Tag: hard fork

Tether Claims a “Hack” Cost Them $30m, or is it an Exit Scam? No Comments

The big news of last night was how Tether allegedly got hacked. In a statement issued by the company, they explain how almost 31m USDT were removed from the Treasury. This incident occurred on November 19th, and the money was sent to an unauthorized address. None of the stolen tokens will be redeemed, but the company hopes to recover the money regardless. For now, the money still appears to be in ...


All-Time High: Bitcoin Shrugs Off the Competition Once Again No Comments

The price of a single Bitcoin exceeded its previous all-time high again today. Seemingly shrugging off doubt over its position as top-dog in the cryptocurrency world, the going rate of each unit of the digital currency reached an unprecedented £7,794 according to market price watch website, Coinmarketcap. This puts it ever-closer to the next major psychological milestone of $8,000. Bitcoin has...


Forking Hell: There are a Lot of Hard Forks Coming to Bitcoin No Comments

There's rarely a dull moment in the cryptocurrency space but recent months have been about as dramatic as they come. The forking saga that began in August of this year with Bitcoin Cash attempting to keep a version of Bitcoin without second layer scaling solution Segwit has continued and this month reached unprecedented levels of bewilderment, surprise, and intrigue. On November 8, the main suppor...


Bitcoin Developer Peter Todd on SegWit2x Cancellation: “Millions of Dollars Wasted” No Comments

Highly regarded Bitcoin Core developer and cryptocurrency consultant Peter Todd has criticized the cancellation of the SegWit2x hard fork and the “waste” of resources used throughout the development of the software. Cancellation of SegWit2x On November 8, the development and deployment of the SegWit2x hard fork were officially terminated, with the release of an official statement from BitGo ...


Strong Case For $8,000 Bitcoin Price in 2017, No SegWit2x and CME Futures No Comments

It is highly likely that the bitcoin price will surpass the $8,000 mark by the end of 2017, as SegWit2x has been called off by it supporting businesses and developers. Earlier today, BitGo CEO Mike Belshe released an official statement in regards to the termination of SegWit2x due to a lack of consensus to pursue the SegWit2x hard fork on November 16. A statement co-released by ShapeShift CEO E...


China’s Largest Bitcoin Exchange CEO Publicly Condemns SegWit2x No Comments

Star Xu, the CEO of OKCoin, the largest bitcoin and cryptocurrency exchange in China, has publicly condemned SegWit2x, describing it as a “shitcoin.” Xu stated: “Personal advice is B2X should not be listed. It’s a shitcoin but remove replay attacks protection.” Charlie Lee, the creator of Litecoin and former Coinbase executive, agreed with the statement of Xu, criticizing its lack o...


Bitcoin Gold Price Drops 51% Upon Launch, Worth 40% of Bitcoin Cash No Comments

Analysts have expected the price of Bitcoin Gold to surpass that of Bitcoin Cash upon its debut. However, over the past few hours, almost immediately after its launch, the price of Bitcoin Gold has dropped by nearly 51 percent. Difference Between Market’s Support For Bitcoin Cash and Bitcoin Gold Bitcoin, Bitcoin Cash, and Bitcoin Gold are fundamentally different, conceptually and structur...


Major US Exchanges Coinbase and Gemini Criticized For Bitcoin Hard Fork Support No Comments

Major US-based bitcoin wallet and trading platforms Coinbase and Gemini have been criticized by the community for their decision to list the chain with the most accumulated difficulty as “bitcoin” upon the SegWit2x hard fork on November 26. Coinbase Changes Stance Earlier this week, NewsBTC previously reported that Coinbase has intended to provide unconditional support for the original bitco...


Coinbase to List Bitcoin as BTC After SegWit2x Hard Fork in November, Full Transparency No Comments

Coinbase, the world’s largest bitcoin wallet platform and cryptocurrency startup with a $1.6 billion market cap, has released an update on its support for SegWit2x and Bitcoin Gold, clarifying that the original Bitcoin blockchain will continue as “BTC” without the need for conditional integration. In an official announcement, Coinbase stated: “The Bitcoin Segwit2x fork is projected to ...


Bitcoin Investors Using Trezor Will be Credited With Bitcoin Gold, Once Code is Ready No Comments

Bitcoin investors and holders using the Trezor bitcoin hardware wallet prior to the Bitcoin Gold (BCG) hard fork that is expected to be executed on November 26, will be credited with BCG. Earlier today, on October 23, Trezor stated: “Yes, TREZOR (the device) supports Bitcoin Gold. As previously mentioned, at the moment of the fork, if you have bitcoins on your TREZOR, you will also receive b...


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