Bitcoin Gold: new Bitcoin fork?

A new "golden" cryptocurrency may fork from Bitcoin in October
29 September 2017   2264

Following the events of this summer, which were connected with the appearance of Bitcoin Cash and information about a possible new SegWit2x hardfork, another project with Chinese roots appears. As reported by, the project named "Bitcoin Gold" aims to follow a similar launch plan as Bitcoin Cash, i.e. to split from Bitcoin main chain.

As detailed, the Bitcoin Gold separation from the original Bitcoin chain is scheduled for October 25th. It is believed that the new tokens are to be traded on the exchanges on November 1st. The projct is to be led by Jack Liao, CEO of Hong Kong mining firm LightningASIC.

In particular, the developers hope to open up mining to more participants by replacing Bitcoin's mining algorithm with one that will enable it to be mined with graphics cards. The idea is to make big miners less relevant.

Bitcoin gold will implement a proof-of-work change from bitcoin's SHA256 to Equihash, a memory-hard algorithm that is ASIC-resistant and optimized for GPU mining.

"The Sorrow"
Bitcoin Gold developer

Bitcoin Gold has its own website, however visiting it is unlikely to shed additional light on the project.

The project has already faced some criticism. Thus, Zhao Dong, a cryptocurrency trader and investor argues that "GPU mining can't prevent centralization as GPU are controlled by Nvidia and AMD". 

 Bitcoin price chart on Bitcoin price chart on

What the future has in stock for Bitcoin and Bitcoin Gold, remains to be seen. Meanwhile, the top cryptocurrency price is about $4173.97, it's market capitalization is $69,257,899,504.

Vinnik Extradtion to France to be Supported by SCoG

Alexander is holding the hunger strike for 24 days and lost around 9 kilos
19 December 2018   22

Following the trial court of the city of Thessaloniki, the Greek Areopagus decided to extradite Alexander Vinnik, suspected of laundering $ 4 billion through the BTC-e cryptocurrency exchange, to France. Thus, the appeal of Russian lawyers was rejected, reports TASS referring to the chairman of the court Angelique Aliferopoul.

After the announcement of the verdict, Alexander Vinnik declared that he would continue the hunger strike against the arbitrary rule of the Greek authorities, which began in mid-November.

I have been starving for 24 days. Yesterday I was weighed; according to the documents, I lost 8 kg. But they did not immediately begin to weigh me, only on the third day. So I lost 9 kg. If I'll be extradited to Moscow, I will stop starving.

Alexander Vinnik


Alexander Vinnik was detained in Greece at the request of the American authorities on July 25, 2017. In June 2018, Vinnik was arrested in absentia in Russia on charges of cyber fraud on a large scale.

At the moment, there have been several court decisions on the extradition of Vinnik - at the request of the United States, at the request of France and two decisions at the request of Russia. The final decision on the case will take the Minister of Justice of Greece.