Bitcoin

Japan's Bic Camera to Accept Bitcoin Payments at All Stores (Coindesk)

Immature Code or Good Test? Bitcoin Scaling Proposal Segwit2x's Testnet Forks (Coindesk)

Nodes running older bitcoin software continued on as they normally would. But nodes running the new Segwit2x code stalled at block 27070, meaning mining pools running the new software were not mining blocks. Overall, the nodes were stalled for over 20 hours as a result of the issue. While there wasn't any real money on the line, the community was abuzz with the news, some dismissing the controversial scaling proposal for perceived lingering issues, while others defended the misstep as only a small stumbling block that wouldn't happen during a live deployment.

Altcoins

Ethereum Classic Makes Its Way Onto Chinese Exchange Huobi (The Cointelegraph)

Ethereum Classic was selected due to popular demand based on a vote circulated by the exchange to local traders. Other notable picks that make up the the selection given to traders include Waves, PIVX, Decred and Golem. Notably, ETC was chosen above the substantially larger market cap XRP.

OneCoin IS Much Ponzi: Indian Police Chief Confirms ‘Clear Ponzi Scheme’ (The Cointelegraph)

In April, police arrested participants in a seminar propagating OneCoin to potential investors, with bank accounts coming under suspicion and holdings totaling $5 mln at the time seized. A total of 35 bank accounts are now under investigation, Indian Express reports, with the total sums involved amounting to 750 mln rupees ($11.6 mln).

Blockchain

Hyperledger Formally Launches First Product, Fabric 1.0 (The Cointelegraph)

The project’s maintainers felt that the time was ripe to deliver a robust initial major release with the objective of allowing consumers and vendors of technology based on Hyperledger Fabric to advance to the next stage: production deployment and operations.

Regulation

US Accounting Standards Body Weighs New Digital Currency Rules (Coindesk)

The absence of accounting standards for digital currencies is a mission critical issue for companies seeking to invest and innovate in this exciting technology frontier and may hold back economic growth in the United States.

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