The first Bitcoin block in support of Bitcoin XT has been mined by Slush Pool; the bitcoin price has plunged over 13% and more top stories for August 19.
First Bitcoin Block in Support of Bitcoin XT Mined
The first Bitcoin block in support of Bitcoin XT has been mined by Slush Pool. As indicted by its version number, the Bitcoin block effectively constitutes a vote for a network wide switch to Bitcoin XT in order to allow for bigger blocks. Once 750 of the newest 1000 blocks on the Bitcoin blockchain are mined with a similar message, Bitcoin XT will switch to allow 8 MB blocks, a number that should double every other year. At press time, this block remains the only block mined in favor of Bitcoin XT.
Bitcoin Price Plunges over 13% to 2-Month Low
The bitcoin price has plunged by more than 13% to US$221, its lowest price since June 5 and within striking distance of 4-month lows. The drop was the steepest for bitcoin since February. The bulk of the losses took place during a “flash crash” lasting less than an hour. At least partially to blame was a larger flash crash on