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

Cavs Slip to 5-1 Odds to Win 2018 Championship After Kyrie Irving Shocker

Kyrie Irving wants out of Cleveland and this has resulted in the Cavs losing a half point in their odds of sinning the 2018 NBA Championship to 5/1.

Jack Sinclair Eliminated in 8th Place at 2017 WSOP

Jack Sinclair Eliminated in 8th Place at 2017 WSOP

Sinclair walks away with $1.2 million for his efforts

Lamb Out as Seven Players Remain in This Year’s WSOP Main Event Final

Lamb Out as Seven Players Remain in This Year’s WSOP Main Event Final

Ben Lamb and Jack Sinclair were both eliminated as part of the three-day 2017 World Series of Poker Final.  Seven players now remain.

Bitcoin Uncensored: Meet the Guy Who Beat Every Nintendo NES Game

Bitcoin Uncensored: Meet the Guy Who Beat Every Nintendo NES Game

Meet the guy who beat EVERY licensed Nintendo NES game. He did it live on twitch over a bit over a year, and supported himself on twitch donations while doing it!  

Cavs May Even Get Better With Addition of Derrick Rose: Cleveland 5-1 Odds

Cavs May Even Get Better With Addition of Derrick Rose: Cleveland 5-1 Odds

Derrick Rose is in talks to join the Cleveland Cavs, a team that is listed at 5-1 odds currently of winning the 2018 NBA Championship.   

Syndicate