A Brand New Market Cap
Wow! Look at it go! I’m talking, of course, about crypto’s ever-expanding market cap, touching US$800 billion as I write these words. Yes, that’s very close to a trillion bucks. And it’s still growing. At the start of the year (just over 5 days ago), we sat around US$670 billion, when seemingly out of nowhere, we all started watching the Ethereum (ETH) funds in our digital wallets expand in fiat value.
Bitcoin.com’s mobile bitcoin wallet now automatically defaults to bitcoin cash, in what appears to be the latest play in Roger Ver’s “Bitcoin Cash is Bitcoin” campaign.
Bitcoin.com’s Mobile Bitcoin Wallet Defaults to Bitcoin Cash
Bitcoin wallet service Blockchain has announced it will add full support for bitcoin cash across all its platforms by the end of Q1 2018. The company says it is also working on integrating SegWit support in its wallet products.
Blockchain made the announcement in a blog post, explaining that it believes bitcoin cash — a cryptocurrency created on August 1 by hard forking the bitcoin blockchain — has proven that is a viable, top-tier cryptocurrency.
Mobile bitcoin wallets users might not realize it, but their money might be at a heightened risk this November.
While advertised as a tool bitcoin users can tap to achieve an experience more akin to a conventional financial product, mobile bitcoin wallets today send transactions to the bitcoin blockchain, though in a way that differs from the default wallet options. But come November this construction could cause turbulence, because that's when the bitcoin protocol is aiming to undergo yet another major change to its software.
Crypto wallet Blockchain has announced its intention to join with Xapo in following the blockchain with the most accumulated difficulty following the proposed SegWit2x. The wallet service advised its users to “buy some ether” if they intend to make transactions immediately following the fork.
Blockchain Wallet to Follow Chain With Most Difficulty
In mid-November, the Bitcoin blockchain is expected to split into two, competing chains following SegWit2x, a hard fork designed to upgrade the Bitcoin network and enable it to scale more effectively.
Crypto startup Eidoo drew attention to its initial coin offering (ICO) by using a full-page advertisement in The Wall Street Journal to troll JPMorgan chief executive Jamie Dimon, an ardent bitcoin critic.
Last month, Dimon attracted a great deal of media attention by labeling bitcoin a “fraud” and threatening to fire any JPMorgan employee caught trading the cryptocurrency.