Bitcoin News – January 2017
January 2017 was one of the most memorable months for Bitcoin yet, crossing the $1k mark after years, hitting mainstream media across the globe and the truth being revealed about trading volumes in China.
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 January 2017
01: The bitcoin price passes $1k & 45% of nodes are ready for SegWit.
02: Bitcoin hits mainstream media globally
03: Bitcoin turns 8 years old.
04: Bitcoin price passes €1k and nears its all-time-high & second wave of mainstream media coverage.
05: Bitcoin flash crash & r/bitcoin hits 200k subscribers
06: SegWit is the main topic of discussion again
08: Random Bitcoin statistics day
09: More statistics and Circle fake review drama
10: Bitcoin Core’s 2016 development statistics & Julian Assange’s proof-of-life using the Bitcoin Blockchain
11: Announcement of PBoC inspections of Chinese exchanges
13: Chinese Exchanges to stop margin trading per PBoC’s interference
14: Bitcoin not “banned” in Russia & Japanese trading volume overtakes US as #2
15: Lightning Network transactions are on the testnet & Yelp has an “Accept Bitcoin” search filter
16: Bitcoin available at any 7-11 in the Philippines & Bitcoin’s hash rate rises by 13.5% in the adjustment period
17: Coinbase BitLicense, Openbazaar 2.0 and Abra launch announcements & Mercedes buys Bitcoin service provider PayCash Europe
19: A call to stop wasting time on drama & an interesting discussion on Bitcoin energy consumption
22: Banks being banks ($10B from Deutsche Bank never appearing in the books and fun stories of people getting their money taken)
24: Chinese exchanges start charging trading fees
25: SegWit advantages for hardware wallets & Clear insights in real Chinese trading volumes
27: Hacked Bitfinex coins are on the move & Reviews from the Satoshi Roundtable event
28: Mimblewimble (that cool, better privacy upgrade) will support lightning-like networks and more
29: A hotel gets hacked for the 4th time and the hackers wanted some bitcoin for it this time
30: The bitcoin.com mining pool mines a block over 1MB because of a bug in another client, leading to problems, a fix and valuable lessons
31: Bitcoin is back on the rise after 2 quiet weeks.
Thank you to everyone who is contributing to this exciting space!
Sam is a Bitcoin & Blockchain educator. He has been learning about them every day for years and uses his knowledge to help others understand and these complex topics in simple terms.