Here’s what happened this week in Bitcoin in 99 seconds.
Over 600 Bitcoin users are pursuing a class action lawsuit against Roger Ver, one of the dominant figures behind Bitcoin Cash. Ver’s site Bitcoin.com recently began listing Bitcoin as “Bitcoin Core” and Bitcoin Cash as “Bitcoin,” which many in the Bitcoin community regard as outright deception.
The Government of Iran instituted a ban on all cryptocurrencies. Iran’s currency, the Rial, has been depreciating rapidly amid increasing diplomatic tensions with the US. This has prompted a range of actions from the Iranian government, intended to strengthen the Rial against further depreciation.
Some good news for Chilean Bitcoiners – Chile’s anti-monopoly court ordered two Chilean banks to reactivate the frozen accounts of the country’s Buda Bitcoin exchange. Buda successfully challenged the ban in court and is once more open for business.
Popular crypto-only exchange Binance reported their results for the first quarter of 2018. Binance achieved a record $146 million profit, surpassing the profitability of Deutsche Bank over the same timeframe. Considering the relative size and age of these two companies, these results are likely to attract significant interest from the financial community.
Even America’s Nasdaq high-tech stock market is considering allowing crypto trading, according to statements made by Nasdaq CEO, Adena Friedman.
And finally, the total number of bitcoins in existence surpassed 17 million. Only 4 million Bitcoin remain to be mined, for a final total of 21 million.
That’s what happened this week in Bitcoin. See you next week.