In the past week, we saw another week of light trading volume with relatively little news in the cryptocurrency world. Coin prices didn’t move much at all. Bitcoin price remained basically flat at around $4,350, while Ether rose 3% to $308.
With the upcoming changes for both Bitcoin (possible chain split in November) and Ethereum (Byzantium upgrade scheduled on October 17), people are taking a wait-and-see stance.
Meanwhile, the debate on Bitcoin chain split is starting to get heat up. Coinbase announced support for the blockchain with SegWit 2x, unlike their stance with Bitcoin Cash. Bitfinex has issued a new token (B2X) for traders to speculate on the potential value of the SegWit 2x blockchain.
It is hard to find an objective article explaining what SegWit 2x is because of how contentious the issue is. This article is one of the better ones explaining the context behind the chain split: https://bitcoinmagazine.com/articles/2x-or-no2x-why-some-want-hard-fork-bitcoin-november-and-why-others-dont/. It looks like a chain split will happen next month at block 494,784.
I am not an expert in this area so I don’t really know how the change will affect Bitcoin price, but will definitely keep a close eye on this and update you if there’s any major development.
Developments in the Cryptocurrency World
China Will Likely Resume Cryptocurrency Trading by Licensing Bitcoin Exchanges: https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/
Goldman Sachs exploring bitcoin trading operation: https://www.cnbc.com/2017/10/02/goldman-sachs-exploring-bitcoin-trading-operation-report-says.html
The SEC has charged two initial coin offerings with defrauding investors: https://techcrunch.com/2017/09/29/the-sec-has-charged-two-initial-coin-offerings-with-defrauding-investors/
Pfizer and Genentech Turn To Ethereum Blockchain: https://www.ethnews.com/pfizer-and-genentech-turn-to-ethereum-blockchain
Air France KLM Tests Blockchain Technology: https://www.coinspeaker.com/2017/10/05/air-france-klm-tests-blockchain-technology-mro/
Coinbase’s stance on potential Segwit 2x chain split: https://blog.coinbase.com/update-on-the-bitcoin-segwit2x-hard-fork-69426f14bc85
Bitfinex’s Segwit2x Chain Split Tokens: https://www.bitfinex.com/posts/221
Articles From Crush Crypto
Analysis of PayPie ICO: https://crushcrypto.com/analysis-of-paypie/
Analysis of Ripio Credit Network ICO https://crushcrypto.com/analysis-of-ripio-credit-network/