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Bitcoin soars to record peak after plan for upgrade which would split the currency is shelved

S.China Morning Post Wednesday, 8 November 2017 ()
Bitcoin hit a record high just shy of US$8,000 on Wednesday after a coalition of developers and investors suspended a software upgrade planned for next week that could have split the digital currency in two. In an email on Wednesday, the lead developer of the team planning to carry out the upgrade said “Segwit2x” would be scrapped for now as it could “divide the community.” The email by Mike Belshe, chief executive of blockchain security firm BitGo, was also signed by...
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News video: Bitcoin Tops $7,000

Bitcoin Tops $7,000 00:31

LONDON – Bitcoin's rapid rise continues, with the cryptocurrency shooting past $7,000 per coin on Thursday morning. ET), the digital currency is up 3.8% against the dollar to $7,003.74: Bitcoin has been on a tear over the last week, posting record highs on consecutive days.

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