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Bitcoin price hits new record highs as good news buoys investor confidence

19 Noviembre 2017

While Russia was rebranding its mooted digital currency as the "cyber-ruble", history was being made as news.Bitcoin.com trialed one of the world's first atomic swaps, exchanging BTC for LTC at the push of a button. These expectations on benefiting from such dividend leads to boosting the value of Bitcoin. A shock came when just days before the split was supposed to occur, the people behind the split canceled it and decided that it was more beneficial for cryptocurrency if unity was the focus instead of segmentation. Interested parties note that the current software associated with Bitcoin needs to be updated to handle the increased interest and activity in the cryptocurrency market. At the same time, bitcoin cash, the three-month-old cryptocurrency cousin of bitcoin, also quadrupled in value overnight.

Nonetheless, it is a distinct possibility that investors moved toward the newer iteration of the leading cryptocurrency in response to the news of the hard fork's cancellation. The majority of his work focuses on Bitcoin, blockchain, and financial technology.

These proponents of hard forking generally believe the currency must be properly scaled with software updates if it is ever going to catch on in the mainstream payment world.

SegWit2x aims to speed up transactions on the bitcoin network by increasing the size of "blocks" - files that store information on the network - from one megabyte to two megabytes (hence, the 2x).

Will Ethereum and Bitcoin have another titanic year in 2018 on the backs of institutional investors?

No details were available on whether the deposits will carry a form of insurance and what other requirements are mandatory to participate. Moreover, Bitcoin Cash temporarily took center stage, surging to an all-time high of over $2,400 USD, as investors shifted money away from Bitcoin, on November 12. Suspension of fork has plummeted down Bitcoins value and has helped its clone Bitcoin cash to progress to new heights which was seen as an alternate investment.

Bitcoin price hits new record highs as good news buoys investor confidence