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🍂 🍂 November 9, 2017 🍂 🍂 "I have drunken deep of joy, and I will taste no other wine tonight." ― Percy Shelley Got this from a friend? SUBSCRIBE HERE THE FEATURE Relief and Disbelief: Bitcoin Reacts to Sudden '2x' Suspension Bitcoin is united again. A controversial bid to change the rules of the software ended abruptly yesterday when a small group of CEOs called off the attempt, ending a bid that was lauded at time of launch as a representation of global industry consensus. However, that bang turned to a whimper yesterday. Signed by 58 companies in New York in May, support for the Segwit2x proposal faded down to just six who signed the cancellation. While there was much discussion, this much immediately is clear: the news represents a milestone in the history of the protocol. As to what that means though, opinions are, ironically, still split. So far, the diversity of opinions is impressive. Some were jubilant, others went from HODL to SODL. Unsurprisingly, there are those who still want to boost the size of the blockchain's ledger, and those who don't. Pressure will no doubt mount for more experimental upgrades (Lightning foremost) and already some are packing up their bags (to bitcoin cash and the like). Indeed, much of the division remains, that's clear. At least, for now however, we have temporary closure, and a rare time to reflect. Read the whole story Tweet Share ⭐ COINDESK SPONSOR ⭐ BitClave is using blockchain to eliminate ad service middlemen and create a direct connection between businesses and customers. On the BitClave Active Search Ecosystem, customers control their identity, decide who has access to their data and are "paid" each time businesses "use" their data to make them offers. Learn more!   Wait, there's more: ICO Funds Among Millions Frozen In Parity Wallets Several high-profile ICO issuers have been affected by the Parity exploit, which has left more than $150 million in ether frozen. 'Segwit2x Rally' Unwinds? Bitcoin Looks Heavy As Fork Boost Fades Following the suspension of the Segwit2x hard fork, bitcoin prices rose to new record highs yesterday, before falling to a low of $7,058 today. Make Big Money on Bitcoin Cash? The IRS Might Be Watching Hard forks of bitcoin are creating new wealth that the U.S. tax agency will want to tax, but it's still unclear just how to report these new assets. Citigroup CEO: Bitcoin Threat Will Give Rise to State Cryptocurrencies Citigroup CEO Michael Corbat has predicted that state-sponsored digital currencies will arise from the threat posed by bitcoin. Canadian Police Issue Warning Over Bitcoin Tax Scam Police in York, Canada, have warned of a tax scam after over 40 people were convinced to send money via bitcoin ATMs. SITA Investigates Use of Smart Contracts in Air Transport Industry Air transport IT firm SITA has released a white paper detailing how airlines and airports could use smart contracts for shared control of data. Renewable-Energy Blockchain Project Moves Past Test Phase Blockchain makes it easier to securely and efficiently manage the flow of electric power as sources are added to the grid, a transmission firm says. Wall Street Exec Sued for Role in Fraudulent Cryptocurrency Scheme Investors in GAW Miners sued Stuart Fraser for his role at the defunct firm following a guilty plea of wire fraud by his longtime partner, Josh Garza. Is Your Ether Frozen? Parity Launches Support Website In Wake of Exploit The multisig wallet provider has created a website where uses can check their ethereum addresses to see if their funds were affected by the exploit. Relief and Disbelief: Bitcoin Reacts to Sudden '2x' Suspension Bitcoin's attempted '2x' software upgraded is cancelled – and some in the cryptocurrency's community think that's cause for celebration. Where to, Bitcoin? Price Sees $1,000 Spread As '2x' Averted Up, down and in between: bitcoin sought direction on Wednesday as traders looked to price in a shift in the protocol's outlook. 'Dr. Doom' Roubini Joins Wall Street Chorus Calling Bitcoin a Bubble Economist Nouriel Roubini, who predicted the 2008 financial crisis, predicts that bitcoin "will find its end" when more countries crack down on it. SEC Chairman: ICO Trading Susceptible to Price Manipulation The growing market for cryptographic tokens is at risk for market manipulation, according to SEC chairman Jay Clayton. 2x Called Off: Bitcoin Hard Fork Suspended for Lack of Consensus A controversial plan to change the bitcoin software has been abruptly called off, just weeks before its expected release. Go to CoinDesk  BTC: $7,145.16 -4.2%  ETH: $319.14 +3.01% @8:30 EST - More price details 👋 CoinDesk is Hiring 👋 Come join our great team here in New York City. Apply Today Copyright © 2017 CoinDesk, All rights reserved. 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