Bitcoin realises losses of $3.2 billion but price recovers above investors buy-and-hold floor

Cryptocurrency prices have recovered somewhat from last week’s lows. Last Wednesday, 19 May, the bitcoin price reached as low as $29,925 and the Ethereum price as low as $1,948. Today, Wednesday 26 May, the bitcoin price is above $38.5k and the Ethereum price is above $2,700. However, despite these gains, prices are still well below recent all time highs.

The possible causes of the price fall have been covered extensively throughout the industry. As I wrote last week, they range from Elon Musk’s tweets to environmental concerns to an overheating market. My view that the stakes are now too high for investors not to address concerns received some validation, with Coinbase appointing their first Chief Policy Officer, and Michael Saylor and Elon Musk forming the Bitcoin Mining Council to provide data on the energy usage of bitcoin mining.

TREZOR Firmware Updated to 1.5.0 ERC-20, Litecoin SegWit, and Rootstock in TREZOR

Time flies by so quickly! Just look what happened to the price of bitcoin, ethers, litecoins, etc., in the meantime. TREZOR development cannot just lag behind! Therefore, today’s update brings you several new improvements: full support for ERC-20 tokens and initial support for Rootstock (RSK). Additionally, TREZOR is now ready for SegWit on Litecoin and on Bitcoin Testnet.

Let’s have a closer look!

This is a stable version of TREZOR Firmware. However, as it is not yet useful for a majority of users, the update will only be available on the TREZOR Beta Wallet. Make sure you have your Recovery seed with you before updating firmware.

Bitcoin Scaling Agreement Officially Met: Segwit + 2MB Hard Fork Joseph Young on 23/05/2017

Barry Silbert-led Digital Currency Group (DCG), arguably the most prominent investment firm in the bitcoin and blockchain industries, revealed that miners and businesses came to a consensus to solve bitcoin’s underlying scaling issue.

The planned execution of a 2MB hard fork is a crucial compromise that needs to considered and acknowledged in this agreement. Initially, On February 21, at the Hong Kong Bitcoin Roundtable event, the mining community and bitcoin industry agreed upon the execution of a hard fork to expand the bitcoin block size to 2MB and address the network’s growing user base and daily transaction volume.On May 23, DCG announced that a group of companies representing the bitcoin industry and community with 83.3 percent of hashing power, 20.5 million bitcoin wallets and 5.1 billion on-chain transaction volume, agreed to the activation of the Bitcoin Core development team’s transaction malleability fix Segregated Witness (Segwit) and a 2MB hard fork within six months thereafter.

Bitcoin, cosa è e come funziona la moneta virtuale