Bitcoin Cash emergency difficulty adjustment

Bitcoin Cash emergency difficulty adjustment may take place as no blocks mined for some hours 
23 August 2017   3661

Bitcoin Cash, the brand new cryptocurrency emerged as the hard-forked version of Bitcoin, after reaching its all-time high price mark of more than $900 and being finally supported by the leading cryptocurrency exchanges, pools and wallets, now seem to be experiencing some mining troubles. 

Thus, Charlie Lee, the Litecoin creator and an active Twitter user also known as one of the most honest developers in the cryptocurrency world, reports on 2.5 hours without single Bitcoin Cash block being mined and expresses his scepticism about the future success of the cryptocurrency:

It's noteworthy, that a bit earlier, on August 21st, the man shared his predictions about Bitcoin Cash mining difficulties:

Jeff Garzik, a former Bitcoin Core developer, objected that, in his opinion, "this is a short term oscillation generated by profit-switching pools; occurs w/ litecoin, dogecoin, eth/etc & others". However, the creator of Litecoin hastened to remind Garzik about the Namecoin story:

Just like what happened with Namecoin in 2011. "Those who do not learn history are doomed to repeat it."

Charlie Lee
Litecoin creator

Thus, according to Jimmy Song, one of the Bitcoin developers, new difficulty adjustment is to take place:

What the future has in stock for the cryptocurrency, remains to be seen. At the time of writing, Bitcoin Cash price is about $658 and it's market capitalization is almost $11 billion (however, less than the 3-rd ranked Ripple's). 

Member of British Parliament Wants to Payl Tax in BTC

MP  comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes
11 December 2018   12

Eddie Hughes, a member of the UK Conservative Party, said that the state should make it possible to use Bitcoin when paying taxes and utilities. It is reported by The Daily Express.

Eddie Hughes, who represents North Walsall in parliament, calls himself a "crypto-enthusiast with amateur knowledge." According to him, the blockchain technology attracts a lot of attention, and therefore members of parliament "must understand it."

Eddie Hughes also said that he recently met with representatives of the Royal Society for Water Rescue, which accepts donations in cryptocurrencies, after which he came to the idea of ​​making it possible to use Bitcoin when paying municipal taxes and utilities.

It just feels like it gets talked about a lot, wherever you go in the UK, and as MPs we have a duty to understand it. 

Eddie Hughes


Hughes comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes, which he also reminded in his interview within the publication.