Welcome to the World Blogger digest of interesting and important news and views about Cryptocurrencies.
Bitcoin Crash? Futures Price For Bitcoin Cash Plunges 50%, BTC Up 7%
Bitcoin is surging higher as Bitcoin Cash (BCC) futures value crashes 50 percent prior to its proposed Aug. 1 activation date.
Data from ViaBTC shows the Bitcoin fork, which does not yet exist, fell from around 0.15 BTC to 0.08 BTC per coin in the last 24 hours.
A correction has since got underway to 0.109 BTC, still around a 27 percent daily loss.
Reacting to the figures, highlighted by entrepreneur and investor Alistair Milne, commentators on Twitter were quick to determine it was the project’s fate.
Full story at http://bit.ly/2h8cpnp
Source: CoinTelegraph
What's Left Before SegWit Goes Live? Bitcoin's Path to More Capacity
Bitcoin is on the road to increasing its capacity – but it's not there yet.
Despite the claim bitcoin has been upgraded to support Segregated Witness-style transactions, there are more steps that need to occur before its distributed network can process additional data.
In fact, due to the complexities of keeping bitcoin's distributed network in unison, the change might not take hold until late August.
Full story at http://bit.ly/2h8rvtd
Source: CoinDesk
Cryptocurrency Market Resilient As Bitcoin Approaches Potential Hard Fork
The cryptocurrency market has been resilient as of late, retaining its value even as bitcoin, the largest cryptocurrency by market capitalization, faces a potential hard fork in less than a week.
"Resiliency is the key term here," said Ryan Rabaglia, head trader for Octagon Strategy, noting the market's ability to hold on to the sharp gains it produced earlier this year.
For most of the last week, the total market capitalization of cryptocurrencies has remained above $80 billion, compared to $17.7 billion at the start of the year, CoinMarketCap figures show.
Full story at http://bit.ly/2h8y136
Source: Forbes
Fear Not The Fork But The Fear Itself: Bitcoin Wisdom
There is no denying that the initial fear of the Aug. 1 fork, which was quelled with BIP 91, and the Bitcoin Cash potential fork are playing havoc with Bitcoin price. However, the bark could well be worse than the bite when it comes to currency forks, if history is anything to go on.
A cryptocurrency fork sounds like something new, and something that can only affect digital currencies because of a technical ‘fork’ of the Blockchain. But this is not entirely true, currency forks have been seen since the 1960s, and they have been seen on currencies as big as the US dollar.
Full story at http://bit.ly/2h8stFL
Source: CoinTelegraph
Criminal mastermind' of $4bn bitcoin laundering scheme arrested
The Russian “internationally sought ‘mastermind’ of a crime organisation” accused of laundering more than $4bn in bitcoin, including funds obtained from the hack of failed bitcoin exchange Mt Gox, has been arrested in Greece.
A US jury indicted Alexander Vinnik on Wednesday after his arrest in a small beachside village in northern Greece on Tuesday, following an investigation led by the US justice department along with several other federal agencies and task forces.
Vinnik was described by the justice department as the operator of BTC-e, an exchange used to trade the digital currency bitcoin since 2011, which was allegedly used to launder more than $4bn for people involved in crimes ranging from computer hacking to drug trafficking.
US authorities also linked him to the failure of Mt Gox, the Japan-based bitcoin exchange that collapsed in 2014 after being hacked. Vinnik “obtained” funds from the hack of Mt Gox and laundered them through BTC-e and Tradehill, another San Francisco-based exchange he owned, they said in the statement.
Full story at http://bit.ly/2h88U0o
Source: The Guardian
Bitcoin grows up and gets its first federally regulated exchange
Bitcoin is set to be given the same financial safeguards as traditional assets. The US Commodity Futures Trading Commission has granted LedgerX, a cryptocurrency trading platform operator, approval to become the first federally regulated digital currency options exchange and clearinghouse in the US.
Despite reaching dizzying new highs this year -- and overtaking the value of gold -- Bitcoin has so far gone unregulated. LedgerX's new role will allow investors to hedge against price swings in digital currencies in the same way that traditional assets are protected.
Full story at http://engt.co/2h8HHdX
Source: Engadget
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