Bitcoin Cash gained over 30% in less than 24h

Huge price jump of one of the Bitcoin's hardfork brothers; what's the reasons? 
10 November

Bitcoin Cash' price gained more than 30% in less than 24 hours. At the moment of press, 15 UTC, November 10, 2017, it's $829.10 with $13 822 501 360 marketcap and $3 104 290 000 24h volume.

Bitcoin Cash Price Chart
Bitcoin Cash Price Chart

The rapid increase in the price of Bcash can be attributed to a number of factors, including the latest announcement of the founder of the Pirate Party, Rick Falkvinge, that he is redirecting all available resources to the BTH.

Under the "latest developments" Rick Falquinge is referring to the statement of the supporters of SegWit2x about the refusal of the planned for the middle of November hardfork.

Another important reason for the increase in Bcash's price can also be considered the approaching hardfork of this network: as previously confirmed by the developers, it will happen on November 13. This fork is planned and is aimed at changing the existing consensus rules in the Bcash network.

We can not, however, exclude another version, which co-founder of Bitcoin.org Cobra recently expressed.

Also, among the latest developments in the Bitcoin Cash ecosystem, we can point out the Bitcoin. com almost stopped BTC mining and now is focused on Bitcoin Cash. At the moment, the Bitcoin.com share in the total hashte Bitcoin Cash is about 18%.

Bitcoin Cash last blocks
Bitcoin Cash last blocks

ViaBTC, which owns one of the largest mining pool in the Bitcoin Cash ecosystem and the Exchange of the same name, circulated a statement that it is taking a community decision and disclaims the BCC ticker in favor of BCH.

In late October, the Bitcoin Investment Trust, announced the sale of 1,688,700 shares denominated in Bitcoin Cash and the further distribution of the funds received to the company's shareholders.

This news looks interesting on the background of Bitcoin price rapid fall.

No Gold for you: wallets, that don't support BTG

List of the cryptocurrency companies, that does not support Bitcoin Gold
20 November

Bitcoin Gold hardfork implemented recently. As we all know, as always with new Bitcoin hardforks, those, who had original Bitcoin coins of their wallets, will be charged with new coins. Or they won't?

The most of the popular Bitcoin wallets support Bitcoin Gold. Among them:

  • Bittrex
  • YoBit
  • HitBTC
  • pool.gold
  • BitStar
  • BitBay
  • Coinomi
  • Freewallet
  • Guarda
  • bitFlyer
  • Coinnest
  • Minergate
  • Bitfinex

But there some wallets, that refuse to support Bitcoin Gold for some reasons:

  • Wex. nz
  • Poloniex
  • Jaxx
  • Shapeshift
  • Coinbase
  • Luno

Let's try to figure out, why these companies doesn't support BTG.

Wex

Wex is the reborn version of "well-known" BTC-e cryptocurrency exchange, which got a $110M penalty from US authorities for “for willfully violating U.S. anti-money laundering (AML) laws”. 

WEX. nz does not plan to charge Bitcoin Gold, but continues to closely monitor the development of Segwit2x.
 

Wex. nz statement (translated from Russian)

There are no additional details or reasons why the exchange took such a decision. 

Poloniex 

According to official statement of cryptocurrency exchange, BTG won’t be supported unless it had implemented replay protection.

We've stated in the past that the safety of our users' tokens is our chief concern. As such, we have refused to support a forked token unless it had implemented replay protection. We would like to further urge our users to be immensely cautious of any token that expects to be given private keys that control value on another blockchain. This is dangerous and unnecessary, even for an alt like BTG that seeks to distribute tokens using the state of an existing blockchain.
 

Poloniex Statement

It is worth noting that Bitcoin Gold team had already implemented replay protection, but still no BTG support by Poloniex.

Jaxx, ShapeShift

Jaxx, the popular multi-currency crypto wallet and the ShapeShift platform are not going to support Bitcoin Gold due to the lack of  fully formed consensus code, as well as the lack of implemented replay protection. Jaxx, however, is “monitoring the situation closely and with great interest”.

We do not currently have plans to support BTG in Jaxx. However, we will continue to monitor the BTG situation and will notify you of decisions we make here on our blog.
 

Anthony Di Iorio

Jaxx Team

Coinbase

Popular US exchange does not support Bitcoin Gold too.

We operate by the principle that our customers should benefit to the greatest extent possible from hard forks or other unexpected events. However, safety and security are also important considerations for any asset supported by Coinbase.

At this time, Coinbase cannot support Bitcoin Gold because its developers have not made the code available to the public for review. This is a major security risk.
 

Coinbase Team

Luno

Luno is cryptocurrency company, with exchange and wallets.

The Bitcoin Gold code is not currently in a sufficiently secure state, there was a suspicious private premine of tokens, it does not adequately support two-way replay protection, and it isn’t publicly available for review and auditing by Luno or other developers. For these reasons, Luno won’t support Bitcoin Gold.
 

Luno Statement