Bitcoin 

Bitcoin Price Flash Crashes as Market Wrestles With SegWit2x Cancellation

The bitcoin price experienced a nearly $1,000 flash crash after reaching a new all-time high just below $7,900 in the wake of the cancellation of SegWit2x. The bitcoin price surged in response to the announcement, rising to a new all-time high of $7,899 at 17:30 UTC on bitcoin exchange Bitfinex. However, soon after, the bitcoin price fell into decline, and at approximately 18:40 UTC it fell prey to a flash crash and plummeted to $6,977. This plunge constituted a $922 — or 12% — decline from the all-time high it…

Read More
Bitcoin 

Bitcoin Price Rebounds to $7,400 as SegWit2x Support Declines

Earlier today, on November 8, the bitcoin price recovered to over $7,400 after dipping briefly below $7,000, as the market continued to show support for the original bitcoin blockchain over SegWit2x. Charlie Lee, the creator of Litecoin and former Coinbase executive, revealed that Nick Szabo, blockchain, bitcoin, and smart contracts pioneer whom the bitcoin community considers as a figure closest to bitcoin creator Satoshi Nakamoto, has publicly expressed his opposition against SegWit2x. Scaling is a sensitive but important topic to bitcoin developers, community, and the industry. But, the community has…

Read More