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Bitcoin Splits in Two Over Dispute

BREAK-UP

Bitcoin cash was created as a result.

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Benoit Tessier/Reuters

The cryptocurrency Bitcoin has split into two after top fixers couldn’t reach a deal before a deadline on Tuesday. One technology company executive told Business Insider that “technical issues” were to blame. Bitcoin cash was created as the second faction, with the first new cash coins “mined” within hours of the split. Bitcoin traded lower on Tuesday, while bitcoin cash briefly jumped but then took a nosedive.

Read it at Business Insider