"Cryptocurrency This Week: Supreme Court Asks Govt To Regulate Bitcoin"
Swinging up and down, and up again. Bitcoin, currently trading at $8K, has recovered bullishly from a scheduled hard-fork melodrama that did not happen. However, if you are looking for a melodrama, Bitcoin will never disappoint. After SegWit2x hard-fork was suspended, a silent hard-fork occurred at the Bitcoin Cash blockchain by ‘Bitcoin Core’ enthusiasts. The cryptocurrency has been dubbed as Bitcoin Clashic. In other news, the Supreme Court of India (SC) has issued a notice to the Indian government and the RBI seeking a cryptocurrency regulatory framework.
The ongoing Zimbabwe Coup has also affected Bitcoin price in the country. Bitcoin price bidding at one time was observed as high as $13.6K. However, despite skyrocketing prices and over 60% cryptocurrency market share, Royal Society’s Open Science Journal has stated in its market research that Bitcoin does not dominate the cryptocurrency market.
Meanwhile, a cryptocurrency startup has come up with prepaid Visa cards that will allow people to transact Bitcoins-to-Sterling in the UK.
Let’s take a look at the recent developments from the world of Cryptocurrency!