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Bitcoin tumble erases US$38b in value as rival cryptocurrency gains

Rival Bitcoin cash becoming more popular but Bitcoin's US$101b market value still a draw

Supporters of the original bitcoin say that by improving the blockchain with SegWit technology, bitcoin can become a new digital asset class that not only supports payments but also countless other functions.


BITCOIN plunged as the cancellation of a technology upgrade prompted some users to switch out of the cryptocurrency, spooking speculators who had profited from a more than 800 per cent surge this year.

The 9.5 per cent drop since late Friday extended bitcoin's slide from a...

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