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Economy

Bitcoin secessionists' fate hinges on Chinese 'miners'

Spinoff elicits skepticism from some of the country's cryptocurrency players

BANGKOK -- It has been a turbulent few months for technologists, investors and regulators with an interest in bitcoin, the world's most widely circulated cryptocurrency. After weeks of market fluctuations, a long dispute over how to cope with surging global transactions came to a head on Aug. 1, with a split of the currency into two variants: the original bitcoin and the new Bitcoin Cash.

After the separation, bitcoin's market value recovered and reached new heights. The spinoff, meanwhile, attracted a fair amount of support in its initial days but still faces an uphill battle to win over cryptocurrency businesses.

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