These are the top Bitcoin, Ethereum, and cryptocurrency news stories for November 6, 2017.

According to CoinDesk, Bitcoin startup RSK plans to launch an Ethereum-esque smart contracts sidechain before the end of the year. The startup is currently awaiting the resolution of the SegWit2x hard fork attempt.

According to CoinDesk, MIT Media Lab Director Joi Ito has said ICOs are attracting the wrong people to the cryptocurrency space. Ito made the comments during this past weekend's Scaling Bitcoin workshop.

According to CoinDesk, the US Treasury will audit FinCEN's cryptocurrency practices as they relate to money laundering and terrorism financing risks.

Over on Twitter, an exchange between Blockstream CEO Adam Back and SegWit2x lead developer Jeff Garzik appears to have illustrated Garzik's belief that the upcoming SegWit2x hard fork is risky.

According to the South China Morning Post, China's central bank is researching the creation of their own soverign digital currency at the same time they are cracking down on bitcoin and other cryptocurrencies.

Featured image via Pixabay.

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Kyle first used Bitcoin in 2011. By early 2014, researching and writing about Bitcoin had become his full-time occupation. Currently, he contributes regularly to Forbes and CoinJournal. His work has also appeared in Business Insider, VICE Motherboard, Nasdaq, and many other media outlets. Additionally, he provides a daily Bitcoin news recap via a newsletter and YouTube show (audio only version available via SoundCloud), which can be found at kyletorpey.com.

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