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Bitcoin, Bitcoin Cash & Bitcoin Gold - Oct 26th Cryptocurrency News

1,140 views · Published 26 October 2017 · 2:29 · Indexed 29 October 2026

Channel: NEWSBTC · 2017 · People & Blogs

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Hello and welcome back. At the weekend we saw Bitcoin hit a record high surpassing $6,100. It then fell a bit lower, but we saw it reach $6,000 again on Monday. Bitcoin was down 4.5% on Tuesday following the split in the cryptocurrency's blockchain network. Bitcoin reached its lowest point this week when when it fell under $5,500 on Wednesday. As you can see today it is recovering its losses and it climbed back over $5,700. Investors are also waiting to see it is just a rumour or if Amazon will really make an announcement today about accepting bitcoin payments at its quarterly earnings. There is an online petition, to be delivered to Amazon CEO Jeff Bezos, asking for the introduction of Bitcoin and Litecoin payment methods. 


Let’s look at Bitcoin Cash and Bitcoin Gold. Bitcoin Cash was created by Chinese mining pool operator ViaBTC to create a more “scalable’ blockchain network but Bitcoin Gold was launched with a minor change to bitcoin’s proof-of-work (PoW) consensus protocol. 

Let's take a quick look at what’s happening in Indonesia. Indonesian payment platforms Toko Bitcoin and Bitbayar have been shutdown due to regulatory pressure. Bank Indonesia maintains its stance on cryptocurrencies, saying that it can’t be used as a valid currency or payment instrument anywhere in Indonesia.

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