Future

Since May 24, Bitcoin dropped to $8,669 and resumed fluctuation between $8,600 and $9,000. For the past four days neither the bulls nor the bears have taken advantage of the recent breakdown.

The Bitcoin halving draws nearer as it is expected to take place in just under two weeks, and the expectations for price increases among several cryptocurrency investors are extremely high, though the uncertainty of the current market might push it into a negative sentiment.

Companies including Microsoft, IBM and Google, race to come up with cheap and effective mining solutions to improve its cost and energy efficiency. Lots of fuss has been made around quantum computing and its potential for mining. Now, the time has come for a new solution - mining with the help of human body activity.

Recently, computer security researchers revealed that a new flaw in Intel’s SGX exposes sensitive user data to cyber criminals. The flaw in the Intel Software Guard eXtension poses a risk to cryptocurrency users can not be patched leaving users at a very high risk of losing their funds.

Dynamics within the global energy markets could define the future of Bitcoin and other cryptocurrencies, not specifically in terms of Demand and Supply. There are ongoing wars within the oil industry largely orchestrated by the fightings between major oil producing countries.

As the Special Money Act passed the South Korean National Assembly's plenary session, the Enforcement Decree is in full force.