fork six months thereafter. On May 23, Digital Currency Group (DCG) released the first official statement of the Bitcoin Scaling Agreement established at Consensus 2017. The statement revealed that companies have agreed to activate SegWit at an 80 percent activation threshold and execute a 2 MB hard fork soon after that in order to scale the Bitcoin network. In a statement, Valery Vavilov, the CEO of BitFury, one of the leading Bitcoin miners..
Money continues to flood into cryptographic assets, with bitcoin, ether and zcash setting new highs today amid a broader market boom. Source Source:..
A meeting of bitcoin startup executives and miners held this weekend has resulted in a new proposal for how the project should be upgraded. Source Source:..
Privacy and confidentiality are big-ticket priorities for the Enterprise Ethereum Alliance, ethereum-focused consortium launched in February. Source Source:..
BlockBox won CoinDesk's Consensus 2017 hackathon for its bid to make drones and smart cars safer to operate with blockchain. Black boxes have long been used to collect critical data during crashes and accidents, as explained Samuel Brooks, one of the team members, during BlockBox's presentation. But the team wanted to expand that idea to drones and Source Source:..
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