RATE Group | Bitcoin Recap: Here’s What Happened the Month BTC Turned 10
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Bitcoin Recap: Here’s What Happened the Month BTC Turned 10

05 Nov Bitcoin Recap: Here’s What Happened the Month BTC Turned 10

Posted at 06:29h in Bitcoin News by

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October 2018 was the 120th month of Bitcoin’s existence – that’s ten years – and besides important anniversaries, there was plenty going on in the world of Bitcoin.

On the market side of things, bitcoin and the rest of the cryptoasset industry were quite placid. October saw record lows in price movement/volatility for the year – and even beyond – in terms of bitcoin price action, and highs for dormant bitcoin wallets.

In somewhat the same vein, Chainanalysis found that the “role of whales in the Bitcoin market may be overstated,” and that what few real “whales” that exist are mostly supporting Bitcoin’s price – buying not selling.

Bitcoin’s Tech Grew

For what bitcoin transactions remained, however, the use of SegWit reached all time highs of over 50% – which might leave AntPool, hardware miner manufacturer Bitmain’s proprietary mining pool, out in the cold for (politically) passing on mining SegWit transactions.

SegWit is also a…

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