In our “Bitcoin” section, we cover the latest news, developments, and trends related to the world’s first cryptocurrency. Here you will find information about the Bitcoin network, mining, market movements, and the factors influencing the BTC price. Read the “Bitcoin” section on ForkNews to stay updated on everything happening in the Bitcoin ecosystem.
The venture company Founders Fund, founded by Peter Thiel, which invested about $10-15 million in bitcoin in mid-2017, now has hundreds of millions of dollars in cryptocurrency assets. The reason for this was the sharp increase in the price of cryptocurrency at the end of last year. It is not yet known whether he sold part of his assets. Wall Street Journal journalist Rob Copeland wrote about this.
Bitcoin Cash developers have released Bitcoin ABC 0.16.2. The full implementation of the node, among other things, includes the transition to a new address format - Cashaddr, based on the Bech32 codebase.
Egypt's Grand Mufti Shawki Ibrahim Abdel-Karim Allam said in an official ruling (fatwa) on Monday that trading in Bitcoin is considered “illegal” according to Islamic traditions. He explained this by saying that the virtual currency was not recognized as legal by the Egyptian government.
The Malaysian government will not impose a ban on cryptocurrency trading in the country as a large number of Malaysians have invested in Bitcoin. This was announced in a recent interview with The Malaysian Reserve by the second Minister of Finance of Malaysia, Datuk Seri Johari Abdul Ghani.
The chief economist of the large European company Allianz, Mohamed El-Erien, in his column on Bloomberg, expressed the opinion that 2018 will be decisive for BTC. “This sharp price correction will either be a catalyst and increase the already huge interest of traders in the new market, or it will be the thing that punctures this remarkable bubble,” writes El-Erian.
The hard fork should solve the accumulated problems of BTC, while its goal is not to replace the original Bitcoin, but to effectively coexist the two cryptocurrencies. Miners and developers believe that B2X will gradually take over all the functionality in the field of micro and medium-sized transactions.
Former strategist and analyst at JPMorgan Chase, founder of Fundstrat, Tom Lee, admitted that he took advantage of the fall in the Bitcoin rate to purchase his first cryptocurrency. The analyst also clarified, in light of recent events, his forecast for Bitcoin
A senior vice president at ebay Americas recently said that he is “seriously considering” accepting Bitcoin as a new payment method. In an interview with Yahoo! Finance, Scott Cutler admitted that while the company is considering the possibility, no final decision has been made. Cutler also added that the site is one of the most popular trading platforms for mining equipment.
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