Withdraws Support for 12.5% BCH Development Fund – January 29

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$9,289

Bitcoin price has once again continued its rise, this time well past the $9,000 mark, to settle just below $9,300.

Top-20 altcoins are a mixed bag today, with XRP falling 1%, Ethereum remaining unchanged, and several other coins in the green. Cardano and Ethereum Classic lead the way, gaining 5.5% and 7.3%, respectively.

Top Stories for January 29, 2019 🔥

👉 Withdraws Support for 12.5% BCH Development Fund, the controversial website owned by Roger Ver, has pulled its support for a proposed Bitcoin Cash development fund.

The fund would take 12.5% from mining rewards, and allocate them for development efforts on the chain. The website stated that the support was withdrawn because it created a significant risk of a chain split.

👉 UK Court Freezes $860k of BTC via Bitfinex

The England and Wales High Court has ordered Bitfinex exchange to freeze $860,000 worth of Bitcoin, which was linked to a ransomware payment.

The platform has been told to share the account’s KYC information, and the case is the first in the UK High Court to treat Bitcoin as property.

👉 Google Searches for “Bitcoin Halving” on the Rise

A report by a Norweigan cryptocurrency firm has noted the increase in search queries for the term “Bitcoin halving”, which is at its highest levels since 2016.

Although many are divided as to whether the phenomenon is priced in or not, the previous spike in the search term was accompanied by a 125% Bitcoin price increase.