Jamie Dimon, CEO of JPMorgan Chase, has been in a fight with Bitcoin recently, but today he is throwing in the towel. He wasn't keen to talk about bitcoin again today.
"I'm not going to talk about bitcoin anymore", said Dimon in response to a question during the bank's third-quarter earnings call with media today.
He said this shortly after Bitcoin reached a new record high. Probably not a coincidence. The bitcoin price breached the $5000 dollar resistance and hit an all-time high of $5,240 on Bitstamp today. Bitcoin is now up around 424 percent year-to-date. Pretty amazing!
Other positive news today is that support for the Segwit2X fork is going downhill. Mining pool F2Pool stopped signaling today and the Seoul Bitcoin community (the largest bitcoin community in South Korea) denounced the upcoming contentious hardfork in a statement.
Cryptocurrencies Market Overview - October 12, 2017
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Bitcoin Daily Chart
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Latest Crypto News - October 12, 2017
Bitcoin hits a new record high above $5,200
Bitcoin hit a new record high Thursday with rising investor interest causing a rally for the price of the cryptocurrency.
Read more: cnbc.com
Just SegWit? Bitcoin Core Is Already Working on a New Scaling Upgrade
Bitcoin developers are making progress on Schnorr, a function for aggregating signatures and in turn, a way to increase the capacity of the network.
Read more: coindesk.com
Swedish Officials Settle First Debt in Bitcoin
Swedish officials with the Swedish Enforcement Authority has settled a debt with bitcoin. This is the first time the enforcement agency in the country accepted bitcoin as payment rendered for debt owed to the State.
Read more: bitcoin.com
NEO Price Takes a Beating in Both USD and BTC Value
With all of those positive Bitcoin price momentum taking place as we speak, the cryptocurrency community is in for a very wild ride. No one knows how things will evolve in the coming hours and days. One currency suffering from rather substantial losses right now is NEO. Given the recent NEO price trend, a correction was bound to happen sooner or later. Pushing the value below $30 again is somewhat of a surprise, though.
Read more: themerkle.com
Jamie Dimon says he's not going to talk about bitcoin anymore
Jamie Dimon, chairman and CEO of JPMorgan Chase, said he is no longer going to discuss bitcoin after his comments last month that the digital currency was a 'fraud' caused quite the stir on Wall Street and Silicon Valley.
Read more: cnbc.com
Putin Confirms Russia Will Regulate Cryptocurrencies
Following the meeting with Vladimir Putin, Russian regulators announced that cryptocurrencies will officially be regulated in Russia. The central bank and the finance ministry will now work together to come up with one draft law to provide a basic regulatory framework for cryptocurrencies including bitcoin, which is expected by the year’s end.
Read more: bitcoin.com
F2Pool Deals Possible Death Blow to SegWit2x Fork, Withdraws Support
SegWit2x fork receives a huge blow as New York Agreement signatory F2Pool ceases signalling for the fork. BitGo engineer Jameson Lopp jubilantly posted to Twitter this morning that Bitcoin mining pool F2Pool has stopped signalling for SegWit2x.
Read more: cointelegraph.com
Blockchain.info Wallet Users Get Access to Bitcoin Cash
Popular web wallet service for Bitcoin, Blockchain.info, has announced that users who held BTC during the August hard fork are now going to be able to access their Bitcoin Cash.
Read more: cryptovest.com
Japan's Dominant Trading Volumes Push Bitcoin Price Past $5000
Japan is now the largest cryptocurrency trading hub by volume. Yen trading volumes have toppled China's market dominance and now stand at 58%.
Read more: cryptovest.com
Keeping the Real Bitcoin: Bitcoin Core Wallet Promises Safety
Some wallets and exchanges would allow the two blockchains to fight it out to define which one is "the real Bitcoin". But Bitcoin.org has issued a warning on how to keep Bitcoin safe during the hard fork.
Read more: cryptovest.com
Source: Twitter
