On August 1, 2017 12:20PM UTC, the Bitcoin network is scheduled to experience a hard fork with the emergence of Bitcoin Cash Fake Bitcoin (BCH). We are less than 22 hours away from this Bitcoin hard fork altcoin and meanwhile the BTC price remains stable above $2750 :-)
Welcome to my Cryptocurrencies Markets Overview for Monday, July 31, 2017.
24 Hour Change
7 Day Change
Month-to-Date Change
Market Capitalization
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Latest Crypto News - July 31, 2017
Bitcoin Price Picks up Steam Toward US$2,800 and Beyond
Even though the week has only just started, things are already shaping up in an interesting manner. Bitcoin is the only currency in the top 10 to gain any value over the past 24 hours, whereas everything else is taking a backseat. Interestingly enough, the total cryptocurrency market cap has remained virtually unchanged.
Read more: themerkle.com
FBI Has Gained Control Of Our Wallets: Bitcoin Exchange BTC-e
Troubled cryptocurrency exchange BTC-e has said its downtime was due to “FBI agents entering its data center.” In a post in Russian on BitcoinTalk Monday, BTC-e, which has been down for almost a week, said it had struggled for six days to get answers from its hosting provider.
Read more: cointelegraph.com
Zurich-Based Bank Offers Bitcoin And Crypto Asset Management Services
Falcon Private Bank has become the first Swiss bank to offer customers bitcoin and crypto asset management services, in cooperation with Bitcoin Suisse AG, an asset manager and financial service provider specializing in crypto-assets. The bank allows customers to buy, hold and sell bitcoin.
Read more: cryptocoinsnews.com
Why Bitcoin Price Remains Stable Few Hours Before SegWit Activation
Only hours remain before the widely-expected Bitcoin network’s SegWit activation and its anticipated fork. Expectations were very high of some panic-motivated reactions ahead of the Aug. 1, 2017 deadline.
Read more: cointelegraph.com
Will Bitcoin Cash Impact the Bitcoin Price? Traders Split on Possible Fork
As if a years-long debate over the network's technical roadmap wasn't dramatic enough, Tuesday could see yet another twist in bitcoin's scaling debate. That's when a group of miners and developers say they will go as far as to create an alternative network to prove bigger blocks are the best solution for increasing network capacity.
Read more: coindesk.com
BTC-e Pledges to Return Customer Bitcoin Days After Police Seize Domain
A forum account long associated with the operators of the BTC-e digital currency exchange has posted new statements days after international law enforcement officials moved to shutter the service.
Read more: coindesk.com
Slow Withdrawals Leave Coinbase Users Annoyed
While some companies have chosen to back Bitcoin Cash, others have expressed less faith in the new altcoin. Coinbase is one company that has no plans to support Bitcoin Cash, and that has been causing some problems even before the fork.
Read more: themerkle.com
The Upcoming Bitcoin Cash Hard Fork: The Choices for Bitcoiners
On August 1, the Bitcoin network will split with the emergence of Bitcoin Cash (BCH). This article will outline the choices you have if you hold bitcoin and some potential outcomes of the split.
Read more: btcmanager.com
Before and after getting into Bitcoin:
The "01010100" in the B01010100C is the binary code for "T", so BTC :)
hope for the best , btc is solid and stable like a rock, and it will move Up very soon .
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Looks like steemdb and steemnow are stuck. Any problem with the db?
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Ok just read the comments
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BTC is going all the way up. I am so looking forward to this ride.
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Slow withdrawals from Coinbase are going to cause either a severe price increase or decrease in the next 24 hours. Strap in, people.
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I wonder what's gonna happen after the 3rd as far crypto changes are concern. I've read so many opinions. Keep watching the crypto market. What ever the outcome I'm here to stay. No turning back, I'm after the bigger picture.
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Very informative article, many thanks for you my friend @penguinpablo
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I'm very excited about this, there's nothing to worry about, it's just BTC reaching puberty.
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btc is more than gold...
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Very clever dollar bill lol.
BTW Steemnow seems down...
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Yes, it has in issue connecting to the Steem blockchain. I hope it will be fixed soon.
https://steemd.com and https://steemstats.com are also down.
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Just read that a node is down for maintenance so it should be up again soon. Litecoin seems to be getting support at $31+. This thing could be flying by tomorrow.
A rising tide lifts all ships!
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I have a strong feeling people are just going to dump BCH immediately after they receive it and then trade back into alts from any "profits", but wtfdik
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Would be nice to see both coins co-exist/merge as one, but maybe only in a perfect crypto world
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Great post of quaility information bro, indeed helpful. Kudos
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Big day let's see what happens!
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This could all be much ado about nothing tomorrow
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There is a lot of suspense now. The future of the BCH will be determined by the market. Nobody can be sure what will happen. Look at ETC. It's still alive.
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hay que estar muy atento con el hard fork!!
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Fasten your seatbelts!
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Market Cap is misleading. It isn't something I'd use to track crypto with.
As for the alt-coin BCH, the futures that are listed are already trading downward. BFX is in the position where they may be unwittingly creating a fractional reserve situation.
http://hackingdistributed.com/2017/07/29/bitcoin-impending-accounting-disaster/
This would explain BFX's soaring short interest balances. People are gaming their system to get free BCH, which will no doubt be dumped to get more BTC.
Tempest in a teacup.
Bitcoin will be fine, just like it was when LTC forked off and did their own thing. Not much difference, really.
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Really very good information. .thankyou @penguinpablo. Also visit my posts and upvote.
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I see you have done your homework well . As you always do of course .
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Thanks for the information but I do not see how it will remain stable when a fork is expected to split and that the Segwit2x locked up at Block 27070. The argument was that the testnet was not secure but I think Segwit2x is immature and so do a lot of people. I hope you are right that things will function smoothly but...Great post!
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This post received a 2.7% upvote from @randowhale thanks to @penguinpablo! For more information, click here!
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As always useful information. I am surprised though at the stability of BTC, let's hope that things will self-regulate and all will be well.
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