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Bitcoin surges to new high on reports software 'fork' suspended

Reuters  |  LONDON 

By Jemima KellyLONDON (Reuters) - Bitcoin surged by 10 percent on Wednesday to hit an all-time high just shy of $8,000 after online reports that an upgrade to the cryptocurrency's software planned for next Thursday had been suspended. Bitcoin experts cited a statement on the Linux Foundation website, signed by several high-profile bitcoin entrepreneurs and developers who had backed the plan, that said the "Segwit2x" upgrade would be scrapped for now as it could "divide the community".The upgrade would have changed bitcoin's rules in a so-called "fork", effectively cloning the existing bitcoin ...

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First Published: Thu, November 09 2017. 02:21 IST
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