Your Daily Bitcoin News - Coin Update

Your Daily Bitcoin News

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Your Daily Bitcoin News

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October 24, 2017 | $5,708.22

Bitcoin Businesses Refused Accounts as UK Banks Consolidate Power

The UK boasts about its relative European dominance in the financial technology (fintech) sector, but its own banks are making life difficult for the country's  bitcoin-related businesses and services.

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Coinbase, Gatecoin and BTC.com Reveal Segwit2x Splitting Plans

A hard fork to increase the block size is planned for the bitcoin network on or around November 16, 2017, at block height 494784, to fulfill the latter half of the so called New York Agreement. With roughly 23 days left until the change and many counter-arguments strewn across the net, many bitcoin-based businesses are starting to reveal fork plans in greater numbers.

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Financial Tycoons and Celebrities Weigh in on Bitcoin

Financial luminaries and celebrity types are talking about the bitcoin phenomenon quite a bit these days. While some of them are optimistic but hesitant, others believe the decentralized currency is a better system than gold or fiat.

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DRW and Other Firms Embrace High-Frequency Bitcoin Trading

A large Chicago-based proprietary stock trading firm, DRW, has embraced bitcoin trading over stock trading. DRW has pivoted in accordance with shifting trends in the economy and in the fintech sector. Traditional stocks do not move like cryptocurrencies, and the higher volatility of bitcoin markets means larger gains. Other companies have also dove into the gold rush of bitcoin trading. 

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Extreme Cold Storage: A Fortress of Solitude for Bitcoins

Many bitcoin investors use hardware devices, paper wallets, and multi-signature solutions to keep their wealth safe from online threats such as hackers and malicious viruses. However, there are more extreme cold storage options for those who have lots of bitcoins, like $100,000 worth of BTC or more. One such process, a method called the Glacier Protocol, provides a step-by-step high-security convention for bitcoin cold storage.

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