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

Fourth Day of Gains for Bitcoin, Continues Above $11K Mark

There's been a tremendous Bitcoin bump over the past week with the price breaking above the $11000 mark for the first time in two weeks after plunging off its high near $19000 back in December.

CBS News Goes Inside the Billion Dollar Business of eSports: Today's Bets

CBS News Goes Inside the Billion Dollar Business of eSports: Today's Bets

CBS News on Monday looked at the booming business of eSports and how big names in the world of professional sports are now getting involved.

Shark Tank’s Herjavec Big on Bitcoin: Will Eclipse $19K This Year

Shark Tank’s Herjavec Big on Bitcoin: Will Eclipse $19K This Year

Shark Tank' star Robert Herjavec, CEO of Herjavec Group, believes the cryptocurrency Bitcoin will more than double in price.

Women's Hockey Odds to Win the Gold - USA vs. Canada

Women's Hockey Odds to Win the Gold - USA vs. Canada

Women's ice hockey odds to win the gold at this year's Olympics had USA vs. Canada at near EVEN odds.  Both are co-favorites to take home the gold.

Joseph Kim Bitcoin Trading Theft

Gambling Addicted Trader Charged With Stealing $2 Million in Bitcoin From Employer

24-year-old Joseph Kim claims he intended to return approximately $2 million worth of Bitcoin after covering his own trading losses.  He was found out before that could ever come to fruition. 

Syndicate