The US government recently dropped its charges against Ayre for running an illegal gambling business between June 2006 and January of 2012. The entrepreneur is a strong supporter of Bitcoin and digital currency, which is accepted on both the Bodog and Bovada casino sites.<\/p>\n
With a smooth debut of Bitcoin Cash, there’s plenty of optimism surrounding the currency’s future.<\/p>\n
“I think a lot of new investors were waiting on the sidelines until after the hard fork,” cryptocurrency expert Benjamin Roberts told CNBC <\/i>this week. “Now that it has happened with a favorable outcome, new fiat money is entering into the space.”<\/p><\/blockquote>\n
Splitting Bitcoin was a controversial decision. Many believed the framework created by the mysterious inventor (or inventors) Satoshi Nakamoto should be left alone. But miners, those who work to create new coins and manage its digital blockchain ledger, argued that Bitcoin’s rise in popularity was overloading the system.<\/p>\n
Bitcoin creates one megabyte of data on the blockchain every 10 minutes. Miners said it was no longer enough space to complete all the transactions. That led to the creation of Bitcoin Cash, which is essentially a clone of Bitcoin, but one that creates 8 MB space six times an hour.<\/p>\n
The entire forking process may have created a new virtual currency, but to those involved in its trade, it’s made the whole Bitcoin experiment all the more real.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin is trading at $3,400 today, yet another record high for the digital currency in what’s shaping up to be its best year since its inception in 2013. The surge is a relief for investors concerned about how the coinage’s split on August 1, in an event known as a “hard fork,” which created a […]<\/p>\n","protected":false},"author":42,"featured_media":56176,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,19],"tags":[],"acf":[],"yoast_head":"\n
Bitcoin Value Hits New High, Investors Confident Following Currency Split<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n