BIP91 is active

97.9% of miners now support SegWit; BIP 91 was activated on block 477120
23 July 2017   4941
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.

VanEck & SolidX to Withdraw BTC ETF Application

Bitwise and Wilshire Phoenix' Bitcoin applications are still pending
18 September 2019   46

The bid for Bitcoin ETF launch by VanEck and SolidX, considered the most likely candidate for approval, was withdrawn amid continuing uncertainty from the US Securities and Exchange Commission (SEC).

VanEck and SolidX planned to place their Bitcoin ETFs on the Chicago Options Exchange (Cboe). However, as follows from the notification published on Tuesday, on September 13, the latter withdrew the application for a change in the rules, which, if approved, would allow launching the corresponding tool.

Previously, SEC postponed the solution several times at the request of VanEck and SolidX. The last time this happened in August was when the decision on Bitcoin ETFs from Bitwise Asset Management and Wilshire Phoenix was also postponed.

The final deadlines for decision making on Bitwise and VanEck / SolidX applications were on October 13 and 18, respectively. Wilshire Phoenix's decision is due on September 29th.

It should be noted that over the past few years, various companies have sought approval from the SEC to launch exchange-traded funds, but each time the regulator refused. Most often, the reasons for the negative decision were explained by the risks of market manipulations and insufficiently developed market control tools.