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.
Recently, the vice-president of Groupe Nduom, a leading financial holding company in Africa, Papa-Vassa made a statement: “Thirteen African countries must buy bitcoin and immediately.” His proposal comes as many African countries rely entirely on the dollar as their reserve currency.
Yesterday evening there was information on the Internet that the IT industry giant Microsoft refused to work with bitcoin. This statement was made by unnamed “official representatives” of the company, and this news was published on the Microsoft website. A couple of hours later, this news was picked up by the Russian-speaking segment of the Internet, causing a wave of sarcastic comments. But in the morning the situation turned 180 degrees.
Investment bank Merrill Lynch has blocked access for clients and financial advisors who conduct transactions on their behalf to instruments for buying and selling bitcoin due to doubts about the advisability of such investments, writes The Wall Street Journal
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.
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