Welcome to my Cryptocurrencies Markets Overview for Tuesday, October 24, 2017.
Today in the news:
- Bitcoin Gold (BTG) officially separated from the bitcoin blockchain today
- Bitcoin Gold's website is down due to a DDoS attack.
- Coinbase, Gatecoin and BTC.com reveal Segwit2x splitting plans
- SegWit2x futures are now listed on CoinMarketCap
- And other news below...
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Latest Crypto News - October 24, 2017
Bitcoin Price Falls to 5-Day Low Following Fork Currency Creation
The price of bitcoin fell to a five-day low today, though the reasons why are perhaps complex to unpack.
Read more: coindesk.com
Bitcoin Gold Initiates Hard Fork Split to Create New Cryptocurrency
A new cryptocurrency has been created through a hard fork of the bitcoin blockchain. Completing a process that began in July, the bitcoin gold technical team has taken what it calls a "snapshot" of the bitcoin blockchain so it could be recreated and reconfigured with new rules, ultimately creating bitcoin gold at block 491,407 on the original blockchain.
Read more: coindesk.com
Vladimir Putin Mandates New Rules for Cryptocurrencies and ICOs
Russian President Vladimir Putin has mandated new regulations around cryptocurrencies, including registration requirements for miners and the application of securities laws to initial coin offerings (ICOs).
Read more: coindesk.com
Other sources:
- Putin Confirms Russia Will Regulate ICOs, Mining By July 2018 (Cointelegraph)
SegWit2x Futures Are Now Listed on CoinMarketCap
he upcoming SegWit2x hard fork is of great interest to Bitcoin users all over the world. Although support seems to have dwindled somewhat, plenty of people still think this fork will be a major success. This explains why the SegWit2x futures market is getting a lot of attention, so much so that CoinMarketCap has decided to list it as its own currency. It’s an interesting development, even though there is only one platform with a B2X futures market which is tracked right now.
Read more: themerkle.com
Ledger and Intel Enter Partnership to Make Blockchain Applications Safer
Intel is entering a partnership with Ledger to allow it to use SGX technology to secure blockchain applications in its operating system.
Read more: cryptovest.com
Bitcoin Gold Website Down Following DDoS Attack
A new cryptocurrency called bitcoin gold (BTG) officially separated from the bitcoin blockchain this morning – and the project's website has been under denial-of-service attacks ever since.
Read more: coindesk.com
Other sources:
- Bitcoin Gold: A Chaotic First Day (Cryptovest)
MyEtherWallet: New Version, A Few Subtle Changes
MyEtherWallet released version 3.10.5.1, coming with subtle, but important changes. Scam protection and ICO safety are priorities for the wallet developers, as this wallet is one of the most attacked and unsafe when not used properly.
Read more: cryptovest.com
Coinbase, Gatecoin and BTC.com Reveal Segwit2x Splitting Plans
A hard fork to increase the block size is planned for the bitcoin network on or around November 16, 2017, at block height 494784, to fulfill the latter half of the so called New York Agreement. With roughly 23 days left until the change and many counter-arguments strewn across the net, many bitcoin-based businesses are starting to reveal fork plans in greater numbers.
Read more: bitcoin.com
Bitcoin Gold has Forked, but Where Are the Coins?
The hard fork at block 491,407 has passed- but now, nothing happens. And while in theory users should have free coins, Bitcoin Gold is still a thing to stay away from.
Read more: cryptovest.com
FUD for Bitcoin, Praise for Blockchain: Royal Bank of Canada CEO on Crypto
Financial heads continue to weigh in on Bitcoin’s legitimacy, and from Jamie Dimon to the IMF’s Christine Lagarde, the opinions are split. Now, Royal Bank of Canada CEO David McKay has said his piece, questioning its point and function in society.
Read more: cointelegraph.com
BEWARE: Cybercriminals Dupe Poloniex Traders Using Password Stealing App
Malicious hackers are harvesting personal login credentials of cryptocurrency traders using official Android apps masquerading as popular exchange Poloniex.
Read more: cryptovest.com.com
