These are the top Bitcoin, Ethereum, and cryptocurrency news stories for November 8, 2017.

Over on the SegWit2x mailing list, BitGo CEO Mike Belshe announced the he and other major supporters of the SegWit2x proposal are withdrawing their support for next week's hard fork.

According to Business Insider Singapore, a small band of trading specialists are taking calls about $50 million bitcoin deals.

Over at Bitcoin.com, a public service announcement had previously been published that stated the company will shift all company resources to Bitcoin Cash in a situation where the 2x part of the SegWit2x proposal failed to activate.

According to CoinDesk, a secret service has received extra jail time due to his theft of bitcoins from former darknet market Silk Road.

According to South China Morning Post, the Islamic State calls for donations through social media and use Bitcoin and PayPal to move their money.

Featured image via Florian Plag.

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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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