News 

New Litecoin Core RC Client Enables Default SegWit…

“Do keep in mind this is still a release candidate and not the finalized version of the Litecoin Core wallet” writes Jp Buntinx for livebitcoinnews.com. More specifically, SegWit will be enabled by default for all Litecoin wallet addresses.All of these developments will contribute to a better overall Litecoin wallet experience, which can only be considered to be a smart decision.With the new Litecoin Core client, all addresses will be hierarchical deterministic by default. Source: livebitcoinnews.com Share This:

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Crypto News 

A top Coinbase exec explains the master plan to turn the $1.6 billion cryptocurrency exchange into the next Google

“Peterson: Besides the impact this will have on the greater bitcoin network, how will SegWit affect Coinbase customers?” writes Becky Peterson for businessinsider.com. But I think if we shift to long-term, Coinbase is going to be 100% focused on cryptocurrency.That’s how we’re going to be the cryptocurrency company, that if we do go public at some point in the future, we’ll have that narrative.In a bigger-picture sense, Romero says that Coinbase is trying to build a company that could do for cryptocurrency what Google did for search. Source: businessinsider.com Share This:

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Coinbase says it will roll out support for a Bitcoin network update called SegWit to all customers by next week; Bitfinex announced support for SegWit today

“Coinbase, one of the most popular cryptocurrency exchange platforms, just announced it is rolling out a bitcoin network update called SegWit” reports ibtimes.com. Bitfinex, another leading bitcoin exchange, also announced upcoming SegWit support on Monday. “The SegWit implementation means Bitfinex users can benefit from lower BTC withdrawal fees (approximately 15 percent) and improved processing times on transactions across the Bitcoin network,” the Bitfinex team said in a blog post.So the bitcoin community rejoiced when Coinbase tweeted plans to launch SegWit support for all their customers by next week.The bitcoin network…

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Crypto News 

Potential Factors That Will Likely Drive Bitcoin Price to $10,000 Interim Target

“Over the past three days, the Bitcoin price has increased from $4,330 to $4,893, leading analysts to establish an interim target of $10,000” writes Joseph Is A for newsbtc.com. The Bitcoin price is en route to achieving a new all-time high, as it nears the $5,000 region.Earlier this month, the Japanese government introduced a nationwide licensing program for Bitcoin and cryptocurrency exchanges.Bitpoint, the Bitcoin exchange of Remixpoint, was one of the 11 cryptocurrency exchanges which were authorized by the Japanese government last month.Already, the Japanese and South Korean governments have…

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Crypto News 

Why Bitcoin Price Will Continue to Increase to $10,000 Despite Recent Correction

“But, within a 24-hour period, bitcoin price recovered beyond $4,550, demonstrating strong resistance and absolute confidence from the market and investors” writes Joseph Is A for newsbtc.com. As of current, only 10 percent of all bitcoin transactions remain SegWit-enabled and as more bitcoin wallet service providers such as Coinbase, Blockchain and BreadWallet integrate SegWit, bitcoin fees will decrease even further.Over the past two weeks, the bitcoin community and industry have seen drastic change in the bitcoin network.The size of the bitcoin mempool has decresed from 150 to 6 million bytes…

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Bitcoin spikes to a record high above $4,700

“Bitcoin cash, the cryptocurrency that was formed from the fork, has gained about 116% since its first trade of $300” writes Jonathan Garber for businessinsider.com. And while bitcoin has gained about 385% so far this year, the good times likely won’t last forever.Thursday’s advance caps off a big month for bitcoin, which has rallied 63.5% since the August 1 fork that split it in two. She predicts a correction could take bitcoin all the way down to about $2,221. Source: businessinsider.com Share This:

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Segwit, BitcoinCash: Technical details explained

“The controversy emerged because Bitcoin transactions were taking too long to get confirmed on the blockchain network” writes A Software Technology for techtake.info. They did not want all the investments made so far gone or be left on the Bitcoin blockchain.There were some changes needed to the consensus rules, so that the blockchain could have its own existence, and remain separated from the Bitcoin blockchain. Source: techtake.info Share This:

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