This week in Cryptocurrencies — July 18th, 2017
A weekly round-up of the most important Bitcoin, Ethereum & altcoin news, stories and articles.
It’s been a rough week for everyone holding and trading cryptocurrencies but, as always, high volatility also brings exciting opportunities to the market. Trading in these conditions is difficult, very risky and requires the right mindset, strategy and auxiliary software. (which we’re bulding here at Geometrum)
Without further ado, here’s the round-up of the most important, exciting and interesting stories from last week.
- Bitcoin Jumps After First Solution to Major Ideological Divide
Yuji Nakamura of Bloomberg explains today’s Bitcoin bounce-back and how it’s related to SegWit2x adoption by some of the large miners.
- The Illusion of Scale in Segregated Witness
A very opinionated piece from the nChain blog that tries to defend the thesis that SegWit presents only the illusion of scale and the block size increase is the only real solution to the network scaling problem.
- Fraudsters just stole $7 million by hacking a cryptocoin offering
More than $7 million worth of Ethereum was stolen in about half an hour in CoinDash ICO hack.
- To the Moon? Blockchain’s Hiring Crunch Could Last Years
Sid Kalla of CoinDesk gives a comprehensive overview of the hiring market for blockchain developers.
- Criminal Groups Still Prefer Cash To Bitcoin, EU Study Finds
According to the report published by the European Union, virtual currencies seem to be rarely used by criminal organizations because, despite the intent, level of their capability is lower due to high technology required.
Quote of the week
It’s a huge gold rush, but you’ve got to know what you’re doing.
Shawn Van de Vyver, one of the CoinDash hack victims.
Whether you’re trading cryptocurrencies daily, keeping some Bitcoins for long term profits or just looking at getting into the market, here at Geometrum we’re building a trading platform exactly for you.
Head to https://www.geometrum.io to sign up for an early access.