- Bitcoin leaped more than 10 percent overnight into record territory, significantly strengthening against its offshoot “bitcoin cash” amid a hack on the new currency’s network.
- Investors holding bitcoin at the time of the split should have received an equal amount of bitcoin cash, and were able to trade it Tuesday.
- ViaBTC, the Chinese exchange that’s been the main proponent for bitcoin cash, tweeted at 4:03 a.m. that it temporarily suspended withdrawals due to a “ transaction malleability attack” on the bitcoin cash network.
- Bitcoin cash plunged nearly 36 percent Friday, falling about 9 percent to overnight to a low of $212.
- Bitcoin Magazine pointed out Saturday morning that ViaBTC mining activity — which creates more of a digital currency — for bitcoin cash dropped to a tenth of what it was in the last few days, while most of the mining activity was concentrated on the original bitcoin.
@CNBCi: “Bitcoin sets new record above $3K, more than tripling in 2017 amid ‘bitcoin cash’ struggles” open tweet »