BITCOIN DIARY: Crypto skirmishes on the frontier of legitimacy
'Bitcoin appears to be hauling in gold as the number one ill-considered (yet sometimes profitable) investment'
Well, the latest great Segwit (definition here) sweat appears to be over. The potential break-up of Bitcoin in late November has been averted, Bloomberg reports. And when the news broke a couple of days ago, Bitcoin surged once more, this time hitting US$7,882. (It has since settled around US$7130-ish, because it's not at all volatile) This from the Bloomberg story:Bitcoin soared to a record after a technology upgrade that was threatening to disrupt the biggest cryptocurrency was called off, removing another concern for mainstream investors captivated by this year’s more-than-sevenfold gains. The virtual currency jumped as much as 11 percent to $7,882 after the main architects behind a change to its underlying software, known as SegWit2x, canceled their controversial plans, saying they wanted to avoid deepening divides in the developer community. Bitcoin has been on the rampage since the Chicago Mercantile Exchange said it wanted to sell Bitcoin futures. There may be a snag as this ...
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