Jun 30, 20192 min read

Bitcoin News 1 August 2017 – Bitcoin Hard Forks, Bitcoin Cash Created

Today is a momentous day for Bitcoin – the day that the us, User Activated Soft Fork, activated. The Bitcoin worth nearly touched $3000 however dropped down later. The Bitcoin exhausting fork occurred at 12:20 UTC – miners which might be mining Bitcoin Cash created a transaction block better than 1 MB in dimension and forked the Bitcoin community. The creation of Bitcoin Cash.

Bitcoin.com reported “This previous March Bitcoin.com launched its mining pool which has garnered fairly a little bit of hashrate because it began. This is as a result of pool providing the very best payout plans within the business with a 110% block reward, 0% charges. Now we’re happy to announce that pool.bitcoin.com members can put together to mine the Bitcoin Cash (BCC) protocol when the chain begins on August 1st.”

Some exchanges usually are not supporting Bitcoin Cash and many purchasers tried to get their Bitcoin out of those exchanges earlier than they suspended withdrawals, however to no avail. It was reported that Coinbase had a major backlog and sadly many sad clients.

Other News Headlines:

Ethereum Mining Difficulty Exploded Over the Past Three Months – More individuals wish to mine cryptocurrency nonetheless this doesn’t bode properly for Ethereum miners. As issue will increase, extra highly effective {hardware} is required to mine.

Irish Tech Startup Introduces Wearable Dash Payment Wristband – launched a QR code and NFC built-in wristband to permit pageant and bar goers to pay for meals and drinks utilizing Dash.

Finance minister Gigaba speaks out on Bitcoin regulation in South Africa – “while cryptocurrencies are currently not regulated – they operate without the authority of central banks – a number of institutions were working to address this”

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