News Bits

a) Bitcoin’s price reached a 30-day high on Friday at $2,838 with a market capitalization of close to $46.718 billion. The price reached $2,900 on some exchanges. The Friday high was the closest the price has gotten to the $2,964.74 it reached on June 12.

b) Concern about the hard fork on August 1 continues to subside, as more than 90% of the last 144 blocks have signaled in favor of the SegWit proposal by July 21.
Consensus has emerged for BIP 91, a precursor to SegWit, which is designed to prevent a chain split from occurring should miners disagree about whether to activate SegWit2x or BIP148, a user-activated soft fork. BIP 91 does not rely on set dates to activate its rules, but counts on having a certain amount of hash power.
The price boost indicates the scaling debate appears to be reaching a conclusion, with the expectation of the network reaching a higher capacity.

c) Deuscoin, latest entrant to the cryptocurrency market, said it will be making its launch in India. Despite being launched as late as January 1, 2017, the alt-coin is expected to see traction in India, said Dana L Coe, CEO, BitLox.
With cryptocurrency gaining more prominence post-WannaCry, Deuscoin becomes more relevant as it is low priced and quick in terms of transactions, transfers, arbitrage, said the company

d) Total decentralization is the main feature of most cryptocurrencies. As a result, there is no specified central point of authority. This is possible since everyone taking part in the transaction has a full copy of the required transactions. This creates a resilient network that cannot be changed or reversed by any policy in the transaction. Governments and banks are now trying to incorporate the technology, effectively aiming to create loosely centralized cryptocurrencies for their own purposes.

Follow Me: @allaboutcrypto
Your Quickest Source to Know The Latest News On Cyrptocurrencies