Bitcoin Diamond: another Bitcoin hardfork?

Should we wait for another hardfork of Bitcoin? Let's try to figure out 
23 November 2017   2184

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:

  • huobi.pro,
  • okex.com,
  • coinnest.com,
  • gate.io,
  • bitsun,
  • bibox,
  • btctrade,
  • Aex.com,
  • Cex.com,
  • Coinbene.com,
  • Rightbtc.com 

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. 

BitPay to Receive New York's BitLicense

Having received BitLicense, BitPay can now conduct business with New York-based companies and consumers
17 July 2018   98

The well-known cryptocurrency processing service BitPay obtained a license to work with virtual currencies in the state of New York. Known also as BitLicense, this license is issued by the New York Department of Financial Services (NYDFS) and grants its holders the ability to conduct activities related to cryptocurrencies in the state.

NYDFS has carefully studied the company's application, including its policy on measures to combat money laundering, customer identification, fraud prevention, cybersecurity. The financial situation of the company was also thoroughly analyzed.

New York state has one of the strictest policies around businesses involved in cryptocurrency and working through the approval processes to obtain a License was important to BitPay. We believe this hard work will pay off as New York presents significant business opportunities for BitPay.
 

Stephen Pair

CEO, BitPay

Having received BitLicense, BitPay can now conduct business with New York-based companies and consumers: the first will be able to use the company's processing services to accept payments in Bitcoin and Bitcoin Cash, the latter will pay for various goods and services using these two BitPay supported cryptos.

Note that BitPay was only the eighth company that received BitLicense. Other license holders are Square, Xapo, Genesis Global Trading, bitFlyer USA, Coinbase, Ripple and Circle. In addition, special permissions for operations with crypto-currencies are exchanged by Gemini and itBit.