Prime News

Bitcoin Plunges over Risk Digital Currency Will Be Divided

Bitcoin lost around a fifth of its value over the weekend as there is an increasing threat the group of developers behind the digital currency will split in two.

On Sunday, bitcoin stood at $999. It previously traded around $970. The cryptocurrency had traded steadily until the weekend even after US regulators rejected a planned bitcoin-focused exchange-traded fund the week prior.

Developers, entrepreneurs, and exchanges have been embroiled in a sour battle for almost two years over the limit of a block, or the extent of transactions that the bitcoin network should facilitate. As of present, the system can only process blocks of a megabyte.

Recommend: Prime News
 
Crude Prices Advance on Potential OPEC Deal Extension
28 Apr 2017, 04:20 UTC+00   
Views today: 1450 
UK Government Cuts Lloyds Bank State below 1%
28 Apr 2017, 07:37 UTC+00   
Views today: 1449 
Gold Little Changed, Poised for Largest Weekly Decline in 7 Weeks
28 Apr 2017, 02:28 UTC+00   
Views today: 1440 
Japan Seeks Currency Swap Scheme with ASEAN Countries
28 Apr 2017, 03:08 UTC+00   
Views today: 1432 
Alphabet’s Profit Buoyed by Strong Ad Sales
28 Apr 2017, 02:41 UTC+00   
Views today: 1430 

All Prime news