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Bitcoin drops SegWit2x hard fork after community objects ...

Bitcoin's contentious upgrade plan, known as SegWit2x, has been called off, sending the cryptocurrency price past $7,800 - an all-time high - and then down several hundred dollars as profit taking set it.

Mike Belshe, CEO of Bitgo, a Silicon Valley blockchain security biz, announced the decision via a post to the Bitcoin-SegWit2x mailing list.

"Although we strongly believe in the need for a...

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Related topics : current bitcoin transaction fee / bitcoin transactions fee / bitcoin transactions time / bitcoin transactions per block / time to make 1 bitcoin

Games-mart Steam halts Bitcoin payments • The Register

Online games-mart Steam has stopped accepting Bitcoin payments.

A Wednesday post from the service said the cryptocurrency's volatility made it just too hard to use.

"Historically, the value of Bitcoin has been volatile, but the degree of volatility has become extreme in the last few months, losing as much as 25% in value over a period of days," the post stated.

That's a problem because "When checking out on Steam, a customer will transfer x amount of Bitcoin for the cost of the game, plus y amount of Bitcoin to cover the...

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Related topics : bitcoin transactions fee / accept bitcoin payments online / bitcoin transactions time / bitcoin online payment / bitcoin cost per transaction

Gaming co ESEA hit by $1 MILLION fine for HIDDEN Bitcoin ...

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US regulators have smacked games biz ESEA with a $1m fine for surreptitiously installing a Bitcoin miner in its software.

The settlement was announced on Tuesday and means ESEA gaming will pay the state of New Jersey $325,000 of its $1m fine upfront, and the rest will be scrubbed if the company has a clean record for the next ten years.

The company had 'fessed up in May to an employee using...

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Related topics : bitcoin miner software gpu / bitcoin software miner / 1 bitcoin worth 1 million / bitcoin games / time to make 1 bitcoin

IBM open sources its blockchain code – the non-crazy part ...

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IBM has open sourced a significant chunk of the blockchain code it has been working on, putting its weight behind the Linux Foundation and its Hyperledger project .

Big Blue has dumped the Apache 2.0-licensed source on GitHub , providing a limited but functional dev environment to build on. The IT giant has pledged to maintain the code as others build on top of it, including big-name...

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Related topics : bitcoin open source github / bitcoin open source license / bitcoin open source / bitcoin source code java / bitcoin source code license

Stealth web crypto-cash miner Coin Hive back to the ...

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Malwarebytes has had enough of Coin Hive's alt-currency-generating browser-side code, and is now automatically blocking it.

The biz joins ad-block plugins in preventing Coin Hive's Monero-crafting JavaScript from running in webpages, using visitors' electricity and hardware to mine new money. Coin Hive is a legit outfit, and its mining code is supposed to be embedded in pages to earn site...

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Related topics : coin miner software / best coins to mine