Another Bitcoin hard fork announced for December

Bitcoin GOD to be released on December 25th
06 December 2017   2039

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)

Bank of America: Cryptocurrencies Are a Threat

Bank of America (BoA) has admitted to US regulators it can not pretend any longer that cryptocurrencies are not a threat
23 February 2018   75

On February 22, the report was filed with the US Securities and Exchange Commission (SEC). It listed a range of economic, geopolitical, and operational risks that the Charlotte, NC-based bank faces as it heads into the new fiscal year. Crypto adoption was on the list for the first time.

Bank of America (BoA), which recently banned purchasing of crypto with credit cards, stated that this and other similar policies could cost the bank clients.

Clients may choose to conduct business with other market participants who engage in business or offer products in areas we deem speculative or risky, such as cryptocurrencies.

The second largest bank in the U.S. said that adoption of cryptocurrencies could require the bank to make “substantial expenditures” to update its existing services and remain competitive with upstart firms.

The widespread adoption of new technologies, including internet services, cryptocurrencies, and payment systems, could require substantial expenditures to modify or adapt our existing products and services.

According to the Bank of America, cryptocurrencies could limit the institution’s ability to comply with anti-money laundering regulations.

Eventually, this is one of the first public admissions that financial institutions are beginning to worry that mass cryptocurrency adoption could one day become a reality.