Bitcoin is on track to recoup losses from its weekend crash thanks to signs that the civil war tearing the cryptocurrency community apart may soon reach resolution. Bitcoin tanked 20%, below $ 1,800 per coin over the weekend, but is now trading at around $ 2,300. According to reporting by Bloomberg’s Yuji Nakamura, that may be because bitcoin miners are getting on board with a software created to bridge the gap between the two opposing camps in the bitcoin community. If enough miners…"Bitcoin is on a tear amid signs that its civil war is coming to an end"
A civil war is taking place in the world of bitcoin, putting the future of the red-hot cryptocurrency in question. Bitcoin is up over 250% since last year, but in the past few months its price has experienced big swings. Arthur Hayes, CEO of BitMex, a bitcoin derivative exchange, told Business Insider he thinks recent volatility in bitcoin’s price reflects the uncertainty surrounding the outcome of this war, which will be decided August 1 when crypto-power brokers determine how the tech that…"Bitcoin is embroiled in a civil war — here’s one way it can unfold"
There’s a civil war in the bitcoin community over the digital currency’s future. Developers, miners, and other stakeholders are locked in a heated debate over how best to scale the network, with chances steadily rising of irreconcilable differences causing a so-called “hard fork” that would split Bitcoin in two. Bitcoin is in crisis, and while there’s broad consensus that something needs to be done, there’s little agreement on what. What’s the problem? To put it…"A Bitcoin civil war is threatening to tear the digital currency in 2 — here’s what you need to know"