Bitcoin News – June 2017

In June we saw some crazy price action, 80%+ of the miners showing their intent to support the SegWit2x upgrade proposal, a lot of mainstream media attention, as well as notable business icons speaking out about Bitcoin.

What the monthly news is about:
Each day, usually around the same time, I pick out the most popular/relevant/interesting stories in r/bitcoin and save them, after which I release them in one batch after the month ended. This gives you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.

A recap of Bitcoin in June 2017

01: An interview with Amir Taaki, an early Bitcoin developer, on Bitcoin’s roots & The UK’s most popular investment platform will enable its users to invest in Bitcoin
02: Slush mining pool allows individual miners to signal for BIP148 which can activate SegWit & Japan’s largest Forex market opens Bitcoin exchanges
03: The largest VPN provider in the world supports Bitcoin
04: Crypto-anarchy is taking over the world & A BIP148 Mining pool is launched
05: Man buys $27 of bitcoin, forgets about them and finds they’re now worth $886k
06: BIP199 on the Lightning Network
07: Bitcoin on the front page of the Wall Street Journal & Western Union reveals pilot Coinbase integration & Someone shares a $115 gift card purchase for 26 BTC from 2012
08: Kraken raises withdrawal fees to 2500 bits / ($7)
09: Bitcoin on the front page of a Norwegian finance newspaper & A potential new mining manufacturer in China
10: Bitcoin in the second biggest German newspaper & A US state funds a company that is creating a Bitcoin mining operation
11: Bitcoin passes $3000 on some exchanges
12: A new BIP called Dandelion hides the original IP address a transaction was broadcast from & Apple Co-founder Steve Wozniak bought bitcoin at $700 for fun
13: Goldman Sachs starts covering Bitcoin calling it overvalued & The Stratis Breeze Wallet will soon be released with anonymous transactions using TumbleBit
14: Bitmain announces a User-Activated Hard-Fork (UAHF) as their contingency plan against BIP148 UASF to activate SegWit & Gregory Maxwell explains why no Core Developers individually decided to sign the New York Agreement
15: A new bill is introduced to the US senate which would legally enable the US government to claim your Bitcoin among other assets
16: A few mining pools in China share a letter saying they’ll support any mature scaling solutions that have community support, which currently means SegWit & Luke Jr on how to get both the decentralisation-first and adoption-first visions on the same Bitcoin network
17: Bitcoin Core 0.14.2 is released & Chinese Bitcoin miners 5 paragraphs of meeting notes
18: An explainer on forks, signaling and activation by Eric lombrozo & After several weeks the transactions with the lowest possible fees are clearing from the mempool
19: The vast majority of mining pools show they will support SegWit2x in July, while the market appears unimpressed
20: Over 80% of the miners now signal their intent to support SegWit2x & Discussions about the need to use smaller units such as bits as the main price standard
21: Nick Szabo on the necessity of scaling Bitcoin with a second layer & Bitcoin-accepting stores recommended by the community
22: Blockchain.info raises $40M in funding from Google Ventures and Richard Branson & Electrum is simulating a hardfork on the testnet to test chainsplit detection
23: Someone shares their website full of guides on how to make Bitcoin nodes
24: People whine about price stability and Bitcoin crashes a few hundred & BW mining pool is now signalling SegWit
25: People are still paying high fees even though the mempool is near empty and spam attacks to drive up fees and push an agenda stopped
26: Blockchain.info updates their wallet’s fee interface and people get excited & Poland’s largest food delivery site with over 5000 restaurants starts accepting bitcoin
27: Bitcoin Core Developer Eric Lombrozo on SegWit2x & Everyone seems convinced they know where the bitcoin price is headed
28: An investing legend thinks cryptocurrencies could be worth more than $5T in 5 years
29: SegWit signalling is now at 40%
30: Craight Wright says at a Bitcoin conference that he will take legal actions against everyone who points out the fact that he is a fraud and not Satoshi Nakamoto