BIP91 is active

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

US Government to sell seized BTC and BCH

Government attorneys from Utah to sell the 513.1490393 BTC and equal amount of BCH, that were seized during anti-drug operation in 2016
15 December

The U.S. authorities is planning to sell off confiscated bitcoins seized during an drug case that are now worth almost $10 million. This is reported by the CoinDesk. 

Government attorneys in Utah are now working to sell the 513.1490393 bitcoins (BTC), worth approximately $8.7 million at current prices. An almost equal number of bitcoin cash (BCH) will also be sold (512.9274588), with value near to $949,000.

The BTC and BCH have been transferred to a government wallet. Due to the volatile market for cryptocurrencies, the BTC and BCH risk losing value during the pendency of the forfeiture proceedings ... For these reasons, the United States seeks an interlocutory sale.
 

US Government court order

 

Cryptocurrencies will be sold and converted into US dollars using one or more commercial cryptocurrency exchanges in increments of 50 coins or less. Proceeds will be deposited into the Treasury Forfeiture Fund Suspense account.

Dale Kimball, U.S. district judge, approved the sale of confiscated cryptocurrencies on Dec. 12 after the prosecutors in the case filed a request for the sale on the same day.

The drug crime case involves a Aaron Shamo, who was charged with running a multimillion-dollar opioid drug ring out of a Salt Lake City suburb in Nov. 2016. It was one of the largest busts of this kind in the country.