This week in Cryptocurrencies — July 25th, 2017
A weekly round-up of the most important Bitcoin, Ethereum & altcoin news, stories and articles.
Another week, another rollercoaster for cryptotraders. While the world is waiting to see what happens in regards to Bitcoin scaling problem, BTC itself soared to $2800 just to return below $2500 two days later. The future doesn’t look that bad however, with SegWit nearly finalized — as of today, 76% of Bitcoin’s mining hashrate is signaling for BIP 91.

- What Could Happen to Bitcoin?
Alyssa Hertig (@AlyssaHertig) of CoinDesk created a chart visually presenting possible outcomes to the scaling problem. A must read for everyone who’s still not sure what’s going to happen in the next few months. - Bitcoin May Have Just Solved Its Scaling Problem
VICE gives use another explanation of BIP 91. Send to all your non-technical friends. - Trump Won’t Kill America, Bitcoin Will
“Nation-states as we know them will cease to exist not because of a who, but a what — and it’s already here.” A controversial piece from Brett Cenkus. (@bcenkus) - The Bitcoin Pizza Story You DIDN’T Hear
Everyone knows the story about pizza bought for 10,000 BTC in 2010. This Hacker Noon piece offers a different tale. - Making Money — Bitcoin Explained (with Emoji): Part 1 and Part 2
Tess Rinearson (@_tessr) explains Bitcoin and blockchain using emoji. Absolutely brilliant. - ICOs in the EU: How Will the ‘Slow Giant’ Regulate Tokens?
Jacek Czarnecki (@Jacek_Czarnecki), a lawyer specializing in blockchain technology gives an overview of the regulatory issues related to ICOs and proposed an approach that EU regulatory bodies could take.
Quote of the week
Is the legacy of Bitcoin going to be solely its role in eliminating intermediaries and lowering currency conversion transaction costs? I think there is more here. A lot more. I believe the existence of a global currency adds one more piece of the pie to a radical shift in the structure of worldwide governance.
Brett Cenkus, VC and a business lawyer in his though-provoking piece about the possible impact of Bitcoin.
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