Despite miners’ split, Bitcoin soars to a record high

(Aug 7): Bitcoin extended gains to a record, ignoring a split in the cryptocurrency over its future.

The digital exchange rate jumped as much as 16% from Friday to an unprecedented US$3,292.41 ($4,479.47), even after bitcoin’s division last week. The debate has revolved around how to upgrade its underlying technology, with a group of developers backing a solution called SegWit2x against miners -- some of whom have created an offshoot called Bitcoin Cash -- who want to increase the size of data blocks more drastically.

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