Tag: segwit2x
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What’s the Price of Bitcoin Gold? Crypto Traders Still Aren’t Sure
From $0 to $2,900 – and seemingly everywhere in between. Bitcoin gold, a new fork of the bitcoin software, may not have been officially launched (or distributed to users), but that isn’t stopping the cryptocurrency markets from seeking to determine its potential value (or profiting from its eventual existence). In an interesting twist on a typical distribution,…
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Bitcoin Gold Prices Plummet 72% in Just Three Days
The hard fork that created Bitcoin Gold hasn’t worked out for speculative investors thus far. On Oct. 23, Bitcoin Gold opened at $479.82, but has fallen today (Thursday) to $130.34. Bitcoin, in comparison, climbed 7% today and is pushing near its all-time high of $6,000. The price of Bitcoin increased by about $550 in the last 24…
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SegWit2x Opponents Sound Off on Metronome
On Tuesday, Bloq — a crypto firm co-founded by SegWit2x developer Jeff Garzik — announced that it is developing Metronome, a cross-blockchain cryptocurrency that will be distributed through a December initial coin offering (ICO). Garzik says that, among other things, Metronome addresses “existential threats, from forks” and “developer drama” because its smart contracts ecosystem will allow…
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SegWit2x Lead Mike Belshe: ‘Things Are Looking Good’ for Bitcoin Hard Fork
BitGo chief executive and SegWit2x project lead Mike Belshe says that, despite contention within the bitcoin community related to the block size debate, “things are looking good” for the SegWit2x hard fork. Bitcoin is now approximately one month out from the scheduled date for the activation of SegWit2x, a controversial hard fork intended to increase…
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Ethereum, Bitcoin Prices Stabilize After Day of Sideways Trading
Traders restored a bit of stability to the crypto markets on Friday following a day of sideways trading. The bitcoin price and ethereum price each declined a bit less than 1% for the day, and most major altcoins experienced similar minor declines. However, no top 10 cryptocurrency moved more than 3%, providing the market with…
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Hong Kong Bitcoin Exchange OKEx to Open SegWit2x Futures Market
Bitcoin exchange OKEx has announced it will join Bitfinex in opening a futures market to enable traders to speculate on the outcome of the SegWit2x hard fork scheduled for November. Notably, the exchange states that it will list the original chain as BTC, regardless of the fork’s outcome. The Hong Kong-based exchange made the announcement…
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Bitcoin Wallet Blockchain: ‘Buy Some Ether’ to Make Transactions After SegWit2x
Crypto wallet Blockchain has announced its intention to join with Xapo in following the blockchain with the most accumulated difficulty following the proposed SegWit2x. The wallet service advised its users to “buy some ether” if they intend to make transactions immediately following the fork. Blockchain Wallet to Follow Chain With Most Difficulty In mid-November, the…
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BitMEX Exchange Joins SegWit2x Opposition, Confirms Zero Support
Mexican Bitcoin exchange BitMEX has said it will not support SegWit2x “even if the SegWit2x chain has the majority hashrate.” In comments markedly different to this week’s other notice from Xapo on the forthcoming hard fork, BitMEX confirmed it would not deal in rival Bitcoin chains under any circumstances. This, it says, is because SegWit2x “does not include two-way transaction replay protection,…
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Korea’s Biggest Bitcoin Meetup Publicly Condemns SegWit2x
Members of the Seoul Bitcoin Meetup have released a formal statement opposing November’s SegWit2x Bitcoin hard fork. A copy of the open letter uploaded to Medium Thursday confirms the “staunch opposition” of the group, the largest in South Korea, with 1600 members. “We are confident that BTC, the legacy chain, will not only survive this fork, but continue to…
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FUD-Proof Bitcoin Heads Towards $5k Despite Media Hype at Russia Ban
Bitcoin price continues to hold just below $5000, as the industry instantly shakes off Russia’s exchange ban. As news broke Tuesday that the country’s central bank had opted to block access to crypto exchanges, mainstream media were quick to call a “flash crash.” Aside from a momentary $100 dip, however, Bitcoin markets failed to reflect any serious drop…