Bitcoin Diamond: another Bitcoin hardfork?

Should we wait for another hardfork of Bitcoin? Let's try to figure out 
23 November 2017   1557

Reports about the launch of another Bitcoin hardfork keeps coming. 

What is Bitcoin Diamond?

According to The Bitcoin News, Bitcoin Diamond, a new cryptocurrency was recently launched by Team EVEY& Team 007, two teams of bitcoin miners who were not happy with some of the major downsides of Bitcoin. After nine years of rapid development and various issues that the miners faced with Bitcoin, such as lack of privacy protection, high transaction fees and slow transaction speed, the teams finally collaborated and rolled out Bitcoin Diamond. 

Bitcoin Diamond is a fork of Bitcoin that occurs at the predetermined height of block 495866” (approx. 24th of November)

Bitcoin Diamond miners will begin creating blocks with a new proof-of-work algorithm, and will consecutively develop and enhance the protection for account transfer and privacy based on original features of BTC. The original Bitcoin blockchain will continue on unaltered, and a new branch of the blockchain will split off from the original chain. It shares the same transaction history with Bitcoin until it starts branching and coming into a unique block from which it diverges. As a result of this process, a new cryptocurrency was created which we call “Bitcoin Diamond”. 

Bitcoin Diamond Team

According to the team, Bitcoin Diamond has various benefits, such as:

  • better privacy protection,
  • encryption of the amount
  • balance which protects customers’ privacy and faster transaction confirmations. 

Also, Bitcoin Diamond team reports that BCD is already supported by large anount of exchanges, such as:

  • bitsun,
  • bibox,
  • btctrade,

It is worth noting that at Gate .io BCD is traded for $81.46.

And we wasn't able to find any official information about Bitcoin Gold support in the number of above mentioned exchanges. But maybe it will appear when fork will happen? 

Bitcoin Diamond Team 

There isn't much information about Bitcoin Diamond Team.

Bitcoin Diamond Development Team
Bitcoin Diamond Development Team
Bitcoin Diamond Operations Team
Bitcoin Diamond Operations Team

These are screenshot from official website of Bitcoin Diamond. As you can see, there isn't a lot of information and those, who stands behind Bitcoin Diamond.  

It is also worth noting that GitHub button at Bitcoin Diamond website doesn't work, and Youtube button just leads to Youtube with "bitcoin diamond" search words. 

SEC Suspends Trading in 3 Companies

On Friday The U.S. Securities and Exchange Commission temporarily suspended the trading of three companies as they made the purchase of cryptocurrency and blockchain-related assets
17 February 2018   121

According to the announcement, the trade of  Cherubim Investments, Inc., PDX Partners, Inc., and Victura Construction Group, Inc. will be suspended between 9:30 a.m. EST Friday and March 2. The notice was dated Feb. 15.

SEC stated that its trading suspension orders state that recent press releases issued by CHIT, PDXP, and VICT claimed that the companies acquired AAA-rated assets from a subsidiary of a private equity investor in cryptocurrency and blockchain technology, among other things.

The release also indicates additional reasons for the suspensions. The agency’s orders also say there are questions regarding the nature of the company's business operations. In case of CHIT, the Commission suspended trading in the securities because of its delinquency in filing annual and quarterly reports.

In August 2017, the SEC  issued a warning for investors about the companies that may publicly announce ICO or coin-related events to affect the price of the company’s common stock.

Fraudsters often try to use the lure of new and emerging technologies to convince potential victims to invest their money in scams. 

U.S. Securities and Exchange Commission