Newsflash: Resurgent Bitcoin Price Tops $1,050 Amid Hard Fork Talk
Bitcoin price began the week riding a swell that began during the late hours of Sunday evening, registering a high of $1,063 on the Bitstamp Price Index (BPI). The uncertainty and ongoing debate surrounding bitcoin’s scalability solutions with Segregated Witness or SegWit and Bitcoin Unlimited has contributed to significant volatility in the price of the cryptocurrency in recent days. A hardfork statement toward the end of last week by 18 major bitcoin exchange revealed a contingency plan of listing Bitcoin Unlimited as an alternative cryptocurrency, with its own token. In the immediate....
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Bitcoin price is on the road to recovery after suffering a significant collapse triggered by rapid selling by investors amid continuing talk of a hard fork as a part of the bitcoin scaling debate. On Tuesday, at the time of publishing, bitcoin price scaled a high of $1,117.9 in an upward climb on the Bitstamp Price Index (BPI). Bitcoin began Monday at the $1,000 mark, reaching a high of $1,053 an hour afternoon(UTC). The climb was a part of recovery after bitcoin sunk to a low of $944 last week, a 30-day low, losing over 18% in value from trading above $1,150 as talk of a hardfork....
Talk around the Cardano (ADA) Vasil hard fork has been circulating in the crypto space for the last month. The hard fork which was supposed to go live back in June had been rescheduled to July due to security issues but that has in no way reduced the enthusiasm around the hard fork. The new date was set for the end of July and as the day draws closer, the community has been buzzing with excitement. However, this has failed to translate to its price. The Cardano Vasil Hard Fork The growth of the Cardano network has made it a necessity for it to be upgraded and IOG, the developer behind....
Is the early stage of the hard fork potentially driving this price rally of Bitcoin? It’s definitely possible, but it could also be a variety of other factors as well. Over the past week the price per Bitcoin has shot up almost $40.00 USD and there has been some speculation about whether that spike has had anything to do with the news about the hard fork to Bitcoin Classic. There have been some concerns about the hard fork due to some issues with scaling, adoption, regulation, legality and liability. Yet there have been vocal supporters of the hard fork in the space that have championed....
Ethereum’s DAO hard fork update landed on GitHub yesterday, allowing users to vote on whether they support the Hard fork that will refund the DAO after the attack that drained around four percent of the total Ethereum (approx. 50 million US dollars worth at the time) in circulation from the smart contract. Ethereum Reaches A Crossroads with Hard Fork Update. This hard fork update, if successful, would wipe one of the biggest failures to happen in the cryptocurrency ecosystem away, giving the people with a stake in The DAO (and others who suffered from the subsequent price depreciation of....
The highly anticipated Ethereum hard fork is expected to launch on August 4 at block height 12,965,000 according to Ethereum core developers. The London hard fork will add five Ethereum Improvement Proposals (EIPs) that aim to enhance the blockchain. However, the Berlin hard fork was postponed after a vulnerability was identified by the audit company Chainsecurity and the London hard fork could be delayed as well. London Hard Fork Scheduled for August 4, 2021 Ethereum’s London hard fork is one of the most long-awaited changes in quite some time and will follow the recently....