Bitcoin Cash, an alternative version of the digital currency bitcoin that launched earlier this month, saw its price spike sharply overnight, as much as 86% after the fledgling network showed it could handle the kinds of higher traffic for which it was built. Bitcoin Cash was most recently up 66% at $ 567. Its total market capitalization is now $ 9.4 billion, which pushed it over the $ 6.1 billion market cap of a cryptocurrency called…"‘Bitcoin Cash’ Jumps 86%, Now the Third-Most Valuable Digital Currency"
Satoshi, eat your heart out (if you exist). In addition to Bitcoin, there are now hundreds of cryptocurrencies in circulation, some more liquid than others. Not all seem quite kosher in the figurative sense of the word. Only one may be in the literal sense: BitCoen. Tablet Magazine reports that Russian entrepreneur Vyacheslav Semenchuk is launching a cryptocurrency with “the values and customs of the ancient foundations in the framework of Jewish law.” The currency would be overseen…"Oy, Such a Currency"
Bitcoin may have appreciated 300% in the last 12 months, but Morgan Stanley still isn’t convinced the cryptocurrency will be a viable currency in the long run. In new research published this week, analysts at the bank say that bitcoin (and its counterparts like ethereum) are still more like investment vehicles than fiat currency that you could spend on goods and services. In addition, it said there are few reasons to use bitcoin instead of a debit…"MORGAN STANLEY: Bitcoin isn’t a currency"
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"