Month: November 2017

Another influential financial commentator is disparaging cryptocurrencies amid a run-up in prices. In an interview with Business Insider Poland, Nouriel Roubini, an economics professor at New York University’s Stern School of Business, expressed bearish views on bitcoin and its brethren, calling the ongoing price gains “a gigantic speculative bubble.” Roubini, who earned the nickname Dr. Doom for predicting the 2008 financial crisis, said that while blockchain technology is promising, bitcoin lacks “serious” payment and capital storage methods and that there Read more …

The CME Group has announced their intention to apply limits to their Bitcoin Futures’ trading range. According to their website, the platform is expected to launch in December, pending a review by regulators. The announcement made by the group on Tuesday seeks to safeguard against some of the volatility associated with the cryptocurrency space. The aim is to incorporate a price fluctuation limit at 7 and 13% below and above the previous session’s settlement price. Trading outside of 20% +/- Read more …

It is highly likely that the bitcoin price will surpass the $8,000 mark by the end of 2017, as SegWit2x has been called off by it supporting businesses and developers. Earlier today, BitGo CEO Mike Belshe released an official statement in regards to the termination of SegWit2x due to a lack of consensus to pursue the SegWit2x hard fork on November 16. A statement co-released by ShapeShift CEO Erik Voorhees, Blockchain CEO Peter Smith, Xapo CEO Wences Casares, and SegWit2x Read more …

The SEC is continuing to step up its rhetoric on initial coin offerings (ICOs). Speaking before the Practicing Law Institute’s Institute on Securities Regulation in New York today, Chairman Jay Clayton described the market as opaque and vulnerable to manipulation. In his full remarks, he went on to characterize tokens issued for startup or open-source project fundraising as ripe for misconduct, mentioning them alongside penny stocks and hidden fees on investment products. He told attendees: “[I]nvestors often do not appreciate that ICO Read more …

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Decentralized advertising token project, Spectiv, has purchased LiveTourLAB’s assets and all of its associated technology and intellectual property . LiveTourLAB has developed protocols to embed interactive images and 2D video within virtual reality and 360 Read more …

Bitcoin has reached a new all-time high of $7,888 as participants of the SegWit2x hard fork announce they have “suspended” it. A circular sent to the mailing list by major proponent Mike Belshe says that it was “clear” the project “had not built sufficient consensus for a clean blocksize upgrade at this time.” SegWit2x will therefore not activate Nov. 16 as planned, Belshe not naming a possible future date. The message reads: “Our goal has always been a smooth upgrade Read more …

News Mike Belshe has published a blog post indicating that the planned Segwit2x hard fork will not be taking place. The markets have responded dramatically, with the price quickly setting a new all-time high of approximately $7900 USD. Also Read: Silk Road Secret Service Agent Sentenced for Laundering Money While Prosecuting Ross Ulbricht It Has Been Revealed That the Segwit2x Fork Will Not Take Place Bitgo CEO, Mike Belshe has published a post indicating that the contentious Segwit2x Read more …

The organizers of a controversial bitcoin software update are suspending their attempt to increase the block size by way of a hard fork. Known for its strong early support from bitcoin startups and mining pools, the plan, called Segwit2x, or simply ‘2x,’ was to trigger a block size increase at block 494,784, expected to occur on or around November 16th. The goal of the project, according to those involved, was to use the measure to increase bitcoin’s transaction capacity, which Read more …