Another Bitcoin hard fork announced for December

Bitcoin GOD to be released on December 25th
06 December 2017   3209

Among tons of other bitcoin clones with flashy names like gold, ruby, diamond there always is a race to get flashier than the others. For a time, a new winner has been decided. The name is Bitcoin God with the obvious ticker GOD.

The developer behind this project is Chandler Guo, a well-know Chinese cryptocurrency investor, trader and propagandist. As of now, GOD is basically a clone of bitcoin blockchain, as many other hard forks. The notable point is that the fork will happen at the block height of 501225, and will be released on 25th of December, symbolical to giving all the bitcoin miners a Christmas gift of candy, Guo's Twitter says.

The information is a little scarce right now, but what is known is that there will be no pre-mine and the total amount will be fixed on 21 million.

And no, someone on Twitter already asked whether the announcement was a joke, and Guo promptly responded, that the fork is a real deal and will indeed come online on Christmas.

We've already covered several possible upcoming Bitcoin forks earlier. For a little recap, there’s the list:

  • Dec 15th: Super Bitcoin (498888 block)
  • Dec 23-24: Bitcoin Platinum (500000 block)
  • Dec 31st: Bitcoin Uranium (block unknown)
  • Jan 2nd: Bitcoin Cash Plus (501407 block)

BTC Volatility to Fall by 98% in a Year

Analyst believe that low volatility indicates a decline in speculative trading 
18 January 2019   91

Since January last year, the first cryptocurrency volatility has decreased by 98%. So, if on January 16, 2018, it was $ 3,468, then a year later - only $ 61, CoinDesk reports.

Note, the daily volatility over the past year decreased from 9.1% to 3.6%, although on December 16, 2018 was about 26%.

In absolute terms, the maximum daily volatility in the first quarter was $ 973, and in the following: $ 345, $ 245 and $ 195, respectively.

At the beginning of 2019, this figure also did not exceed $ 200, and on January 12 it reached a minimum value of $ 45.17.

Analyst stressed that low volatility indicates a decline in speculative trading and an approach to a sharp price movement.

In his opinion, Bitcoin will soon leave the range of $ 3,500- $ 3,700 in favor of the bears. At the moment, the first cryptocurrency is trading at around $ 3,590.