BIP91 is active

97.9% of miners now support SegWit; BIP 91 was activated on block 477120
23 July 2017   4362
Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.

Today's morning, July 23, the activation BIP 91 started. Now all the blocks that do not signal support of Segregated Witness (SegWit), will be rejected.

According to xbt.eu, 97.9% of the miners support SegWit.

xbt.euxbt.eu

BIP 91 is a modified version of the BTC1 (SegWit2x), which supported a number of bitcoin-companies and mining pools, in May of 2017 signed under the relevant agreement in New York. In addition, BIP 91 is compatible with BIP 148 (UASF) - another proposal to activate the original SegWit offer, described in BIP 141.

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks.

Thus, the activation of BIP 91 also means a high probability of activation of the BTC1 protocol (SegWit2x) and the actual elimination of the risk of bitcoin hardfork due to the activation of BIP 148, which should occur on August 1.

At the same time, there is still a probability of a hardfork as a result of the increase in the block size to 2 MB, provided by SegWit2x within three months after the activation of SegWit.

xbt.euxbt.eu

BIP 91 was activated on block 477120. The next update of the level of complexity should take place on block 477792, therefore, if nothing unforeseen happens, SegWit should be fixed on 479808 (mid-August), and the direct activation of the protocol on block 481824 (end of August).

And what about Bitcoin price?

Bitcoin Charts
Bitcoin Charts

Bitcoin lost 3.15% of his price in 24 hours and now is $2729.38. Is it just a little "fall" or a harbinger of a precipitous collapse? Or Bitcoin will rise rapidly? We will see. 

On the 27th of July, another Bitcoin optimization protocol signaling stage have started - BIP141.

SEC to Need More Info on BTC ETF

SEC is gathering more input from the public – to date, according to the agency, more than 1,400 comments have been submitted
21 September 2018   170

The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website.

Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.
 

The US Securities and Exchange Commission

At the moment, the SEC received about 1,400 comments.

According to the document, the Chicago Board Options Exchange (CBOE) has signed an agreement on the exchange of data on bitcoin transactions, trading and the state of the market with the cryptocurrency trading platform with Gemini.

The agency asked commentators to clarify the position of Gemini in the digital currency market and assess the likelihood of increased volatility at this site in connection with possible trades of bitcoin-ETF.

So, before September 30, the department had to decide on whether to approve, deny or initiate the proceedings. The SEC chose the latter, which is likely to delay the process until the next year.