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Topped Out? Bitcoin Flirts with Short-Term Bearish Reversal

Bitcoin prices are taking a hit at press time, and could suffer a deeper pullback over the weekend, the price charts indicate. Notably, it’s only been a day since the cryptocurrency clocked an all-time high of $11,363.99, before falling more than 15 percent to $9,295.79, as per CoinDesk’s Bitcoin Price Index (BPI). In the Asian hours, Bitcoin regained some poise, moving to a high of $10,681 today, before starting to drop again at around 05:00 UTC. The cryptocurrency was last seen [...]

Bitcoin Classic Announces Closure In Wake of Segwit2x Suspension

Proposed Bitcoin scaling solution Bitcoin Classic has announced it will be closing its doors, claiming Bitcoin cash is now achieving what the project set out to do. Speaking in a blog post, release manager for Bitcoin Classic, Tom Zander, said that, given the suspension of the Segwit2x hard fork, Bitcoin’s scaling problem will continue, and the functionality of Bitcoin cash will likely surpass that of Bitcoin. Zander wrote: “In at most 6 months I’m sure we’ll just drop the ‘Cash’ and [...]

Bitcoin Startup RSK to Launch Smart Contracts Sidechain in 2017

One of the most-anticipated Bitcoin projects is planning a live network launch later this year. Revealed in an interview with CoinDesk, startup RSK aims to soon go live with technology that will bring smart contract functionality to Bitcoin in the form of an interoperable sidechain. According to RSK co-founder and chief scientist Sergio Lerner, with the formal launch, users will be able to use ethereum-like tools on Bitcoin for the first time. As profiled by CoinDesk, sidechains allow for tokens [...]

Where to Trade Bitcoin? Brokerage Apps Move In Amid Market Boom

Established brokers and startups want in on the crypto boom – but, Trading 212 is a bit of both. Founded by Bulgarians Ivan Ashminov and Boris Nedialkov, Trading 212 is the trade name for Avus Capital, a broker-dealer with roots going back 14 years in foreign exchange and commodities dealing in Europe. But while the company isn’t exactly new, what it’s doing with share trading and cryptocurrencies is – and it seems to be generating success so far. Its app is [...]

Back Above $5,500: Bitcoin Shrugs Off Fork with Price Rebound

Bitcoin is gathering fresh upside traction this Wednesday. At press time, the Bitcoin-US dollar (BTC/USD) exchange rate is $5,540, up 3 percent from the intraday low of $5,376, but still down 2 percent on a daily basis. Week-on-week, BTC is trading largely unchanged, while on a monthly basis, it is up 41 percent. But, it’s perhaps the daily recovery that is most notable. While slight, it can be read as encouraging as it follows the news that Bitcoin gold, a new [...]

National Economics, Gambling and Cryptocurrency: A Perfect Storm?

Noelle Acheson is a 10-year veteran of company analysis, corporate finance and fund management, and a member of CoinDesk’s product team. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday, exclusively to our subscribers. The gambling world is no stranger to disruption. Just as online platforms are pushing aside evocative, casino-based settings, they themselves are starting to face big change. The threat – or the opportunity – comes from two trends, one cultural and one technological. [...]

Regulated Cryptocurrency Betting Just Got a Big Boost in Europe

Regulated cryptocurrency gambling is about open up across a large swathe of Europe. Announced today, major eSports platform Unikrn has been awarded a gambling license in Malta, a move that will open up its platform to real-money wagering via its UnikoinGold crypto token. UnikoinGold – which is based on the ERC-20 ethereum standard and is currently being distributed via a token sale or ICO – is being deployed as a medium for real-money wagering in licensed jurisdictions. And, with the Malta licensure, that [...]

Ethereum Developers Optimistic Ahead of Byzantium Blockchain Fork

Ethereum’s core developers assembled yesterday for a final scheduled meeting before the blockchain network, the world’s second-largest by total value, undergoes its next upgrade, expected on October 16. Held via Google Hangouts at 14:00 UTC, the discussion centered on ensuring all ethereum clients upgrade their software in unison so as to avoid any unintended splits. For the fork to occur across all nodes uniformly, clients need to include the necessary changes that accompany the upgrade – called Byzantium – as well as the trigger [...]