- Bitcoin shot above $3,000 to a record high of $3,360.87, more than tripling in value for the year.
- The gains came despite this week's split in the digital currency into bitcoin and bitcoin cash.
- Bitcoin cash, which trades at a fraction of bitcoin's price, fell further Saturday amid a hack on its network.
Format:
ViaBTC, the Chinese exchange that's been the main proponent for bitcoin cash, tweeted at 4:03 a.m. that it temporarily suspended withdrawals due to a " transaction malleability attack" on the bitcoin cash network.
BCC network was under transaction malleability attack which changes txid. We've temporarily suspended withdrawal and your assets are safe.
— ViaBTC (@ViaBTC) August 5, 2017
Bitcoin cash plunged nearly 36 percent Friday, falling about 9 percent to overnight to a low of $212. It recovered slightly to $223 Saturday afternoon, according to CoinMarketCap.
Source: CoinMarketCap
Bitcoin Magazine pointed out Saturday morning that ViaBTC mining activity — which creates more of a digital currency — for bitcoin cash dropped to a tenth of what it was in the last few days, while most of the mining activity was concentrated on the original bitcoin.
Special Thanks To:
https://www.cnbc.com/2017/08/05/bitcoin-surges-above-3k-to-record-more-than-tripling-this-year.html
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Phew. I'm glad I traded out my Bitcoin Cash before it all went downhill. Hope it recovers soon.