Bitcoin Falls Below $2000 for First Time Since May: Could Split in Two

Written by:
Guest
Published on:
Jul/17/2017

Those in the online gambling realm are paying special attention to recent trading and the potential that the crypto-currency could split in two.

To be clear, Bitcoin is not going anywhere as the digital anonymous currency continues to gain widespread acceptance.  Bitcoin currently represents between 14 and 25 percent of transactions in the North American-facing online gambling market.

The price of Bitcoin this past week fell under $2000 for the first time since May.

From Bloomberg News:

As enthusiasts consider adopting competing updates to the blockchain technology that underpins the exchange method by the end of July, it has raised the possibility of the cryptocurrency splitting in two. Bitcoin has lost about a third of its value since peaking at about $3,000 last month. Calls for a revamp of the software come as exchanges struggled to keep up with rising volumes while the price almost tripled this year.

- Aaron Goldstein, Gambling911.com

video News

60K is Still Possible for Bitcoin This Year

Julian Hosp, co-founder of crypto wallet and card start-up TenX, believes that bitcoin could be hitting $60,000 before the year ends despite only peaking at just shy of $20,000 this past December and now trading 67% below that number.

The One Thing This Bitcoin Bear Needs to See to Become Bullish

“After the move we’ve seen it’s very difficult in the short term to be bullish,” Todd Colvin, analyst at Ambrosino Brothers, told CNBC’s “Futures Now” on Tuesday....But there is something that can change that mindset....

Elderly Man Beaten and Robbed Insider MGM Detroit

71- year old Clearance Kimbrough was beaten and robbed on the 6th floor of the MGM Casino parking garage Saturday morning. 

Why the Phil Hellmuth Outburst Over Weekend has Everyoune Outraged

Why the Phil Hellmuth Outburst Over Weekend has Everyoune Outraged

The World Series of Poker bracelet record holder Phil Hellmuth may have apologized for his outburst against a fellow player this weekend.  Few had kind words for Hellmuth, who only days earlier had made his grand entrance at the WSOP 2018 dressed as Marvel super hero Thor.

Celebrity Poker Pro James Woods: '5 Fatso Liberal Nutjobs Are Hardly Cause to Arm Yourself'

Celebrity Poker Pro James Woods: '5 Fatso Liberal Nutjobs Are Hardly Cause to Arm Yourself'

Responding to a group of individuals furious over the harassment this past weekend of Republican Senate Majority Leader Mitch McConnell and ostensibly warning of a Civil War, celebrity poker pro and conservative James Woods attempted to calm the masses.

Syndicate